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Latest Automobile industry in China Stories

2010-04-19 07:32:00

SHANGHAI, April 19 /PRNewswire-Asia/ -- The Auto Components Shanghai 2010 which is organized by the China Council for the Promotion of International Trade (CCPIT), The Society of Automotive Engineers of China (SAE-China) and Shanghai International Exhibition Co., Ltd. as well as IMAG-Internationaler Messe- und Ausstellungsdienst GmbH will be opened from 21st to 23rd June 2010 at the Shanghai International Exhibition Center (INTEX). The event attracts not only globally famous...

2010-04-09 08:00:00

NEW YORK, April 9 /PRNewswire/ -- Brean Murray, Carret & Co. (BMC) yesterday launched research coverage of the China auto parts industry. In the report, Senior Analyst Fawne Jiang notes that the company has a favorable view on the China auto industry, and believes that it is well positioned to benefit from multiple positive secular trends: strong GDP growth, continued infrastructure build-out, increased penetration of private ownership, improving personal income, and urbanization. BMC...

2010-04-06 07:30:00

JINZHOU, China, April 6 /PRNewswire-Asia-FirstCall/ -- Wonder Auto Technology, Inc. (Nasdaq: WATG; "Wonder Auto" or "the Company"), a leading manufacturer of automotive electrical parts, suspension products and engine accessories in China, today announced upward revised guidance to its operating results for its first quarter operating results ended March 31st, 2010. For the quarter, the Company projects its revenues will exceed US $63.0 million and that its net income will exceed US...

2010-03-18 07:56:00

WUHAN, Hubei, China, March 18 /PRNewswire-Asia-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that it will issue financial results for the fourth quarter and fiscal year ended December 31, 2009 on Thursday, March 25, 2010 before the stock market opens. Management will conduct a conference call on Thursday, March 25th at 8:00 a.m. EDT to discuss these results. A question and answer session will...

2010-03-01 12:49:00

STUTTGART, Germany and HONG KONG March 1 /PRNewswire-FirstCall/ -- Daimler AG (stock ticker symbol: DAI) today signed a Memorandum of Understanding (MoU) with BYD Company Limited (1211.HK) to enter into a comprehensive technology partnership for the development of electric vehicles for China. (Logo: http://www.newscom.com/cgi-bin/prnh/20080409/NYW017LOGO ) Under the agreement, Daimler and BYD intend to develop a new electric vehicle specific to the requirements of the Chinese market....

2010-02-24 08:00:00

JINAN, Shandong, Feb. 24 /PRNewswire-Asia-FirstCall/ -- On February 24, 2010, Jinan Yinquan Technology Co., Ltd., (Yinquan) a wholly-owned subsidiary of China VoIP & Digital Telecom Inc. (OTC Bulletin Board: CVDT), announced that it has successfully won the bid for the Virtualization project of Zhejiang Geely Group. Yinquan's superior technology and competitive pricing were the main reasons for the successful bid. Zhejiang Geely Group ("Geely") is the only privately-held...

2010-01-28 08:06:00

BEIJING, Jan. 28 /PRNewswire-Asia/ -- The China Economic Monitoring Center of the China National Bureau of Statistics and Sinotrust International Information & Consulting (Beijing) Co., Ltd. jointly release the "2009 Q4 China Automotive Industry Climate Index." 1. The Comprehensive China Automotive Industry Climate Index registers 102.0 points The China Automotive Industry Climate Index records 102.0 points in the fourth quarter of 2009 (2001=100), up 2.4 points...

2010-01-27 08:26:00

WUHAN, China, Jan. 27 /PRNewswire-Asia-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or "the Company"), a leading power steering components and systems supplier in China, announced today its subsidiary Great Genesis Holdings Limited has signed a definitive agreement to form a joint venture ("JV") with the Beijing Hainachuan Auto Parts Co. Ltd. subsidiary of Beijing Automobile Industrial Holdings ("Beijing Auto"). The new joint venture, Beijing Hailong Automotive...

2010-01-22 04:54:00

WUHAN, Hubei, China, Jan. 22 /PRNewswire-Asia-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or "the Company"), a leading power steering components and systems supplier in China, announced today at a Company ceremony that its first global OEM customer, headquartered in North America, is the Chrysler Group LLC ("Chrysler"). In November 2008, CAAS received its first order from Chrysler to export power steering gears to Chrysler's North America assembly facility. Since...

2009-12-23 05:22:00

HANGZHOU, China, Dec. 23 /PRNewswire-Asia/ -- Zhejiang Geely Holding Group Co., Ltd. (ZGH), a privately-owned Chinese automotive group, today announced it has settled all substantive commercial terms with Ford Motor Company relating to the proposed acquisition of Volvo Car Corporation. Geely, one of the fastest-growing car manufacturers in China, now expects to sign a definitive stock purchase agreement with Ford in the first quarter of 2010, paving the way for potential completion...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.