China Auto Industry: We're as Good as the Koreans

Chinese carmakers have yet to make inroads into developed markets partly because quality, safety and brand recognition still lag behind rivals.

Published: 29-Dec-2009

In a sprawling factory south of Shanghai, Li Shufu, the self-made Chinese billionaire who is poised to buy Volvo Car Corp. from Ford Motor Co., is presiding over a new-model launch party. If he has any concerns that his Geely Automobile Holdings Ltd.’s rising sales and surging stock price could falter, he’s not showing them on that summer day.

Geely, the publicly traded automaker that Goldman Sachs Group Inc. is backing to the tune of $334 million, is unveiling its first homegrown model specifically designed for Western markets, Bloomberg Markets reported in its February 2010 issue.

The gleaming-white four-door compact, which retails for $11,700 to $17,600 in China, is called the Emgrand, a name made up to conjure grandeur.


Toyota Prius with solar panels on roof that provide 165 watts of power per hour, not enough to propel the car more than a couple miles.

Solar Electric Vehicles sells its version of a plug-in Prius, with a solar panel installed, for $25,000.

Solar Millennium's AnderSol-2 solar thermal project in Egypt.

Retrofitting existing power plants is a low-cost option for solar-thermal projects because the steam turbines that are needed come for free.

Professor David Banister

Travel growth in a car-dependent society must be confronted so that people travel less, not more, writes Oxford Professor of Transportation Studies at Oxford University, David Banister.


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