China Car Forums banner

1 - 20 of 65 Posts

·
Administrator
Joined
·
16,844 Posts
Discussion Starter · #1 ·
Proton has secured a deal to supply fully built-up (CBU) Proton GEN2 cars to Youngman Automobile Group Ltd Co. to be sold in China. The agreement was signed between Proton Managing Director Dato’ Syed Zainal Abidin Syed Mohamed Tahir and Youngman through its Chairman, Pang Qingnian.

The deal involves a minimum of 30,000 Proton GEN2 CBU cars that wil be rebadged in China under the brand EUROPESTAR and eventually Youngman and Proton (through Lotus Engineering) will be developing a new range of EUROPESTAR cars together. This supply contract is for a period of 20 months from the date of the first delivery of vehicles.

I think it’s best that the underlying components of these new EUROPESTAR cars use component sharing with Proton cars, that way the economies of scale for both Youngman’s EUROPESTAR and Proton can improve together. From what I understand, the deal involves technical licensing of the GEN2 platform as well as the CamPro engine for future EUROPESTAR cars

Proton MD Syed Zainal says these are landmark win-win agreements as it would enable Proton to sell its products and commercialise its technologies in China through Youngman for their brand of passenger cars in a huge market with promise of exponential growth. Imagine, the Chinese auto market is already huge as it is, yet in reality Chinese car ownership is only at 1% of it’s population and is set to grow by 20 to 30% annually.

“We are therefore positive with the prospects and export optimisation that will result in production volume increase at the Tanjung Malim plant. We are equally optimistic of the opportunities in commercialisation of PROTON’s technologies and intellectual property rights,” added Syed Zainal.

However, in Proton’s announcement in Bursa Malaysia, it stated that the relationship of Proton and Youngman is one of independant contracting parties and shall not be construed as creating an agency or partnership between the parties.
http://paultan.org/archives/2007/07/13/youngman-to-sell-proton-gen2-badged-as-europestar-in-china/
 

·
Registered
Joined
·
507 Posts
What's a "fully built-up (CBU)" car??? It sounds like an import of a fully assembled car, right? Doesn't that get hit with heavy taxes?
 

·
Premium Member
Joined
·
1,055 Posts
hey martin, those spy pics are really nice! i like proton but this is sad that they are entering china, since chinese manufacturers should eb taking out proton in its original domains like south east asia...

a chinese car manufacturer should just buy them out

im sure they are valuated very low
 

·
Administrator
Joined
·
16,844 Posts
Discussion Starter · #5 ·
At the moment Proton is in financial difficulties as it's experiencing decrease in sales and in marker share. The company is looking for foreign partner. At the moment they are at talks with VW but no deal has been made yet.

The Prime Minister Datuk Seri Abdullah Ahmad Badawi says the government has not decided yet whether to allow management control of Proton by Volkswagen AG. He cited Volkswagen’s insistence on wanting to be very certain of everything - you could call it cautiousness - as one of the reasons why the deal is taking some time to be finalised.

“We want as soon as possible but we can’t force them to hurry up,” added Abdullah. Apparently Volkswagen is just waiting for a nod from the government in regards to the management control.
source: paultan.org
 

·
Administrator
Joined
·
16,844 Posts
Discussion Starter · #6 · (Edited)
Youngman finally got its Chinese name - from China Car Times

Today we’re happy to report that the Lotus Racer, made via the Youngman Proton tie up will be called the Jing Su in China, this means to contend with quickness, or it could be translated as to struggle with quickness.
The Lotus designed motor should be on the Chinese market by the end of December priced at 120 to 150,000rmb. We’re not sure how, or where they will sell it though, we’ve yet to see a Youngman dealership, and if the car looks anything like this, they just wont sell.
 

·
Registered
Joined
·
547 Posts
I found a new picture of Chinese Gen-2. This time it is called a 'RCR' ?

 

Attachments

·
Administrator
Joined
·
16,844 Posts
Discussion Starter · #12 ·
From paultan.org:

348 units of completely built up Proton GEN2 cars are already on their way to China, having left the port today. This is the second shipment, with an initial batch of 60 already delivered earlier this month. Proton expects to ship a total of 1,600 CBU units by the end of January 2008. A total of 1,500 Proton GEN2s per month will be shipped over the next 20 months - a total of over 30,000 units. In addition, the first shipment of spare parts worth RM2 million has already been delivered.

The Proton GEN2 has undergone 6 months of testing in China in order to obtain the China Compulsory Certification, which includes build quality, crash test, safety, fitting, and component tests. It will be sold under the EuropeStar name in China.

Bookings for the Europestar-badged Proton GEN2 in the Chinese market has reached 1,600 units so far.
Europestar RCR is based on the GEN2 and it looks pretty much like a usual prefacelift GEN2 with Europestar badges slapped on! Many Chinese automotive publications have been referring to this car as a rebadged Lotus Racer, so the RCR most likely stands for RaCeR.

The Campro 1.6 liter engine under the Europestar RCR’s hood makes 84 kilowatts (112.6 horsepower) at 6,000rpm and 148Nm of torque at 4,000rpm - this is a 2 kilowatt boost over our standard 82 kilowatt (110 horsepower) Campro engines in Malaysia.

The Europestar RCR will be priced between 100,000 to 150,000 yuan, which is about RM45,000 to RM67,500. As previously mentioned, initial fully imported shipment into China by Jinhua Youngman will be 30,000 units, but once CKD operations are started the car will be offered at a lower price. It’s not known whether the version locally assembled in China will get the “unique styling“.
 

·
Administrator
Joined
·
16,844 Posts
Discussion Starter · #13 ·
Europestar RCR officially launched in China.

The Europestar RCR was officially launched in China on the 9th of January 2008 in Beijing. Europestar is a brand of Youngman Automobile Sales Co. Ltd., and the Europestar RCR is basically a rebadged Proton GEN2.

Youngman is confident of selling the 30,000 CBU units of Proton GEN2s within the 20 month delivery period, and has appointed 40 dealers to support the launch in terms of managing its sales, service and spare parts operations for the Europestar brand in China. CKD operations will begin soon after at Youngman’s plant in Jinan, which has an annual capacity of 300,000 units.

The Europestar RCR is targeted at small business owners, middle-income salaried workers and civil servants between the ages of 25-35 who Youngman expects to find the model stylish, comfortable and yet affordable. Youngman wants to capture 20% of the hatchback market in China within 2 years.
source: paultan.org
 

·
Administrator
Joined
·
16,844 Posts
Discussion Starter · #14 ·
RCR receives 3,800 orders in six days after launched in China!

January 15, 2008 - Just six days after being launched, the new-to-market Lotus RCR has received 3,800 orders in China, local newspaper Beijing Business Daily reported.

Lotus RCR was jointly launched by Chinese automaker Youngman Automobile Group and United Kingdom automaker Lotus on January 9 in Beijing. There are four options of the 1.6-liter RCR cars, which are priced between $17,800-20,500.

"We aimed to sell 30,000 units of RCRs this year," said Cui Wei, vice president of Youngman Auto, adding that the company will first import the completely built-up vehicles and later start assembling the completely-knocked-down or CKD kits.

The automaker also said it plans to launch 8 Lotus models with an engine size of between 1.6 litres and 3.0 litres, including sport car, sedan, SVU and MPV within the next four years. A little bit ambitious but the two partners are quite optimistic about the goal.
source: Gasgoo.com
 
1 - 20 of 65 Posts
Top