Joint Ventures

GM emphasises US investment after criticism of spending in China

GM raised its planned spending in China by 70 per cent.

General Motors, profitable for 13 consecutive quarters, is planning to invest US$16 billion on factories and facilities in the United States from now to 2016, more than it will spend in China, the company said.

Tuesday, 7 May, 2013, 3:56am

Hong Kong brokers push for joint ventures in Qianhai economic zone

The zone was first mooted in 2010. Photo: Edward Wong

In January, Cheung led a delegation of securities professionals to sign an agreement with the Authority of the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone, under which the two sides would propose measures to attract Hong Kong and international financial firms to invest in Qianhai.

3 Apr 2013 - 5:30am

Yishan to raise US$250m to buy Asian properties

Yishan Capital Partners, a real estate asset manager, plans to raise US$250 million next year to invest in properties across Southeast Asia.

10 Oct 2012 - 2:21am

Lenovo, SMIC in China-style divorces

Their relatively low costs and access to the fast-growing China market often make major Chinese tech firms look like attractive business partners to their foreign peers.

5 Sep 2012 - 5:23pm

Renault looks forward to renewal in China

Renault is finally on the verge of making cars in China after a decade-long effort to link up with a local partner.

The French carmaker's China chief said the breakthrough wouldn't have been possible without a corporate shake-up which boosted the company's sales on the mainland by nearly 30 times in the three years to 2011.

12 Apr 2012 - 12:00am

Brilliance eyes 40pc sales rise after plant boost

Brilliance China Automotive expects to sell 150,000 BMW cars this year - a year-on-year jump of 40 per cent after a boost in its production capacity - under its joint venture with the German carmaker.

29 Mar 2012 - 12:00am

Dongfeng suffers a profits slowdown

Dongfeng Motor plans to further develop joint ventures, improve management and expand production after price wars and natural disasters cut net profit by 4.55 per cent to 10.48 billion yuan (HK$12.8 billion) last year.

28 Mar 2012 - 12:00am

Dongfeng venture plans to spend 50b yuan

Dongfeng Motor, a joint venture between Japan's Nissan Motor and mainland partner Dongfeng Group, will invest 50 billion yuan (HK$60.4 billion) to almost double sales to 2.3 million units by 2015 on the mainland.

27 Jul 2011 - 12:00am

Mainland-only models put car sales war into top gear

Foreign carmakers and their local partners are increasingly turning to new 'China-only' car brands to grab a bigger share of the lower end of the world's biggest auto market.

Joint-venture Guangqi Honda Automobile yesterday took the wraps off the first model from its new mainland-only Li Nian or Everus brand.

21 Dec 2010 - 12:00am

China overtakes Japan as No2 car market

China's car sales rose 25 per cent last year to 7.2 million units, making the country the world's second-largest market, according to the China Association of Automobile Manufacturers.

12 Jan 2007 - 12:00am

Dongfeng, Nissan in car financing venture

Partners seek to boost sales in mainland market by offering retail car loans and making inventory finance to dealers

Dongfeng Motor Group, the mainland's third-biggest carmaker, will set up a 500 million yuan car financing venture with its Japanese partner, Nissan Motor, by next year to boost sales in the world's third-largest vehicle market.

31 Aug 2006 - 12:00am

Dongfeng Motor

The group's principal activities are the manufacturing and selling of commercial and passenger vehicles, engines, automotive parts and automotive-related products. Operations are carried out in the People's Republic of China.

26 Jun 2006 - 12:00am

Flash back

1953: First Auto Works established, beginning the mainland car industry

1969: Second Auto Works, later known as Dongfeng Motor, established

1983: the first Santana car assembled; the model, mass-produced later by Shanghai Automotive Industry and Germany's Volkswagen, remains a mainstay for taxis

5 Jun 2006 - 12:00am

Dongfeng sales growth steady despite industry woes

Dongfeng Motor Group has managed to maintain steady sales growth despite pessimism among institutional investors about the profits of the mainland vehicle industry, according to analysts.

The group sold 594,000 units last year. No comparison figures for the previous year were given.

28 Feb 2006 - 12:00am

EastCom blames price of mobiles as loss doubles

Parent China Putian's listing delayed as handset maker posts fifth quarterly loss

Mainland domestic handset maker Eastern Communications (EastCom) posted its fifth consecutive quarterly loss yesterday, putting further pressure on its parent's overseas listing plan.

1 Nov 2003 - 12:00am