ShareJunction

This was what i meant when I sais China Auto Elec will benefit from China Tariff cut on auto parts.

SHANGHAI (AP) -- General Motors China and state-owned automaker FAW Group Corp. launched a 2 billion yuan ($293 million) joint venture Sunday to make light-duty trucks and vans, initially for the fast-growing Chinese market.

GM said the joint venture will use two existing factories affiliated with FAW and have a capacity of over 100,000 vehicles. That is expected to double by the end of 2010, GM China Group President Kevin Wale told reporters in a conference call.

Plans call for building a new assembly plant in Harbin, he said.

China is a key growth market for GM, which is expanding here despite its difficulties in the U.S. market.

"Light trucks and vans have a significant role in China and other parts of the world," Wale said. "Adding trucks rounds out our vehicle portfolio in China. It's really a key focus for future growth."

The 50-50 joint venture, based in the northeastern Chinese city of Changchun, where FAW is also based, will make FAW-branded vehicles for the Chinese market, GM said in a statement. The venture might make GM-branded vehicles for export later, but the focus for now is on meeting demand in China, Wale said.

Production will be at the existing factories in southwestern China's Yunnan province, a facility owned by FAW-affiliate Hongta Yunnan Automobile Manufacturing Co. Ltd., and at Harbin Light Vehicle Co. Ltd. in the northeastern city of Harbin, GM said.

It said the two companies will conduct research and development, exports and after-sales support as well as vehicle production.

"Our new joint venture combines the expertise of two industry leaders in a partnership that benefits both," Nick Reilly, GM executive vice president, said in a statement.

"It will address demand in China and other markets for high-quality, affordable products in one of the industry's most robust segments, while complementing the portfolio of products that GM and FAW currently offer," Reilly said.

Discussions on the venture began in early 2007 and it obtained regulatory approval in July, GM said.

FAW, originally known as First Auto Works, was founded in 1953 and began production in 1956. It sold 1.53 million vehicles, including sedans, vans and trucks, in 2008.

GM's sales in China jumped 38 percent in the first half of this year, helped by strong demand for its minivans and other small vehicles. The automaker sold more than 100,000 vehicles a month in China from January to June for a total of 814,442, a record for any half year, the company said. That compares with sales of 1,094,561 GM vehicles in China for all of 2008.

Adding truck production will help expand the company's exposure in one of the few major markets that continues to grow.

"These are quite different customers and quite different products," Wale said.

He said he expected GM's commercial vehicle sales to reach 80,000 to 90,000 this year and to rise further next year.

Buzz up! 1

Joined: 06 Aug 2009 Posts: 35

And both FAW and GM are customers of China Auto Elec.

China Auto Electronics Group Limited Formerly known as China Transcom Technologies Limited. The Group's principal activity is manufacturing automobile wire harness and connectors. It has 8 manufacturing facilities in China and one in Central America. The Group is the OEM supplier for automakers such as Dongfeng Motor Corporation, Shanghai Volkswagen Automotive Company Ltd, FAW-Volkswagen Automobile Company Ltd, General Motors Corporation, Chery Automobile Company Ltd and Changan Automobile Group Ltd. The Group also manufactures crimping machines and moulds. In 2007, the Group disposed its telecommunication, data network products and transportation communication products division.

Joined: 06 Aug 2009 Posts: 35

Thats a 2 billion RMB JV!

This was what i meant when I sais China Auto Elec will benefit from China Tariff cut on auto parts.

SHANGHAI (AP) -- General Motors China and state-owned automaker FAW Group Corp. launched a 2 billion yuan ($293 million) joint venture Sunday to make light-duty trucks and vans, initially for the fast-growing Chinese market.

GM said the joint venture will use two existing factories affiliated with FAW and have a capacity of over 100,000 vehicles. That is expected to double by the end of 2010, GM China Group President Kevin Wale told reporters in a conference call.

Plans call for building a new assembly plant in Harbin, he said.

China is a key growth market for GM, which is expanding here despite its difficulties in the U.S. market.

"Light trucks and vans have a significant role in China and other parts of the world," Wale said. "Adding trucks rounds out our vehicle portfolio in China. It's really a key focus for future growth."

The 50-50 joint venture, based in the northeastern Chinese city of Changchun, where FAW is also based, will make FAW-branded vehicles for the Chinese market, GM said in a statement. The venture might make GM-branded vehicles for export later, but the focus for now is on meeting demand in China, Wale said.

Production will be at the existing factories in southwestern China's Yunnan province, a facility owned by FAW-affiliate Hongta Yunnan Automobile Manufacturing Co. Ltd., and at Harbin Light Vehicle Co. Ltd. in the northeastern city of Harbin, GM said.

It said the two companies will conduct research and development, exports and after-sales support as well as vehicle production.

"Our new joint venture combines the expertise of two industry leaders in a partnership that benefits both," Nick Reilly, GM executive vice president, said in a statement.

