Archive for October, 2010
China Auto Sales Slow
Statistics for September’s sales were late out due to the week long break in China, however sales results that were leaked out earlier this month show that sales have risen but much slower than expected. Industry experts are still aiming for the end of year sales results of 17 million car sales, which will equal [...]
Ford first three quarter sales up
Ford Motor China today announced sales of 132,976 sales for the third quarter, which gave it yearly sales of 419,073 units sold in China from January to September – an impressive increase of 40% over the same period in 2009. Sales for September alone reached 50,970 units, a year on year increase of 26%. Ford [...]
Are PSA worried about handing over EV and battery tech to Dongfeng?
Several weeks ago, it was reported that foreign automakers are reportedly upset at what they see as Beijing forcing technology transfers upon them if they want to access the lucrative market. Now it appears that PSA are joining the ranks of the worried according to Bloomberg: PSA Peugeot Citroen may shelve plans to sell hybrid [...]
China splashed out 510 million Yuan in cash for clunkers and automotive subsidies
The Chinese cash for clunkers, or Scrappage Scheme, has cost the Central Government 510 million RMB so far according to official data released over the weekend. Around 36,000 clunkers were traded in for new vehicles according to the Ministry of Commerce in September, which is a 50% increase over August’s figures. In the first 9 [...]
TomTom and Autonavi sign joint venture agreement
TomTom have wished to enter the Chinese market for a long time, however, digital mapping and GPS industry remains a secretive one even in modern day China. Autonavi is a Chinese company that have excelled in the area and are currently supplying GPS systems to various automakers in China including Audi, Mercedes Benz, Honda, BMW, [...]
Beijing Hyundai to launch hatchback Verna in November
The Hyundai Verna sedan was launched in China last month to replace the Hyundai Accent, although in other markets the Accent name is still used. The Verna hatch will actually have its world launch in Beijing, which shows that China is now an extremely important market for Hyundai. They entered the market as a fairly [...]
Guangzhou Auto developing new car based on last generation Honda City
Guangzhou Auto is a relative new comer to the self developed sedan market, for years it has preferred to work with its joint venture partners in Honda and Toyota and more recently Fiat, than work on its own car line up. Something changed at Guangzhou Auto in the past three years where a light suddenly [...]
Riich Z5 to launch at end of year? Spy pics reveal it yet again
The Riich Z5 may have been on China Car Times several times before, but this is the first time that is has been shown in all its glory sans camouflage. The Z5 was initially going to be under the Chery brand, but with Chery launching a new luxury brand, Riich, it was obvious the Z5 [...]
The week in review – Geely to sell in Europe, luxury car sales still sky high, VW to attack India, Hyundai doing well etc.
As CCT was on vacation from 1st October to the 7th, we didn’t do much news posting during that time as we were busy enjoying the fragrant air in Nanjing, Hangzhou and Wuxi so here’s a round up of Chinese automotive events over the past 7 days. Hyundai sets new monthly sales record in China [...]
Beijing holiday traffic up 47% over last year
Visiting Beijing during the National Day Holiday where Beijing has its glad rags on is a right of passage for many Chinese, for most it is a first time trip to the nations capital, although it can quickly turn into an inch by inch holiday especially if you travel by car into the capital. 149 [...]
Happy Birthday, China!
Today is October 1st (at least on Beijing time!) and this means that is National Day. 61 years ago Mao Ze Dong stood above Tiananmen Square and announced the founding of a newer, stronger China. Whilst last years 60th anniversary of the new China was a large event with multiple parades, this years 61st seems [...]
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