Foton and Daimler in Truck Joint Venture

At a ceremony held in Beijing and attended by both Chinese and German Premiers today, the partnership of Beiqi Foton, the commercial vehicle subsidiary of Beijing Automotive Industry Holding Co. (BAIC), and Daimler AG finally received official blessing. Daimler and BAIC already have a passenger car joint venture which produces Mercedes-Benz cars. In the past […]

FAW-VW Releases Passat CC


FAW-VW, the joint venture of First Auto Works and Volkswagen, held a grand ceremony in Shanghai today for the official release of the CC, or Comfort Coupe. The most important new model from FAW-VW this year, the CC is basically an enlarged, luxurious coupe version of the six generation Passat, which is built and marketed […]

SAIC Reduces Stake in Ssangyong to 3.79%

Update on August 31: By the end of August 2010, SAIC had given up all its stake in Sssangyong. July 15: As bidders compete to own Ssangyong, Shanghai Automotive Industry Corporation (SAIC), the former majority shareholder, cuts its stake in the troubled Korean automaker to 3.79%. SAIC bought 51.3% of Ssangyong in late 2004, but […]

Upcoming Releases: 2011 Sportage (SL) from Dongfeng-Yueda-Kia


Dongfeng-Yueda-Kia (DYK), Kia’s China venture in partnership with Dongfeng Motor and Jiangsu Yueda Group, will release the third generation Kia Sportage compact SUV, called "SL" in China, this October. The existing, second generation, however, will not be replaced; it will continue to be made and marketed under the name "Sportage." SL has the same wheelbase […]

Upcoming Releases: Jiangling N350 (Yusheng)


The N350 mid-size SUV, to be released in the coming October, will be the first model coming out of Jiangling Motors Co.’s (JMC’s) own passenger vehicle division. To be called Yusheng in Chinese, N350 will bear an all-new marque, distinct from the one for JMC commercial vehicles as well as "Landwind," the nameplate for passenger […]

Mitsubishi’s New Global Small Car to be Built in Thailand, and then China


Osamu Masuko, President of Mitsubishi Motors, confirmed last week that China will join Thailand to have a "Global Small" car production base. Development of the supermini eco-car is expected to complete next year, and production in Mitsubishi’s new plant in Thailand will start in late 2011 or 2012. The Thailand base has a planned annual […]

Best Sellers in June

China Association of Automobile Manufacturers (CAAM): New vehicle sales totaled 1.41 million units in June, up 23.48% year-on-year but down 1.83% from May. In the first six months of this year, auto sales increased 47.7% year-on-year to 9.01 million units. 1.04 million passenger cars were sold in June, including 704,900 sedans (up 10.04% from year-earlier […]

Dongfeng Peugeot Citroen H1 Sales Reached 175,000 Units, Revenues Up 85%

Dongfeng Peugeot Citroen, the joint venture of Dongfeng Motor and PSA, has reported a 85% jump in first-half revenues from a year ago to 17.85 billion yuan, or 2.63 billion US dollars. New vehicles sales in the first six months reached 175,000 units, up 49% year-on-year. Citroen H1 sales increased 62.37% from year-earlier level to […]

4 Chinese Auto Companies Made the Fortune 500 List

Fortune Magazine included four Chinese automakers into its 2010 list of the world’s largest companies, measured by revenues. Dongfeng Motor, the best-ranked among the four, comes the 182nd with revenues of 39,402 million US dollars. A total of 54 Chinese firms made the list, 43 of them from mainland China. Three energy giants rank among […]

Chang’an and PSA Agree on China Joint Venture

Chang’an, the fourth largest Chinese automaker, and France’s PSA Peugeot Citroen signed a contract today in Paris to establish a joint venture for manufacturing and marketing passenger and light-duty commercial vehicles in China. The new company, to be based in Shenzhen, will be equally owned by the two sides. If ratified by the Chinese government, […]

BYD Sales to Miss Target by a Wide Margin

At the beginning of this year, BYD Auto set the goal of doubling its 2009 sales to 0.8 million units in 2010, confident that the astounding growth–more than 100% year-on-year–it had enjoyed in the past few years will continue. Yet, the overall market has been slowing down in the past three months, and BYD has […]

Upcoming Releases: SAIC Roewe W5


While running highly profitable ventures in partnership with Volkswagen and General Motors, Shanghai Automotive Industry Corporation (SAIC) has been committed to building up its own capability in recent years. It bought MG and launched Roewe. Towards the end of this year, its first SUV model, currently named W5, will hit the market under the Roewe […]

Upcoming Releases: JAC Yueyue Supermini


Known in the past mainly for its light-duty trucks and buses as well as the Refine (Ruifeng) MPV, Jianghuai Automobile Co. Ltd. (JAC) has become a first-tier passenger-car maker in China in just a few years. In the first five months of this year, it sold 191,700 sedans and MPVs, surpassing Geely, Chang’an-Ford-Mazda, GAC Toyota, […]

Shanghai Volkswagen H1 Sales Up 40%, Skoda Soaring

Shanghai Volkswagen, one of VW’s two passenger car ventures in China (the other being FAW VW), announced yesterday that new vehicle sales in the first half of 2010 increased 39.8% from a year ago to 447,008 units. June sales increased 27.7% year-on-year to 83,066 units, with Lavida delivering 21,305, Passat Lingyu (Passat B5) 12,650, and […]