CHTC (China Hi-Tech Group Corporation) and South Korea’s Tata Daewoo has recently signed a memorandum of understanding in Beijing on jointly building commercial vehicles in China. The pair aims to release their first products in the second half of 2014. According to SASAC, the government agency supervising state-owned assets, the cooperation project will start by … Read more →

The project to build Saabs in Qingdao, announced earlier this month, has met with wide skepticism. While setting an ambitious goal of rolling out 400,000 Saab cars a year, including both traditional and electric models, the agreement reached between NEVS (National Electric Vehicle Sweden) and the city of Qingdao did not address any of the … Read more →

Qingdao Qingbo Investment Co. Ltd., State Power Group Co. Ltd. and its Swedish branch signed an agreement on January 7 to build Saab cars in Qingdao, Shandong, according to the city’s newspaper, Qingdao Daily. State Power Group Co. Ltd., based in Beijing, is a sister company of National Electric Vehicle Sweden AB (NEVS), which bought … Read more →

Delphi Automotive, a world-leading auto parts manufacturer, laid the foundation stone of its new plant in Yantai for producing diesel engine management systems. Initial investment amounts to US$100 million. Production is to begin in late 2013. The plant will be an expansion of Delphi’s manufacturing base in the Fushan district of Yantai, Shandong, which currently … Read more →

A group of Chinese companies led by Hebei Lingyun Industrial Group, a subsidiary of Norinco (China North Industries Group Corporation), acquired 100% stake in Germany’s Kiekert AG, the world’s largest producer of latch systems for passenger cars. According to the agreement signed in Beijing on March 13, Lingyun will have a controlling, 55% stake in … Read more →

Car drivers in China are going to have an alternative to the popular GPS for finding roads next year, when the Compass (Beidou) satellite navigation system will be able to cover the whole Asia Pacific and begin to serve civilian users, said Jiadong Sun, chief engineer of the Compass system. Comprising 7 satellites, the current … Read more →

Xuzhou Construction Machinery Group (XCMG), the largest manufacturer of construction machinery in China, broken ground on its heavy-duty truck project on Jan. 18 in Xuzhou High-Tech Industrial Development Zone. 11.9 billion Yuan will be spent, in two stages, to build a manufacturing base that can churn out 100,000 trucks, 150,000 transmissions, 100,000 engines, and 300,000 … Read more →