US automaker Ford Motor Co plans to enter 皇冠体育app'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 皇冠体育app Auto Rental, NetEase reported Wednesday.
皇冠体育app'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.
皇冠体育app'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, 皇冠体育app's largest privately-owned car maker, said it plans to sell cars specially designed for Internet sales at Alibaba.com, 皇冠体育app'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 皇冠体育app 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 皇冠体育app 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 皇冠体育app Association of Automobile Manufacturers (CAAM) predicted the output and sales of cars in 皇冠体育app will increase to 25 million by 2015.
A nation-wide survey run by 皇冠体育app Youth Daily found over half of the respondents plan to buy cars, the newspaper reported Tuesday.
Electric vehicles may soon hit 皇冠体育app'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 皇冠体育app, will recall 3,200 vehicles beginning Sep 8 due to flawed design that could affect tire safety, 皇冠体育app's quality watchdog announced Tuesday.
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