After 8.6 million Chinese bought their first cars last year, General Motors Co, Volkswagen AG and Ford Motor Co are positioning themselves to compete for return customers.
The number of car models in China’s showrooms quadrupled in the past six years, forcing companies to fight for attention by unveiling vehicles at the Imperial Ancestral Temple in [...]
Wang Chuanfu has been assiduously cultivating his dream of becoming king carmaker.
The 43-year-old entrepreneur has said he wants to turn his company, BYD Co Ltd, into China’s biggest auto producer by 2015 - and the world’s by 2025.
Despite his low-key lifestyle, Wang came under the spotlight of public attention after US billionaire investor Warren Buffett [...]
Zhang Jilong’s new year resolution is to buy a light-duty truck, taking advantage of the government’s stimulus measures on vehicle purchase in rural regions.
“I didn’t expect the government to prolong the favorable policy and raise the subsidy,” said the owner of a small brickyard in Yancun village, Weinan, Shaanxi province.
“But thanks to it, purchasing a [...]
China’s passenger vehicle market ended last year with a 59 percent year-on-year sales increase to surpass the United States as the world’s largest auto market for the first year, thanks to the central government’s stimulus package.
Tags: auto market, automaker, Automobile, CAAM, cars, China Auto, MPV, SUV, vehicle
Prices of China’s domestically made automobiles retreated slightly in November as dealers cut rates to clear inventory.
Prices fell 1.64 percent from a month ago, and 2.22 percent year-on-year in general, data released by the price monitor body of the National Development and Reform Commission (NDRC) has shown.
In breakdown, price of passenger cars shed 3.07 percent [...]
Beijing Automotive Industry Holding Co (BAIC) is building an electric car manufacture base in Beijing, in a bid for reinforcing its competitive edge in the promising green energy vehicle segment.
“We have just established a new company focusing on the new energy vehicles in suburb Beijing, including the whole industry chain, from research and development to [...]
