BYD Co, the automaker backed by Warren Buffett, plans to start selling electric and hybrid cars in western Europe next year as the first Chinese company to market alternative energy-powered vehicles in the region.
The E6 electric car is among the models BYD plans to introduce, Paul Lin, a company spokesman, said by phone Monday. The [...]
FAW Car Co., a unit of one of China’s three largest auto makers, First Automotive Works, said Thursday its net profit rose 49.8 percent to 1.6 billion yuan (234 million U.S. dollars) in 2009 from a year earlier, fueled by strong sales.
Business revenue was up 37 percent year on year to 27.7 billion yuan in [...]
The maker of Roewe and MG also nurturing range of new energy cars
SAIC Motor Co Ltd sold more than 82,000 cars of its Roewe and MG brands between January and November of 2009, up 160 percent over the same period of the previous year. Full-year sales are expected to hit 90,000 units, the company said.
The [...]
The emerging markets of China, India and Brazil will lead the way in global auto sales in 2010, a report said Tuesday.
The U.S. market, meanwhile, was expected to see a double-digit increase and will lead the growth of mature markets in 2010, said the global auto report by Canadian Scotiabank Economics.
The report said that a [...]
Light commercial vehicle maker Beijing Automotive Industry Holding Corp (BAIC) yesterday said it would invest 33 billion yuan ($4.8 billion) over the next three years for vehicle research and development (R&D) and also hinted that it may launch an initial public offering soon.
Tags: car, China Auto
Wan Huaiyu said he does not care whether his second car would become Beijing’s historic four-millionth vehicle.
“It’s my car. I have a real need to own it, whether it is the four millionth or the five millionth,” the 30-year-old businessman told METRO as he steered his parents and sister into a brand new 110,000-yuan Beijing [...]
