Gasgoo.com (Shanghai October 14) - Chery Jaguar Land Rover has officially gained passenger automobile production rights from the Ministry of Industry and Information Technology, the Beijing Morning Post reported today. With the MIIT's approval, the countdown to the joint venture's first domestically manufactured automobile is beginning. Its first model, the Range Rover Evoque, will begin mass production at the end of October at its factory in Changshu, Jiangsu; its official market launch will follow soon after. Industry analysts point out that domestically-manufactured vehicles can save up to 25 percent in costs due to not having to pay import duties, which makes them very competitive from a pricing standpoint.
Oct. 18 , 2014Gasgoo.com (Shanghai September 25) - According to the China Association of Automobile Manufacturers, total production and sales numbers for Chinese automobiles over the first eight of the months totaled 1.52 million units and 1.5 million units, respectively. The two figures represent year-on-year growth rates of 8.61 percent and 7.67 percent, respectively. These rates were much lower in the month of August; with production and sales numbers growing 2.22 percent and 4.04 percent, respectively. Those production and sales figures represent a clear decline from the previous month. Industry analysts point out that dealerships in first-tier cities are suffering severely from market pressures.
Oct. 3 , 2014