Daimler, BYD move toward new electric brand

2011-03-04 11:14:08

Chinese authorities recently granted a business license to Shenzhen BYD Daimler New Technology Co Ltd, the new joint venture between Daimler AG and BYD Co Ltd formed to develop an electric vehicle specifically for the China market.

Mercedes-Benz to open second factory in Beijing

2011-03-04 10:47:33

Mercedes-Benz will be adding another manufacturing plant in Beijing and another 300,000 cars to its annual production capacity in China.

GM's sales growth in China slows

2011-03-03 10:29:23

The biggest overseas automaker in China reported slower sales growth last month as deliveries by its local minivan venture declined.

China, Myanmar companies jointly to produce heavy duty trucks

2011-03-02 14:51:56

China and Myanmar companies have reached an agreement on production of 10-15 ton heavy duty trucks in Myanmar, the State-run paper the New Light of Myanmar reported Wednesday.

50 electric cabs hit Beijing streets

2011-03-02 10:56:51

A fleet of 50 electric cabs started operation in the Chinese capital Beijing on Tuesday. Each of the electric cabs can run 140 kilometers on full battery and saves more than 30,000 yuan on fuel per year.

China's absence in Toyota's global recalls sparks suspicions

2011-03-01 17:48:45

The tardy inclusion of the Chinese market in Toyota's latest global recalls may affect the No 1 automaker's image in the world's largest auto market, Japanese media commented, according to a report by the China Securities Journal on Monday.

BYD denies report of staff-reduction

2011-03-01 11:33:01

BYD Co Ltd, backed by the US billionaire Warren Buffett, denied an earlier report that it is implementing a staff reduction plan, caijing.com.cn said, citing a Feb 28 report by Hong Kong media.

General Motors recalls 232,931 cars in China

2011-03-01 09:55:08

Shanghai General Motors Co began recalling 232,931 cars in China Monday to fix faulty fuel lines.

Chery Auto to sell cars in Australia

2011-02-28 16:35:44

China's Chery Automobile said on Monday it aims to sell 5,000 cars in Australia this year, after the first shipments arrived on the weekend, and plans to double its outlets in the country within two years, Reuters reported Monday.

Latest BAIC deal bolsters gearbox tech in own brands

2011-02-28 14:17:22

Domestic automaker Beijing Automotive Industry Corp (BAIC) recently announced that it acquired all equipment and core technologies of Weigl Transmission Plant AB, a Swedish gearbox maker, for 31 million euros ($42.8 million).

Bookkeeping buoys numbers, but price war looms

2011-02-28 14:22:31

Car sales in China started off 2011 on a healthy note, with light vehicle sales in January climbing 16 percent over the same month last year to 1.8 million units.

Volvo: New home in Chengdu

2011-02-28 11:01:09

Volvo Cars Corp, the Swedish automaker acquired by Zhejiang Geely Holding Group Co last year, announced on Feb 25 that it will build its first Chinese plant in the western city of Chengdu and aims to sell 200,000 cars in 2015.