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Filed under: Hybrids/Alternative, China, Tech
Chinese battery manufacturer BYD can now be mentioned in the same breath as Goldman Sachs: both have recently been given the blue-chip imprimatur by U.S. billionaire investor Warren Buffet. The Oracle of Omaha's MidAmerican Energy Holdings has bought a 10-percent stake in BYD for $230 million.
BYD has big plans for its lithium-ion battery work and its automotive division. The company's automaking arm builds - or clones, depending on your viewpoint - cars that it intends to eventually export around the world, including America. Its ultimate aim is create its own cars that run on its own batteries, like the e6. Assuming that BYD gets the batteries to work, and then can sell them to other automakers, the company will have a huge competitive advantage. If it can sell its cars, that is.
Buffett's investment will help BYD achieve that, and should help Buffett make even more money. BYD says another planned use of that $230 million is to accelerate its move into the U.S. market, which was planned for 2010. When they finally do arrive, we'll see if Buffett has as much faith in their vehicles as he does in their batteries.
[Source: IHT]Read | Permalink | Email this | Comments
Filed under: Spy Photos, Sedans/Saloons, China, Buick, Misc. Auto Shows
Click above for more images of the 2010 Buick Regal
Two weeks ago we showed you spy shots of a 2010 Buick Regal caught testing in China that appeared to be nothing more than a rebadged Opel Insignia. (As you may recall, we'll be getting the 2010 Buick LaCrosse in the States.) All three of those cars are based on GM's Epsilon II platform, which we will also likely see under future vehicles from Saab, Saturn and Chevrolet. The Buick brand, and the popular Regal, are doing very well in China. As such, it's no surprise to see these latest spy shots of the barely disguised four-door Regal dipped in red, and it looks great despite being a badge job. The production version is expected to debut at the Guangzhou Auto Show in November. Thanks for the tip, Jason!
Gallery: 2010 Buick Regal - Spy Shots in Red
[Source: China Car Times]
Filed under: Spy Photos, Sedans/Saloons, China, Buick
Click above for high-res gallery of 2010 Buick Regal spy shots from China
We don't feel slighted anymore over the Chinese getting what appears to be a pretty nice looking Buick Regal, not after those spy shots from earlier today showing the 2010 Buick LaCrosse that we'll get in the U.S. After all, the Chinese Buick Regal appears to be not much more than an Opel Insignia with a new front end based on these spy shots, while the U.S.-spec Buick Lacrosse gets an entirely unique interior and exterior design. All three cars - the Opel Insignia, Chinese market Buick Regal and U.S. market Buick LaCrosse - are based General Motors' Epsilon II platform. Of course, the Buick brand is much bigger in China than here in the U.S., and the redesigned Regal, one of the cars that helped the brand gain popularity early on in China, looks ready to continue that trend. Thanks for the tip everyone!
Gallery: 2010 Buick Regal - spy shots
[Source: China Car Times]Permalink | Email this | Comments
Filed under: Hybrids/Alternative, Sedans/Saloons, China, Green, Chery
As it currently stands, gas in China costs about half what it does in most other countries, and the government spends billions to keep it that way. This being the case, expensive hybrids like the Toyota Prius don't sell in very large numbers. Still, there are a number of analysts who predict that gas will go up in China and that cheaper hybrids could begin to get a foot-hold in the Chinese market. To test the hybrid waters, Chery has introduced its home market to a new inexpensive mild hybrid built off its own A5 platform. Like some of the hybrids from General Motors, the A5 adds a belt-driven starter/generator that runs on just 12 volts and allows for stop/start functionality for its 1.6-liter four-cylinder engine. Chery tested the vehicle during the Olympic games and is apparently now ready to begin selling its first hybrid to retail customers in China at about a third of the cost of the Prius. With pricing like that, the expected 10-15-percent gain in fuel efficiency could provide plenty of incentive to choose a hybrid.
[Source: Automotive News - sub. req'd]
Read | Permalink | Email this | CommentsFiled under: China, Etc., Marketing/Advertising, Audi
Click the image above for more shots of the Audi mooncakes
Audi has given their customers in China and Hong Kong something they can sink their teeths into. The Mid-Autumn festival, celebrating the maiden in the moon, is accompanied by tasty pastries called mooncakes that people give to each other during the holiday. Audi has baked up a set of treats topped with model names like A6, S5, and R8. If they're as good as they look, it's a nice way to give props to the moonwoman. The festival is on September 14 this year, so if you're an Audi-phile and want to get a piece of R8 mooncake, there's still time... Be sure to check out the gallery below for more photos. Thanks for the tip, Denis!
