Shanghai January 12 (Gasgoo.com) Research on the 2011 automobile market has shown some pessimistic results. During yesterday's "December 2010 automobile market information research forum," research institute China Passenger Car Association (CPCA) said that this year's domestic automobile sales may show negative growth of over 10%.

Shanghai January 10 (Gasgoo.com) In early 2010, Geely set its sales goal at 22%, a figure which is relatively conservative when compared with fellow automakers Chery and BYD. Geely still aims to play a fairly conservative role in 2011, having announced its sales target as 18%, equivalent to 490,000 vehicles (compared to Chery's goal of 900,000 vehicles.)

Shanghai January 12 (Gasgoo.com) BYD plans to list A-shares on the mainland stock market this year, issuing up to 100 million new shares.