By Xinhuanet| 2021-02-16 22:27:26

German auto brand BMW is recalling 71 vehicles in the Chinese market due to flaws in seat side airbags, China's market regulator said.The recall, which will start Thursday, will involve imported 425i and 430i models produced between June 16 and Dec. 2, 2020, said a statement by the State Administration for Market Regulation.As the software parameters of the front seat side airbags are flawed, the timing of the front seat side airbag function may be delayed when the vehicles encounter a side impact.BMW China Automotive Trading Ltd. will reprogram the software on recalled vehicles free of charge, the statement said. Enditem

By Xinhuanet| 2021-02-12 00:33:08

The 737-800 Boeing Converted Freighter (BCF) project in China will add a new production line in Guangzhou, south China's Guangdong Province, according to Boeing China Wednesday.The new production line will be the third in the partnership between Boeing and Guangzhou Aircraft Maintenance Engineering Co., Ltd. (GAMECO) in Guangzhou. It will further meet the demand for freighter conversion driven by the booming express delivery and e-commerce sectors in the country, said Boeing China.Both sides will take it as an opportunity to implement an innovative and scalable production concept for conversions, which will boost deliveries and efficiency, it added.In 2016, Boeing launched the 737-800BCF project exclusively in China, where there is a surging e-commerce industry and a massive market. Boeing and its partners have established production lines for the project in three Chinese cities: Shanghai, Jinan and Guangzhou.To date, the 737-800BCF project has received more than 150 orders.GAMECO is a joint venture between China Southern Airlines Co., Ltd. and Hutchison Whampoa (China) Ltd. from Hong Kong. It specializes in aircraft and airborne component maintenance, repair and overhaul.China remains the world's second-largest civil aviation market, with continuous growth in total turnover, passenger traffic and cargo volume. Enditem

By Xinhuanet| 2021-02-08 20:46:05

Chinese automaker Geely Auto Group said Monday that its sales soared 40 percent year on year in January.Sales hit 156,326 units last month, up 1 percent from December, the automaker said.Among the sold cars, 4,289 were new energy vehicles.The company has met over 10 percent of its annual sales target, which was set at 1.53 million units this year.In January, Geely's exports skyrocketed 343 percent year on year to 10,031 units, the company said. Enditem

By Xinhuanet| 2021-02-01 20:54:05

Hongqi, a car brand under China's leading automaker FAW Group Co., Ltd., posted rising sales in January.The brand registered more than 32,500 units in vehicle sales last month, up 158 percent year on year, according to FAW Group.Hongqi, meaning "red flag," is China's iconic sedan brand. Established in 1958, the brand has been used as the vehicle for parades for national celebrations. It registered a new sales record in 2020, with the number of vehicles manufactured and sold both exceeding 200,000 units.Founded in 1953 in the northeastern city of Changchun, capital of Jilin Province, FAW Group is regarded as the cradle of China's auto industry. Enditem

By Xinhuanet| 2021-01-26 21:35:18

The 737-800 Boeing Converted Freighter (BCF) project in China has received in excess of 150 orders, according to Boeing China on Tuesday.The 737-800BCF project recently received 12 new orders, showing strong demand for converted freighters in the express delivery and e-commerce market, said Boeing China.In 2016, Boeing launched the 737-800BCF project exclusively in China, where there is a surging e-commerce industry and a massive market.To date, Boeing and its partners have established production lines for the project in three Chinese cities: Shanghai, Jinan and Guangzhou.The 737-800BCF freighters are suited to the transport of express cargo on domestic or short-haul routes, with a payload of up to 23.9 tonnes and a range of 3,750 km.According to Boeing's Commercial Market Outlook released in 2020, the global civil fleet will need 2,820 freighters, including 1,220 standard body converted freighters, to meet market demand.China remains the world's second-largest civil aviation market, with continuous growth in total turnover, passenger traffic and cargo volume. Enditem

By Xinhuanet| 2021-01-14 22:05:42

Zhiji Motor, a high-end smart electric-vehicle company in China, has debuted two smart new-energy vehicle (NEV) models in Shanghai.One model, an electric sedan, will be open for pre-order in April and delivered to customers in 2022, while the other model, an electric SUV, is expected to hit the market in 2022.Zhiji was jointly launched by leading Chinese automaker SAIC Motor, Zhangjiang High-tech Park in Shanghai's Pudong New Area and e-commerce giant Alibaba Group in November last year, with an expected investment of 10 billion yuan (1.53 billion U.S. dollars).On Wednesday, the company also announced that it would provide its customers with an autonomous-driving service in selective commercial centers in first-tier cities like Shanghai at the end of 2021, subject to regulatory approval and availability of high-precision maps.In these commercial centers, a Zhiji car driver can have the car move to a parking spot by itself or have it move to a designated location via an app on the phone.The service is expected to be available in more commercial centers in other Chinese cities in 2022, according to Zhiji. Enditem

