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Daimler to invest €2b to expand China production

August 28, 2013

BEIJING, Aug 28 — Daimler AG, the maker of Mercedes- Benz cars, plans to invest €2 billion (RM9 billion) in China building its largest car factory as it seeks to challenge BMW and Audi in the country.

The plant is scheduled for completion as early as 2014 and will help Daimler double China production to more than 200,000 units a year, Hubertus Troska, 53, head of the China business, said in Beijing today. The investments will also go into an engine plant and other auto production facilities.

While Daimler is planning to sell about 300,000 vehicles by the middle of the decade with the introduction of 20 new or upgraded models, Volkswagen AG’s Audi reached that milestone in 2011 and Bayerische Motoren Werke AG did so last year. That means Daimler needs to step up expansion in China to meet its goal of becoming the world’s top luxury-car maker by 2020.

“Daimler has begun a catching-up process and is taking the right steps now,” said Juergen Pieper, a Frankfurt-based analyst with Bankhaus Metzler. “They didn’t prioritize the market as Volkswagen or BMW did a couple of years ago. Daimler is now correcting this mistake.”

The Stuttgart, Germany-based company last year appointed Troska to be the company’s first management board member to oversee operations in China. Prior to that, Troska ran the Mercedes trucks unit.

China improvement

Since then, he merged the company’s two distribution arms in China and set up a support unit to coordinate marketing, sales and training initiatives in the country.

China is set to become Daimler’s largest market as early as 2015, Troska said.

“If we’re not more successful in China, our goal of global position number one will be very difficult to achieve,” Troska said. “There’s a recognition that we need to improve our performance in China vis-a-vis some of our competitors.”

The automaker, which has a target of selling more than 1.4 million cars globally this year, will introduce its revamped E- class sedan later this week and the new S-class sedan later this year in China, which accounts for more than half of worldwide sales of the model.

On Daimler’s first Chinese engine plant, which will begin production in the fourth quarter, the company expects to begin shipping some parts to Germany from next year, Troska said. The quality of China-made components will be as good as if they were manufactured in Germany, he said.

Jimmy Cao, a BMW China spokesman, said that currently the company’s production at its China plants is for the Chinese market. Audi China spokesman Martin Kuehl said the carmaker doesn’t export from China. — Bloomberg

- See more at: Daimler to invest
 
:coffee:

Google VP Hugo Barra joins Chinese smartphone maker Xiaomi

Summary: Former Google executive Hugo Barra has joined Chinese smartphone manufacturer Xiaomi to help the company develop and manage its product portfolio.

By Charlie Osborne

In what is likely to be a windfall for Xiaomi, Google executive Hugo Barra is joining the firm and taking on the role of Global Vice President to help the Chinese smartphone creator grow internationally.

Hugo Barra has confirmed a move to Xiaomi, a Chinese smartphone manufacturer that has gone from strength to strength in recent years. While well-known in China, the brand is not often recognizable outside of Asia -- which is what Barra will attempt to tackle in his new role.

The former vice president of product management for Android at Google has worked for the tech giant for nearly five and a half years. A regular face at Google events and product launches, Barra has been heavily involved in development and expansion of the Android operating system, but will now focus his attention on the global expansion of Xiaomi products.

The Beijing-based company separates itself from cheap handset makers by manufacturing customized Android smartphones. Recently valued at $10 billion, the company claims a 2.5 percent stake in the Chinese smartphone market. In comparison, according to Analysys International, Apple has a 4.6 percent market share, and Samsung claims a market share of 18.6 percent.

Xiaomi has only been in operation for the past two years, but hopes to sell 20 million devices this year.

In a statement, Google confirmed the departure, and said that while the company will miss him, the tech giant is "excited that he is staying within the Android ecosystem."

Barra later took to Google+ to publish his thoughts on the move, calling it a "new career chapter" after working with the Google Android team for nearly three years. Barra said:

"In a few weeks, I'll be joining the Xiaomi team in China to help them expand their incredible product portfolio and business globally — as Vice President, Xiaomi Global. I'm really looking forward to this new challenge, and am particularly excited about the opportunity to continue to help drive the Android ecosystem.

