BYD yesterday said net profit soared 579 per cent last year to 553.09 million yuan (HK$692.8 million) following improved performances in its car, phone components and battery businesses.
Turnover rose 12.1 per cent to 49.77 billion yuan.Thursday, 20 March, 2014, 1:09am
Chinese carmaker Qoros Automotive brought its campaign to gain global credibility to the Geneva International Motor Show this week, showing off its second production car at a stand in prime real estate - between Maserati and Rolls-Royce.7 Mar 2014 - 12:41am
PSA Peugeot Citroen’s founding family gave the go-ahead on Monday for a 3 billion euro (HK$31.9 billion) tie-up with China’s Dongfeng Motor that would draw a line under one of France’s oldest industrial dynasties, sources said.18 Feb 2014 - 10:34am
A beefed-up vehicle warranty law that takes effect in China on Tuesday is unlikely to burden global carmakers but will likely raise costs for smaller local players that may add to pressure for eventual consolidation in the country’s fragmented car industry.2 Oct 2013 - 2:55am
The decline in sales of domestic brands was marked. Mainland companies sold 570,120 cars in April, a market share of 39.62 per cent. Cui Dongshu, an analyst at the China Passenger Car Association (CPCA), said on his blog that while the market for medium-priced and luxury cars would grow this year, the outlook for imported high-end vehicles and cheap sedans was dim.10 May 2013 - 5:33am
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.29 Aug 2013 - 4:13am
Speaking at a conference on the eve of the Shanghai Auto Fair, the heads of Changan Automobile, Beijing Automotive, Dongfeng Motor and Guangzhou Automobile agreed increasing exports and their own brands' production capacity were two of their main tasks in the next seven years.20 Apr 2013 - 5:45am