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April 19 - China aims to sell a total of 500,000 electric vehicles by the end of 2015 and a total of five million units by the end of 2020, according to according to a cabinet meeting on the automobile industry.
April 16 - Volkswagen AG said it sold 633,800 cars in China in Q1 2012, up 15.6% year on year.
April 12 - China sold 4.79 million vehicles in Q1 2012, including 3.77 million passenger cars, down 3.4% and 1.3% respectively from the same period a year ago, according to the China Association of Automobile Manufacturers. The top 10 automakers were responsible for 87.8% of the total sales during the period.
April 11 - Audi AG said its sales in China were up nearly 40% year on year to 90,063 units in Q1 2012, including 31,505 units in March.
April 11 - Honda Motor Co (NYSE: HMC) said it plans to double its sales volume in China to 1.2 million units annually by the end of 2015.
April 5 - Toyota Motor Corp's (NYSE: TM) sales in China rose 2.2% in March from a year earlier to about 86,000 vehicles, the Wall Street Journal reported, citing a company spokesman. For the first three months of 2012, the Japanese automaker sold about 211,500 vehicles, up 1.8% from the same period last year.
March 29 - China Hi-Tech Group Corp, a truck maker, is planning to acquire NedCar, a Holland-based sedan producer operated by Mitsubishi Motors Co, according to Dutch newspaperHet Financieele Dagblad. Mitsubishi Motors wants to shut down NedCar by the end of this year. China Hi-Tech had previously acquired Duracar, a Dutch electric car maker, and Ginaf, a Dutch truck maker.
March 20 - China sold 1.57 million vehicles, including 1.21 million passenger cars, in February, up 12.8% and 26.5% year on year respectively, the China Association of Automobile Manufacturers said. The nation produced 1.61 million units, including 1.26 million passenger cars, last month, up 23.8% and 31.3% year on year respectively.
March 19 - China produced 18.42 million vehicles and sold 18.51 million units in 2011, up just 0.8% and 2.5% from the year before, far slower than the rates seen a year earlier as the government scrapped some incentives for car purchases, the China Association of Automobile Manufacturers said.
$1 = ¥6.3
@2011 China Economy @ The China Perspective.
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