By Xinhuanet| 2021-01-07 20:46:49

Driven mainly by the Chinese market, Volvo Cars on Thursday reported the strongest second-half-year sales in the company's history in 2020, as fast-growing demand for its electrified cars boosted the company's recovery from the COVID-19 pandemic's impact.According to a press release from the company on Thursday, in China and the United States, its two largest individual markets, the company reported growing sales for the full year as it managed to recover a pandemic-related sales drop in the first half during the second half of the year."We had a great second half of the year after a tough start, gaining market share in all our main sales regions," Lex Kerssemakers, head of Global Commercial Operations said in the release. "We aim to build on this positive trend in 2021 as we continue to roll out new electrified Volvos and expand our online business."While sales dropped by 21 percent in the first half of 2020, the company resumed its growth trajectory of recent years in the second half of 2020, reporting solid month-on-month growth from June onwards. Sales rose by 7.4 percent to 391,751 cars in the second half compared to the same period in 2019.Globally, Volvo Cars sold 661,713 cars in 2020, a decline of 6.2 percent compared to 2019. Although final numbers for the full year are yet to be confirmed, the company outperformed its competitors and gained a market share in all its main sales regions during the first eleven months of the year.In China, sales rose by 7.5 percent in 2020, to 166,617 cars, compared to 2019. In the United States, the company sold 110,129 cars, a 1.8 percent increase compared to the year before. In both markets, strong demand for the company's award-winning SUV line-up was responsible for the majority of sales volumes.In Europe, Volvo Cars saw strong demand for its Recharge cars in many key markets. A sluggish overall market, held down by pandemic-related restrictions, meant that overall sales fell by 15.5 percent for the whole year.The pandemic also accelerated the company's move towards online sales, which will continue to be a focus area in 2021. In 2020, Volvo Cars more than doubled its number of subscriptions sold online versus 2019. Conquest rates via this channel continued to be high, supporting the increase in market share.The company will launch several fully electric cars. By 2025, it aims for its global sales to consist of 50 percent fully electric cars, with the rest hybrids. It is currently the only car maker to offer a plug-in hybrid variant on every model in its portfolio.Volvo Cars, acquired by Chinese automaker Geely in 2010, employed an average of 36,278 people globally during the first six months of 2020. Enditem

By Xinhuanet| 2021-01-06 22:34:40

General Motors (GM) and its joint ventures delivered 2.9 million vehicles in China in 2020, with a year-on-year sales increase of 14.1 percent in the fourth quarter, GM China said on Wednesday.Although the COVID-19 epidemic impacted sales in the first quarter of 2020, they started to recover in the second quarter. Deliveries then posted a strong rebound in the second half, especially for SUVs, MPVs, and luxury vehicles, the company said.Last year, GM's Cadillac sales hit a record high of over 230,000 vehicles, increasing by 7.9 percent year on year. Chevrolet delivered nearly 291,000 automobiles, and Buick and Wuling sales increased by 4.1 percent and 8.8 percent, respectively, in 2020."We expect China's vehicle market to continue growing in the long term and have a positive outlook on 2021," said Julian Blissett, GM executive vice president and president of GM China.The company announced that more than 40 percent of its new launches in China would be new energy vehicles in the next five years. Enditem

By CFM| 2020-12-11 21:17:34

On December 2, 2020, the capital increase project of Zhejiang TONGMING High-End Stainless Steel Fastener Digital Factory was officially signed. This project will be settled in Jiaxing Economic Development Zone.In order to enhance digital transformation development and expand production capacity, TONGMING plans to implement the digital factory project for high-end stainless steel fasteners, with a total investment of no less than 350 million yuan. It is expected to invest high-end environmental protection intelligent equipment in the newly purchased land, and introduce advanced intelligent digital systems such as APS, WMS, MES, etc. At the same time, it will also enhance the intelligent logistics capacity of automatic warehousing, and upgrade the online sales platform. Through capital increase and expansion, TONGMING is further transforming into a digital and intelligent modern factory. After reaching the production capacity, the annual capacity of stainless steel fasteners will be increased by 40,000 tons. Annual output value will be increased by about 1 billion yuan, and annual tax revenue will be increased by about 28 million yuan. Meanwhile, government of Jiaxing Economic and Technological Development Zone will provide excellent service to ensure early landing, early completion and early commissioning of the project.Zhejiang TONGMING Stainless Steel Products Co., Ltd. is specialized in producing stainless steel fasteners and wires with a history of more than 30 years. It owns the brand of "the / Tong". TONGMING fastener is widely used in curtain wall, high-speed rail, communication, new energy, shipbuilding and other key industries as well as major projects at home and abroad.

By CFM| 2020-12-11 00:00:00

On November 24, 2020, Guli Town and Shanghai Jiujie Technology Co., Ltd. held the signing ceremony of "Jiujie Science and Technology Headquarters and Body Assembly Production Base Project". After the project puts into production, annual output value is expected to reach 1.4 billion yuan and annual tax revenue is 75 million yuan.The project is the headquarters of Shanghai Jiujie Technology Co., Ltd. Aiming at building Changshu No.1 auto body parts enterprise, the company will rely on main engine plants at home and abroad, such as Volkswagen, Guanzhi, Mercedes Benz, Audi, Toyota, Land Rover and so on, to develop itself into a leading automobile body parts manufacturer and professional car Body weight reduction solution provider in China, benchmarking international manufacturing enterprises.The project covers an area of 100,000 square meters, with a total investment of 1.05 billion yuan. It will construct by two phases. The first phase covers an area of 60,000 square meters. It is mainly used to produce body structure parts, automobile chassis structure parts and chassis assembly parts. The second phase covers an area of 40,000 square meters, which is used to expand the production of aluminum body structure parts and aluminum lightweight body assembly on the basis of phase I.Since the beginning of this year, Guli town has been making every effort to attract investment by meeting the requirement of high quality development and optimizing the business environment. As of November, 24 projects was successfully introduced with a total investment of 5.945 billion yuan. "We will be good attendants, escorts and runners for enterprise development, and help Jiujie to develop into a leading auto parts enterprise in Changshu, a benchmark of high-quality development." an officer of Guli town said.