Wang Fuchang, deputy director of the Department of Equipment Industry of the Ministry of Industry and Information Technology, pointed out on the 5th that it is expected that by 2020, the number of vehicles in China will exceed 200 million, and the resulting energy security and environmenta
Read MoreAccording to XCMG, in 2010, XCMG’s operating income exceeded RMB 66 billion, a year-on-year increase of more than 30%, and its profit increased by more than 50% year-on-year, achieving a sound and rapid development. It has maintained its leading position in the construction machinery indust
Read MoreAccording to foreign reports, US General Motors filed an initial public offering (IPO) application with the Securities and Exchange Commission on the 18th, regarding the impact of IPO on GM China and GM’s attitude towards China’s largest partner, SAIC, on the IPO. The reporte
Read MoreCompared with the rise in oil prices last year, the Development and Reform Commission also said that it has significantly increased the price of oil, and announced a new measure, requiring PetroChina, Sinopec to use the upstream plate to subsidize the downstream. The relevant person of the Nationa
Read MoreWith the simultaneous acceleration of industrialization and urbanization in China, the Chinese special-purpose vehicle market will still maintain high demand. Before 2020, China will still be at the stage of simultaneous acceleration of industrialization and urbanization. It has the characteristic
Read MoreLujiang Gear Transmission Co., Ltd. has been processing automotive transmission housing technology and experience for many years, successfully conquering the processing technology problems of the barrel transmission housing, and working out a mature processing mode of the barrel transmission housi
Read MoreIt is not enough for China's manufacturing to become bigger and stronger, and rely solely on labor and resource advantages. Only independent innovation is the eternal driving force for business development. Grasping independent innovation, Weichai has formed a set of own practices: perse
Read MoreSince it was announced last year that it would achieve localization in China, Subaru’s selection of Chinese partners for joint ventures has attracted wide attention both inside and outside the industry. After several scandals, the reporter recently learned that its joint venture neg
Read MoreAccording to the German Automobile Industry Association (VDA) recently announced that in August 2010, the German car production was 338,500, an increase of 4% year-on-year, a decrease of 18.8% from the previous month, and the number of sedan exports was 252.55 million, an increase of 12% y
Read MoreAlphaliner, a French shipping consultancy, recently released its latest statistics at its headquarters in Paris. Since the beginning of this year, the global container ship loading capacity has increased by 19% to 13.8 million TEUs. The increase is mainly due to the delivery of new ships a
Read MoreThe Ministry of Industry and Information Technology will promote high-proportion methanol gasoline M85 and M100 in Minhang District, Shanxi, and Shaanxi Province from May this year. This move will bring a brighter color to the downstream demand for methanol. However, this move is only a drop in the
Read MoreRecently, the reporter learned from the State Electricity Regulatory Commission that in October the country will formally implement three standards for electric vehicle charging facilities. The other five standards are also under intense development. To prepare for the electric vehicle ele
Read More