It has been an amazing ride and true honor to be part of the Android team at Google."


Google VP Hugo Barra joins Chinese smartphone maker Xiaomi | ZDNet
 
New 7-D cinema steals the thunder in Shanghai
Updated: 2013-08-30 07:29 By Matt Hodges in Shanghai ( China Daily)

Chinadaily.com.cn

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An audience has fun with so-called 7-D cinema on Wednesday during the Shanghai International Science and Art Exhibition.GAO ERQIANG / CHINA DAILY



Seven Wonders of the World, seven-star hotels and now, according to its creators at least, witness the arrival of 7-D cinema - complete with handheld guns, machine-created bubbles, and a few early glitches.

Shanghai Qing Yu Intelligent Systems Engineering claims to have come up with the concept and plans to commercialize it locally this fall.

The company is running a pilot version at the Shanghai International Science and Art Exhibition, which kicked off on Wednesday and runs until Monday.

The concept remains a little vague and may be just a clever marketing ploy - even the company's project director confessed to not knowing what one of the D's represented - but it more closely resembles a theme park attraction or multiple-user arcade game than a screening at your nearest multiplex.

In addition to 3-D specs, rotating seats and smoke machines, which have garnered lukewarm reaction as theaters worldwide experiment with films in 3-D and 4-D, 7-D has plastic ray guns and shoot-'em-up style arcade games.

"3-D is purely visual; 4-D is mostly about movement, that is, vibrating and rotating seats; 5-D is more sensual, such as thunder and lightning, water splashes and changes in temperature," said Ray Zhang, who works for the company. "There is no 6-D, actually. And 7-D refers to the interaction between man and machine."

Local media accounted for the lost dimension by referring to the interactivity between users on-screen, but it was unclear how this differs, if at all, from regular multiplayer games.

Meanwhile, the website of People's Daily reported on what sounded like similar 7-D cinemas opening in Beijing in March, and in Zhoukou city, Henan province, in July.

The latter features electronic guns and the simulated effect of wind, rain, thunder and snow "as though you are a character in the movie," it said.

"This is like the next evolution of computer games. It takes that as a basic foundation, but up to 50 people can (potentially) enjoy the experience at once. I feel that it's more like a movie than a game," Zhang said. "We can also tailor this attraction in different ways for different clients."

The company has invested 5 million yuan ($817,000) in the project and will open its first outlet to the public somewhere in the city's Jiading district in October, according to Zhang.

One 15-minute "movie" or ride will cost around 50 yuan per person. "If the market responds well, we'll expand."

At Shanghai Exhibition Center on Wednesday a long line had formed around a spacious black cube. Inside, six people bucked around on what looked like a borrowed roller coaster car in front of a large screen.

They were issued electronic glasses and video-game guns on the way in, asked to choose from one of three "movies" (10-minute computer game animations ranging from pirate attacks to air raids), and assigned characters. Afterwards, each was awarded a separate score.

The attraction opened at 9:30 am and within two hours only one of the six guns was still working due to damage done to the electronic cables.

"Come back tomorrow and have a go," said an exhibitor manning the exit door.

Shanghai local Mark Chen, 12, said the experience was "richer and more enjoyable" than playing on his Xbox, despite the technological hiccup, but still fell short of expectations. "The 3-D effects were okay, but the gun didn't work. It felt more cinematic than gamelike, because there wasn't enough interaction."
 
