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  • August 24, 2014
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  1. Business - Companies - CARS

    Volvo cannot escape mainland carmaker probe, analysts say

    Posted Aug 14th 2014, 01:28am by Kwong Man-ki

    ... of car parts and bearings. Audi said it closely cooperated with the probe and would accept a penalty. Responding to media reports saying Audi would face a fine of 1.8 billion yuan (HK$2.26 ...

  2. Business - Companies - CARS

    Zhejiang University team scoops 10,600 yuan for hacking into Tesla Model S

    Posted Jul 17th 2014, 04:05pm by James Griffiths

    ... Zhejiang University was awarded 10,600 yuan by the Symposium on Security for Asia Network (SyScan360), a security conference taking place in Beijing this week where attendees had been invited ...

  3. Business - China Business - CARS

    Foreign carmakers under pressure to cut prices in China

    Posted Aug 04th 2014, 03:40am by Kwong Man-ki

    ... of 200,000 yuan (HK$251,000) each. The adjustments were in response to investigations into the car industry by the National Development and Reform Commission's anti-monopoly unit, the carmaker ...

  4. Business - China Business - CARS

    Beijing's clean-energy incentives give price edge to Chinese carmakers

    Posted Jul 28th 2014, 04:26am by Kwong Man-ki

    ... carmakers such as BYD price their electric car models mostly between 120,000 yuan (HK$150,000) and 140,000 yuan after deducting subsidies, which is competitive," he said. The prices ... that at least 30 per cent of new government vehicles be powered by alternative energy by 2016. As the budget for each vehicle is capped at 180,000 yuan after deducting subsidies, Orient Securities' ...

  5. Business - China Business - CARS

    Policy shot in the arm for new-energy vehicles

    Posted Jul 15th 2014, 01:31am by Celine Sun

    ... says that no more than 180,000 yuan (HK$224,750) can be spent on an alternative-energy vehicle by government departments, after deducting the subsidies provided by the Ministry of Finance. The government started providing a 120,000 yuan subsidy for the purchase of electric or plug-in hybrid cars a few years ago. "The new policy, along with other incentives launched earlier, ...

  6. Business - Companies - CARS

    China Yintai pins hopes on green and glamorous tie-up with Tesla

    Posted Jul 02nd 2014, 01:44am by LANGI CHIANG; KWONG MAN-KI

    ... district. On an average day, about one or two Tesla cars drive in to recharge, for free, in the basement car park, often overnight. Car owners need to pay 6 yuan (HK$7.50) an hour for parking, ... shopping centres such as the Place and Central Park, China World Trade Centre and China Central Place. In the second and third-tier cities, the competition can get even tougher and it may take much ...

  7. Business - China Business - CARS

    Wanxiang's Lu Guanqiu on a mission to sell electric cars in US

    Posted May 20th 2014, 12:56am by BLOOM

    ... Today, Wanxiang's publicly traded units include vehicle-parts maker Wanxiang Qianchao, seed and fertiliser producer Wanxiang Doneed, beverage maker Hebei Chengde LoLo and Shunfa Hengye, a real-estate developer. Wanxiang also owns a 3.7 per cent stake in Shanghai-traded Guangzhou Automobile Group, the manufacturing partner of Toyota, Honda and Fiat. The Wanxiang conglomerate earned ...

  8. Business - China Business - CARS

    Volkswagen plans 10 billion-yuan factory in Changsha, Hunan

    Posted Oct 24th 2012, 12:00am by Bloomberg

    ... Bloomberg Provincial authorities seek feedback on plant to lift Volkswagen's China output by 10 per cent VW plans 10b yuan factory in Changsha Volkswagen, Europe's biggest carmaker, was seeking to build a 10 billion yuan (HK$12.4 billion) factory in China that might boost the company's production capacity by more than 10 per cent, state-affiliated bodies said. ...

  9. Business - China Business - CARS

    Buyers slam Tesla over late delivery of Model S battery-powered sedans

    Posted Apr 23rd 2014, 12:50am by Kwong Man-ki

    ... train. In Beijing, Tesla chief executive Elon Musk was on hand to host the delivery event for the Model S, which are priced at between 734,000 yuan (HK$921,000) and 852,500 yuan. Musk said Tesla ...

  10. Business - China Business - CARS

    Infrastructure snag to deter China's green car buyers

    Posted Feb 11th 2014, 01:57am by Kwong Man-ki

    ... buyers subsidies of up to 60,000 yuan (HK$76,700) for all-electric cars and 35,000 yuan for plug-in hybrid cars with an electric driving range of more than 50 kilometres. The subsidy for electric buses is 500,000 yuan. Shares of electric car and rechargeable battery maker BYD rose 4.58 per cent to close at HK$39.95 yesterday, shrugging off a 0.27 per cent drop in the benchmark Hang Seng ...




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