China Economic ReviewChina’s vehicle sales increased 25.5% in October compared to the same month last year. According to the China Association of Automobile Manufacturers, 1.2 million passenger cars and 340,000 commercial vehicles were sold last month. Nearly 70% of the passenger vehicles purchased in October had engines with a displacement of 1.6 liters or smaller. According to […]
The window of opportunity in electric vehicle manufacture is quickly closing for foreign makers
Today’s general trend is towards smaller, greener cars that run on electricity or hybrid mixtures. But that does not mean all of the public wants to go that way. In China Buick is big. Shanghai GM has announced it will launch later this month the new Buick GL8 MPV, touted as a luxury people carrier […]
China’s biggest automaker SAIC is in talks to purchase a 1% stake in General Motors (GM) for about US$500 million, the Wall Street Journal reported. GM is planning to sell US$1 billion worth of shares to Middle Eastern and Asian sovereign wealth funds, equating to about 16% of the total shares the auto giant will […]
American A123 Systems will develop battery packs for a new electric passenger car from SAIC, the largest automaker in China. The batteries are for a new vehicle to be launched in 2012. These batteries will supply more power to weight ratio and twice as much or more than a traditional lead acid battery. But at […]