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In 2011 China surpassed Germany to become the second-largest market for premium cars with delivery of about 980,000 units.The number is likely to increase to 1.2 million in 2012, a 22 percent increase over 2011, well ahead of the growth in the mainstream market, according to LMC Automotive. China is now the biggest overseas market for luxury carmakers Audi, BMW, Rolls Royce, Lamborghini, Bentley and among the top three markets for Jaguar Land Rover, Porsche, Mercedes-Benz and Ferrari. And the long-term picture looks promising. Statistics provided by Ford show that China's luxury vehicle market will grow to about 2.7 million units by 2020, accounting for nearly 9 percent of the overall car market, up from about 6 percent today.
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  • (China Daily)2017-06-23 09:31

    BANGKOK - Dozens of supercars including Lamborghinis, Porsches and BMWs have been stolen from the streets of the United Kingdom and shipped to Thailand in a complex scam that police from both countries are now rushing to dismantle. Sparked by a British request to retrieve the lifted vehicles, detect...

  • (China Daily)2017-06-15 07:33

    Visit for breaking news and exclusive content Society: Heilongjiang farmer builds and tests microlight Li Bing, a 35-year-old farmer in Daqing, Heilongjiang province, has successfully carried out the trial flight of a microlight aircraft designed and built by himself. A livestream of the test flight...

  • By Yang Yang(chinadaily.com.cn)2017-06-14 10:58

    He Hongzhi, owner of a luxury car-washing shop, washes a car in Chengdu, capital of Southwest China's Sichuan province, on June 10, 2017. [Photo by Wang Xiao from Chengdu Business Daily/VCG]He Hongzhi, a car enthusiast, has found huge business opportunities in the luxury car-washing industry in Chen...

  • By Li Fusheng(China Daily)2017-06-05 08:20

    Workers install chassis on a production line of JAC Motors. [Photo/China Daily]Volkswagen, which translates to "the people's car" in German, is living up to its name in China.Last year, the automaker sold nearly 4 million cars in the country, beating all other carmakers with operations in the world'...

  • By Hao Yan(China Daily)2017-06-05 08:19

    Colorful new energy cars catch residents' eyes in Rong'an county in Liuzhou, Guangxi Zhuang autonomous region. [Photo/China Daily]But China remains the largest market for new energy vehicles in terms of both sales and supporting infrastructureAmong the world's major auto markets, China takes pole po...

  • (China Daily)2017-06-05 07:49

    China bends sales quotas for Germany The authorities have agreed to delay and soften planned electric vehicle sales volume quotas in response to complaints from German carmakers that said the rules would discriminate against them. After a meeting with Germany's Chancellor Angela Merkel in Berlin on ...

  • (China Daily)2017-06-01 07:33

    Yunnan Debtor tries to steal back seized car A man in Kunming with suspected debts of more than 300,000 yuan ($43,700) was detained on May 16 after allegedly hiring five men to steal back a luxury car that a court had seized from him. According to reports, the men managed to drive off in the car, wh...

  • (chinadaily.com.cn)2017-05-19 14:27

    A 15-floor vending machine aimed at selling luxury cars is seen in Singapore, May 15, 2017. Up to 60 cars can be displayed in the building, which uses a fish-bone lift system to deliver cars to clients within minutes. [Photo/Agencies]Luxury car brands including Bentley, Ferrari and Lamborghini are o...

  • By Zhuan Ti(China Daily)2017-05-14 15:32

    Chengdu, a megacity in western China, has committed to expanding its railway and flight transport services to better support the Belt and Road Initiative. The Chengdu-Europe Express Railway Service will make more than 1,000 journeys in 2017, up from 460 journeys last year, according to local authori...

  • By Ren Xiaojin(China Daily)2017-05-10 11:29

    Event draws high-level attendees, boosts city's innovation capacity, injects vitality into startup environment, Ren Xiaojin reports. The 2017 Chengdu Global Innovation and Entrepreneurship Fair is scheduled to kick off on Wednesday to showcase the world's latest innovation and entrepreneurship trend...

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