US automaker Ford Motor Co plans to enter China's booming sport utility vehicle (SUV) market, launching its first SUV model in the domestic market during the fourth quarter of this year, a top company executive said.
Legend Holding Ltd announced Wednesday it would invest 1.2 billion yuan in China Auto Rental, NetEase reported Wednesday.
China's old-for-new car scheme is gaining momentum after the authorities raised the subsidy levels at the start of this year, the Ministry of Commerce (MOC) announced Tuesday.
China's Geely and its newly acquired Volvo plan to build three assembly plants in the country to make Volvo cars, in a bid to realize the dream of selling 300,000 vehicles a year.
Geely, China's largest privately-owned car maker, said it plans to sell cars specially designed for Internet sales at Alibaba.com, China's biggest online marketplace.
Chinese auto sales rose 39.02 percent year on year to 11.58 million units in the first eight months this year, the China Association of Automobile Manufacturers (CAAM) said Thursday.
Subsidies for new energy vehicles are likely to be expanded to the manufacturing and usage sectors as the government releases preferential fiscal and taxation policies, said Xu Changming, head of information resource development at the State Information Center during an interview with China Business News on Wednesday.
Chinese companies should not simply be onlookers but need to scan the Geely-Volvo deal as a prime example of Chinese enterprises going overseas and becoming globalized.
The China Association of Automobile Manufacturers (CAAM) predicted the output and sales of cars in China will increase to 25 million by 2015.
A nation-wide survey run by China Youth Daily found over half of the respondents plan to buy cars, the newspaper reported Tuesday.
Electric vehicles may soon hit China's roads, but automakers are worried that slow development of charging stations will hinder sales of the new energy vehicles.
Chery Automobile Co Ltd, the largest private automaker in China, will recall 3,200 vehicles beginning Sep 8 due to flawed design that could affect tire safety, China's quality watchdog announced Tuesday.
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