China Automotive
The first day the stock market, which has become currency trading volume on the New York stocks active stocks, the market lower in the case of shares rose 25 percent within one day. Brilliance China Automotive success in overseas listing of Chinese enterprises into the international capital markets and has created a new mode. Investment from the automotive industry to see this traditional industry managers, after decades of development, Brilliance China Automotive Holdings Limited has grown into China's emerging automobile manufacturing enterprises. The company's investment in the automotive industry accumulated over five billion yuan. Brilliance China Automotive Holdings Limited, which owns two vehicle brands, three vehicle products. The two vehicle brands that cup cup Brilliance Automotive Ltd. production of "China" and "Gold" series; three vehicle products include proprietary Chinese cars, the domestic market share of similar models in nearly 60% of the Gold Cup sea lions minibuses, the introduction of high-end technology to produce Toyota Jinbei Grace versatile commercial vehicle. Jinbei is the Chinese market is an important product minibus. As the only use Toyota technology, tooling and production of sea lions Toyota management products, Jinbei already has five series, nearly 20 varieties to meet different levels of consumer demand, production and sales for five years living in the country minibuses market share rate list. In the 8-14 commercial areas, Jinbei nearly 60% market share, market holdings more than 400,000. December 2000 off the assembly line in Shenyang, China is a sedan with their own brand of high-end car products, in August 2002 formally put on the market. The car designed by the world famous guru George Yarrow presided over the design, vehicle performance validation by the international authority of the United Kingdom MIRA testing and appraisal company, stamping, assembly and welding, painting and final assembly process equipment by world-renowned automotive equipment manufacturing company SCHULER , KUKA, DURR, SCHENCK other enterprises to provide its critical assembly parts and accessories from the world's leading automobile manufacturers. China sedan car length 4.88 m, elegant styling is in line with China's dynamic body of individual users, the car drag coefficient of 0.293. In safety performance, dynamic performance and driving comfort, the car fully meet the growing consumer demand for domestic high-end cars, the cost has excellent market competitive advantage. China Automotive
March 29, 2003, Chinese cars pushed new crystal, luxurious type of China-based China 2.4L and 2.0L luxury officially listed. China 2.4L follows the China style, elegant shape, the next level of power and interior and adds a variety of new configurations. China marks the launch of China 2.4L sedan same model product serialization strategy has taken an important step. June 2002, Brilliance China Automotive Holdings Limited joint venture with BMW Group vehicle to get a project proposal approved by the relevant government departments. March 14, 2003, Brilliance Auto and BMW Group received notification, the two sides in the Chinese production and sales of BMW products feasibility study report has been officially approved by the government departments; March 27, BMW Brilliance joint venture contract signing ceremony in Beijing's Great Hall held with BMW Brilliance Automotive Group's success has far-reaching impact on bilateral cooperation, but also for China's automobile production and services to bring new standards, the development of China's auto industry milestone.
