Economical cars priced around 100,000 yuan ($14,622) will take lead in the auto market for the remainder of the year, the Beijing Morning Post reported Wednesday.
The Ministry of Industry and Information Technology granted production permits to 27 car models.
About 10 are brand new models with engine capacities ranging from 1.3-liter to 1.8-liter, according to a [...]
Chinese car maker Geely Automobile Holdings Ltd will not cut prices this year despite slower growth in the country, the world’s second-largest automobile market, its top executive said on Wednesday.
Geely is also confident it can achieve its sales target of 230,000 units in 2008, a rise of 27 percent from last year, despite a weak [...]
Fiat SpA, Italian’s largest automaker, said on Thursday that it is seeking new partners in China to promote sales in the world’s second largest auto market, as sales sharply slowdown due to the Olympics and sliding consumer confidence, according to sources.
The automaker said it is struggling to hit the sales target in the country, which [...]
Unlike Japan and the US, the world’s two largest auto manufacturers which have seen their own car brands widely accepted at home and abroad, China still sees its automobile market dominated by foreign brands including Volkswagen, GM and Honda, though most of them are produced by their joint ventures (JVs) with local businesses.
It took China [...]
Favorable policies that support the development of new energy vehicles are expected to come out this year, yesterday’s China Business News quoted an insider from the China Association of Automobile Manufacturers as saying.
The regulator has completed soliciting public opinion on the drat policies, which include preferential taxes on new-energy vehicles, according to the insider.
The Olympics [...]
The 8th overseas factory of Chinese carmaker Chery in Malaysia has been formally put into production and it has already got the mass production capacity.
The company’s President Yin Tongyao made the remarks at a launching ceremony of its first CKD MPV Eastar in Malaysia on Tuesday.
The car is assembled in the Chery’s 8th overseas factory [...]
