Business / Auto China

Carmakers urged to work closely with dealers

[2015-07-27 11:17]

As China's auto sales slow, the nation's chamber of commerce that represents car dealers called for better cooperation from automakers to stem the industrywide slump.

New Lotus car rolls out with SUV on the way

[2015-07-25 15:14]

Car manufacturer Lotus added Exige S AT to its "track monster" series in Beijing, with the automatic model now available for orders in both roadster and coupe versions and announced its local manufacturing plan of a SUV model still in blueprint.

Automakers to make fewer cars in China

[2015-07-24 10:27]

Global automakers will manufacture fewer vehicles in China this year than they are able to because of slowing demand in the world's largest auto market.

Toyota delays move to build Lexus in China

[2015-07-23 11:22]

Toyota Motor Corp will likely delay building its premium Lexus brand in China for at least a few years, as growth in China's auto market slows to a crawl and a weak yen makes it cheaper to keep making cars in Japan.

Chinese car rental firm eHi receives $242m in financing

[2015-07-21 13:31]

NYSE-listed Chinese car rental firm eHi Car Services announced on Monday that it had reached a deal with a Chinese policy lender for $241.5 million of funding.

Iconic Cherokee makes its return to Chinese market

[2015-07-20 09:24]

The iconic Jeep Cherokee is changing gears and will once again be produced domestically this year after Guangzhou Automobile Group and Fiat Chrysler Automobiles announced on Thursday that they have partnered to establish GAC Fiat Chrysler Automobiles Sales Co.

Great Wall Motors invests in growing new-energy market

[2015-07-20 09:23]

Great Wall Motors, China's largest SUV manufacturer, announced earlier this month that it will raise a fund of up to 16.8 billion yuan to pay for development of new-energy vehicles.

China's Lifan starts construction of car plant in Russia

[2015-07-18 14:18]

Chinese motorcycle and automobile manufacturer Lifan on Thursday started construction of a production plant in central Russia's Lipetsk.

Car price war launched as sales slow

[2015-07-15 18:02]

Chinese car dealers have launched a price war as their inventories climb amid downward economic pressure.

Driving the high road to success

[2015-07-14 07:31]

State-owned GAC Motor Co Ltd, a division of Guangzhou Automobile Group Co Ltd, continued to expand its global presence amid a slowdown in the export of domestically made vehicles during the first five months of the year.

Premium carmakers vow greater support for dealers

[2015-07-13 09:50]

Premium carmakers BMW and Jaguar Land Rover have pledged greater support for their Chinese dealers after recent meetings, including a range of measures.

China's Didi Kuaidi raises $2b, boosting cash reserves

[2015-07-08 14:31]

China's homegrown taxi-hailing service Didi Kuaidi announced it has raised $2 billion since starting fundraising two weeks ago, boosting its cash reserves.

Uber adjusts business model to drive success in China

[2015-07-06 13:27]

Uber is planning to set up a Chinese company after police raids at local offices of the controversial ride-booking service provider.

New rules may fuel construction of electric charging posts

[2015-07-06 13:26]

New properties being built in Shanghai are now required to include some electric car charging facilities. A similar regulation is waiting for approval in Guangzhou and Beijing.

Lamborghini sets ambitious goals amid slowing market

[2015-07-06 13:25]

After several years of rapid growth, China, the world's fifth largest super luxury sports car market, is slowing down.

Chinese car buyers now more satisfied with purchases than last year

[2015-07-03 17:33]

Chinese customers are more satisfied with their car purchases than they were a year ago, according to a J.D. Power report.

VW will roll out budget cars in China

[2015-07-03 13:20]

Volkswagen plans to launch a line of budget cars in China and possibly in other countries in 2018, chief executive Martin Winterkorn said.

BMW supports dealers to enhance business performance in H2

[2015-07-01 17:30]

The investors acknowledged the effective measures BMW had taken to cope with the market fluctuations in the first half of this year, and expressed their constructive suggestion regarding the second half-year target for steady growth.

Great Wall to slash prices on SUVs

[2015-07-01 10:08]

Domestic carmaker Great Wall Motors announced price slashes of up to 6,000 yuan for its Hover H2 and H6 sports editions.

Qoros hinting at revitalizing image in Chinese market

[2015-06-29 09:25]

Qoros is planning to renew its image and reposition itself in the Chinese market.