Business / Auto China

Geely opts to sell interests in micro carmaker

[2016-06-27 11:20]

Geely Automobile Holding has opted to sell its interests in micro-sized electric carmaker Zhidou, to enable the company to operate as an independent entity as a prerequisite to get listed in the nation's new energy vehicle catalog.

Foreign firms lose traction in Chinese auto market

[2016-06-27 11:04]

International carmakers' profits in the Chinese market have plunged, with rising competition from local players forcing foreign auto giants to give heavy discounts, resulting in a loss of pricing power.

Soaring NEV industry must 'slow down', says expert

[2016-06-27 10:30]

A senior auto expert called for China's fast-growing new-energy vehicle industry to decelerate, a rare move amid the government's campaign to stimulate the sector nationwide.

Road to 'green' cars bumpy, but innovation is key

[2016-06-27 08:05]

Chinese officials are seeking to provide incentives to people to switch from ordinary cars to electric cars.

BAIC to be Benz's top partner

[2016-06-23 09:43]

BAIC Motor Corp Ltd has become the biggest partner of Daimler's Mercedes-Benz brand in China. That's after a share restructuring of the German manufacturing base in eastern China.

Volkswagen to produce more electric cars in China

[2016-06-21 10:23]

Volkswagen China said on Monday that it expects electric vehicles to account for up to 25 percent of its total auto production by 2025.

E-Class L heralds new decade of development for joint venture

[2016-06-20 09:37]

The long-awaited all-new E-Class L rolled off the production line at Beijing Benz Automotive Co Ltd on Thursday, heralding a new decade of development for the joint venture.

Both patents in copycat suit canceled

[2016-06-20 09:37]

Two design patents involved in a lawsuit Jaguar Land Rover filed against Chinese automaker Jiangling for allegedly copying the design of its popular SUV have been canceled in China, which has caused many jaws to drop and may discourage actions to protect intellectual property.

BYD Qingdao factory to make 5,000 electric buses annually

[2016-06-18 07:43]

Chinese electric-car maker BYD Co Ltd's new commercial vehicle factory in Qingdao, Shandong province, started production on Thursday. The facility is expected to manufacture up to 5,000 electric buses annually worth 10 billion yuan ($1.5 billion).

Market slowdown to squeeze automakers' profit margins in China

[2016-06-15 11:02]

Automakers in China will face greater pressure on their profit margins as the market slows and competition increases, ratings agency Fitch said Tuesday.

Volkswagen gets tough on competition

[2016-06-13 13:53]

Volkswagen AG's CEO Matthias Muller has made clear the company's commitment to rolling out more cars specifically designed for Chinese drivers, in a move to consolidate the German automaker's position amid increasingly fierce competition in the world's largest auto market.

Ford reshuffles management in major growth market

[2016-06-13 10:59]

China is set to play a more prominent role in Ford Motor's global growth strategy following one of the automaker's biggest management reshuffles in the country.

Dotcom expertise helps drive car selling joint venture

[2016-06-13 10:56]

A joint venture named after the literary figure Monkey King is planning to bring innovation to the automotive industry in 2016, which is the Year of the Monkey according to the Chinese zodiac.

New facilities for intelligent vehicles

[2016-06-13 10:55]

China's first national-level demonstration base to test intelligent connected cars opened in Shanghai on June 7, signalling that the sector has entered into a new phase in the country.

Tech threat to domestic carmakers

[2016-06-13 10:52]

China's industry warned over the potential problem posed by 'intelligent future'

BYD sets sights on streetcar network in smaller cities

[2016-06-07 07:59]

Chinese electric-car maker BYD Co Ltd will develop an electric streetcar network in smaller cities within the next five years to further expand its business, but some industry insiders say its plan lacks feasibility.

Rate of auto loan approvals is vital, report says

[2016-06-06 11:15]

If an auto finance company wants to improve its business, it should speed up the process of approving loans to buyers, a recent survey finds.

Volvo exec makes move to Chinese NEV maker

[2016-06-06 11:14]

Fu Qiang, 50, has left Volvo China Sales Co as former president and CEO and is joining Zhejiang Aiche Internet Intelligent Electric Vehicle Co, which is financially backed by a major investor that has recently been luring many Chinese auto executives to its ventures.

Beijing hosts smart-car contest

[2016-06-03 13:53]

Fast-tracking the development of energy-saving smart cars is the purpose behind a new innovation contest which began in Beijing on Thursday.

China's car market yet to peak, says trade association

[2016-05-30 09:26]

The Chinese car market, which sold 24.59 million vehicles last year, still has much room to grow, an industry association official said.