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China Enterprise Confederation/China Enterprise Directors Association (CEC/CEDA) post the new Top 500 enterprises of China
In 2012, top 500 enterprises
Total Assets:151trillion Yuan(24.7trillion $),
total operating income:50.02trillion Yuan(8.17 trillion $, 67% of Top500 of US),
Pay taxes:600billion $,36% of China's tax
The last one operating income:19.8billion Yuan(3.23 billion $)
In which 132 of them operating income is more than 100billion Yuan(16.3billion$)
310 State-owned enterprises and 190 private enterprise,
Top 30 of them:
No. Income(BN$) Enterprises
1 462.52 China Petroleum & Chemical Corporation
2 438.48 China National Petroleum Corporation
3 307.68 State Grid Corporation
4 138.95 China Industrial and Commercial Bank of China Limited
5 116.58 China Construction Bank
6 106.19 Agricultural Bank of China
7 101.46 Bank of China
8 99.87 China Mobile
9 93.41 China State Construction Engineering Corporation
10 86.04 China National Offshore Oil Corporation
11 79.55 China Railway Construction Corporation
12 79.08 China Railway Group Limited
13 78.59 Shanghai Automotive Group Co., Ltd.
14 75.95 China Life Insurance Company
15 74.05 China Sinochem Corporation
16 68.75 China Southern Power Grid Co., Ltd.
17 66.89 China First Automobile Group
18 63.63 Dongfeng Motor Corporation
19 59.82 China North Industries Group
20 57.15 China CITIC Group
21 56.20 Shenhua Group
22 55.54 China Ping An Insurance Co., Ltd.
23 55.03 China Telecom
24 54.07 China Resources National Corporation
25 53.41 China Minmetals Corporation
26 52.51 China Post
27 49.45 China Ordnance Equipment Group
28 49.12 China Aviation Industry Group
29 48.80 China Communications Construction Group
30 47.10 Baosteel Group
 
Operation of Electric Trams for the City of Shenyang, Liaoning Province - the Host city of the 12th National Games

http://www.defence.pk/forums/general-images-multimedia/275057-2013-shenyang-liaoning-12th-national-games-page-ranking-china-12-a.html#post4715931

Photo credits: Xinhua

8月15日,媒体记者和部分市民在沈阳桃仙机场乘坐首趟有轨电车。当日,由中国北车承建的我国首个现代有轨电车网——沈阳浑南新区现代有轨电车网开始载客试运营,并将于9月15日正式运营,在此期间市民将可以免费乘坐。整个路网由4条线路组成,线路总长约60公里,共设车站67个。相对于地铁,现代有轨电车线路造价仅为地铁的1/8-1/4,建设周期是地铁的1/4-1/2;其载客量又远高于快速公交,车辆寿命更是其3倍,且没有尾气排放。新华社发(刘长龙摄)

August 15, media reporters, and some people in Shenyang Tao Xian airport take the first trip tram. Day by the China North Vehicle construction of China's first modern tram network - Shenyang Hunnan New modern tram network began trial operation of passenger and will be fully operational on September 15, during which members of the public will be able to free ride. The entire road network consists of four lines form, the total line length of 60 km, a total of 67 stations. Relative to the subway, modern subway tram lines cost only 1/8-1/4, 1/4-1/2 subway construction period is; its capacity is far higher than bus rapid transit, vehicle life is its three-fold, and no emissions. Xinhua News Agency issued (Changlong photo)

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Net translation
 
东方电气造出世界最大单机容量核能发电机 用于台山核电站

Dongfang Electric create the world's largest nuclear power generator unit capacity for Taishan nuclear power plant
2013-8-25 13:58

guancha.cn

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8月24日,世界最大单机容量核能发电机—台山核电站1号1750兆瓦核能发电机发运出厂。当日,目前世界最大单机容量核能发电机—台山核电站1号1750兆瓦核能发电机由中国东方电气集团东方电机有限公司完成制造,并从四川德阳市顺利发运。

August 24, the world's largest single capacity nuclear power generators - Taishan Nuclear Power Station 1750 MW nuclear power generators shipped factory. Day, the world's largest nuclear power generator unit capacity - 1750 MW Taishan Nuclear Power Station on the 1st nuclear generators by the Chinese Dongfang Electric Manufacturing Co., Ltd. completed and shipped from Deyang smoothly.
 
