Auto @ The China Perspective

Raised sales tax on big cars unlikely to slow sales

August 20,2008

By TONY JIN

Increased sales taxes on large cars from September 1 have caused a short-term spike in sales. But as the Securities Times reports, carmakers and industry experts don’t expect the move to dampen sales in the long-term either.

SAAE to raise US$269m for two photovoltaic projects

July 29,2008

By STAFF EDITOR

China becomes major performance driver for global automakers

July 16,2008

By TONY JIN

Auto sales in China slowed slightly over the first half of the year amid rising oil and raw material costs and the disruptive effects of snowstorms and the devastating Sichuan earthquake. But the country still outperformed any other global market and gave hope to the world’s automakers, Xinhua writes

SAIC and FAW listed in Fortune 500

July 14,2008

By STAFF EDITOR

Hisense debuts thinnest LED TV

July 10,2008

By STAFF EDITOR

Carlyle invests US$87m in Chinese chemical producer

July 08,2008

By STAFF EDITOR

Tough road ahead for Chinese auto industry

July 07,2008

By TONY JIN

Auto sales growth slowed in May and June in the face of diminishing purchasing power at home. Shanghai Securities News writes that foreign governments are partly to blame for blocking expansion efforts of Chinese automakers

Peugeot closes Shanghai store amid losses

July 01,2008

By STAFF EDITOR

China Yangtze Power invests in Hubei copper maker

June 30,2008

By STAFF EDITOR

Hiked oil prices detrimental to large car sales

June 24,2008

By TONY JIN

China has hiked oil prices at the pump 15% from June 20. China Business News argues that the move could see domestic sales of small cars rebound at the expense of gas-guzzling SUVs

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Currently the second largest auto market in the world, China is believed to be the largest auto market in 20 to 25 years. With sales continue to go up, competition becomes fierce on parallel line. Foreign auto giants continue to seek local partnership to consolidate market position while prices cannot avoid concession. China saw sales of 1.804 million cars in the domestic market in the first half, up 46.9 percent year-on-year. The top ten companies are, in descending order: Shanghai GM, Shanghai Volkswagen, FAW Volkswagen, Chery, Beijing Hyundai, FAW Toyota, Tianjin-FAW Xiali, Geely, Guangzhou Honda and Dongfeng Peugeot Citroen.

Today’s Daily Briefs E-Mail

	Raised sales tax on big cars unlikely to slow sales August 20,2008 By TONY JIN Increased sales taxes on large cars from September 1 have caused a short-term spike in sales. But as the Securities Times reports, carmakers and industry experts don’t expect the move to dampen sales in the long-term either. SAAE to raise US$269m for two photovoltaic projects July 29,2008 By STAFF EDITOR China becomes major performance driver for global automakers July 16,2008 By TONY JIN Auto sales in China slowed slightly over the first half of the year amid rising oil and raw material costs and the disruptive effects of snowstorms and the devastating Sichuan earthquake. But the country still outperformed any other global market and gave hope to the world’s automakers, Xinhua writes SAIC and FAW listed in Fortune 500 July 14,2008 By STAFF EDITOR Hisense debuts thinnest LED TV July 10,2008 By STAFF EDITOR Carlyle invests US$87m in Chinese chemical producer July 08,2008 By STAFF EDITOR Tough road ahead for Chinese auto industry July 07,2008 By TONY JIN Auto sales growth slowed in May and June in the face of diminishing purchasing power at home. Shanghai Securities News writes that foreign governments are partly to blame for blocking expansion efforts of Chinese automakers Peugeot closes Shanghai store amid losses July 01,2008 By STAFF EDITOR China Yangtze Power invests in Hubei copper maker June 30,2008 By STAFF EDITOR Hiked oil prices detrimental to large car sales June 24,2008 By TONY JIN China has hiked oil prices at the pump 15% from June 20. China Business News argues that the move could see domestic sales of small cars rebound at the expense of gas-guzzling SUVs 1 2 3 4 5 6 7 8 9 10 Next	Currently the second largest auto market in the world, China is believed to be the largest auto market in 20 to 25 years. With sales continue to go up, competition becomes fierce on parallel line. Foreign auto giants continue to seek local partnership to consolidate market position while prices cannot avoid concession. China saw sales of 1.804 million cars in the domestic market in the first half, up 46.9 percent year-on-year. The top ten companies are, in descending order: Shanghai GM, Shanghai Volkswagen, FAW Volkswagen, Chery, Beijing Hyundai, FAW Toyota, Tianjin-FAW Xiali, Geely, Guangzhou Honda and Dongfeng Peugeot Citroen. Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR China Central Bank in need of a cash infusion, RMB appreciation to pause Garment makers targeting domestic market outperform exporters Poly Real Estate revenues up 25% YTD Shenyang’s Tiexi district targets alternative energy sector 40% of Chinese private firms target overseas expansion: HSBC BMW to build 2nd plant on mainland Wuhan Optical Valley sets sights on global influence by 2020 XEMC Windpower inks US$46m deal with Datang Power Generation Haima to build 2 150,000-vehicle plants Paper makers team up on eco-friendly plant Go to Complete List >

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