Brilliance Auto plans to build 30 special-vehicle production bases
Shanghai November 8 (Gasgoo.com) Brilliance Auto, BMW's Chinese partner, plans to set up 30 special-vehicle production bases nationwide, while establishing companies with mixed ownership through the introduction of private capital, its Chairman Qi Yumin said in a recent interview with the China Times.
"China's special vehicle market faces great development potential at present." Qi said. "The special vehicle will thus become one of the main targets of development for Brilliance Auto in the next five years, and we hope to make public this asset in three years."
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VW Golf Blue-E-Motion likely to hit China market in 2014
Shanghai November 8 (Gasgoo.com) Brilliance Auto, BMW's Chinese partner, plans to set up 30 special-vehicle production bases nationwide, while establishing companies with mixed ownership through the introduction of private capital, its Chairman Qi Yumin said in a recent interview with the China Times.
"China's special vehicle market faces great development potential at present." Qi said. "The special vehicle will thus become one of the main targets of development for Brilliance Auto in the next five years, and we hope to make public this asset in three years."
China's new energy vehicle roadmap to 2020
Shanghai November 9 (Gasgoo.com) Tsinghua University Automotive Safety and Energy National Laboratory Director, Ouyang Ming Gao initially disclosed a development roadmap for new energy vehicles in China in the next decade at the 25th World Electric Vehicle Symposium and Exposition held in Shenzhen during November 5-9, the Beijing Morning Post reported Tuesday.
China is already the word's largest car manufacturer, based on the 2009 figures. Its annual vehicle output could reach 17 million units this year and 200 million units in 2020. Therefore, China's car market still has great potential for development, Ouyang said.
New JLR plant likely to be located in Nanchang
Shanghai November 9 (Gasgoo.com) Jaguar Land Rover (JLR) is planning to build a new plant in China, its CEO Ralf Speth said recently. The plant, with an annul production capacity of 50,000 vehicles, is likely to be located in Nanchang, capital of Jiangxi Province in southeastern China, huanqiu.com reported Tuesday, citing a person with knowledge of the matter.
JLR, the UK-based luxury vehicle business owned by India's Tata Motors, will start the project immediately once finding a suitable Chinese partner. With an investment of $162.1 million, the project is expected to produce 150,000 vehicles in three years, Speth said.
Mercedes to invest $4.1 billion in China production before 2015
Shanghai November 10 (Gasgoo.com) Daimler AG plans to invest 27 billion yuan ($4.1 billion) in expanding its annual production capacity and Mercedes-Benz sales network, and establishing its first engine plant outside Germany in China before 2015, its Chief Executive Dieter Zetsche said during his third visit to the country this year, bbtnews.com reported Wednesday.
With the development of China's auto market, Mercedes-Benz aims to boost sales to 300,000 units gradually in the country. Daimler AG earlier said that it will put 70% of its Mercedes-Benz vehicles into local production in China, which Dieter Zetsche said will become the European automaker's largest market after four years.
China regulator may break the rule of 50/50 JV in auto industry: expert
Shanghai November 10 (Gasgoo.com) Deputy Director of the State Council Development Research Center, Liu Shijin, recently said at the "Sino-German automobile industry forum" that letting go the bottom line that requires foreign vehicle manufacturers to enter 50:50 joint ventures (JVs) with the local manufacturers for their manufacturing and assembly operations in China will enhance market competition, eeo.com.cn reported Wednesday.
Gregoire Olivier, President of PSA Asia-Pacific Operations, showed his agreement when hearing the remarks on the spot.
Chery Auto to road test three electric models in U.S.
Shanghai November 11 (Gasgoo.com) Chery Auto will start road-testing three of its electric models in North America in three months, aided by Cerberus Capital Management LP, the $21 billion New York-based buyout firm, the China Youth Daily reported Thursday, citing Yuan Tao, general manger of Chery New Energy Automobile Technology Co., Ltd..
The test will last for around eight months. If everything goes well, Chery will bring its S18 all-electric model to U.S. for a trial run then. Meanwhile, Chery will further improve the model in accordance with EU standards, planning to initially take it to Germany, Yuan Tao said at the 25th World Battery, Hybrid and Fuel Cell Electric Vehicle Symposium and Exhibition held in Shenzhen on November 5.
Japanese carmakers' market share in China falls 20% in Jan-Sep
Shanghai November 11 (Gasgoo.com) The latest data from the China Association of Automobile Manufacturers show that Japanese automakers' market share in China fell 20% in the first nine months of this year, making a serious impact on their development in the country, the Shanghai Morning Post reported Thursday.
The market share of Japanese automakers in China used to be 13.5% higher than that of German automakers, but it already dipped to 5% in the January to September period, sources said.
Chinese-brand passenger cars' market share doubles in seven years
Shanghai November 12 (Gasgoo.com) The strength of China's auto industry has increased substantially since the National Development and Reform Commission released the "New Automotive Industry Policy" in 2004. During the seven-year period, the Chinese-brand passenger vehicles' market share has doubled, one year ahead of schedule, Shanghai Securities News reported Friday.
According to the "Auto Industry Restructuring and Revitalization Plan", the State Council announced in 2009 to lead development of the domestic auto manufacturers, the market share of China's own-brand passenger vehicles will surpass 40% by 2011, said Luo Lei, Deputy Secretary-General of the China Automobile Dealers Association.
China 'cash for clunkers' yields 284,000 sales in Jan-Oct
Shanghai November 12 (Gasgoo.com) The Chinese government's "cash for clunkers" program has boosted consumer spending of 32.6 billion yuan ($4.92 billion) on new vehicles by granting subsidies of 4 billion yuan in the first ten months of this year, yielding sales 284,000 units, the China Industry News reported Friday, citing information on the central government's official web portal.
In October alone, the program produced 38,000 vehicle sales, 5.6% higher than September at 36,000 units. Average monthly clunkers sales last month were 7.5 times higher than the average monthly sales in 2009; average daily sales in the same month jumped 30.6% from September.
