A prototype car from Nissan is viewed on the opening day of the Shanghai auto show on Saturday. Photo: Reuters

China's low-cost carmakers race up value chain

The trend was on display yesterday at the start of the Shanghai car show, with carmakers such as Great Wall, Changan, and Beijing Auto - who typically price their cars at below 150,000 yuan (HK$186,500) - presenting new models at prices closer to the mid-range mark of 200,000 yuan.