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Archive for May, 2008

Toyota Prius becomes a three wheeler!

Published by Ash June 29th, 2007 in Chinese Car News. 9 Comments

what_the_prius.jpgThe Toyota Prius, the car that made Hybrid vehicles famous across the world has a new competitor in China! QingQi group, a Shandong based company that has a joint venture agreement with Suzuki (and recently, Peugeot) to make motorbikes for the domestic and foreign markets has been busy over the past few weeks and months since we last gave one of their factories a visit on the outskirts of Jinan city (capital city of Shandong province). Click the image on the left for a bigger picture.
We dont have any other information about the Qingqi three wheeled ‘Prius’ - its not on the Qingqi website. Nor do we have any tech specs, other than its a three wheeled Prius clone and looks like it might actually be electric (unless its a 2 stroke engine with a tiny pea shooter tail pipe under the rear bumper.

Even the migrant worker looks a little dazzled by the three wheeled Prius copy!

Nanjing Fiat exports 300 cars to Egypt

Published by Ash June 29th, 2007 in Nanjing Automobile Corporation and Chinese Car News. 0 Comments

Nanjing Fiat is keeping us full of surprises recently, if its not falling out with their JV partners or finding new JV partners, finding engine suppliers and if its not either of those, Fiat are finding ways of making their other toys cheaper. It seems that Nanjing Fiat are planning to supply the Egyptian market with their Chinese markets, initially Fiat will only export 300 Chinese made cars to Egypt as a trial run, but it has plans to export more in the future. We also understand that Fiat plan to export 3,000 Chinese made Fiats to South America over the next few years.

500 million Pounds Sterling for MG?

Published by Ash June 29th, 2007 in Nanjing MG, Shanghai Automotive Industry Corporation, Roewe - Rong Wei, Nanjing Automobile Corporation and Chinese Car News. 0 Comments

We’re hearing odd words today. The Express and Star newspaper from merry olde England are saying that SAIC and Nanjing MG are in cooperation talks which could end up with SAIC taking over a chunk of the Nanjing MG deal for 500 million quid! (thats about three trillion dollars at todays rates! Well, maybe nearer one billion USD!) MG-Rover was originally sold by BMW to the P4 Consortium for a bargain TEN Pounds before going bankrupt, then it was sold onto Nanjing Autos for a bargain 53million Pounds and now SAIC wants to buy in for up to 500 million Pounds. Somebody made some money somewhere along the lines.

The two Chinese car companies that each own a chunk of the collapsed MG Rover are in talks that could lead to a £500 million takeover deal.

Nanjing Automobile Company (NAC), the firm which is restarting production of MG’s at Longbridge this summer, is in talks with bigger rival Shanghai Automotive, which has launched its own version of Rover’s 75 saloon, called the Roewe 750.

Reports from China suggest that the Beijing government is trying to broker a merger between the two.

The leadership, which has a major stake in both businesses, hopes they can jointly relaunch MG and sell cars into Europe and the rest of the world.

It wants them to combine their development, production and marketing efforts as both are marketing cars based on the old Rover 75 saloon.

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