China Economic ReviewGerman luxury car maker BMW has received approval for its joint venture with Brilliance China Automotive Holdings, Bloomberg reported. The new venture will make 3- and 5-series sedans at Brilliance's plant in Shenyang, Liaoning province. Production is expected to start in the second half of this year, with a target production of around 30,000 units […]
Five transport companies in Beijing have agreed to set up a joint venture that will become the biggest taxi company in the city, Beijing Morning Post said. The five include Kowloon Bus of Hong Kong and North China Bus, and the venture will be called North China Bus-Kowloon. It will remodel North China Bus’s existing […]
China produced 1.049m vehicles in the first four months of this year, 23.1 per cent more than in the same period of last year, according to the National Bureau of Statistics. Passenger car output totalled 267,900, a yearon- year increase of 27.6 per cent. The China Association of Automobile Manufacturers reported that sales of domestically […]
DaimlerChrysler has decided to extend its joint venture with Beijing Jeep for another 30 years, the Financial Times said. The USGerman auto giant intends to invest around US$226m over coming years to finance the production of a series of new models. Plans are also well advanced to secure a licence from the Chinese government to […]
Japan’s largest car maker Toyota is in negotiations with First Automobile Works (FAW) to build a new factory to produce a luxury car for the Chinese market, Reuters reported. The new car would replace FAW’s Hongqi (Red Flag) model currently produced at its works in Changchun, Jilin province. The new factory would be in Tianjin, […]