Hu Maoyuan, the president of Shanghai Automotive Industry Corporation, has disclosed to local media that SAIC Group will invest CNY6 billion over the next two years for research and development on new energy vehicles.
At the China Clean Energy International Summit, Hu said that CNY2 billion of the CNY6 billion investment, will be used to set [...]

Shanghai Automotive Industry Corporation Group says it will invest more than CNY12 billion to develop new energy vehicles and actively progress the industrialization of the key components of new energy automobiles.
Li Jirong, the vice president of SAIC Group, has disclosed to the Chinese media that the company will adjust its product structure and mainly focus [...]

Beijing-based Foton Automobile Company has signed a sales contract with Taiwan Chengyun Automobile Company to provide 75 Euro V hybrid buses.
This is said to be the first time that an automobile manufacturer from mainland China has sold new-energy vehicles to Taiwan.
In January 2008, Foton delivered 30 Euro V hybrid buses to Guangzhou No. 1 Bus [...]

In a prelude to tapping into the North American market, the Chinese battery manufacturer and automaker BYD is to display its electric cars at the annual shareholders' meeting of U.S. conglomerate Berkshire Hathaway in May.
BYD was invited to attend by the U.S. billionaire investor Warrent Buffett, who made an investment in the Chinese company in [...]

Phase II of Beiqi Foton Motor Co., Ltd.'s new energy bus project has been now finished and put into production with an investment of CNY230 million.