TIANJIN – Foton Lovol International Heavy Industry Co., Ltd. (Foton Lovol) held a signing ceremony with the local government of Beichen District in Tianjin on July 29 to establish a heavy-duty machinery research and manufacturing base, according to a report on tianjinwe.com. As introduced, Foton Lovol will invest ¥9
Read MoreSHANGHAI – Eric Apode, president of Chang’an-PSA joint venture, announced in Shanghai on July 25 that the company expects to get approval from the Ministry of Commerce and receive operating license in October, according to a report on auto.qq.com. Apode said Chang’an-PSA will hold its opening ceremony this October in Shenzhen. The joint venture will
Read MoreBEIJING – Beijing Automotive Group Co., Ltd. (BAIC) is negotiating with Zhejiang-based Zoyte Holding Group for potential cooperation, according to a report at auto.qq.com citing sources close to the matter. “BAIC will work with Zoyte on car model project instead of acquisition at the current stage,” disclosed an insider. BAIC executives revealed
Read MoreIn light of present situation, the production and sales volume of Chinese auto market are not optimistic as expected. What tests Chinese auto market are not just whether the market can maintain the high growth rate as in the last several years or not, but what's more important is whether
Read MoreGeely Automobile Holdings and makers of other Chinese indigenous brands have made strides in after-sale service as they rev up efforts to win customer recognition, according to a closely watched annual survey released on Thursday. Five local nameplates, including Geely’s Gleagle and Dongfeng Motors Group’s Fengshen, rank “above average” for
Read MoreShanghai – In an effort to better monitor the automobile market, the China Automobile Dealers Association started a monthly warning report system for low supply inventories in March. According to autoobserver.net, the CADA has sounded a warning for the first time since its inception that inventories are excessively high. The
Read MoreNANJING – Shanghai-Volkswagen will finish the expansion project of its 4th plant (the Nanjing plant) by the end of August, and to put it into operation in the fourth quarter this year, according to a report on auto.163.com. The Nanjing plant manufactures the Santana Vista and the all new Passat at
Read MoreSHANGHAI – Stocks on the Chinese mainland fell on July 19th, driving down the benchmark index by the most in a week, on concern banks’ fundraising will drain capital from existing shares and policy tightening measures may slow the economy. SAIC Motor Corp. and FAW Car Co. slid 2 percent
Read MoreSHENZHEN －One of the world’s leading car rental company Hertz kicked off its first leasing service of new energy vehicles in Shenzhen to employ BYD’s pure electric car e6, according to a press release from Hertz. The electric vehicle leasing service in Shenzhen is part of Hertz’s global effort to promote
Read MoreBEIJING – Mazda China chairman and CEO Yamada Noriaki announced that the company plans to sell 1.7 million vehicles globally in 2016, with China sales accounting for 24 percent of the global total to 400,000 units, turning China as another top regional market of Mazda in addition to the U.S.,
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