"It will address demand in China and other markets for high-quality, affordable products in one of the industry's most robust segments, while complementing the portfolio of products that GM and FAW currently offer," Reilly said.

Discussions on the venture began in early 2007 and it obtained regulatory approval in July, GM said.

FAW, originally known as First Auto Works, was founded in 1953 and began production in 1956. It sold 1.53 million vehicles, including sedans, vans and trucks, in 2008.

GM's sales in China jumped 38 percent in the first half of this year, helped by strong demand for its minivans and other small vehicles. The automaker sold more than 100,000 vehicles a month in China from January to June for a total of 814,442, a record for any half year, the company said. That compares with sales of 1,094,561 GM vehicles in China for all of 2008.

Adding truck production will help expand the company's exposure in one of the few major markets that continues to grow.

"These are quite different customers and quite different products," Wale said.

He said he expected GM's commercial vehicle sales to reach 80,000 to 90,000 this year and to rise further next year.

Buzz up! 1

Joined: 06 Aug 2009 Posts: 35

And both FAW and GM are customers of China Auto Elec.

China Auto Electronics Group Limited Formerly known as China Transcom Technologies Limited. The Group's principal activity is manufacturing automobile wire harness and connectors. It has 8 manufacturing facilities in China and one in Central America. The Group is the OEM supplier for automakers such as Dongfeng Motor Corporation, Shanghai Volkswagen Automotive Company Ltd, FAW-Volkswagen Automobile Company Ltd, General Motors Corporation, Chery Automobile Company Ltd and Changan Automobile Group Ltd. The Group also manufactures crimping machines and moulds. In 2007, the Group disposed its telecommunication, data network products and transportation communication products division.

Joined: 06 Aug 2009 Posts: 35

Thats a 2 billion RMB JV!

This was what i meant when I sais China Auto Elec will benefit from China Tariff cut on auto parts.

SHANGHAI (AP) -- General Motors China and state-owned automaker FAW Group Corp. launched a 2 billion yuan ($293 million) joint venture Sunday to make light-duty trucks and vans, initially for the fast-growing Chinese market.

GM said the joint venture will use two existing factories affiliated with FAW and have a capacity of over 100,000 vehicles. That is expected to double by the end of 2010, GM China Group President Kevin Wale told reporters in a conference call.

Plans call for building a new assembly plant in Harbin, he said.

China is a key growth market for GM, which is expanding here despite its difficulties in the U.S. market.

"Light trucks and vans have a significant role in China and other parts of the world," Wale said. "Adding trucks rounds out our vehicle portfolio in China. It's really a key focus for future growth."

The 50-50 joint venture, based in the northeastern Chinese city of Changchun, where FAW is also based, will make FAW-branded vehicles for the Chinese market, GM said in a statement. The venture might make GM-branded vehicles for export later, but the focus for now is on meeting demand in China, Wale said.

Production will be at the existing factories in southwestern China's Yunnan province, a facility owned by FAW-affiliate Hongta Yunnan Automobile Manufacturing Co. Ltd., and at Harbin Light Vehicle Co. Ltd. in the northeastern city of Harbin, GM said.

It said the two companies will conduct research and development, exports and after-sales support as well as vehicle production.

"Our new joint venture combines the expertise of two industry leaders in a partnership that benefits both," Nick Reilly, GM executive vice president, said in a statement.

"It will address demand in China and other markets for high-quality, affordable products in one of the industry's most robust segments, while complementing the portfolio of products that GM and FAW currently offer," Reilly said.

Discussions on the venture began in early 2007 and it obtained regulatory approval in July, GM said.

FAW, originally known as First Auto Works, was founded in 1953 and began production in 1956. It sold 1.53 million vehicles, including sedans, vans and trucks, in 2008.

GM's sales in China jumped 38 percent in the first half of this year, helped by strong demand for its minivans and other small vehicles. The automaker sold more than 100,000 vehicles a month in China from January to June for a total of 814,442, a record for any half year, the company said. That compares with sales of 1,094,561 GM vehicles in China for all of 2008.

Adding truck production will help expand the company's exposure in one of the few major markets that continues to grow.

"These are quite different customers and quite different products," Wale said.

He said he expected GM's commercial vehicle sales to reach 80,000 to 90,000 this year and to rise further next year.

Buzz up! 1

Joined: 06 Aug 2009 Posts: 35

And both FAW and GM are customers of China Auto Elec.

China Auto Electronics Group Limited Formerly known as China Transcom Technologies Limited. The Group's principal activity is manufacturing automobile wire harness and connectors. It has 8 manufacturing facilities in China and one in Central America. The Group is the OEM supplier for automakers such as Dongfeng Motor Corporation, Shanghai Volkswagen Automotive Company Ltd, FAW-Volkswagen Automobile Company Ltd, General Motors Corporation, Chery Automobile Company Ltd and Changan Automobile Group Ltd. The Group also manufactures crimping machines and moulds. In 2007, the Group disposed its telecommunication, data network products and transportation communication products division.

