CNR Corporation Limited, China's leading locomotive maker, Monday signed a contract worth RMB 39.2 billion with the Ministry of Railways (MOR) to provide 100 high-speed CRH (China Railway High-speed) trains for the Beijing-Shanghai High-speed Railway, the official Xinhua News reported....
State-owned Aviation Industry Corp of China (AVIC), the country's leading aviation manufacturer, launched an auto company in Beijing on Mar. 13, the First Financial Daily reported.The newly-established auto company will be integrated with assets from several domestic automakers including Jiangxi Changhe...
SHANGHAI, March 16 - China truck maker Beiqi Foton Motor Co <600166.SS>, a partner of Germany's Daimler AG <DAIGn.DE>, said its vehicle unit sales in February rose 10.6 percent from a year earlier. Beiqi Foton...
SHANGHAI, March 14 - China's Geely Automobile Holdings, considered a potential buyer of assets from struggling global auto giants, said foreign acquisitions would allow it to secure technology and new markets but it remains cautious...
BYD Co<1211>, China's largest rechargeable batteries maker as well as automobile producer, Thursday said its monthly sales increased 27.96% from 21,915 units in January to 23,819 units in February, sources reported.The Shenzhen-based automaker sold 14,242 units of F3 model. With the new F3 automatic...
Shanghai Volkswagen Automotive Co Ltd (Shanghai VW), a 50-50 joint venture between Volkswagen and the Shanghai Automotive Industry Corp (SAIC), sold 42,899 vehicles in February, becoming the No.1 automaker in the domestic market, the First Financial Daily reported on Tuesday....
China's auto sales increased 24.72% year on year to hit 827,600 units in February mainly due to the government incentives to boost the auto sector, sources reported.Data from the China Association of Automobiles Manufacturers (CAAM) showed that sales of passenger cars reached 607,300 units, up...
General Motors Corp (GM), the world's second-largest automaker, has raised the forecast of its car sales in China to 5% to 10% from less than 3%, GM Asia Pacific President Nick Reilly said over the weekend, the Shanghai Daily reported.The growth in sales forecast came after the government's stimulus plan to boost...
SAIC Motor Corp Ltd<600104>, China's third-largest automaker, will launch home-grown hybrid gas-electric cars within three years, sources reported, citing Chen Hong, SAIC's president as saying.The company aims to promote the self-owned brands and improve the innovation ability by investing RMB 6...
Mar. 5, 2009 (China Knowledge) - Geely Automobile Holdings Ltd<175>, China's largest privately owned automaker, yesterday said it had no plan to acquire the assets of Ford Motor's Volvo unit and General Motor's Saab unit, the Shanghai Securities News reported today.