China's automobile maker JAC Motors on Oct 7 announced it will invest $500 million in its first overseas plant, which will be located in Brazil's northern state of Bahia.
Great Wall Motor Co Ltd, China's top manufacturer of sport utility vehicles and pick-up trucks, will not appeal an Italian court ruling that its GW Peri compact infringes Fiat's patent, saying the ruling would have no impact on it.
In today's competitive automobile market, through consumer protection laws are the best way by which the government can defend the needs of customers. Earlier this month, the General Administration of Quality Supervision, Inspection and Quarantine made an announcement pointing out recent accidents with the Camry, Reiz and imported Prado, among other Toyota models. According to the AQSIQ, there have been several cases of wheel axles fracturing, brakes failing and loss of steering control, leading to both personal injuries and property damage. The news comes less than a year before the million vehicle recall Toyota previously made in the country.
Great Wall Motor, one of China's model home-grown brands, has signed a strategic partnership agreement with leading worldwide automotive industry parts supplier BorgWarner. The signing ceremony was held at Great Wall's technology center.
Daimler and BYD's new joint-developed pure electric vehicle platform will make its debut at next April's Auto China exhibition in Beijing, sources reported on Oct 9. The news comes straight from Daimler Group CEO Dieter Zetsche, who added that the company has no similar plans to develop electric vehicle technology with any other Chinese manufacturer. He stressed that no other manufacturer had a mature EV program, which is why BYD was a natural choice for Daimler.
Fujian Daimler Automotive Co Ltd, a joint venture between Germany-based Daimler AG with Fujian Motors Group and China Motor Corp, has introduced its new multi-purpose vehicle or MPV model Sprinter in Fuzhou, capital of Fujian Province to attract higher end consumers in China.
Efforts by major Chinese cities to join the global drive of World Car Free Day on Sept 22 failed to impress motorists.
BYD Co Ltd, the Chinese automaker backed by US billionaire Warren Buffett surged more than 40 percent on its Shenzhen debut, as investors bet on a strong outlook for the company's fledgling electric cars business.
As a one-site mode supplier of cell phones, BYD manufactures various excellent cell phone components. As the leading ODM supplier relying on vertical integration developing mode, BYD provides all-around service including product design, manufacturing, testing, assembly and after sale service.
Mr Wang Chuan-fu is Executive Chairman of the Board, President, Chief Executive Officer of BYD Company Limited. Mr Wang was appointed as an Executive Director and Chairman of the board of directors with effect from 11 June 2002.
Passenger vehicle sales are well on the road to recovery, after stalling in April and May, with 5.3 percent year-on-year growth in the first six months of 2011.
Chinese car maker BYD Co Ltd, backed by US billionaire Warren Buffett, said on Wednesday that it sold 32,515 cars in June, down 8 percent from the same month last year.
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