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Nevs signs framework agreement for 50% stake in transport vehicle manufacturing company in China; electric minivan to portfolio

Green Car Congress

National Electric Vehicle Sweden (Nevs) has signed a framework agreement on taking a 50% stake in Chinese transport vehicle manufacturing company New Long Ma ( NLM ). NLM’s product portfolio includes an electric commercial distribution minivan which is a part of the agreement.

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PwC: Chinese automotive market decelerating faster than anticipated

Green Car Congress

While overall sales growth has been slowing and market share battles are becoming increasingly competitive in the Chinese car and minivan market, the SUV and multipurpose vehicles (MPV) segments show significant strength. —Rick Hanna, Global Automotive Leader, PwC. million and 1.2 million units sold, respectively.

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SAIC-GM-Wuling starts production at new $1.1B base in Chongqing; initial capacity of 400K vehicles and 400K engines

Green Car Congress

It has an initial annual manufacturing capacity of 400,000 vehicles and 400,000 engines to serve the Chinese market. It manufactures a range of Wuling brand mini-trucks and minivans as well as a growing family of Baojun brand passenger cars. The first phase of production at the Chongqing base represents initial investment of RMB 6.6

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Report: Shin-Kobe, GS Yuasa Targeting Battery Market for Stop-Start Systems

Green Car Congress

Shin-Kobe is expanding a Chinese battery factory this fiscal year, doubling the annual production capacity to 2 million units. s recently released Premacy minivan and plans to market batteries that support other makes of cars with the idling-stop function as automakers introduce them. GS Yuasa Battery, a subsidiary of GS Yuasa Corp.,

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SAIC-GM-Wuling to Export Mini-Commercial Vehicles to South America, Middle East and North Africa

Green Car Congress

The Wuling N200 entered the Chinese market in 2007. SAIC-GM-Wuling manufactures a range of Wuling brand mini-trucks and minivans as well as the Chevrolet Spark mini-car. In 2008, SAIC-GM-Wuling’s domestic sales totaled 647,296 units, making it number one in sales among Chinese mini-vehicle producers for the third straight year.

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J.D. Power Asia Pacific study finds auto brands improve in gratifying new-vehicle owners in China

Green Car Congress

Intensified competition has driven both international and domestic auto brands to launch new and better vehicles that appeal specifically to the eyes and hearts of Chinese consumers. Minivan segment: Wuling Rongguang. —Hannah Chao, research director at J.D. Power Asia Pacific, Shanghai. Midsize segment: Volkswagen Golf.

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KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

Although US automakers saw the most significant improvement compared with 2010 survey data, executives identified Chinese brands, as well as existing global players Volkswagen (#4 in 2010), Hyundai/Kia (#2 in 2010), Indian brands (#3 in 2010) and BMW (#9 in 2010) as the top five market share winners this year.

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