Chinese car marker BYD back at Detroit Auto Show

Chinese car maker BYD has some ambitious plans in the US. There are so many car makers in China that it makes it really hard to predict who will emerge as a global player.

From the Detroit News:

Detroit — China’s carmakers are becoming regular fixtures at international auto shows, and China’s BYD Auto Inc. is back in Detroit for the second year in a row.

BYD, which stands for “Build Your Dreams,” is displaying its e6 battery-powered electric sedan at the North American International Auto Show this week and hopes to sell it in the U.S. later this year.

BYD is one of China’s most ambitious carmakers, proclaiming at last week’s show preview for media that it aimed to become China’s No. 1 automaker by 2015 — and the world’s biggest by 2025.

Read the full article here.

  

Chinese companies in running for Volvo

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Ford is trying to recoup its initial $6.45 billion investment Volvo by selling the brand. That seems like a challenge in this market, but it looks like several Chinese companies are in the running.

Well, today we have word via Chinese news reports that Chery, for one, has been given the greenlight to enter the Volvo lottery by the Chinese government. Other interested parties are rumored to be Dongfeng Motor Group and Chongqing Changan Automobile Co, along with a “European constellation,” whatever that means.

This would be a nice shot in the arm for Ford. In one sense it’s distressing to see the Chinese scooping up brands around the world, but that’s not a problem if Ford gets a fair price.

  

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