Sinomania!

February 11, 2010

Changan Auto Expands Into EV Production

Chongqing Changan Automobile plans to issue new shares valued over half a billion US dollars according to the ShenZhen Stock Exchange. The capital raised will be for new capacity, factory upgrades, and research and development. Changan is China's leader in minivan production, a major component of the fast growing rural car market for public and private fleets. But Changan plans to debut an electric vehicle version of its Zhixiang sedan possibly this year. Today comes news that Korea's LG Chem will supply li-ion lithium batteries to Changan in a new deal....

Labels: batteries, chinese autos, electric cars, foreign trade

# posted by Sinomania! : 2/11/2010 05:13:00 PM 3 Comments

September 30, 2008

Buffett Bets on Chinese Batteries

Amid all the doom-and-gloom with American stocks Chinese investing remains a bright spot. Yesterday as the Dow Jones Industrial Average lost 7% value, famous stock picker Warren Buffett bought close to 10% of the shares of Chinese battery maker BYD, listed on the Hong Kong exchange as 1211.HK. The company is transforming itself into an electric car maker --BYD Auto -- with big plans. The F1 pictured here sells for under $3,000. One to watch!

Labels: batteries, BYD, chinese autos, clean tech, green energy, Warren Buffet

# posted by Sinomania! : 9/30/2008 11:11:00 AM 0 Comments

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About Me

Name: Sinomania!

Location: San Diego, California, United States

Ben Calmes writes, produces, and hosts a weekly broadcast on China, Chinese stock markets, and business matters, at the sinomania.com website. He has traveled alone extensively throughout eleven provinces, municipalities, and special administrative regions in China. His views on China have been sought by Moody's Investors Service, the World Economic Forum, the New York Times, Xinhua Finance, and the Council on Foreign Relations. Ben worked in the White House in the administration of President George H.W. Bush and as a consultant to the Clinton/Gore Transition Team. He has held responsible positions at government sponsored enterprises at the federal, state, and city level as well as the US Department of the Treasury and private enterprises. Ben has a B.A. from the University of Virginia and a M.A. from USC.