Mitsubishi, GAC Sign Joint Venture MOU, to Build ASX Compact SUV

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On 5 Nov. Guangzhou Automobile Group (GAC) (2238.HK) signed a memorandum of understanding with Mitsubishi Motors Corp (7211.T) on establishing a passenger car joint venture. The new venture, GAC-Mitsubishi, would arise through restructuring the existing Mitsubishi-GAC-Changfeng partnership, GAC Changfeng (600991.SS). The plan, to be further worked out and ratified by the government, looks like a […]

EVS25 Opens in Shenzhen, Showcasing 200+ Clean Fuel Vehicles

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The 25th World Electric Vehicle Symposium and Exposition (EVS25) opens in the southern Chinese city Shenzhen today. Calling for a "sustainable mobility revolution," the five-day event (5-9 Nov.) will examine latest developments in clean transportation through conferences and exhibitions. Test drive opportunities will also be provided. More than 350 companies around the globe will showcase […]

All-New Changan CX20 Supermini Goes on Sale

Described as an affordable small family car that brings the benefits of a sedan, SUV, and MPV, the CX20 went on sale Wednesday with prices ranging between 49,900 and 70,900 yuan. Six editions are available, all powered by a 1.3-liter developing 63kW/6000rpm and 110Nm/3000-4000rpm. This JL474QL engine is a slightly modified version of the one […]

BYD to Miss 2010 Sales Target by 1/6

Despite the recent sales pitch from Warren Buffett (see article), BYD cars are slow to move off the lot. Against market trend, sales slipped 13% year-on-year in October to 40,578 units, after diving 25% to 33,085 units in September. In the first ten months, 426,800 BYD cars were sold. This means the company has to […]

Foday Explorer 6 Gets 4 Engine Options and 4WD

The re-designed Explorer SUV from Guangdong FODAY Automobile Co., LTD went on sale on October 27, succeeding Explorer 2 and 3. Five models and four engine options of 2.0L, 2.2L and 2.8L are presented. Prices to start from 89,800 yuan. Still based on a platform giving rise to Mitsubishi Pajero, the five-door, seven-seat Explorer 6 […]

Geely CK Gets Zero-Star Latin-NCAP Rating

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The newly-founded Latin-NCAP released first crash-test results on October 18. Nine cars, from Chevy, Fiat, Geely, Peugeot, Toyota, VW, were rated for adult and child occupant. A 2009 1.3-liter Geely CK 1 earned the only zero-star given out for its 1.06 points on protecting adult occupants in front seats. The tested four-door Geely subcompact came […]

Abandoning “Chana,” Changan Revamps Visual Identify

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Changan Auto Group, the fourth largest automaker in China, unveiled four new emblems today at Beijing’s Water Cube, deserting the "Chana" designs. (below: the new Changan passenger car logo) The current shield-shaped passenger car logo will be replaced by a "V" representation, signifying "victory" and "value." The CX20, to be released on the coming Wednesday, […]

Toyota Partners with CATARC on Prius PHEV Trials in China

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Toyota signed an agreement with China Automotive Technology and Research Center (CATARC) on October 28 on jointly carrying out field trials of the Prius plug-in hybrid electric vehicle (PHEV) in China. To prepare for the 2012 release of the plug-in Prius, Toyota has been testing pre-production models in its major markets including Japan, the US, […]

Honda Crosstour Hits Chinese Showrooms

GAC-Honda officially launched the Accord crossover today in Shanghai. Marketed as a "luxury" sports coupe-crossover, the Chinese-made Crosstour is available in two 2WD trims, "Premium" and "Flagship," which sell for nearly twice as much–at 398,800 and 428,800 yuan, respectively–as the North American versions (EX 2WD and EX-L 2WD). The North American 4WD versions are not […]

Geely Releases All-New Emgrand Mid-Size Sedan: EC8

EC8, the second Emgrand model from Geely, hits the market on Friday. Assured by but unsatisfied with the moderate success of the EC7 compact, Geely looks for a breakthrough with the all new mid-size sedan, which was debuted at 2009 Shanghai Auto Show. While priced below the Corolla from FAW-Toyota, between 105,800-159,800 yuan, EC8 is […]

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

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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 […]