China Economic ReviewAccording to its latest Five-Year Plan, the Chinese auto industry will make development and production of electric and hybrid vehicles its top priority. By 2015, China aims to sell 1 million new-energy automobiles. The government will invest more than RMB100 billion (US$15 billion) over the next decade to make China the world leader in green […]
General Motors (GM) has agreed to deepen technical cooperation with its joint venture partner SAIC Motor Corp (600104.SH) and further integrate the Chinese firm into its global product development system, the Wall Street Journal reported. The agreement is intended to facilitate the joint development of electric cars and components, GM and SAIC said. It should […]
Nissan’s joint venture in China has increased its sales forecast for 2012 by 50%. The new target now stands at 1.5 million vehicles. The Japanese carmaker partnered with China’s Dongfeng Motor Group to set up Dongfeng Motor Co. During the first 10 months of the year, sales of the joint venture already passed one million […]
Further M&A guidelines are being prepared for China’s automobile industry as part of efforts to create strong brands capable of competing across different regions and overseas, state media reported. Miao Wei, vice minister at the Ministry of Industry and Information Technology, said the new guidelines are expected to be published by the end of this […]
While much Chinese investment and exports to the Middle East and Africa may be in the form of infrastructure, China’s automotive manufacturers – of both passenger cars and commercial vehicles – are making significant headway in the regions’ markets. The leader so far this year is Chery, which sold a total of 57,300 units […]