The automobile industry has officially become the latest battleground for China's three Internet giants after Tencent Holdings Ltd announced a foray into smart cars. The owner of China's most widely used instant messaging app WeChat has ...
Tags: Auto Market, Automobile Industry
Hyundai Motor, South Korea's Number One automaker, is expected to speed up a strategy of "localization " by expanding its production capacity in China after China-South Korea free trade agreement (FTA) is implemented. China and South ...
China's auto industry saw total sales drop by 0.22 percent to 1.59 million units in February, the first year-on-year drop in two years, data from an industry association showed Tuesday. Sales of passenger cars increased 6.42 percent ...
Tags: auto industry, passenger cars
Japanese automaker Mazda Motor is planning to sell only diesel-powered models of the new CX-3 compact crossover in Japan. Reuters cited Mazda CEO Masamichi Kogai as saying that improved power offered by diesel engines are selling point of ...
Tags: Mazda Motor, Diesel
With 'wildfire' growth over, many production lines idle Overcapacity is proving to be a headache for automakers in China as sales slow in the world's largest auto market, said analysts and industry insiders. Though 23.5 million vehicles ...
Tags: Auto Market, Overcapacity
As the world's biggest auto market in 2014, China's auto sales continued to expand to strengthen its position. With 23.49 million units sold approximately, a year on year increase of 6.9 percent, the auto sector seemed to play a big role in ...
Tags: auto market, auto sales
China auto sales in 2014 reached 23.5 units, increasing 6.86% on year and setting a new record. China ranks first in global auto sales in the past 6 years. And about 19.7 million units were passenger cars, up 9.9 percent, according to a ...
Tags: Auto Market, passenger car
Foreign automakers in China may struggle to dictate sales goals in the future after dealers complained to the government that inflexible targets set during a market boom obliged them to buy too much stock and bear the brunt of a drop in ...
Tags: auto market, carmakers
Boston Power, a provider of next generation electric vehicle battery design and production, has secured USD $290 million in local government financial support for the expansion of its two facilities in China. The company's Liyang facility ...
China could overtake Germany and Italy to become the biggest market for Daimler AG's mini car brand Smart in a few years, Smart chief executive Annette Winkler said on Saturday. China’s premium car market, currently dominated by ...
Tags: Smart, premium car, Audi
The Associated Press reported that growth in China's car sales slowed again in September while the country's own auto brands increased their market share slightly. According to The China Association of Automobile Manufacturers, sales of ...
Tags: Passenger Vehicle, car sales
Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said. "Personally, I think growth this year can reach 7 percent," Dong Yang, ...
Tags: auto market, Automobile
More than 24 million vehicles will be sold this year in the world's largest auto market, the China Association of Automobile Manufacturers (CAAM) has forecast. China's vehicle output is also expected to top 24 million units this year, ...
Tags: vehicles, auto market
Russia's auto market shows no signs of improving in the next two years, having been hit by an economic slowdown and the weak rouble, according to media reports. Sanctions over Ukraine have hurt the Russian economy, hitting car sales to a ...
Tags: Russian, Demand, Metallurgy
On August 29, 2014, Weichai Power released its sales report of half a year: the operating receipt of Weichai Power registered 341.11 billion yuan, up by 10.32% year on year and the net profit was 37.65 billion yuan, up by 80.57% year on ...
Tags: Weichai Power, heavy duty vehicles