Volkswagen showcases the ID.3 at the Chengdu auto show in August. LI FUSHENG/CHINA DAILY Volkswagen is investing 2.5 billion euros ($2.67 billion) in China as the German car group celebrates its 40th anniversary in the world’s largest vehicle market. The investment will be spent on expanding its production and innovation hub in Hefei, Anhui province, … Continue reading VW to invest $2.67b for expansion of Hefei hub
Tag: vehicles
GM China joint venture sees soaring vehicle export in Q1
Dozens of SAIC-GM-Wuling’s popular Hong Guang MINI EV are shown at an event in Shanghai. [Photo provided to chinadaily.com.cn] NANNING – SAIC-GM-Wuling (SGMW), a joint venture between SAIC Motor, General Motors and Liuzhou Wuling Motors, saw its first quarter (Q1) vehicle exports reach 49,330 units, up 48 percent year-on-year. In March alone, the company, based … Continue reading GM China joint venture sees soaring vehicle export in Q1
Car sales accelerate in March
Employees inspect new energy vehicles on the assembly line of Li Auto’s workshop in Changzhou, Jiangsu province, in December. [CHEN WEI/FOR CHINA DAILY] Many carmakers saw their March sales rise in China, fueled by the popularity of new energy vehicles and amid fierce competition that analysts expect to continue throughout the year. BYD reclaimed its … Continue reading Car sales accelerate in March
Collaboration on safety key to overseas growth
People look at an electric vehicle of Zeekr at the Swedish eCarExpo 2024 in Stockholm, Sweden, on Feb 2, 2024. [Photo/Xinhua] Chinese carmakers are bringing vehicles to European markets “equivalent, or sometimes even better” than those of their global rivals, said a senior official of the European New Car Assessment Program. “Chinese car manufacturers have … Continue reading Collaboration on safety key to overseas growth
Chinese NEV makers encouraged to develop oversea markets: MIIT
Visitors look at an electric MG Cyberster during the 45th Bangkok International Motor Show in Bangkok, Thailand, March 27, 2024. [Photo/Xinhua] The Ministry of Industry and Information Technology, China’s top industry regulator, said in an exclusive interview with China Daily that it will step up efforts to encourage Chinese new energy vehicle enterprises to accelerate … Continue reading Chinese NEV makers encouraged to develop oversea markets: MIIT
China thrives as center of global brand exports
Visitors look at BYD’s electric vehicle “Sealion” during the 45th Bangkok Motor Show in Bangkok, Thailand, March 26, 2024. [Photo/VCG] China is emerging as an important export hub for international carmakers as they rev up efforts to make better use of their manufacturing facilities: either because of competition from local car marques or the country’s … Continue reading China thrives as center of global brand exports
Audi pledges to invest in electric powertrains
An Audi Q6 e-tron. [Photo/CHINA DAILY] German premium carmaker Audi will further embrace electrification thanks to its financial strength even amid technological change and heightened competition, executives said last week. Audi AG, which owns the brands of Bentley, Lamborghini and Ducati, saw its revenue increase by 13.1 percent to 69.9 billion euros ($76.24 billion) in … Continue reading Audi pledges to invest in electric powertrains