SAIC Motor Corp will spend 2 billion yuan (US$294 million) with its parent on a venture making green vehicles.
China’s biggest auto maker plans to take 10 percent of the venture, which will focus on the development of hybrid and electric vehicles, according to a statement filed to the Shanghai Stock Exchange yesterday.
Tags: Auto, cars, General-Motors, [...]
Diversified industrial manufacturer Eaton Corporation has announced its innovative Fuel Cell Cathode Blower will be used in a fuel cell vehicle demonstration program being prepared by Shanghai Automotive Industries Corporation (SAIC) for the 2010 Shanghai World Expo.
“Protecting and improving the environment are among Eaton’s highest priorities,” said Glenn Gouldey, vice president technology and planning ¨C [...]
Mazda Motor (China) Co said the company posted 27% sales growth during the first ten months of the year as a result of dealership network restructuring and product lineup expansion.
From January to October, Mazda sold 105,000 cars in China, up 27% year on year and 11% higher than the industry average in the same period, [...]
Italian automaker Fiat has submitted its request to China’s top economic planning body to forge a joint venture automaker in China, the Jinghua newspaper reported Friday, citing a Fiat source saying.
The unnamed source said Fiat submitted two joint venture projects with Chery Automobile Co and Guangzhou Automobile Group Co (GAIG) respectively and expected the deal [...]
Following the launch of its all-new compact hatchback Huandong (H11) in December, Haima Auto has also planned to release its Fstar (Fushida) MPV model to the market in early 2009, said auto.163.com today. The Haima Fstar will be the first new model to be made at the carmaker’s Zhengzhou facility.
The Haima F-star MPV uses advanced [...]
SAIC Motor Corp, China’s biggest automaker, said on Tuesday it plans to set up a venture with its state-owned parent that will invest 2 billion yuan ($293 million) to develop clean-energy cars.
The SAIC group will hold a 90 percent stake in the venture, which will focus on the development of hybrid and electric vehicles, while [...]
