Articles Tagged with "EV"
Shanghai December 2 (Gasgoo.com) Dongfeng Honda Automobile Co., Ltd., Honda Motor Co's Chinese joint venture with Dongfeng Motor Group , has achieved its annual sales target of 240,000 units, likely to hit a new record high of 260,000 units at the end of this year, informationtimes.dayoo.com reported Thursday.
Dec. 2 , 2010A key reason for continued growth is the rapid development of China's lower-tier cities. While China's explosive automotive growth has been most evident in the Tier 1 cities, it is important to note that the trends of urbanization and growth of per-capita GDP will continue into the foreseeable future. As these factors are directly linked to the growth in demand for automobiles, one can expect a continuation of growth next year and thereafter. Urban wealth accumulation is undoubtedly fueling the growth in automotive sales. The fact that 85% of all vehicles are sold to urban residents is a clear sign of the relationship.
Nov. 25 , 2010