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China's battery and electric car producer BYD Co said yesterday that it would invest 1.5 billion yuan to build China's largest vehicle testing center.
China International Marine Containers (Group) Ltd will spend $1.7 billion to buy stakes of Yantai Raffles Shipyard Ltd (YRSL) to strengthen the group's marine engineering business, company executives announced yesterday.
Wuhan Iron & Steel Group said it had signed a long-term iron ore supply contract with Venezuela's Corporacion Venezolana de Guayana to diversify its raw material sources.
BMW Group's long-term plan for a seven-fold increase in its China production capacity announced last week is expected to further intensify competition in the country's growing luxury vehicle market.
A strong first half performance enabled Czech brand Skoda to hit its 2009 China sales target of 100,000 vehicles in early November, a full seven weeks ahead of schedule.
After announcing a 5-billion-yuan expansion plan in July, Japanese carmaker Nissan Motor Co is mulling even further expansion in the southern city of Guangzhou, according to CEO Carlos Ghosn.
China's automotive industry might now be the world's biggest, but it also one of the most fragmented.
A 50-50 major venture will be set up between China and the United States to develop and sell Chinese-made equipment for commercial aircraft, it was revealed yesterday.
More than 200 Lenovo F41 laptop users have demanded the Chinese computer maker replace their faulty batteries.
Cargo tonnage handled by Hong Kong International Airport (HKIA) in October 2009 increased by 1.3 percent to 324,000 tons over the same period last year, the first month that registered growth since August 2008, the Airport Authority said Sunday.
China's industrial output is expected to grow by about 16 percent year-on-year this month and in December and the full year industrial output growth could reach around 10.5 percent, Minister of Industry and Information Technology Li Yizhong said on Saturday.
Beijing Automotive Industry Holdings Co (BAIC), China's major carmaker, launched a new energy company in Beijing Saturday to produce pure electric and hybrid cars.
