If imitation is the sincerest form of flattery, then global carmakers are basking in the compliments at Shanghai’s auto show, where some Chinese-made models bear striking resemblances to famous foreign brands. The annual exhibition is the biggest automotive showcase in the planet’s largest car market, but also an event that revives persistent accusations of Chinese … Read more
Chinese internet giant Baidu has said it will share much of the technology it has created for its self-driving cars. The firm predicted that the move would help drive the development of autonomous vehicles. Called Apollo, the project will make a range of software, hardware and data services available to others, especially carmakers. Other firms … Read more
Unable to afford a car, Shanghai university student Long Yi faces a lengthy, expensive commute across his vast city but has found a solution in the car-sharing schemes quickly gaining momentum in China. Essentially an Internet Age twist on car rentals, car-sharing is growing rapidly from virtually nothing two years ago as Chinese millennials seek … Read more
Global automakers unveiled new SUVs, electric vehicles, and futuristic concept cars at the Shanghai Auto Show on Wednesday, racing for an edge in the world´s biggest auto market as growth slows after years of frenzied sales. China’s automotive market remains the most important in the world for manufacturers, with sales jumping 14.9 percent to 24.38 … Read more
Global carmakers converge on China for the Shanghai auto show this week, with the industry bracing for a sharp sales slowdown and potential price war as competition stiffens in the world’s biggest car market. Manufacturers have reaped a windfall as the fast-expanding Chinese middle class hits the road, but clouds loom as Volkswagen, Toyota, GM, … Read more
A black cab manufacturer that was “on its knees” five years ago is officially opening a new £300m plant, creating more than 1,000 jobs. The London Taxi Company’s (LTC) Ansty Park site in Coventry is the home of its new electric taxi, the TX5. Administrators were called into LTC in 2012 before Chinese carmaker Geely … Read more
Passenger car sales in China, the world’s biggest auto market, will grow nearly 13 percent this year from a year earlier, data from an industry association showed Tuesday. Judging from this year’s sales trend, sales of passenger and commercial vehicles will increase 10 to 12 percent year on year, according to China Passenger Car Association. … Read more