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auto show in Shanghai
Monthly sales in March in China increased by 5.4 percent on-year to 1.83 million units, compared to 1.24 million in the U.S. and 280,000 in Japan during the same period. Annual sales in China are expected to reach the 20 million-mark this year. |
With China's emergence on the world auto scene, global carmakers are eager to show off their latest models there. Audi picked Shanghai over its homeland of Germany for the world premiere of its Q3 compact SUV. Mercedes-Benz is debuting its Concept A, which suggests the direction of its new A-Class compact slated to start production at the end of this year. General Motors is presenting the Chevrolet Malibu mid-size sedan, which is also scheduled to go into production late this year at its Korean plant in Bupyeong, Gyeonggi Province.
At the BMW booth, the Concept M5, a high-performance sports car, and 6 series coupe are making their world debuts. GM’s Buick is introducing a concept car with a plug-in hybrid system, the Envision, jointly developed with China’s Shanghai Automotive Industry Corp. Volkswagen is displaying its newest Beetle while Peugeot is revealing its SXC concept car.
Big tickets autos are also dazzling visitors, including a new US$5.66 million supercar from Aston Martin, and Ferrari's first ever four-wheel drive car, the FF, with the price tag of around W500 million (US$1=W1,082).
Among Korean carmakers, both Hyundai Motor and Kia Motors are showing off new models designed specifically for the Chinese market -- the Hyundai Sonata mid-size sedan and Kia K2 compact. Hyundai is also unveiling three other new models, including its latest Grandeur full-size sedan.