BAIC in Merger Talks with Zotye

ZotyeAuto

We reported on BAIC (Beijing Automotive Industry Holding Co.)’s IPO plan two days ago. Today we learned that in connection with that plan, a team from BAIC’s passenger car unit is negotiating with Zotye Auto for a merger/acquisition deal. Zotye started to make automobiles only four years ago. It is one of several non-state-owned auto […]

Guangzhou Honda to Increase Capacity by 1/3

Guangzhou Honda, Honda’s joint venture with Guangzhou Automobile Group Co. (GAC), announced today a plan to expand its yearly production capacity from current 360,000 units to 480,000 units in the second half of 2011. It sold 365,600 vehicles last year, reaching full production capacity. Guangzhou Honda currently runs two factories, both located in Guangzhou, the […]

BAIC’s Passenger Vehicle Unit to Go Public

Beijing Automotive Industry Holding Co. (BAIC) is restructuring its passenger car unit in preparation for Hong Kong or Shanghai IPO–an anonymous source inside SAIC confirms. It has been about two years since BAIC first disclosed its plan to go public. Now with its passenger car brand "Beijing" entering final countdown, that plan looks closer to […]

SGMW’s Sedan Project Disclosed

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It may come as a surprise to many that SAIC-General Motors-Wuling Automobile Co. (SGMW), a joint venture of the three companies in its name, built and sold more vehicles than any other automakers in China last year– about 1 million units. One major reason that its logo still looks less familiar than many others is […]

Nissan March, Chery Cowin 1, Chana CX30, Buick ExcelleGT: Four Upcoming New Cars

buickexcelleGT

Nissan March: The fourth generation Nissan March supermini, called Micra outside Asia, is scheduled to hit showrooms in August 2010. Made by Dongfeng Nissan, March in China comes in five trims priced between 70,000-100,000 Yuan. All five trims are powered by 1.5L engines rated at 79kW and 138Nm. Nissan hopes March will outsell its many […]

Shanghai Volkswagen Plans for Skoda Yeti Production in 2011

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Images of Skoda’s Yeti mini SUV, believed to be from a production application for the year 2011 prepared by Shanghai Volkswagen, have been disclosed on several Chinese auto web sites. They provide convincing proof that Yeti will be the fourth Skoda model to have Chinese-made versions. In Europe Yeti shares platform with VW’s Tiguan, which […]

SUV Sales in China More than Doubled in the First Four Months

According to China Passenger Car Association, total new SUV sales increased nearly 118% in the first four months of 2010 from year-earlier level to reach 373,527 units. This compares to the 60.51% increase of total new vehicle sales in the same period this year. For years analysts have been talking about the huge growth potential […]

GAC Made Nearly $4,000 Per Vehicle Sold in the First Quarter

While Shanghai Automotive Industry Corporation (SAIC), among all Chinese auto manufacturers, sold most units and made most money in the first three months of 2010, it was Guangzhou Automobile Group Co. (GAC) that produced and sold most lucrative vehicles. On average, GAC earned a whopping sum of Yuan 25,676, or approximately US dollar 4,000, for […]

Great Wall’s First Notchback Sedan Launched

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On May 18, 2010 Great Wall Motor officially released its first three-box sedan, named Voleex C30 in English or Tengyi C30 in Chinese. Great Wall’s product line mainly consists of SUVs and Pickups. Its two models, Haval M1 and H3, were among the ten best-selling SUVs in China last month. While not the first sedan […]

China’s April Auto Exports Stayed Low

SaudiGreatWall

According to the China Association of Automobile Manufacturers, China exported 39,800 auto vehicles in April 2010. Although representing a 52% increase from the same period 2009, it clearly shows the powerlessness of the native automakers to compete on the global stage. The majority of the exported are commercial vehicles. Passenger cars, including sedans, SUVs and […]

GAC Still Confident about Hong Kong Listing

As many become skeptical because of the long wait, the chief executive of Guangzhou Automobile Group Co., Ltd. (GAC), Zeng, Qinghong, re-assures that its plan to go public is well on track. GAC first submitted its listing application to the Stock Exchange of Hong Kong in January 2010. It originally planned to go public via […]

China Announces Four Key EV Standards

Many expect 2010 to be a milestone year for China’s electric vehicle industry. Several high-speed, all-electric car models will be ready for mass market later this year, some major investment plans have been signed, and the public begin to develop a serious buying interest in EVs. Underlying all these signs are the Chinese government’s regulatory […]

10 Electric Models To Be Released This Year?

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At this year’s Beijing Motor Show, we counted more than 30 models of alternative energy vehicles from all major automakers. Most of them are either pure-electric or plug-in hybrid electric cars. According to Chinese media reports, more than a dozen pure-electric cars are to hit the showrooms this year. We are a bit skeptical about […]