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Tax take from the automobile industry has surged in the first 10 months this year as auto production and sales were booming in the world's largest market.
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.
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.
After announcing a 5-billion-yuan expansion plan, Nissan Motor Co is mulling even further expansion in the southern city of Guangzhou.
China's automotive industry might now be the world's biggest, but it also one of the most fragmented.
Honda Motor and Guangzhou Automobile may expand the capacity of their China plant by a third next year to meet robust demand in the world's largest market, chairman of the Chinese automaker said on Thursday.
German luxury carmaker BMW Group announced yesterday in Beijing that it planned to increase production capacity in China to further tap the growing luxury vehicle market.
Luxury carmaker Mercedes-Benz yesterday entered the premium used-car market with its StarElite Pre-Owned Program, in a bid to garner more market share and support its businesses in the country.
Small and medium-sized tiremakers in China are now shifting their marketing focus to other countries to alleviate the losses due to the punitive tariffs imposed by the US on Chinese-made tires in September.
China's Chang'an Automobile Group has become the country's third-largest vehicle manufacturer after taking over two automobile manufacturing arms of aircraft maker, Aviation Industry Corporation of China (AVIC).
The state parent of Chongqing Changan Automobile Co has agreed to take over major auto assets from aircraft maker Aviation Industry Corp of China, heeding Beijing's calls to speed up restructuring in the fragmented auto industry.
China's northern Tianjin-based economical passenger carmaker Tianjin FAW Xiali Automobile Co, Ltd saw its sales volume in October rise 10 percent year on year to 16,080 units.
