After a year of sluggish growth partly due to a massive earthquake and tsunami in Japan last March, Toyota’s luxury unit Lexus aims to boost sales in China by more than 50 percent to 88,000 units this year. The company said in a statement that by the end of the year, it will have 100 authorized dealer outlets in operation, up from the 81 dealerships to date.
Earlier this week we heard that SAIC will revive the good old ‘Shanghai’ brand. At the time however we didn’t know for which cars they wanted to use it. Now we do. The new Roewe 750 (pic) will also be sold under the Shanghai brand, likely as ‘Shanghai 750′.
The Fiat-Chrysler group is in intense negotiations with the Guangzhou Automobile Group on a possible joint venture to produce Jeeps in China, for the Chinese market.
Fiat SpA already has established a joint venture with Guangzhou. It is putting the final touches on a new compact for China that will be based on the same architecture as the recently unveiled 2013 Dodge Dart.
China has withdrawn support for foreign investment in auto manufacturing under new rules that took effect Monday, as it seeks to encourage the domestic industry in the world’s largest car market.
The guidelines — released by the National Development and Reform Commission (NDRC) and the Commerce Ministry on December 30 — signal an end to incentives for foreigners and discourage fresh projects in China.
SAIC will resurrect the good old Shanghai brand-name. SAIC stands for Shanghai Auto Industry Corporation, SIAC started life as ‘Shanghai Automobile’ building Shanghai-branded cars from 1958 until 1991. The cars were not very good and when the foreign brands started to arrive in the 1980′s nobody wanted a Shanghai anymore.
China’s largest electric vehicle (EV) charging and battery swapping station has been put into operation in Beijing, sources with the city’s power supply authorities said Sunday.
Gaoantun charging station, located in the eastern Beijing district of Chaoyang, has been installed with more than 10 types of EV charging or battery swapping machines, covering all charging modes that are available in China.
Chinese automaker Great Wall Motor will open on February 21 a plant in Bulgaria, producing the first Chinese cars assembled in Europe, its local partner Litex Motors said Thursday.
The plant in the northern village of Bahovitsa near Lovech has been test-producing since mid-November. It has a planned annual capacity of 50,000 cars for the Bulgarian and European market and will employ up to 2,000 people.
China Youngman Automobile Group Co., Ltd. will submit a bid of about SEK5 billion ($731 million) for bankrupt Saab Automobile, owned by Swedish Automobile, Swedish business daily Dagens Industri reports, citing a person familiar with the situation.
According to the daily, Youngman is prepared to invest an additional SEK5 billion to develop new models for the Phoenix platforms.