BYD Q3 Profit Plunges 99%

Report released today by BYD Co., Ltd. (01211.HK), parent of BYD Auto, shows a steep decline in its third quarter profit. Compared with Q3 2009, its net profit fell 99% to mere 11.34 million yuan, or $1.7 million, in Q3 this year, far short of the JPMorgan Chase forecast of 522 million yuan, while revenues […]

Shanghai-GM: Chevrolet Sails to Chile and Libya


The first batch of Chevrolet Sail supermini for overseas markets left the coast of Yantai, Shandong, on October 21, marking the beginning for Shanghai GM to mass export locally developed and built GM-brand cars. The passenger car joint venture of SAIC and General Motors said that it has received initial order for close to 10,000 […]

Hyundai Picks Sichuan Nanjun for Commercial Vehicle Joint Venture


On October 21, Hyundai Motor Company signed agreements with Sichuan Nanjun Automobile Co., Ltd. and its home city, Ziyang, Sichuan, on setting up a commercial vehicle joint venture, Sichuan Hyundai Motor Co., Ltd. The new company, to be equally owned by Hyundai and Nanjun, will receive 3 billion yuan investment. Through retooling and upgrading Nanjun’s […]

SAIC Unveils MG6 Saloon at Shanghai Expo


Before being dismantled soon, the British Pavilion at Shanghai Expo was put to good use on Monday. At the last news conference held there, Shanghai Automotive Industry Corporation (SAIC) debuted the MG6 Saloon, a latest fruit of Anglo-Sino collaboration. The World Expo has long ceased to introduce exciting new products, and the launch of MG6 […]

Great Wall Launches Diesel-2.0T Haval H5


Great Wall Haval H5, a best selling mid-size SUV in China, gets a new engine option: the diesel 2.0L Turbo–GW4D20. Journalists were invited to test drive the 2.0T H5 in the Gobi desert of Inner Mongolia at an event held on October 15 to mark its official release. The 2.0L, 4-cylinder, DOHC GW4D20 features Delphi’s […]

Hafei Saibao EV: The First Chinese-made Car to Be Sold in the U.S.?


After years of failed attempts, Chinese-made cars seem finally coming to American highways–and they are all-electric! They will be sold under an American brand, though. Later this year, the California-based EV venture, CODA Automotive, is to sell in its home state a Hafei-built, all-electric sedan, the American version of Saibao EV. The gasoline-powered Saibao, first […]

Best Selling Sedans and SUVs in September

=”534″ align=”center” border=”1″ cellpadding=”0″ cellspacing=”0″> Top 10 best-selling sedans Top 10 best-selling SUVs Rank Models Makes Units Rank Models Makes Units 1 Excelle Buick 22,600 1 CRV Honda 13,400 2 Elantra-Yuedong Hyundai 22,100 2 Haval series Great Wall 12,400 3 Lavida VW 20,800 3 Tiguan VW 9,600 4 Santana VW 20,700 4 IX 35 Hyundai […]

Zotye Releases Chinese-made Multipla–Longyue


Zotye Auto released the Multipla-derived Longyue today at Hangzhou Auto Show, which replaces the oddly named "Mutiplan." From late 2008, the Fiat Multipla 2 compact MPV had been assembled from KD kits in Zotye’s Changsha factory in Hunan Province, and marketed in China under the name "Mutiplan." Longyue, while retaining all basic features of Mutiplan, […]

Chinese Auto Sales Increased 17% in September to 1.56 Million

September has been called the "golden month" for selling cars in China. This year it did not fail to shine. Data released today by China Association of Automobile Manufacturers (CAAM) show that automakers in China sold 1.5567 million new vehicles in September (including exports), up 16.89% from a year ago and 17.73% from August. Production […]

China Became Skoda’s Largest Market


Three short years after Shanghai-Volkswagen released the first Skoda car in China, an Octavia, the country has become the Czech automaker’s largest market, accounting for over 23% of its worldwide sales so far this year. The three Skoda models currently built in China–Octavia, Superb, and Fabia–delivered a total of 83,234 units in the first half […]

September Sales: Shanghai-GM, Shanghai-VW (Skoda), Hyundai-Kia, Chery

New vehicle sales at Shanghai GM rose 41% year-on-year last month to 100,825 units, hitting a record monthly high. For the first three quarters, the joint venture sold 742,176 cars, surpassing last year’s annual sales of 727,000. In September, Buick delivered 57,948 units (LaCrosse 10,339, Regal 7,669, Excelle 22,607), Chevrolet 40,860 (Cruze 17,264), Cadillac 2,017 […]

Geely Plans to Sell Pandas Online through Taobao

We mean the Panda cars. Geely’s PR Chief, Yang, Xueliang, discloses this week that the Chinese automaker has signed an agreement of strategic partnership with Alibaba Group to sell cars online next year. Alibaba Group, based in the same city–of Hangzhou–as Geely, is the largest e-commerce company in China. It provides online trading places (through […]