Search Results for "M"

Accelerated drive to globalization of Chinese automotive brands (6)

The global financial crisis temporarily disrupted growth in the business for exporting vehicles made in China. However, domestic vehicle manufacturers are once again focusing here and the business has picked up rapidly since early 2010, experiencing a 62.5% growth in the first nine months of 2010. Total export is as high as 405,200 units with even split of passenger and commercial vehicles. Such a strong rebound is largely fueled by a recovery of market demand in places such as Algeria, Vietnam, Syria, Russia, Egypt, Bangladesh, Iran, Chile, and Brazil. Moreover, improved product quality and a focused business strategy of Chinese local brands has contributed to Chinese export growth. One example is Great Wall Motor Company’s success in securing approval for sales in the European Union, which has enabled them to assemble and ship their 4 small cars to all European countries. It also has greatly enhanced the quality image and market acceptance of Chinese vehicles in other markets.

Dec. 21 , 2010
Guangzhou Auto mulling A-share listing

Shanghai December 21 (Gasgoo.com) Guangzhou Automobile Group Co Ltd (GAC)is mulling listing A shares in 2011. GAC aims to raise annual capacity to 3 million vehicles by 2015, and meanwhile to increase its annual sales to 400 billion yuan ($60 billion).

Dec. 21 , 2010
BMW plans China production of electric Megacity car

Shanghai December 20 (Gasgoo.com) The Chinese market will give BMW a big boost to implement its global strategy for new energy vehicles. BMW even plans local production of the electric Megacity car after the start of volume production in 2013.

Dec. 21 , 2010