As Peugeot are planning to up their market share to 8% of the Chinese market, they are going to need some new models. Their current Chinese model is entirely made up of hatchbacks, and then sedans which are essentially notchback versions of the hatches, although Peugeot have stated before that they do plan to build some China only models which will take in various Chinese ideas and styles for the local market. Peugeot is currently lacking a crossover model in a market where crossover and compact SUV’s are king, hence …
Reuters is currently reporting that the Volvo – Geely deal is going to see Geely build a Volvo plant near Beijing city where it will be able to pump out several thousand Volvo models per year for the Chinese market place, which is where Geely hopes to make the majority of its money back from the Volvo investment. However, the Chinese media are also reporting that Chang’an and Ford are planning to put the Volvo S60 into production via the Chang’an-Ford-Volvo JV, although it is expected to be imported first …
Peugeot clearly have some high hopes for the Chinese market, but it appears that they are planning some major new models such as the Pug 408, and the Pug 3008 crossover, both of which are expected to make a splash this year.
Reuters:
PARIS/BEIJING, Jan 25 (Reuters) – French carmaker PSA Peugeot Citroen (PEUP.PA) wants to grow 30 percent in China this year, with a long-term goal of obtaining an 8 percent share of its booming market by 2016, a senior executive said on Monday.
Several 408 sedans rolled into a cavernous …
From Reuters:
SHANGHAI, Jan 25 (Reuters) – SAIC Motor Corp (600104.SS), China’s biggest automaker, plans to sell its U.K.-made MG cars in Europe at the end of the year as it moves to revive the British vintage brand it took over three years ago.
SAIC, which has had initial success selling its own-brand cars domestically, has joined the rush of Chinese automakers, including Geely Automobile Holdings (0175.HK), hoping to make a name globally.
Assembly of MG-series models, including the MG 6, would begin at its Longbridge plant in England late this year, …
The age of the electric car is about to begin with the help of the Chinese government, so we can expect a massive push of electric cars from the concept stage into the production stage in the next few months.
Growing oil prices are expected to be an even larger push for the Chinese government to in turn push state owned and privately held Chinese car companies to speed up the development and production of electric cars and hybrid models within the next 12 months.
As the Chinese car market matures, consumers …