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Chinese car company Chang'an to enter hybrid market

Chang'an Motor Corp (Ford and Suzuki's Chinese partner with a cool Star Trek-slyle logo) will build a gasoline-electric hybrid for the Chinese market (and possibly overseas) by 2008. The company said it hopes the hybrids will make up 10 percent of it's sales by 2010. The company will invest about $31 million as part of its $620 million investment in its own-brand cars. Chang'an's announcement comes after other automakers – Toyota and Geely Automobile – said they would bring hybrids to China in the next few years. The cost difference between regular engines and hybrid engines could hinder hybrid acceptance in China as it has in other markets.
[Source: China Daily via Green Car Congress]

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