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Brave new world
Carmakers vie for Chinese market
Chinese carmakers to watch
SAIC Motor Corp. Ltd. ( www.saicgroup.com/saic01/fore/english/index.htm; www.gmchina.com/english/operations/saic.htm)
Shanghai-based SAIC, formerly Shanghai Automotive Industry Corp., is Chinas leading passenger car maker through its joint ventures with Volkswagen AG and General Motors Corp. (Under Chinese law, foreign automakers may build vehicles locally only in joint ventures with local automakers.)
SAICs ventures with GM produce more than half a million vehicles a year and its venture with VW produces around 300,000 vehicles annually.
SAIC has just launched its own-brand vehicle, the Roewe 750, after purchasing rights to the Rover 25 and 75 cars from MG Rover Group.
SAIC was the first Chinese automaker to invest abroad, purchasing a controlling stake in South Korean automaker Ssangyong Motor Co. in 2004.
Chongqing Changan Automobile Co.
(click on English version on www.changanauto.com site)
Based in Chinas biggest city, Chongqing, with a population of 30 million, Chongqing Changan produces a wide range of vehicles with Ford Motor Co., Mazda Motor Co. and Suzuki Motor Corp.
It exports vehicles, such as the Landwind SUV, and recently forecast its annual vehicle exports would reach 100,000 by 2010.
This year, the Changan Ford venture is benefiting from strong growth in sales of the Focus compact.
FAW Group Corp.
(http://www.faw.com/webcontent/index.htm)
Founded in 1956 with the help of the former Soviet Union, First Automotive Works, as it was then known, began producing medium-duty trucks that played a major role in Chinas modernization.
Today, through its own car making operation, FAW Xiali, and its ventures with Volkswagen AG and Toyota Motor Corp., Changchun-based FAW produces close to a million trucks, buses and cars annually, including a gasoline-electric hybrid car which it recently began producing with Toyota. FAW also plans to rejuvenate Chinas oldest car brand, Red Flag.
Dongfeng Motor Corp.
( http://www.dfl.com.cn/dfl/info/directorate_en.aspx)
Founded in 1969, Dongfeng Motor Corp., formerly called Second Automotive Works, is one of Chinas Big Three, along with SAIC and FAW.
Based in Wuhan since 2003, Dongfeng produces commercial vehicles and passenger cars and has formed ventures with Honda Motor Co., Kia Motors Corp. and PSA Peugeot Citroen SA. Its fastest growing venture is with Nissan Motor Co.
Beijing Automotive Industry Holding Corp.
(http://www.baiec.com/)
Beijing Automotive formed the first joint venture with a foreign carmaker in 1983 when it partnered with Chrysler Corp.
Mercedes-Benz has also formed a venture with BAIC, but the Beijing automakers most successful partnership is fast-growing Beijing Hyundai Motor Co. - the fourth-largest joint venture in China with 211,000 vehicle sales in the first nine months of this year.
Guangzhou Automobile Industry Group Co.
After Guangzhou Automobiles 1985 venture deal with Frances Peugeot carmaker disappointed both partners, Guangzhou Automobile formed a successful pairing with Japans Honda Motor Co.
The venture, based in the industrial city of Guangzhou, produces the Accord, a top-seller in China, and makes the Fit subcompact for export to Europe.
Guangzhou has taken on two new Japanese venture partners, Isuzu Motors Ltd., and Toyota, as well as South Koreas Hyundai Motor Co.
Geely Automobile Co.
(www.geely.com/english/index.htm)
By contrast with Chinas leading automakers, Geely Automobile Co. is a private manufacturer, founded in 1986 by farmer-turned-tycoon Li Shufu.
A decade later, Geely went into the car-making business, starting out by purchasing parts from components manufacturers supplying established automakers.
Geely was the first Chinese automaker to display a vehicle at a U.S. auto show, when it brought its 7151 CK sedan to Detroit in January. The car met only around half of U.S. safety and emission requirements. Geely said it planned to export cars to the United States starting in 2008 and sell 100,000 annually within five years. Geely sells cars under the Geely and Maple brands.
Chery Automobile Co. Ltd.
( http://www.cheryglobal.com/)
Chery Automobile Co. Ltd., based in Anhui province in eastern China, was the first Chinese automaker to announce plans to export cars to the United States in a venture with U.S. entrepreneur Malcolm Bricklin. However, they have pushed back their original plans to export cars to the United States in 2007.
Chery is now in discussions to build a small car for DaimlerChrysler AGs Chrysler Group. In addition, it has formed a manufacturing partnership with Italys Fiat Auto, suggesting that it has shifted its strategy and now wants to learn about the business in partnerships with global automakers.
General Motors Corp. and Chery recently settled a high-profile lawsuit filed by GM, which claimed that Cherys QQ small car was a copy of the Chevrolet Spark.
