A new Ferrari 488 Pista on display during the 88th Geneva International Motor Show in Geneva, Switzerland. [Photo/IC] China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and… Continue reading China to phase out auto joint ventures equity cap
Author: China Daily Online News
Chinese NEV start-up Singulato to invest big in Suzhou
Singulato’s CEO Shen Haiyin attends the launching ceremony of an electric SUV Singulato iS6 in Beijing, April 13, 2017.[Photo/VCG] NANJING – Chinese new energy vehicle (NEV) start-up Singulato Motors announced Saturday plans to invest 15 billion yuan ($2.39 billion) in the manufacturing hub of East China’s Suzhou over the next five years. A partnership between… Continue reading Chinese NEV start-up Singulato to invest big in Suzhou
SAIC may set up car factory in Egypt
A worker checks the quality of newly made cars at an assembly line of SAIC Motor in Qingdao, East China’s Shandong province. [Photo by Yu Fangping/For China Daily] CAIROļ¼China’s giant carmaker SAIC Motor is planning to set up a car manufacturing factory in Egypt, a top Egyptian official said on Sunday. Egypt’s Minister of Trade… Continue reading SAIC may set up car factory in Egypt
GAC Honda to recall imported vehicles over faulty airbag
BEIJING – GAC Honda, the joint venture between Honda and Guangzhou Automobile Group, will recall 50 imported vehicles due to defective airbags, according to China’s top quality watchdog. The recall is for imported Fit hybrids manufactured between July 5, 2012 and March 1, 2013, said the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ).… Continue reading GAC Honda to recall imported vehicles over faulty airbag
Battery giant buys stake in lithium firm
A technician checks equipment on an assembly line of Contemporary Amperex Technology in Ningde, Fujian province.[Photo/Xinhua] Move to help secure supplies of key raw material, increase production capacity Contemporary Amperex Technology Co Ltd, China’s leading automotive battery maker, has purchased a more than 90 percent stake in a lithium company based in Canada, in a… Continue reading Battery giant buys stake in lithium firm
Dongfeng Peugeot-Citroen sales stall on brand confusion
Following a series of management reshuffles and a slow start in the world’s largest market, Dongfeng Peugeot-Citroen Automobile’s sales in China barely made it past the half-way mark of their 2017 target, resulting in substantial losses for the joint venture carmaker. Dongfeng Peugeot-Citroen saw a loss of 30 billion euros ($36.94 billion) last year, despite… Continue reading Dongfeng Peugeot-Citroen sales stall on brand confusion
Dongfeng Honda pauses deliveries
Workers check cars at a Dongfeng Honda production line in Wuhan, Hubei province. [Photo provided to China Daily] Suspension comes amid reported problems with lubricant levels in CR-V and Civic models, Hao Yan reports. Dongfeng Honda Automobile late last week acted to immediately halt deliveries of its turbocharged 2018 CR-V and Civic models, in the… Continue reading Dongfeng Honda pauses deliveries
Geely plans to manufacture flying cars
A flying car named the TF-X lands at Lawrence Municipal Airport, Massachusetts. [Photo/China Daily] For Zhejiang Geely Holding Group, even the sky is no limit to its ambition, literally. The Chinese carmaker, which made headlines last week by becoming the largest shareholder in Mercedes-Benz owner Daimler, is to produce flying cars in China. A Geely… Continue reading Geely plans to manufacture flying cars
China boosts BMW Group sales in January to hit new record
A BMW i3 is displayed at the Paris Motor Show in Paris, Sept 29, 2016. [Photo/VCG] BERLIN – German carmaker BMW Group reported on Tuesday that its sales in January have hit a new record, with significant contribution from Chinese market. A total of 169,538 customers worldwide took delivery of a BMW, MINI or Rolls-Royce… Continue reading China boosts BMW Group sales in January to hit new record
Geely to build NEV production base in E China
Lynk & Co, Geely Auto Group’s new car brand, launches in China on Nov 29, 2017. [Photo provided to chinadaily.com.cn] HANGZHOU – Zhejiang Geely Holding Group will set up a complex for new energy vehicles (NEV) at a cost of more than $5 billion in East China’s Zhejiang province. The auto maker on Sunday signed… Continue reading Geely to build NEV production base in E China