News on the Auto Industry in China

With a Chery on top

Chinese carmaker views IPO as key to global ambitions
Jan 28, 2011 (WiC 93)

It wasn’t quite the opening day that Chery’s marketing bosses were hoping for. Belying the name of the car he was driving – the Rely X5 – racer Ningjun Lu pulled out of the Dakar Rally with engine problems on the first stage of the ...

In a jam

Anti-congestion measures to hit car sales in Beijing
Jan 7, 2011 (WiC 90)

A new year often begins with a determination to rein in on the excesses of the month before, and Beijing’s bureaucrats seem to have identified car purchasers as the prime candidate for a more bracing approach in 2011. In particular, new ...

Man the batteries

Geely and BYD: the pacesetters in predicting China’s car future?
Dec 3, 2010 (WiC 88)

China may now be the world’s largest car market but it is also dominated by foreign brands. Hence the grand ambition for an industry of national champions that can (one) take the lead in new technologies and (two) outcompete its Western rivals ...

Keep him Swede

How does Volvo’s new CEO stay in Li Shufu’s good books?
Nov 5, 2010 (WiC 84)

Volvo guys are too conservative. They do nothing without 200% certainty. But I will act with 80% certainty. Combining the conservative and the radical, we can make changes in two or three years”. That was Li Shufu, chairman of Geely and new ...

German lesson

Audi sells millionth car in China, setting record
Oct 29, 2010 (WiC 83)

The latest piece of contemporary art to cause a stir in China is a giant rocket sculpture topped off with a German vehicle. Calcutta-born but British resident sculptor Gerry Juddah’s latest work was unveiled last week. Named Ode to ...

Looking for keys to success

After early stalls, China’s car rental industry may be set to accelerate
Oct 29, 2010 (WiC 83)

When it came to renting cars, Peter Hessler was one of China’s earliest and keenest customers. In his book Country Driving (see WiC54) he recalls his regular visits to Capital Motors. The Beijing firm had a fleet of around 50 ...

Wheels of fortune

How the Michelin man’s conquering Chinese roads
Oct 22, 2010 (WiC 82)

In 1839, after several years of searching, the American inventor Charles Goodyear finally discovered a way to make rubber strong enough for widespread use. Bad luck in business meant that Goodyear died mired in debt. But his invention transformed ...

Buy – and hold for life

Warren Buffett reaffirms his commitment to BYD despite flagging sales
Oct 8, 2010 (WiC 81)

Before Warren Buffett visited BYD’s operations last week, there was some speculation that he might ditch some of his 10% stake in the carmaker. After all, the value of his initial investment was worth more than six times what he paid to buy ...

Road to ruin?

Are Chinese factories making too many cars?
Sep 17, 2010 (WiC 78)

At first glance, the world’s largest car market appears to be accelerating ahead smoothly. Just last week a top industry official predicted the number of cars on China’s roads would more than double over the next decade – to a staggering ...

Leading the charge

State-owned goliaths plan to dominate world electric car market
Aug 27, 2010 (WiC 75)

Automotive history was made on July 26 when a Chinese customer bought an electric car. Given all that has been written about China’s push into eco-friendly vehicles it is something of a shock that this was the first time an individual had ...

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