China's carmaker Chery Automobile Co Thursday said its overseas shipments in the first month of the year rose 21.2 percent year-on-year to 11,823 units.
With the continuing surge in demand for premium sport utility vehicles (SUVs), China will overtake the United States as the largest market for Porsche AG, the German luxury car brand in 2014, said a company executive.
The Swedish premium vehicle brand Volvo AB, purchased by Chinese automaker Zhejiang Geely Holding Group Co Ltd last year, will make China one of its global bases as it prepares for local production of the first model in the country in 2013.
Nearly 3,000 Chinese-made cars, worth 15 million SAR, will make their debut in Saudi Arabia in the next few days. Agents expect strong demand for such price competitive vehicles, a newspaper in the Gulf Kingdom reported on Saturday.
Despite the Brazilian government's decision to raise taxes on imported vehicles, Chery announced on Oct 9 that it will not cancel its plans to open a new factory in Jacareí, S?o Paulo, sources reported.
Daimler AG's luxury car unit Mercedes-Benz said that sales of its passenger vehicles in the Chinese market were 15,272 units in September, 12.7 percent more than in the same month of last year, sources reported.
Chery Automobile and Jaguar and Land Rover are seeking regulatory approval to set up a joint venture in China, sources reported on Oct 10.
Chery Automobile, a major Chinese independent car maker, aims to start exporting to Europe after 2015, a senior executive said.
Chery will be outlining its joint strategy with partner Quantum in the end of November, sources reported on Oct 10.
Brilliance's Zhonghua has confirmed the name of its first own-made SUV, the V5, sources reported on Oct 9. The manufacturer went further to say that it hopes the SUV will make its official debut at this November's Guangzhou Auto Expo.
Following the holiday, BAIC announced that it has submitted its request for production of its new own-made car the C70G, sources reported on Oct 9. According to the report, BAIC may be able to attain a production permit as early as the end of this year.
With growth in the automobile industry in China slowing down this year, the gap between vehicle exports and imports seems to be continuing to widen.
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