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China Automobile (Kereta Dan Motorsikal China)
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2010 Rely X5
Chery to participate in 2010 Dakar Rally
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Berjaya, Chinas BYD sign MoU for car-making venture
By FINTAN NG
[email protected]
Friday February 5, 2010
SHENZHEN : Berjaya Corp Bhd and Chinas BYD Auto Co Ltd yesterday signed a memorandum of understanding (MoU) to explore the possibility of building the latter’s F0 1-litre passenger car for South-East Asian markets.
The F0 is currently retailing for US$5,000 to US$7,000 in China.
Shenzhen-based BYD is an auto and battery manufacturer listed on the Hong Kong Stock Exchange and was the fourth-largest automaker by sales volume in China last year, with more than 450,000 units sold.
The company, which is present in 77 markets globally, is targeting to sell 800,000 units this year.
The MoU, which was signed by Berjaya executive director Datuk Francis Lee and BYD senior director Henry Li, was witnessed by Berjaya chairman and chief executive officer Tan Sri Vincent Tan and BYD chairman and president Wang Chuanfu.
The terms of the agreement included a feasibility study on the conversion of the F0’s left-hand drive version to a right-hand drive version together with related research and development as well as having Berjaya as the distributor of the vehicles.
Both parties would also cooperate in setting up a manufacturing plant near Rawang where Berjaya has set aside a 100-acre site for the project.
Berjayas Lee said at an earlier media briefing that the collaboration, which would involve a new manufacturing license for petroleum-based passenger cars, was subject to Government approval.
This is because under the current National Automotive Policy, the Government has frozen licenses for the manufacture of petroleum-based vehicles under 1.8 litres.
He said there was “a strong case” for the Government to approve the manufacturing license as the deal would be the first step towards making Malaysia the regional hub for BYD’s right hand-based passenger cars.
“Hopefully this will get us to something more in the future as the joint venture will bring jobs, new technology and broaden our range of car brands,” Lee said, adding that BYD was also a manufacturer of dual-mode (hybrid) and pure electric vehicles.
Besides the F0 and F3 compact passenger cars, BYD is in the process of rolling out the e6, an all-electric passenger vehicle retailing at US$40,000 to US$45,000.
Lee said the future plant would be initially for petroleum-based vehicles but would be expanded to include BYD’s new-energy vehicles at a later stage.
He added that the agreement was for six months but expected to have something concluded soon.
- The Star -
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Europestar Exora
The latest Proton MPV, the Proton Exora MPV, has been spotted out testing on Chinese roads, which could signal an immediate launch in China for the MPV.
According to reports, the MPV was spotted testing in ‘Northern China’, which probably means around the Jinan area where Youngman is based.
Information on the Exora is available on the excellent PaulTan website, however, information on the Chinese version of the Exora is currently unavailable. It is expected to hit the market in late 2009 and will be sold under Jinan Youngmans ‘Europestar’ brand.
The Europestar is expected to expand its sales network to include first and second tier cities in 2009. Currently the Europestar network is limited to certain coastal cities and inland cities. Jinan Youngman plans to expand their network to 100 cities in 2009, and plans to build a new car manufacturing plant which will give Youngman a production capacity of 450,000 vehicles per year. Europestar is producing the Proton Gen2 racer under their own brand in Guizhou province, and plan to build the Jingyue model is currently produced in Hangzhou.
Sources : http://www.chinacartimes.com/
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Ex-GM worker, husband accused of stealing hybrid secrets
A federal grand jury in Detroit has indicted a former General Motors employee and her husband in an alleged scheme to steal information about hybrid vehicles.
Shanshan Du is accused of copying thousands of GM documents in January 2005, five days after getting a severance offer from the automaker. The government says the conspiracy began in 2003.
The government says her husband, Yu Qin (Kin), subsequently made a deal to provide hybrid technology to a Chinese company.
Prosecutors say the Troy couple shredded documents and dumped them in a bin behind a store in May 2006 after the grand jury sought information.
Du and Qin will be in court Thursday. Qin's lawyer says he's surprised by the indictment. A message seeking comment was left with Du's attorney.
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China’s Geely completes takeover of Volvo
Tuesday August 3, 2010
BEIJING : Chinese car maker Geely Holdings yesterday formally completed its deal to buy Sweden’s Volvo Cars from US auto giant Ford at a ceremony in London, state media reported.
Li Shufu, chairman of both Geely Group and Volvo Car Corp, told China’s official Xinhua news agency that he hoped to see the struggling Swedish brand again become a leader in the global luxury auto market.
“ After the takeover, Geely remains Geely and Volvo is still Volvo. The relationship between the two companies is brotherhood and not a parent-and-child relationship, ” Li was quoted as saying.
“ Volvo should enjoy a much better position in the global market given its quality, technology, research and development abilities and its brand value, ” he was quoted as saying by telephone from London.
A Geely spokesman contacted by AFP declined to comment.
Geely, which first agreed to take over Volvo in March, has said it would spend US$2.7bil on the deal – the original price tag of US$1.8bil plus US$900mil in working capital to improve the brand.
– AFP / The Star -
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Post time 6-2-2010 10:59 AM
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