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Nation's first electric car sold to individual

Last week little-known carmaker Zotye Auto became the first Chinese company to sell a purely electric car to an individual buyer. Li Ziqiang, a Hangzhou resident, bought the 5008EV from the Zhejiang-based private manufacturer last Monday after leasing a 2008EV model based on the ...

Gov't approves Geely's purchase of Volvo

Zhejiang Geely Holding Group Co is expected to complete its takeover of Swedish luxury car brand Volvo from US automaker Ford Motor Co on Monday after getting government approval for the deal. Li Shufu (center), chairman of Zhejiang Geely Holding Co, arrives for a news conference ...

Chinese carmaker denies spy charge

Chery cars in display. Chery International is China's largest automaker. China's largest automaker, Chery International, denied charges Monday by US prosecutors who are accusing it of stealing millions of dollars worth of clean energy technology from former engineers of US auto ...

Master minivan maker moves into car production

The minivan maker also turned to be quite successful in export market for its low-cost products. [China Daily] Hoping to grab a share of the lucrative entry-level auto market, China's biggest minivan producer SAIC-GM-Wuling Automobile Co announced its first self-developed car ...

BYD's bumpy road

The BYD F6 sedan from the relatively new, ambitious carmaker. Its F3 compact was 2009's top-selling car, a rank it maintained in the first half of this year. Hong Kong-listed battery and auto maker BYD Co has seen a sharp drop in its stock price in the past few weeks following ...

China's auto powerhouse dream achievable

Industrial experts say China's dream to become a worldwide auto powerhouse is expected to become a reality as domestic auto makers vow they would focus on brand-building and innovation to become internationally recognized. "China is set to become a strong auto powerhouse ...

Daimler in truck deal with Foton

Ulrich Walker (left), Daimler AG's chairman for northeast Asia, and Xu Heyi, chairman of Beiqi Foton Motor Co Ltd, attend a signing ceremony in Beijing on Friday. German commercial vehicle maker Daimler AG on Friday said it will make heavy trucks in China through a joint venture ...

Geely's Volvo gets a parking place in Shanghai

A customer examines a Volvo S90L sedan in Beijing. [China Daily via agencies] Zhejiang Geely Holding Group Co Ltd has got the necessary approval to set up a production facility in Shanghai for Volvo cars, sources said on Thursday. "Jiading will host the facility," said Jin ...

Audi to double its lineup in China

The A6L produced at Audi's joint venture in the northeastern city of Changchun contributed more than half of Audi's first-half sales in China. [China Daily] The first international luxury brand to produce cars in China - it assembled 499 autos in 1988 - Germany's Audi AG now ...

SAIC, GM form new biz model

SAIC workers assemble cars on the firm's Nanjing factory line. [China Daily] China's biggest automaker SAIC Motor Corp Ltd and General Motors Co announced plans to jointly develop fuel-efficient engines and transmissions on Wednesday. Under the agreement both sides will together ...

Alliance drives promotion of electric cars

An alliance of sixteen of the largest State-owned companies wants to accelerate development of electric vehicles in China, a move which underscores the country's ambition to be a world leader in new energy vehicles. The alliance, formed on Wednesday, is gearing up to invest 100 ...

JAC joins rush toward 'green' vehicles

Inside a JAC plant in Hefei, Anhui province. One of China's leading truck makers, it produced its first passenger car in 2008 - a move analysts said was to prevent consolidation with Chery, also based in the province.[China Daily] Domestic truck maker Jianghuai Automobile Co (JAC...

Shanghai VW still No 1 in passenger car segment

In the first seven months of this year, the joint venture's sales surged 37.6 percent year-on-year to 529,473 units. [China Daily] Sino-German car joint venture Shanghai Volkswagen Automobile Co Ltd retained its crown as the biggest passenger car provider in China last month with ...

Volkswagen to expand portfolio of imports

The third race in Volkswagen's Scirocco Cup China 2010 was held on the Chengdu International Circuit as part of efforts by the auto icon to enhance its sporty image. [China Daily] German automaker Volkswagen Group will expand its import portfolio to meet the increasingly diverse ...

Auto battle moves to the trenches

A minivan produced by joint venture SAIC-GM-Wuling. Statistics from the China Association of Automobile Manufactures show that first-half sales of crossover passenger vehicles including minivans this year surpassed 1.3 million units, nearly 43 percent growth over the first six ...

Ship that leaked oil on Great Barrier Reef removed

p> BRISBANE, Australia A coal carrier that ran aground and leaked about 3 tons of oil on Australia's Great Barrier Reef was refloated Monday after being stuck for more than a week. The 755-foot (230-meter) Shen Neng 1 was successfully lifted off the coral reef after crews spent ...

Geely's Li Shufu gives the lowdown on Volvo deal

On Aug. 2 Geely's Chairman Li Shufu (L1) and Ford's CFO Lewis Booth attend a deal-closing ceremony. China's Zhejiang Geely Holding Group announced it had signed a deal with America's Ford Motor Co. to take over Sweden's Volvo Cars. [Xinhua] On August 2, with the takeover of Volvo ...

BYD to miss sales target

Models dance beside a BYD car at the Nanjing International Auto Expo in June 2010. [China Daily] BYD Co , the Chinese automaker, cut its annual sales target for 2010 by 25 percent as growth slows in the world's biggest auto market. The company now expects to sell 600,000 vehicles ...

Geely completes Volvo brand acquisition

Geely Chairman Li Shufu (2nd L) and Lewis Booth (2nd L), chief finance officer of Ford, at the signing ceremony held on Aug 2, 2010 in London. [China Daily] Zhejiang Geely Holding Group Co Ltd said on Monday it has completed the acquisition of the Volvo car brand from Ford Motor ...

Dongfeng sales continue surge

With the Fengshen S30 sedan (pictured) and H30 hatchback, Dongfang has also branched out with its own models. [China Daily] Dongfeng Motor Corp , China's third-largest automaker, sold nearly 1.1 million vehicles in the first five months this year, a 64 percent increase over the ...
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