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The Shanghai government will build 400 charging stations for electric vehicles this year, China Business News said, citing Liu Jianhua, an official in charge of promoting alternative-energy vehicles in the city.
Shanghai GM launched the compact model last week priced between 137,700 and 189,700 yuan.
The supercar equipped with a 5.2-liter FSI V10 petrol engine and an R tronic automatic transmission went on sale in China last Friday priced at 2.33 million yuan.
The mid and high-end SUV made at joint venture FAW Toyota hit the market last week, retailing from 538,000 to 698,000 yuan.
While these initiatives are a welcome sign of confidence, there are some reasons to take a more cautious view when considering China's future potential.
Two Mercedes-Benz long-wheelbase E-class sedans - the E 260L CGI ELE and the E 300L AVA - made only at the joint venture Beijing Benz Automotive Co Ltd recently went on sale in China.
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 same period last year.
China's leading private automaker, Chery Automobile Corporation Ltd sold 8,053 motor vehicles abroad in May, a growth of 259 percent on the same month of last year, a company official said.
Dongfeng Motor Co Ltd on Saturday celebrated the start of construction on an engine plant, which will begin manufacturing self-developed engines for passenger vehicles in the second half of 2011.
Problem-ridden Toyota Motor Corp has run into yet another problem as it stopped all sales of its 2010 Lexus HS 250h hybrid after tests had revealed the car could leak fuel in a rear-end collision, the Los Angeles Times reported on Friday.
Zhejiang Geely Holding Group, which is buying Ford Motor's Volvo car unit, aims to sell 150,000 Volvo cars in China annually by 2015, the Shanghai Securities News said on Friday.
Premium-car maker Volvo, which Ford is selling to China's Zhejiang Geely, has hired the head of Volkswagen's North America business as its chief executive, a German newspaper reported.
