China Economic ReviewJapan's largest vehicle maker, Toyota, and First Automobile Works of Changchun, Jilin province, announced that they had signed a deal to collaborate on the production of luxury sedans, mini-vehicles and sports utility vehicles in China. The joint venture would aim for production and sales of up to 400,000 vehicles a year by 2010. The two […]
Nissan Motor, Japan's third largest car maker, has signed a US$1bn, 50:50 joint venture with Dongfeng Automobile in Hubei province. By 2006, Dongfeng Motor hopes to sell 200,000 Nissan-branded cars and 330,000 Dongfeng-branded commercial vehicles. According to Nissan's president and chief executive, Carlos Ghosn, the partnership will help turn Dongfeng into a globally competitive automaker […]
Sales of domestically-made passenger cars reached 573,400 units in the period from January to July 2002, 40 per cent higher year-on-year, according to a report by the China National Automotive Industry Consulting and Development Corp. Shanghai Volkswagen achieved the highest sales volume, with 25.7 per cent of the domestic market for sedans, while the highest […]
European electronics giant Philips has agreed to sell its handset research and development centre to the China Electronics Corporation (CEC), eastday.com website reported. CEC will also take a controlling share in Philips' Chinese production base. After the sale, Philips will be in charge of the sales and brand promotion of phones developed and manufactured by […]
China Eastern Communications (Eastcom) has signed an agreement with China Unicom for sales of CDMA handsets, South China Morning Post said. Under the deal, Eastcom's distribution arm, Face One Telecommunications, would buy CDMA handsets from Unicom at wholesale prices and sell them to end-users at around onethird the market rate, provided they subscribed to Unicom's […]