Chinese Vice-premier Zhang Dejiang has urged more efforts to develop China's auto parts industry and new energy vehicles, to increase the international competitiveness of the nation's auto sector.
Billionaire investor Warren Buffett reaffirmed his support in Chinese electric carmaker BYD Auto here Monday after media reports suggested he might reduce his stake in the company.
US billionaire investor Warren Buffett arrived in south China's boom town Shenzhen on Monday to attend a series of electric car marketing activities of China's fastest growing automaker BYD Co.
Officials from BYD Co Ltd's public relations department denied speculation that US billionaire Warren Buffett would talk to the Chinese automaker about selling down his stake during his visit next week, the Hong Kong-based Ta Kung Pao reported Sunday.
Changan Ford Mazda Automobile Co will spend $500 million to build an engine plant in Southwest China's Chongqing, Bloomberg reported Saturday.
Officials from the local administration for industry and commerce in Hangzhou, capital of East China's Zhejiang province, said on Monday it has fined Japanese carmaker Toyota's auto finance unit in China for involvement in commercial bribery.
China's top automaker SAIC Motor Corp said it may buy stake in its partner General Motors Co' initial public offering (IPO) if "conditions are favorable", Bloomberg reported Tuesday, citing Hu Maoyuan, the automaker's chairman.
Officials from a local administration for industry and commerce in Hangzhou, capital of East China's Zhejiang province, said Monday it has fined Japanese carmaker Toyota's auto finance unit in China for involvement in commercial bribery.
Japan's Nissan Motor Co Ltd plans to double its production capacity in China to 1.2 million units by 2012, as it aims for a 10 percent share of China auto market, Reuters reported Monday.
BMW Group announced last week that it has government approval to set up an automotive finance company in China that plans to start business in the fourth quarter of this year.
Hummer production in the United States has ended, but that has had one unlikely reaction in China - an increasing demand for the SUV which some say is big, brash and ugly.
BYD Co will buy 18 percent of the Tibet Xigaze Zhabuye Lithium High-Tech Co for 201.2 million yuan ($30 million), the Oriental Morning Post reported Friday.
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