Panasonic Corporation announced today that it held an opening ceremony for a new automotive lithium-ion battery factory in Dalian, China.
The factory is Panasonic’s first automotive battery cell production site in China. Panasonic will further strengthen its global competitiveness in the automotive battery industry by the establishment of production sites in Japan, the United States, and China.
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Tesla Motors primarily manufactures its cars in California, but CEO Elon Musk intends to change that. As reported by The Wall Street Joural Musk said that Tesla will start building autos in China as a way to offer its cars to the country at lower prices.
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Chinese carmaker Geely is expected to invest 2.5 billion yuan (398 million U.S. dollars) to build its largest powertrain manufacturing center in the coastal city of Ningbo, according to an agreement signed between Geely and the local government on Thursday, 14 March 2013.
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Chinese media reported recently on a huge investment plan by First Auto Works, or FAW. Total investment in research and development over the next 5 years is 35.5 billion yuan or 5.7 billion USD. The ailing Hongqi (Red Flag) brand is the biggest benefactor with 10.5 billion yuan, showing that FAW is serious about resurrecting the once-famous brand.
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Chinese drivers who don’t like to wear a safety belt can now buy an innovative ‘safety belt T-shirt’, priced between 35 (SLR 700/=) yuan and 50 yuan (SLR 1,000/=) in various online shops.
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China is the top investment destination for global automakers due to significant domestic demand and export opportunities, according to KPMG’s fourteenth annual Global Automotive Executive Survey.
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China launched the world’s longest high-speed rail route on Wednesday, the latest milestone in the country’s rapid and – sometimes troubled – super fast rail network.
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Japanese carmakers, including Toyota and Nissan, are cutting production of vehicles in China. Nissan, the biggest Japanese carmaker in China, said output would stop from Thursday, three days earlier than a planned holiday closure. Continue reading »
Toyota said it was reducing output because of a slowdown in demand. It comes shortly after a wave of anti-Japanese protests across China that led to a halt in production for several days at many Japanese companies.
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General Motors opened a new, large vehicle test track west of Shanghai on Saturday as part of its push to retain its leading market share in the world’s largest auto market.
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