China’s auto sales maintained steady growth in the first two months of 2010, buoyed by the nation’s car purchase incentives and strong demand brought by the week-long Spring Festival holidays.
Tags: auto market, CAAM, China Auto, vehicle
Chinese battery and automaker BYD Co and automobile inventor Daimler AG have signed an agreement to enter into a “comprehensive technology partnership” for the development of electric vehicles for the Chinese market.
Under the terms of the deal signed in Stuttgart, Daimler’s headquarters, on Monday, the two parties intend to develop a new electric vehicle specific [...]
The proportion of home grown brands may make up at least 50 percent of new purchases of government-owned cars, as required by a draft plan on procurement of official cars, Jinan Daily reported Friday.
The plan will also change the guidelines for vehicles to be purchased, basically excluding most brands made by joint ventures, the newspaper [...]
China’s largest indigenous automaker Chery Auto plans to outsell its home-grown rival BYD Auto this year, the China Business News (CBN) reported today, citing an unnamed source.
Ma Deji, Chery’s deputy general manager, said its company has set the 2010 sales target at 700,000 units. But a company insider told the CBN that Chery will not [...]
China Faw Group Corp. has set its sales target for 2010 at more than 2.3 million units, an increase of 18.3 percent from a year earlier, an executive said Sunday.
Jin Yi, Faw Group’s deputy general manager, told the 2010 purchase convention that the nation’s No. 2 carmaker also targets a sales revenue of 290 billion [...]
Shen Lu just bought herself a red Mazda 3 as a new year present.
“It looks beautiful and has large space. I bought it to replace my old car, a small Chery QQ,” said the 27-year-old IT practitioner.
“Cars with displacement of 1.6 liters, like the Mazda 3, are cheaper with reduced purchase tax,” she added.
Shen’s Mazda [...]
