"Fear consumption" drives market demand in 2013
China's automobile sales in the first 11 months reached 19.86 million units, surpassing those of the entire 2012, according to the latest statistics released by the China Association of Automobile Manufacturers (CAAM).
CHONGQING – Bosal Group’s first plant in China went into operation in Chongqing, a city in western China, on November 6, reported Chinanews.
Fuyao Group, a large glass manufacturer of China, plans to establish automotive glass plants in Russia and the U.S., reported Shanghai Securities News.
BEIJING – China sold 61,400 units of heavy-duty trucks (including trailers) in October, a minor decrease of 4.
SHANGHAI – SAIC plans to launch the Roewe 550 plug-in hybrid version to the market, said Jiang Jun, vice president of SAIC PV Co., in an interview with media recently.
The first county-level intercity electric bus charging station is under construction in Laixi county under the Qingdao administration, reported Qingdao Business Daily.
WUHAN, Hubei – Mergers and acquisitions, including cross-border transactions, are inevitable in the Chinese auto industry but they are only a tactic, not a strategy, according to Jay Kunkel, president of Asia Pacific for U.S. automotive supplier Lear Corp.