China’s Jianghuai Automobile (JAC), represented in Brazil by the SHC group, is planning to set up a network of dealers in the country in 2011 and hopes to sell 35,000 vehicles in the first year. Sergio Habib, the president of SHC group, said in Sao Paulo that the initial investment to introduce the brand in Brazil […]
Category: Autos
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Volvo may build plant in Chengdu
Volvo Group executives said a new Volvo plant will very probably be established in the southwest city of Chengdu. "The new plant will be set up after Chinese authorities approve our application and the Volvo board of directors OKs the move in December," said Shen Hui, Volvo senior vice-president responsible for operations in China. During […]
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Baojun affordable car out soon
The Baojun 630 is the first passenger car under the new Baojun brand. Baojun, which rolls off the production line next month, comes from General Motor’s joint venture with Wuling Automobile, SAIC-GM-Wuling Automobile. The plan is to launch a new Baojun model every year in the next several years. GM said the new brand was […]
LDK Solar has announced a two-year sales deal with BYD worth roughly US$300 million. Under the deal, LDK will provide monthly shipments of polysilicon, or solar wafers, starting in January 2011. Earlier this year, BYD announced that it would spend more than US$3 billion over five years to construct one of China’s biggest solar power […]
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Jaguar Land Rover in China JV discussions
Jaguar Land Rover, a unit of India’s Tata Motors (TTM.NYSE), said it is in negotiations with a Chinese auto maker to create a joint venture to boost its presence in the China market, the Wall Street Journal reported. Tata CEO Carl-Peter Forster told an industry conference on Saturday that Jaguar Land Rover wants a partner […]