China Economic ReviewDongfeng Honda, Honda Motor’s production and sales joint venture with Dongfeng Motor Group, will build a second auto plant in Wuhan, Hubei province. Dongfeng Honda has set the annual production capacity of the new plant at 100,000 units. It hopes to expand capacity to 120,000 units in 2013 and up to 240,000 units in the […]
Electric vehicles are galloping ahead worldwide – and nowhere more than in China. The key to success lies in the batteries. China BAK Battery, a leading manufacturer of lithium-based battery cells, has worked with Chery Automobile to produce a lithium-ion battery powered car. Batteries for electric vehicles are characterized by their relatively high power-to-weight ratio, […]
Chery Automobile launched sales of its M1-EV electric car at an electric car show in Shenzhen, the South China Morning Post reported. Chery says the fully electric M1 can travel 110 kilometers on a single charge and has a maximum speed of 120 kilometers per hour. The car costs between RMB149,800 and RMB229,800 (US$22,500-34,530), but […]
General Motors (GM) saw its China sales increase 19.6% year-on-year to 199,641 units in October, Bloomberg reported. The company – which saw sales of Buick, Chevrolet and Cadillac vehicles all rise – said it was on course to clear 2 million vehicles in China this year. Sales for the first 10 months jumped 35.5% to […]
Volvo (VOLVB.OMX) plans to hire a team of Chinese designers so that its next vehicle meets local tastes, Bloomberg reported. Working at a research center being set up in Shanghai, the designers would contribute ideas to a premium compact model – to rival Audi’s A3 and BMW’s 1-Series – scheduled for release in 2012. Volvo […]