Source: Detroit News research
Carmakers vie for Chinese market
Chinese carmakers to watch
SAIC Motor Corp. Ltd. ( www.saicgroup.com/saic01/fore/english/index.htm; www.gmchina.com/english/operations/saic.htm)
Shanghai-based SAIC, formerly Shanghai Automotive Industry Corp., is Chinas leading passenger car maker through its joint ventures with Volkswagen AG and General Motors Corp. (Under Chinese law, foreign automakers may build vehicles locally only in joint ventures with local automakers.)
SAICs ventures with GM produce more than half a million vehicles a year and its venture with VW produces around 300,000 vehicles annually.
SAIC has just launched its own-brand vehicle, the Roewe 750, after purchasing rights to the Rover 25 and 75 cars from MG Rover Group.
SAIC was the first Chinese automaker to invest abroad, purchasing a controlling stake in South Korean automaker Ssangyong Motor Co. in 2004.
Chongqing Changan Automobile Co.
(click on English version on www.changanauto.com site)
Based in Chinas biggest city, Chongqing, with a population of 30 million, Chongqing Changan produces a wide range of vehicles with Ford Motor Co., Mazda Motor Co. and Suzuki Motor Corp.
It exports vehicles, such as the Landwind SUV, and recently forecast its annual vehicle exports would reach 100,000 by 2010.
This year, the Changan Ford venture is benefiting from strong growth in sales of the Focus compact.
FAW Group Corp.
(http://www.faw.com/webcontent/index.htm)
Founded in 1956 with the help of the former Soviet Union, First Automotive Works, as it was then known, began producing medium-duty trucks that played a major role in Chinas modernization.
Today, through its own car making operation, FAW Xiali, and its ventures with Volkswagen AG and Toyota Motor Corp., Changchun-based FAW produces close to a million trucks, buses and cars annually, including a gasoline-electric hybrid car which it recently began producing with Toyota. FAW also plans to rejuvenate Chinas oldest car brand, Red Flag.
Dongfeng Motor Corp.
( http://www.dfl.com.cn/dfl/info/directorate_en.aspx)
Founded in 1969, Dongfeng Motor Corp., formerly called Second Automotive Works, is one of Chinas Big Three, along with SAIC and FAW.
Based in Wuhan since 2003, Dongfeng produces commercial vehicles and passenger cars and has formed ventures with Honda Motor Co., Kia Motors Corp. and PSA Peugeot Citroen SA. Its fastest growing venture is with Nissan Motor Co.
Beijing Automotive Industry Holding Corp.
(http://www.baiec.com/)
Beijing Automotive formed the first joint venture with a foreign carmaker in 1983 when it partnered with Chrysler Corp.
Mercedes-Benz has also formed a venture with BAIC, but the Beijing automakers most successful partnership is fast-growing Beijing Hyundai Motor Co. - the fourth-largest joint venture in China with 211,000 vehicle sales in the first nine months of this year.
Guangzhou Automobile Industry Group Co.
After Guangzhou Automobiles 1985 venture deal with Frances Peugeot carmaker disappointed both partners, Guangzhou Automobile formed a successful pairing with Japans Honda Motor Co.
The venture, based in the industrial city of Guangzhou, produces the Accord, a top-seller in China, and makes the Fit subcompact for export to Europe.
Guangzhou has taken on two new Japanese venture partners, Isuzu Motors Ltd., and Toyota, as well as South Koreas Hyundai Motor Co.
Geely Automobile Co.
(www.geely.com/english/index.htm)
By contrast with Chinas leading automakers, Geely Automobile Co. is a private manufacturer, founded in 1986 by farmer-turned-tycoon Li Shufu.
A decade later, Geely went into the car-making business, starting out by purchasing parts from components manufacturers supplying established automakers.
Geely was the first Chinese automaker to display a vehicle at a U.S. auto show, when it brought its 7151 CK sedan to Detroit in January. The car met only around half of U.S. safety and emission requirements. Geely said it planned to export cars to the United States starting in 2008 and sell 100,000 annually within five years. Geely sells cars under the Geely and Maple brands.
Chery Automobile Co. Ltd.
( http://www.cheryglobal.com/)
Chery Automobile Co. Ltd., based in Anhui province in eastern China, was the first Chinese automaker to announce plans to export cars to the United States in a venture with U.S. entrepreneur Malcolm Bricklin. However, they have pushed back their original plans to export cars to the United States in 2007.
Chery is now in discussions to build a small car for DaimlerChrysler AGs Chrysler Group. In addition, it has formed a manufacturing partnership with Italys Fiat Auto, suggesting that it has shifted its strategy and now wants to learn about the business in partnerships with global automakers.
General Motors Corp. and Chery recently settled a high-profile lawsuit filed by GM, which claimed that Cherys QQ small car was a copy of the Chevrolet Spark.
Source: Detroit News research