Business / Latest Motoring News

Lexus powers ahead with uniquely Eastern dynamic balance

[2016-09-05 10:44]

With its robust sales out-pacing its competitors, Toyota Motor's luxury arm Lexus is now gearing up to write a new chapter in China, with a unique business philosophy that focuses more on quality than volume.

Volvo Cars reports sales up 8.7% in August

[2016-09-03 13:57]

Volvo Cars continued its global sales momentum last month, posting an 8.7 percent of sales growth in August compared to the same month in 2015. It was its 15th consecutive month of growth.

Garbage-truck maker 'on list to get permits'

[2016-09-01 10:20]

A garbage-truck maker and a sports-car startup are the top candidates to receive permits to manufacture electric vehicles in China as part of the government's push to encourage innovation in the auto industry.

EV startups face wipeout by new rules

[2016-09-01 08:28]

China's electric-vehicle industry, with 200-plus companies backed by a raft of billionaires, verges on a massive shakeout as the government imposes stricter technology standards on fledgling manufacturers and considers limiting their number to only 10.

Didi strengthens ties with taxi firms

[2016-09-01 07:41]

Didi had signed a strategic partnership agreement with nearly 50 taxi companies from more than 10 cities.

BYD electric cars rev up earnings by 384% in first half

[2016-08-30 07:17]

BYD Co Ltd, a major Chinese new energy vehicle manufacturer, posted a first-half profit increase of 384 percent to 2.26 billion yuan ($342 million) compared to the same period last year, mainly due to the increase in its new energy vehicle business.

Geely Vision X6 SUV launches the market

[2016-08-29 16:48]

Geely Auto has revealed another compact sport utility vehicle -- the Vision X6, a sister to the Emgrand Boyue, but priced a bit lower -- at a special event it held in 100 cities across the country, on Aug 28.

SUVs to star at huge Chendgu auto show

[2016-08-29 10:39]

Alongside the usual array of supercars, a drive towards larger exhibition areas and more sport utility vehicles may dominate this year's Chengdu Motor Show, the largest and most influential of its kind in western China.

VW in $1.2b deal to compensate US dealers

[2016-08-29 10:26]

Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 US dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday.

Uncertainty stalls growth of online car sales

[2016-08-29 10:17]

Auto business websites continued joining the race last week in Beijing, just days after one of their leading peers suddenly stopped operating.

Nanjing car dealer's rumor is more than a farce

[2016-08-29 10:14]

In Chinese market, it is common for carmakers to set a sales target and demand that car dealers buy them first no matter they have customers waiting in line or have to put them in stock for months.

Audi gears up to stay ahead of the pack

[2016-08-29 09:54]

Audi is confident of a rebound this year and it is pinning high hopes on its upcoming models, with plans to build on record growth in the Chinese market in the first seven months by increasing investment.

New energy sector set for stringent stimulus measures

[2016-08-29 09:45]

China is set to introduce a range of financial stimuli aimed at encouraging competitive new energy carmakers in another move designed to ensure the sustainable growth of the country's fast growing yet chaotic sector.

Auto veteran leads startup for mass-market e-car

[2016-08-29 07:31]

A former top executive behind China's biggest acquisition of an overseas carmaker is setting out to make history twice, raising $1 billion in an initial fundraising round as the latest homegrown electric vehicle startup to challenge Tesla Motors Inc.

BMW opens traffic safety education center for children

[2016-08-26 16:53]

Northeast China's first permanent children's traffic safety education center, supported by BMW, opened last week in Liaoning province.

Intelligent driving startup Jidou raises 53 million yuan

[2016-08-25 13:42]

Shanghai-based technology startup Jidouauto.com raised 53 million yuan ($7.97 million) from investors, and is expected to seek a more than 10 percent share in the automotive aftermarket within 2 years, according to the company's founder Wang Yifei.

Tesla's top range a 'game changer'

[2016-08-25 08:05]

Tesla Motors Inc crowned itself the maker of the world's fastest production car on Tuesday, saying a new version of its Model S all-electric sedan can accelerate from 0-97 kilometers per hour in just 2-1/2 seconds.

CAR drives up H1 net earnings

[2016-08-25 07:37]

Despite posting a roaring 161 percent year-on-year profit growth in its half year financial report on Tuesday, China's biggest auto rental company CAR Inc may not in the mood to pop the Champagne and celebrate just yet over its booming business.

Gree boosts tech, buys NEV maker

[2016-08-24 07:18]

Major Chinese home appliances and air conditioner maker Gree Electric Appliances Inc announced on Tuesday it will buy all the shares of a new-energy vehicle manufacturer, in a strategic move aimed at diversifying its business base.

China's Didi enters car leasing business

[2016-08-23 07:53]

China's ride-hailing firm Didi announced Monday that it is launching car leasing business

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