Over the past three decades, "consolidation" has been a buzzword in the Chinese auto industry.
BAIC Group, the Chinese partner of Daimler AG and Hyundai Motor Co, plans to acquire one or two domestic automakers this year, according to the company's senior management.
Though Mercedes-Benz has recovered from the disappointing sales figures it saw in 2012, Nicholas Speeks, the new president and CEO of the company's China operations, is still not satisfied.
Volkswagen's joint venture with SAIC Motor Corp recently launched the Gran Lavida in South China's Hainan province.
North America remained the largest overseas client for Chinese IT service providers last year, accounting for half of their total businesses, according to a survey released Wednesday.
As the outsourcing market in China rapidly evolves, offering the lowest cost is no longer the best way to succeed, said several experts at the 2013 ChinaSourcing Summit.
Facing the pressure in the international market due to rising costs and fluctuations in foreign exchange, a growing number of Chinese IT companies have turned their eyes back to their home turf.
As electric vehicles become more widely used in public transportation, some local governments are moving a step further and promoting their private use.
During the past few weeks, several China-based electric vehicle makers have been making headlines with announcements of new contracts in the US market just as several US electric vehicle makers based in California face new challenges.
China Auto Rental Holdings Inc, the country's largest vehicle leasing company by fleet size and revenue, recently announced its five-year strategy together with British soccer legend David Beckham.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