BYD's First-Half Net Profit Jumps to CNY427 Million
By Dow Jones Business News, August 25, 2013, 08:25:00 AM EDT
link
By Joanne Chiu

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above auto photo credits: BYD

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BYD Zero-emission buses launched in USA

Credit:fleetsandfuels.com

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BYD - Qin

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BYD Surui


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link to above photo credits:



HONG KONG--BYD Co. (002594.SZ, 1211.HK) expects a weak third-quarter performance after the Chinese battery and car maker on Sunday reported a sharp rise in first-half net on the back of rising car sales and narrowed losses from solar operations.

The Shenzhen-based company, Warren Buffett's highest-profile investment in China, said in a statement its net profit for the six months ended June 30 was 427 million yuan ($69.8 million), up from CNY16.27 million a year earlier. The increase was in line with the company's earlier forecasts for a net profit of CNY400 million to CNY500 million.

MidAmerican Energy Holdings Co., a unit of Mr. Buffett's Berkshire Hathaway Inc. (BRKA), owns a 10% stake in BYD.

It forecast net profit of CNY430 million to CNY477 million for the January-September period, reflecting a sharp jump from CNY20.9 million in the year-earlier period but also implying only a small profit contribution from the third quarter, which falls into the traditional weak season for the automobile market in China. Continued losses from its solar operations as well as intensifying competition in the smartphone manufacturing industry would also weigh on its profitability, the company said.

In the first-half, BYD's revenue rose 13% to CNY24.24 billion, of which revenue from car sales rose 19% to CNY12.77 Billion, contributing more than half of all revenue. The company sold 250,000 cars in the first six months--up from 25% a year earlier and accounted for half of its full-year sale target of 500,000 cars. It didn't disclose the number of alternative-fuel cars it sold in the first half.

The Chinese car maker plans to launch more new car models, including a new high-end sport utility vehicle and a plug- in hybrid car called Qin in the second half, it said.

Meanwhile, handset components and assembly operations contributed CNY9.02 billion in BYD's first-half revenue, up 6.6% from a year earlier and accounted for 37% of the total revenue, thanks to the launch of for smartphone products from its customers which include Nokia Corp. (NOK, NOK1V.HE), Taiwan'sHTC Corp. (2498.TW, HTCXF), Korea'sSamsung Electronics Co. (005930.SE, SSNHZ) and China's Huawei Technologies Co.

Same as last year, the company didn't recommend a first-half dividend.

Hey question i don't see any chinese cars in India
Why are they not coming to India some cars really look nice
 
Hey question i don't see any chinese cars in India
Why are they not coming to India some cars really look nice

Launching a brand in a new country, especially one like India with complicated protectionist measures, is a very complicated matter. You have to consider government regulations, customer perception, and host of issues to ensure profitability. I don't think India is currently on the radar of Chinese car makers. However, Chinese cars have made headways into many countries in Africa, the Middle East, and South America.
 
I don't see anything in that article to suggest that Micromax is building components in India. It is still sourcing components from outside and assembling the final product in India. The only innovation they are doing is mixing and matching components based on Indian consumer trends.

Micromax is made in China... Thanks to the ignorance Indian who buy "made in China" :lol: :lol:
 
Why Nokia Is Down and Out in China and India - Businessweek

Nokia’s (NOK) fall has been particularly brutal in Asia. The mobile-phone maker that Microsoft (MSFT) wants to buy for $7.17 billion once ruled China and India, but the Finnish company has suffered dizzying declines. Nokia no longer even ranks among China’s top 10 smartphone brands, says Melissa Chau, Singapore-based analyst with IDC. With a market share of less than 1 percent, Nokia just disappears into a group of anonymous others. “I can’t even give you a number,” Chau says.
 
Who gives a cr@p about what a dead company says?

But its amusing to see chinese and pakistani posters wetting their pants with glee. LOL.
 
first of all tell us how nokia surrender will efect our economy.....do nokia have one of largest plant in india compare to world? and if nokia had still it will not effect our economy....do you even know the real problem for surge of rupee.......you mr. blah blah pls you have no rights to speak....please tell me anything in industrial field u have biggest or largest ....maybe u have bigest and largest dildos to satisfies ur women....
 

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