Market & Industry
Spyker and Pangda still waiting for government approval

Gasgoo.com (Shanghai May 25) - Spyker and Pangda's recent agreement of cooperation has not yet gained the government's support, Caing.com reported today. The lack of a clear answer from the National Development and Reform Commission (NDRC) puts doubt on the future of the agreement.

May 26 , 2011
Foton to invest in building new energy vehicles in Guangdong

Gasgoo.com (Shanghai May 24) - Beiqi Foton, one of the country's largest bus and truck manufacturers, announced that it will be investing 1.2 billion yuan ($184.8m) to construct a production site in Zhongshan, located in Guangdong's Pearl River Delta, Shanghai Securities News reported today. The factory will primarily produce the manufacturer's new energy vehicles and auto parts.

May 25 , 2011