Industry

Chinese car brands to overtake Japanese counterparts in two years: Li Shufu

Chinese car brands have surpassed South Korean counterparts, and will overtake Japanese peers over the next two years, said Geely Chairman Li Shufu.

Report says rapid growth will see 170,000 vehicles in service by 2020

Car-sharing services will see fast growth in China in coming years, and the fleets of such service providers are expected to reach a collective 170,000 cars by 2020.

Premium cars jump on the bandwagon

German premium carmakers like Audi, BMW and Daimler have been conducting trials of time share services in China, hoping to get a head start in this segment.

Who Will be Target of CCTV's 2017 '3.15' Special?

Finance, automotive, e-commerce, logistics, and tourism industries will be the most likely target of this year's CCTV "3.15" TV special.

Rise in call for 'cars to the countryside' policy

The China Automobile Dealers Association (CADA) is calling for the re-launch of the "cars to the countryside" policy, expected to drive vehicle sales.

Urumqi promotes electric vehicles to ease power overcapacity

City authorities in Urumqi are encouraging citizens and public service sectors to use electric vehicles to curb pollution and ease overcapacity in the power industry.

Survey shows dealerships may face slower sales growth in 2017

A survey of over 1,400 dealerships shows that only 17 percent think they will be profitable this year, while 77 percent believe they will make ends meet and 6 percent say they will lose money.

New plan to boost battery production

China is set to encourage domestic electric car battery manufacturers to expand their production scale, following the introduction of a new action plan for the industry in Beijing on Thursday.

Companies

BMW Brilliance Feb. sales soar 107 pct

BMW Brilliance Automotive Ltd. saw its February sales rise 107.7 percent to 27,210 vehicles. Next, the company will introduce two new cars to maintain the growth momentum.

Beijing Benz to expand annual engine capacity to 750,000 units

Beijing Benz Automotive Co., Ltd. plans to increase its annual engine production capacity to 750,000 units and vehicle production capacity to 500,000 cars by 2020.

Sinomach to tap into new energy vehicle sector

Sinomach Automobile Co., Ltd. plans to set up a new-energy vehicle company with a designed capacity of 100,000 cars in partnership with affiliated parties.

BAIC building new-energy vehicle base in Chongqing

BAIC Jiaqing (Chongqing) New-Energy Vehicle Technology Company is building a new facility with a designed annual production capacity of 300,000 new-energy cars at Fuling New District, Chongqing.

Chinese automaker FAW sees robust sales growth

FAW Group's wholesale volume of various vehicles rose 21 percent year on year to 552,000 units in the first two months of this year.

Email: lansuying@nbd.com.cn