Volvo Cars, recently acquired by Zhejiang Geely Holding Group (0175.HK) from Ford (F.NYSE), is strongly considering taking over an existing Geely factory in Chengdu and converting it to a pure-Volvo factory to increase China production and sales, Bloomberg reported, citing statements by union representatives on the Volvo board. Volvo CEO Stefan Jacoby has said that […]
Category: Autos
Categories
Draft vehicle tax bill gets comments
One month after the National People’s Congress (NPC) Standing Committee released the full draft of the law on vehicle and vessel taxation and invited opinions from the public it received over 97,000 comments. The NPC Standing Committee said members of the public generally acknowledged the draft’s significance in helping determine fair levels of tax burdens […]
Zhang Zhihong, deputy director of the high technology department of the Ministry of Science and Technology, has been quoted as saying China’s cumulative investment in new-energy cars has topped RMB8.5 billion (US$1.3 billion). Zhang noted that the ministry has invested RMB2 billion (US$300.8 million) in new-energy cars during the 11th Five-Year Plan economic period, which […]
Categories
BYD postpones F3e all-electric car
BYD earlier showed off an all-electric car at the 2006 Beijing Auto Show called the F3e. It will not now be put into production – at least for a few years. Wang Jianjun, deputy general manager of BYD, said the delay is due to the lack of an enabling environment for electric cars in China. […]
Chinese cars are starting to make inroads into Saudi Arabia and elsewhere across the Middle East mainly in luxury versions – and low gas consumption is not a major selling point. What is selling them is price. They are much cheaper than other imported equivalents and are starting to become more popular not only in the […]