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Behind Wanxiang’s tie-up with SAIC

If everything goes well, Wanxiang Group will receive the license to make new energy coaches soon, according to Yu Linglin, an analyst at 21 Shiji Jingji Baodao (21st Century Business Herald), on WeChat, citing a person at Wanxiang. This means Wanxiang chairman Lu Guanqiu’s dream of building vehicles will come

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China automobile ownership reaches 154 million in 2014

BEIJING – China automobile ownership reached 154 million by the end of last year after a record of 17 million were added in 2014, according to information released by the Ministry of Public Security. Automobiles registered took up 58.6 percent of total motor vehicle parc, a sharp rise from 43.9

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Shenzhen begins restriction on new car purchases

SHENZHEN – Authorities in Shenzhen, Guangdong Province suddenly announced a restriction on car purchases on December 29, requiring prospective buyers to acquire new car plates by lottery or auction. Starting from December 29, 100,000 new vehicle plates will be allocated annually for the city, including 20,000 electric cars, said Chen

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Tesla opens experience center in Chengdu

CHENGDU, Sichuan – U.S. electric car maker Tesla opened its second-largest experience center in the world in Chengdu, capital of Southwest China’s Sichuan province on December 18, according to a report on Xinhuanet.com.  Located in Chengdu’s high-tech industrial development zone, the experience center covers an area of 5,000 square meters.

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