The government's promotion plan, released last week, ignite the recombination between Chery and JAC. This two Chinese auto gaint becomes the focus of media.
Recently, JAC released it annual reports which unveils that its profit drops 94.58% only 4.86 million Yuan (about 710 434.8 USD). But its CEO is still optimistic toward the future of JAC. "In the end of this year, two of our new model will roll off line, they are ownsome! and we believe that they will bring JAC a promising future." he said.
On the other hand, Chery is also in its difficult time, to recombinate with JAC is a good option. By doing this, Chey can avoid overlapping investment and expand its product line.
During the global financial crisis, not only U.S.A. auto makers run into difficulties, but also Chinese auto makers, even the international auto makers' sales rise in China.
According to the data released by China Association of Automobile manufaturers, the sales of commercial vehicle in last two months drops 6.94% and the production even worse drops 13.15%.
Considering the dilemma in which the commercial vehicle is now, Chinese government may put forward new policies to support this industry.
China's first homemade regional jet, the ARJ21, has started mass production and 30 planes will be delivered to clients by 2012, according to the state-run Commercial Aircraft Corporation of China.
The plane maker will deliver the first five planes next year, 10 planes in 2011 and the remaining 15 planes in 2012, said Luo Ronghuai, vice general manager of the company.
Shanghai Aircraft Manufacturing Factory, which assembles the ARJ (Advanced Regional Jet), has signed contracts with four factories to produce the jets, including Xi'an Aircraft International Corp which will supply as much as 3.26 billion yuan (US$477 million) worth of components.
The plane maker has received 208 orders for the 90-seat jet from domestic and overseas buyers, including GE Commercial Aviation Service, which bought 25 planes in a deal valued at 5 billion yuan.
The ARJ jet's maiden flight was in November and four more jets will begin trials this year in Shanghai and Xi'an. The 33-meter-long jet has a maximum range of 3,700 kilometers and a maximum altitude of 11,900 meters.
There's demand for regional jets due to their fuel efficiency on shorter routes, said a report on the Chinese commercial airplane market released by the Aviation Industry Corporation of China. From 2008 to 2027, Chinese airlines will need to add 2,822 jumbo jets and 993 regional jets to their fleets, it said.
Chongqing China,Changan Auto's new model - Yuxiang- is selling on 19th March, and its price range from 56800RMB to 64800RMB (8303.4USD-9472.9USD). In order to cut the cost, this moder provides 6-disc CD instead of GPS and DVD.
This model is designed by Dambrosio Luciano, designer of Changan Europe. later Changan Auto will provides its hatchback version
Great Wall Auto developed its 2-seat pure electric micro car – GWKULLA, days ago.
GWKULL’s max-speed is 100 kilometres an hour, and at one charge, it may runs 140 kilometres away. By the way, another good news is 70% power can be charged within 10 minutes, that will makes it more compitetive.
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