Nissan Motor Co, the largest Japanese automaker in China, said its sales in the nation rose 36 percent last year to 1.023 million vehicles, Bloomberg reported.
Only one in 12 drivers hoping to license new vehicles in the national capital will be able to do so, figures released by the city's transport authorities on Sunday showed.
Sales of Volkswagen Group's Czech brand Skoda surpassed 200,000 cars in China last year, a 62 percent surge over 2009 and a sevenfold increase over the 27,000 cars it sold in 2007, the first year it made cars in the nation.
Inspired by its strong performance in 2010, German carmaker Daimler AG's joint venture with Beijing Automotive Group expects sales to grow more than 60 percent in the coming year.
On Dec 26, the 107th birthday of Mao Zedong, Beijing Automotive Industry Corp (BAIC) inaugurated a new plant in the late leader's home province of Hunan to produce its own cars under the brand Beijing.
Beijing's new vehicle sales topped 891,000 units in 2010, up by 26 percent year-on-year, the Beijing News reported Monday, citing an official with the China Automobile Dealers Association (CADA).
State Grid Corp of China (SGCC) plans to build more electric charging stations in Beijing and several other cities this year to meet rising demand for electric vehicles.
With more Chinese people getting behind the wheel every day, traffic jams are a major headache in most cities but the gridlock has become an opportunity for some entrepreneurs who are offering an escape route - for a price.
Chongqing Changan Automobile Co, a Chinese joint venture partner of Ford Motor, plans to raise up to 4 billion yuan ($599 million) this month by selling additional shares to fund expansion.
German carmakers Daimler and Volkswagen will sign deals totalling $5 billion at a meeting with China's Vice-Premier Li Keqiang on Friday, government sources told Reuters on Thursday.
Chinese private-run automaker Great Wall Motor Co on Thursday said it posted strong annual sales growth of 77 percent, as it manufactured 397,300 vehicles last year.
Car rental agencies have been enjoying a boom in business ever since new restrictions made it harder for people to buy an automobile in Beijing.
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