China Economic ReviewChina produced 179,200 cars in June, 83 per cent more than in the same month of last year and 13 per cent more than in May, according to figures released by the National Bureau of Statistics. Output over the first six months doubled to 903,400, which almost matched the 1.06m produced in the whole of […]
Japan's Toyota Motor has agreed with Guangzhou Auto to set up a joint venture to produce cars at a new plant in suburban Guangzhou, Asahi Shimbun said. The deal will be announced formally when it has received approval from the Chinese government.When production starts in 2005, it will initially assemble between 30,000 and 50,000 midsize […]
Vehicle-equipment maker Zhongda International Holdings posted a net profit of Yn2.6m for 2002 compared with Yn33.5m in 2001, South China Morning Post said. Turnover dropped 3.8 per cent toYnl73m. The announcement was made two months after its deadline under listing rules. Zhongda blamed the profit fall on changes in the automobile repair and maintenance market […]
Japan-based Denso, which manufactures air-conditioners and other equipment for motor ears, plans to triple its sales in China before April 2006 and to more than double output in the country over the next couple of years. The company supplies parts to Toyota and has six joint ventures in China. Earlier this year it set up […]
Nissan Motor's joint venture with Dongfeng was due to start operations on July 1. Japan's third largest carmaker said it had invested US$lhn in the joint venture, Dongfeng Motor, which was set up in Sep-tember last year and is headquartered in Wuhan, Hubei province. The Chinese partner has provided assets and premises worth an equal […]