China Economic ReviewZap’s electric vehicles may go into high-volume production in China as a result of the company’s pending 51% stake in Jonway Automobiles in Zhejiang province. This will be a major change for the 50-employee Santa Rosa pioneer of Zero Air Pollution vehicles. The new company will be called Zap Jonway and will manufacture and sell […]
Rolls-Royce Motor Cars plans to sell 800 cars in China next year, aiming to raise sales eightfold in two years in the world’s largest auto market, Bloomberg reported. Rolls-Royce, the ultra-luxury marque of Bayerische Motoren Werke (BMW), delivered nearly 500 cars in China – including Hong Kong – in the first 10 months of 2010, […]
Volvo (VOLVB.OMX) and Changan Ford Mazda Automobile announced a recall of 18,848 vehicles in China on Monday to repair defects that may pose safety issues, state media reported. Volvo XC60 models manufactured between January 26, 2009 and April 14, 2010, are being recalled over an airbag assembly issue that could result in it failing to […]
Work has started on Beijing Hyundai Motor’s third auto plant in Shunyi district in suburban Beijing. China‘s top political advisor, Jia Qinglin, attended the groundbreaking ceremony and noted that trade between China and South Korea topped US$150 billion during January to September this year, up 36.7 percent year-on-year. Jia said that while China‘s economy has […]
Hankook, Korea’s largest tire maker, will begin construction of a new plant in China early next year to meet growing demand for tires in what has become the world’s largest and fastest-growing automobile market. The new plant will be in Chongqing in southwestern China and construction will begin in the first quarter of 2011. for […]