Joined: 06 Aug 2009 Posts: 35

Thats a 2 billion RMB JV!

This was what i meant when I sais China Auto Elec will benefit from China Tariff cut on auto parts.

SHANGHAI (AP) -- General Motors China and state-owned automaker FAW Group Corp. launched a 2 billion yuan ($293 million) joint venture Sunday to make light-duty trucks and vans, initially for the fast-growing Chinese market.

GM said the joint venture will use two existing factories affiliated with FAW and have a capacity of over 100,000 vehicles. That is expected to double by the end of 2010, GM China Group President Kevin Wale told reporters in a conference call.

Plans call for building a new assembly plant in Harbin, he said.

China is a key growth market for GM, which is expanding here despite its difficulties in the U.S. market.

"Light trucks and vans have a significant role in China and other parts of the world," Wale said. "Adding trucks rounds out our vehicle portfolio in China. It's really a key focus for future growth."

The 50-50 joint venture, based in the northeastern Chinese city of Changchun, where FAW is also based, will make FAW-branded vehicles for the Chinese market, GM said in a statement. The venture might make GM-branded vehicles for export later, but the focus for now is on meeting demand in China, Wale said.

Production will be at the existing factories in southwestern China's Yunnan province, a facility owned by FAW-affiliate Hongta Yunnan Automobile Manufacturing Co. Ltd., and at Harbin Light Vehicle Co. Ltd. in the northeastern city of Harbin, GM said.

It said the two companies will conduct research and development, exports and after-sales support as well as vehicle production.

"Our new joint venture combines the expertise of two industry leaders in a partnership that benefits both," Nick Reilly, GM executive vice president, said in a statement.

"It will address demand in China and other markets for high-quality, affordable products in one of the industry's most robust segments, while complementing the portfolio of products that GM and FAW currently offer," Reilly said.

Discussions on the venture began in early 2007 and it obtained regulatory approval in July, GM said.

FAW, originally known as First Auto Works, was founded in 1953 and began production in 1956. It sold 1.53 million vehicles, including sedans, vans and trucks, in 2008.

GM's sales in China jumped 38 percent in the first half of this year, helped by strong demand for its minivans and other small vehicles. The automaker sold more than 100,000 vehicles a month in China from January to June for a total of 814,442, a record for any half year, the company said. That compares with sales of 1,094,561 GM vehicles in China for all of 2008.

Adding truck production will help expand the company's exposure in one of the few major markets that continues to grow.

"These are quite different customers and quite different products," Wale said.

He said he expected GM's commercial vehicle sales to reach 80,000 to 90,000 this year and to rise further next year.

Buzz up! 1

Joined: 06 Aug 2009 Posts: 35

And both FAW and GM are customers of China Auto Elec.

China Auto Electronics Group Limited Formerly known as China Transcom Technologies Limited. The Group's principal activity is manufacturing automobile wire harness and connectors. It has 8 manufacturing facilities in China and one in Central America. The Group is the OEM supplier for automakers such as Dongfeng Motor Corporation, Shanghai Volkswagen Automotive Company Ltd, FAW-Volkswagen Automobile Company Ltd, General Motors Corporation, Chery Automobile Company Ltd and Changan Automobile Group Ltd. The Group also manufactures crimping machines and moulds. In 2007, the Group disposed its telecommunication, data network products and transportation communication products division.

Joined: 06 Aug 2009 Posts: 35

Thats a 2 billion RMB JV!

Login Register

China Auto Electronics Group Ltd

Nov 09, 2009 10:03 am Post subject: 中国10月份乘用车销量同比激增79.6%

<中国日报>(China Daily)上周六援引中国乘用车协会(China Passenger Car Association)秘书长饶达的话报导称，中国10月份乘用车销量较上年同期攀升79.6%，至923,154辆。该报援引饶达的话报导称，10月份乘用车销量强劲主要受政府税收优惠政策和国庆长假提振。该报称，1-10月份中国乘用车销量较上年同期增长52.4%，总计808万辆。报导还援引饶达的话表示，中国全年乘用车销售量可能会较上年增长44%，达到1,350万辆，如果这一预期能够实现，中国将成为本年度全球最大的汽车市场。 source of info: http://www.chinese.wsj.com/gb/20091109/bch082716.asp?source=whatnews2

Posted: Thu Oct 22, 2009 11:31 pm Post subject:

Newbie Posts: 1 Points: +0/-0 [Good!] [Bad!] Online Re: CHINA AUTO ELECTRONICS GRP LTD « Reply #10 on: Yesterday at 04:16:24 pm » -------------------------------------------------------------------------------- I am more towards negative for CAE for time being till result out around 14th Nov or 1 week before. ie no breakout. of course i prefer i am wrong as i am vested more than 500 lots average $0.1715. The Chart looks a little complex to me, hope it is worth what it is See this newbie bought so much CAE...is it true its results is out around 14Nov