Jiangnan Alto is still alive in 2008.
source: Gasgoo.comJune 3, 2008 - To mark the 2008 Jiangnan Alto's launch and the second-generation Alto's rolling off the line, Zotye Jiangnan has started the promotional sales of its Alto cars. From May 26 to June 30, any Alto buyer can get a 3,000 yuan ($432) discount on the 27,800 yuan 0.8L small car. Which means you can drive a new Alto car away after paying 24,800 yuan ($3,570) for it!
Hunan Jiangnan Auto was controlled by Zhejiang Zotye Auto in March 2007 and achieved its best ever sales last year. In May, Jiangnan Auto's assembly plant celebrated its brand new Jiangnan Alto cars coming off the line. In the first four months of 2008, the sales of Jiangnan Alto increased by 65% over its previously best ever sales record.
The price of 24,800 yuan has hit a new low record of China-made small car's prices and is set to rival Tata's small car Nano, the world's current cheapest car which now sells worldwide for $2,500. India's another carmaker Bajaj Auto has also joined hands with Renault-Nissan to launch a small car as cheap as the Tata Nano in by 2011.
Chinese carmaker Chery's cheapest QQ hatchback model is currently priced at 39,800 yuan. Before Tata Nano came out in January 2008, Chery QQ had been considered as the cheapest small car in the world.
http://autonews.gasgoo.com/china-news/zotye-auto-s-2-838-small-car-launched-in-china-s-101114.shtmlZotye Auto's $2,838 small car launched in China's inland regions
Lower cost cars are to finally hit the Chinese market. In a strategy previously followed by India's Tata Motors, Zotye Auto based in Yongkang, Zhejiang Province, launched its basic model called Jiangnan Alto on November 9, with a retail price of 18,800 yuan ($2,838).
The company plans to focus sales of the Jiangnan Alto in China's inland regions, including Hunan, Hebei, Shanxi, Sichuan, Shandong, Jilin, Shanxi, Henan provinces, and in rural areas. It is the first domestically made car sold below 20,000 yuan in China, costing only 2,000 yuan more than the world's cheapest car, Tata Motor's Nano, referred to as "The People's Car." An average mid-range family car costs around 150,000 yuan in Beijing Friday.
Equipped with a 0.8-liter engine, the Jiangnan Alto's basic model has a top speed of 120 kilometers per hour. The whole body measures 3.3 meters long, 1.465 meters wide, and 1.41 meters high. The wheelbase of the vehicle is 2.175 meters.
Though the present basic model does not yet meet Beijing's vehicle discharge standards, Zotye Auto is in the process of upgrading the vehicle to meet the capital's emission regulations. The whole series of Alto vehicles will be made available in the Beijing market at the same price as elsewhere.
An insider at Zotye Auto said the vehicle is selling at a loss at present. The Alto series was previously produced by joint-venture enterprise Changan Suzuki, but Zotye has bought the whole vehicle intellectual property rights and it is now manufactured in Changsha, Hunan Province.