Gallery: Audi Mooncakes
Filed under: Spy Photos, Economy, China, Chevrolet
Click above for more spy shots of the Chinese Chevy Lova
We were hoping to get a new sub-compact from Chevy that would ape the design of the Beat concept, but we're seeing more of a Malibu influence in these spy shots of what appears to be the next-gen Lova in China, or what we know as the Aveo in the U.S. The front grille especially looks inspired by the Malibu's schnoz, which is fine, but the rest of the car -- in particular the tall greenhouse -- is still easily identifyable by its econo-car roots.
You can also see a few shots of the interior in the gallery below. Though not very clear, the instrument panel looks agreeable, though you can bet the materials were chosen to hit a specific price-point rather than look and feel like high quality pieces.
Truthfully, however, we don't really know if this updated Lova has anything to do with the U.S. market Aveo, and these pics aren't the greatest. Still, it could hardly be any worse than what we've got now... right?
Gallery: Spy Shots: Chevy Lova
[Source: Jalopnik]Read | Permalink | Email this | Comments
Filed under: Convertibles, China, Chery
Click above for Chery Eastar convertible gallery
In case you were jonesing for a dose of weirdness from the Chinese auto industry today, Chery has complied. Behold the Chery Eastar convertible. China Car Times' headline asks, "The thinking man's Bentley?" Perhaps, if said man is doing his thinking after hitting the all-you-can-eat peyote buffet. Note the deftly-removed B-pillar and beautifully integrated extension between the front and rear doors, complete with a gap in the weatherstripping along the sills. Listen, we have no idea if this is some one-off novelty or something that's actually being considered. What we do know is that a Saabish-bodied 4-door luxo-vert with a Lexus-y nose and Mitsubishi Mirage rear end is exactly the kind of thing that makes following the Chinese auto industry so entertaining.
Gallery: Chery Eastar convertible
[Source: China Car Times]Read | Permalink | Email this | Comments
Filed under: Convertibles, Sports/GTs, China
Blame gas prices. Blame the housing market. Blame the dollar for being worth much less than it was in 2005. But ultimately, you'll probably need to blame the Chinese for the total lack of MGs being sold in the U.S.
Despite initial plans by MG's new owner, Nanjing Automobile Group Corp., to sell a U.S. version of the TF roadster, the company now says conditions are just wrong here in the States. "The U.S.A. isn't on the short-term radar as an anticipated market for us, but with the right product, it would be good to return there," Gary Hagen, marketing director of NAC MG, says in a story on Austin Rover Online. Of course, with the car also goes any hopes of a U.S. assembly plant in Oklahoma. The final twist of the knife is Hagen killing any hope of the company shipping Chinese-made kits to the U.S. for assembly.
Buck up, MG fans. You've waited 20 years. What's another 20? Right?
[Source: Austin Rover Online via Automotive News]Read | Permalink | Email this | Comments
Filed under: China, Etc.
We don't have much information on this, but apparently this theme-park looking concrete chicane is in use on a roadway in China to keep speeds down. The Not So Great Wall of China is about two-feet high and one-hundred serpentine feet long.
We can't imagine what people were doing on this road to necessitate one-way traffic slowed to a crawl. Or maybe the authorities are just trying to protect the trees and fields from pilots like the amphibious Audi R8 driver, since there doesn't seem to be a mammal anywhere in the area. Or perhaps a new Olympic sport? If you have any better (more educated) ideas, please feel free to fill us in in the comments... Thanks for the tip, Gabriel!
[Source: Nate]Read | Permalink | Email this | Comments
Filed under: Spy Photos, Economy, Sedans/Saloons, China, Honda, India
Honda is set to release the fourth-generation of its City subcompact and these newest spy shots show that development is well underway. The previous generation had been based on the Honda Jazz, known in the U.S. as the Fit, but the new model moves away from that platform and grows slightly larger in the process. Expect to see either a 1.3- or 1.5-liter i-VTEC SOHC engine underhood, along with either a standard manual tranny or a CVT automatic with seven preset ratios controlled through steering wheel-mounted paddles. Although Honda has no plans -- as far as we know -- to bring the City to the States, the Fit model has managed to post a huge 73% increase in sales this year. Considering how hot fuel-sipping little cars are these days in the U.S. market, Honda could certainly do worse than to offer this attractive new subcompact car in the States.[Source: paultan.org]
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Filed under: Car Buying, China, Volkswagen
Volkswagen was one of the pioneers in infiltrating the booming Chinese market, and now the automaker's early efforts are paying off handsomely. VW is planning to sell over 1 million vehicles in the land of the Great Wall in 2008, which should mean that the automaker's China sales will surpass those in Germany for the first time ever. While that may make it sound like there's a problem with VW's Germany sales, it's more a testament to a 19% market share in a country with 1.4 billion people.Volkswagen is also keeping the heat on the Chinese market, with 14 new vehicles scheduled for launch during the next two years. That's a substantially faster pace than the 11 products VW updated in the previous three years, and a big reason why sales will likely continue to rise. The automaker is turning a serious profit in China, and with products like the affordable and efficient up! on the horizon, Germany's volume automaker looks to be set up well in the worlds fastest-emerging market.
