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  • What's News? June 20, 2012 | 0 Comments

    VW and FAW to build China’s largest car testing ground

    FAW–VW is building a car testing ground in Changchun. The ground will occupy 14 square kilometers, the largest of its kind in China. FAW-VW invested RMB 1.3 billion in the new grounds, planned to be completed by 2014. Once completed, the new testing ground will be up to the standards of VW's  facilities in Germany. It  is expected to assist FAW-VW to improve their local R&D capabilities. Source (中文): Tech CNR

  • What's News? June 20, 2012 | 0 Comments

    Geely enters Middle East market

    Geely, China's largest privately owned car company, launched in Kuwait on June 11. The company introduced three types of sedans, the LC/Panda, Emgrand EC-7, and the EC-8. The first batch contained 200 cars, with the company aiming for 1% share of the local auto market in its first year Besides Kuwait, Geely launched new cars in Lebanon on June 6, and set up a branch with its local dealer to sell Gleagle and Emgrand cars. Source (中文): Sina

  • What's News? June 7, 2012 | 0 Comments

    Mercedes Benz sets up China leasing company

    Earlier this week, Mercedes-Benz announced it is setting up a leasing company. The move makes Benz the first high end auto company to operate a leasing service in China. The new leasing company will offer financial leasing services to customers through Benz dealerships. Benz expects the leasing company to support the growth of Benz sales in China. The leasing company will formally start operation from Aug. 1. Source (中文): Sina

  • What's News? June 6, 2012 | 0 Comments

    Volkswagen sets up new China department

    Volkswagen motors announced on Jun. 2 that it would set up a new functional department to handle its China operations, in order to speed up its development in the country. In 2011, Volkswagen sold almost 2.3 million cars in China, accounting for 27.81% of its global sales. Source (中文): Hexun  

  • Cars May 28, 2012 | 0 Comments

    Mercedes Benz on the prey for China’s young

    GLK, part of the Young Benz line

    China will become Mercedes Benz's largest market by 2015. Earlier this month, the company's Executive VP of Sales & Marketing told Chinese media that the company plans to increase sales in the Middle Kingdom by appealing to young(er) consumers. The German car giant will follow what it calls the Young Benz (年轻奔驰) strategy. The strategy's key idea is to offer young (very) low monthly installments for purchases of car models that appeal to young consumers, including the company's A-Class, B-Class, C-Class, GLK, and smart. In addition, Mercedes Benz will shift its focus from the luxury market of China's first tier cities towards less developed cities in the country's interior and west (in Chinese. here).

  • Cars May 21, 2012 | 0 Comments

    China’s “Green Stimulus”: A boost for homegrown auto brands?

    BYD's E6 electric car and a friend

    Sales for automotives from Geely and BYD have lagged so far in 2012, with domestic demand at 15 year lows for the market as a whole. With the struggles of “new energy” hybrids and electrics during recent years well-documented, last week’s announcement of a new year-long policy aimed at boosting domestic consumption of energy efficient autos and other durable goods comes as no surprise. Approximately 6 billion RMB will be set aside altogether, though consumers looking for a new ride will need to purchase a vehicle with an engine smaller than 1.6 liters. But with 2012 an already tough year for Chinese automakers and consumer reception of hybrid and electric cars lukewarm, wider economic tides and industry specific issues continue to dampen demand. Can we expect new government policy to push sales in the next few quarters, or more of the same? ...Read More

  • Cars, M&A, What's News?
    May 18, 2012 | 0 Comments

    Geely’s international adventures not going smoothly… in China.

    Volvo S40... coming soon.

    Geely, China's largest privately-owned car company, is expanding aggressively overseas. Meanwhile, the Chinese sales of Geely's international brand, Volvo, are hit due to supply chain delays on the mainland. Geely plans to invest USD 40 million to build a new factory in Uruguay. The factory will open within six months and its output, Geely cars, will be exported to Argentina. The move aims to circumvent Argentina's import limitations, and allow Geely greater access to that country. As international expansion goes, Geely is the most aggressive of China's auto companies. ...Read More

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