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Business

Chinese automakers come into their own

Foreign know-how helps domestic brands move up the ranks

Geely unveils the 01 SUV, part of its new Lynk & Co. brand, at the Shanghai International Automobile Industry Exhibition. (Photo by Akira Kodaka)

SHANGHAI State-owned Chinese automakers are working to develop more models under their own brands in an effort to prepare for intensifying competition in the world's largest auto market.

Chongqing Changan Automobile unveiled a new sport utility vehicle, the CS55, at the 17th Shanghai International Automobile Industry Exhibition, which kicked off on April 19. Equipped with a 1.5-liter engine, the vehicle combines the enhanced performance of core components supplied by Japanese companies with a bold color scheme from a European design team. It will debut as early as July.

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