[Source: Automotive News - Sub. Req.]Read | Permalink | Email this | Comments
Filed under: China, Etc., Aston Martin
click above to view a hi-res gallery of Beijing 008
China, that's what. Artist Qin Yufen has just unveiled Beijing 008 with the help of Aston Martin chieftains Ulrich Bez and Kenny Chen. The art installation brings together a ginormous tape measure, a quote about disorder, a statuary tribute to Stephen Hawking that hangs from the ceiling, and a V8 Vantage in a way that ambiguously represents the mystery held by the 21st century. That is, according to artist Yufen. We think the fuzzy meaning will make the work more accessible to the public at large, as any statements made by Yufen's work is deliberately soft-spoken and open to interpretation. It is a wine-and-cheese set kind of way to commemorate the opening of an Aston Martin dealership in China, too.
Aston Martin is a strong supporter of artistic endeavors, and this is one way to celebrate the brand's entrance into the Chinese marketplace. It's not necessarily the way we would've chosen (autocross inside the Forbidden City?), but it's one way. The high level of craft that's historically gone into Astons also dovetails nicely with the handmade nature of the artwork. Easily interpreted art is all well and good, but the moment you fire up that Vantage, the intent is clear - go fast, be coddled. At least they didn't cut the car up to make some kind of pointless statement.
Gallery: Aston Martin V8 Vantage Art Installation
[Source: Aston Martin]
Continue reading What do a giant tape measure, a V8 Vantage and Stephen Hawking have in common?
Permalink | Email this | CommentsFiled under: China, Supercars, Ferrari, Special/Limited Editions
Click above to view the Ferrari FXX Evoluzione in hi-res
We're not quite sure to make of this, but apparently of the 29 hand-selected participants from the Ferrari FXX development program, only three opted (or were deemed worthy) to continue with the even more exclusive FXX Evoluzione.
The progression of the previous initiative revolves around an even more extreme derivative of the Enzo. The FXX Evoluzione, as we reported back in October of last year, features a heavily revised variable aerodynamics package and advanced electronics, channeling 860 horsepower from the developmental supercar's 6.3-liter V12 with its atmospheric 9500 rpm redline. Of the three FXX Evoluziones made, two are heading to Hong Kong, with the remaining third example being presented to an unspecified European client.
UPDATE: We've been informed that while only three brand new examples of the FXX Evoluzione were built, most (if not all) of the original 29 FXXs have been retrofitted to Evoluzione spec. Thanks to tipster SPHFerrari for the correction.
Gallery: Ferrari FXX Evoluzione
[Source: Italiaspeed]Read | Permalink | Email this | Comments
Filed under: China, Etc., Green, Marketing/Advertising, MINI
Click above for more shots of the MINI Clubman Rickshaws
The rickshaw is a time-honored method of transportation in China. While the vehicles were initially pulled around by men on foot, the pedal-powered versions have grown much more popular in recent years and are a symbol of Chinese culture. When Beijing MINI needed an interesting way to communicate that the Clubman model was being introduced in Chinese, especially in light of all the media attention on the Olympics, it back-halved a slew of new Clubmans, mounted a pedicab front-end and sent them out for business.
According to China Car Times, MINI's publicity stunt is working exactly as planned. Though the vast majority of media coverage is centered on those games from Greece, the MINI Rickshaws have managed to make some headlines of their own. We think the cabs turned out pretty cool, even incorporating the sunroof into the final design.
Gallery: MINI Rickshaws
[Source: China Car Times]Read | Permalink | Email this | Comments
Filed under: China, Dodge, Motorcycles
Click above for high-res gallery of the Tomahawk knock-off
Back before Chrysler was bought by Cerberus, you could always count on the automaker to roll out something truly special at the Detroit Auto Show. Whether by stampeding an entire herd of cattle through downtown Detroit or putting motorcycle bits all around the V10 engine of a Viper, Dodge has always found a way to capture people's attention. The Viper-inspired Tomahawk motorcycle was especially memorable. It seems that some are still miffed that Dodge never offered the fabled bike as a regular production machine, though a few were in fact created and sold as non-runners. Now a company (or companies, who knows?) in China has decided to offer a motorcycle based on the design of Dodge's original concept. We should stress that this is in no way a replica, as the original V10 engine has been replaced by a single cylinder 150cc engine and CVT transmission from a scooter. It's not street legal and also cannot be sold in California. As with all small-bore motorcycles and scooters coming from China with questionable origins, we really cannot recommend you purchase one for yourself with visions of riding it to work. If you just want to see it in your garage though, it'll surely work as a rolling sculpture quite nicely.
Gallery: Chinese Tomahawk Replica
[Source: ATV Discounter via 2fiddy.com]Read | Permalink | Email this | Comments