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Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto

Baua Electric

Expectations for increased demand for industrial materials were further dampened by the failure of the National People’s Congress in March to come up with a major real estate stimulus package. per cent on the year. China’s crude steel production minus steel consumption in January-March was about 27.14

Chinese 40
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Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

69% of licensed drivers can drive a car. Around 41% of the vehicles were cars and 51% were motorcycles. A separate report from the Ministry of Public Security said that almost 200 million Chinese can drive a vehicle—about 15% of the 1.3 billion population. About 19 million Chinese obtained a driving license in 2009. A total 16.7

Purchase 210
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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.

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China Forecast to Produce 12M Vehicles This year

Green Car Congress

Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6

China 218
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Chrysler Disbands ENVI Electric Vehicle Group; Function Absorbed into Traditional Line Organization

Green Car Congress

At the North American International Auto Show in January 2009, Chrysler had introduced two new EV concepts and updates on three earlier EV concepts developed by the ENVI group. Reuters reports that Chrysler has disbanded its ENVI team, formed in 2007 to bring electric-drive vehicles and related advanced-propulsion technologies to market.

Chrysler 210
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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. passenger cars will outgrow larger vehicles due to favorable policies.

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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

US-based electric vehicle provider ZAP and China auto manufacturer Zhejiang Jonway Automobile Co. have entered a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. The Jonway A380. Click to enlarge.

China 186