Manufacturing

Great Wall C30

China's Automaker Great Wall Auto is going to unveil 9 models on Beijing Auto show.

Baoshan Iron and Steel Co Ltd (Baosteel), a major Chinese steelmaker, on Thursday reported revenue of 148.53 billion yuan ($21.76 billion) and a net profit of 5.816 billion yuan in 2009, down 25.97 percent and 9.95 percent respectively year-on-year.

According to its annual report, in the first half of 2009, the State-owned company turned out a net profit of 669 million yuan, only 11.5 percent of its whole year profit. The market boom in the auto and home appliance sectors contributed significantly to the profit growth in the second half, said analysts.

Baosteel was the nation's largest rolled-steel sheeting provider to the auto and electrical-appliance sectors, holding 50.1 percent and 37.3 percent respectively of domestic market share in each, said Zhang Lei, an analyst with TX Investment Consulting Co Ltd.

Roewe 350

Roewe 350, which aims the class-A market , is the first model roll off from Roewe A Platform. According to the spyshot, Roewe 350 generally continue the N1 concept design.

As one of the most important international auto shows, Beijing Auto Show has gained the respect from global auto makers. Most of global auto makers consider Beijing Auto Show as the platform to show their technology, and release their valuable information. There are at least 10 new cars will debut on Beijing Auto Show, some of them are designed for Chinese market.

New Excelle

New Excelle is the second bomb dropped by Shanghai GM which will revealed on Beijing Auto Show