Zhejiang Geely Holding Group Co Ltd has got the necessary approval to set up a production facility in Shanghai for Volvo cars, sources said on Thursday.
Volvo's plan to set up a manufacturing base in Jiading district, Shanghai was approved by the National Development and Reform Commission, the Oriental Morning Post reported today, citing a source familiar with this matter.
An alliance of sixteen State-owned companies wants to accelerate development of electric vehicles in China, a move which underscores the country's ambition to be a world leader in new energy vehicles.
China's biggest automaker SAIC Motor Corp Ltd and General Motors Co announced plans to jointly develop fuel-efficient engines and transmissions on Wednesday.
China's 16 centrally-managed State-owned Enterprises (SOEs) will form an association Wednesday, aimed at developing China's own electric cars, the Shanghai Securities News reported Wednesday.
SAIC Motor Corp and General Motors Co announced on Wednesday that they would jointly develop new powertrain technologies, including high-technology engines and gearboxes, according to a statement from the companies.
China's quality authority said Tuesday that the BMW China Automotive Trading Ltd would recall 5,308 imported BMW 5 series GT cars beginning Friday because of a defective fuel tank.
China will no doubt remain the favorite investment destination for global automakers in the future, due to the local market size and potential, as well the continuous upgrading of the industry and investment environment, said analysts and company executives.
Nanjing NARI Technology Development Co Ltd beat Buffett-backed BYD to construct electric vehicle recharging stations in Central China's Hunan province this year.
A Toyota executive has confirmed the Japanese automaker will build its first wholly owned R&D center to bolster vehicle quality in China.
Toyota to improve quality for China market
Dongfeng Motor Corp, one of China's largest automakers, announced last week that it will invest 3 billion yuan ($440.76 million) over the next five years to develop energy-saving and new-energy vehicles.
Domestic truck maker Jianghuai Automobile Co (JAC) announced last week that it will produce new-energy vehicles in a 30 billion yuan ($4.41 billion) joint venture with a foreign-funded company, the latest Chinese automaker to make a foray into clean vehicles.
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