The first Chinese automaker sets sights on US with start-up Zotye taking on entrenched rivals in Detroit

South Africa News News

The first Chinese automaker sets sights on US with start-up Zotye taking on entrenched rivals in Detroit
South Africa Latest News,South Africa Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

The first Chinese automaker sets sights on US with start-up Zotye taking on big rivals in Detroit

and even Toyota initially relied on independent American distributors — the Japanese giant still represented by one in a number of Southern states.

The arrangement gives HAAH plenty of flexibility and, in fact, "There are probably more brands to be announced in the future," he said Thursday, suggesting his privately held company is negotiating with several other Chinese wannabe exporters. The good news for HAAH and Zotye is that they claim to be generating strong interest from dealers, with several dozen now signed on representing 60 "points" in 15 states, and negotiations are well underway with about 20 others, according to sales chief Bob Pradzinski, who has spent decades working for Asian automakers including Hyundai, Mazda and Toyota.

Hale and his team is trying to make it easier — more profitable — for dealers. Zotye plans to use a "no haggle/no hassle" approach to pricing, like Saturn. And dealers will be offered large geographic franchises in which they could set up multiple outlets. That could include showrooms in malls, something Tesla has done.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korea automakers' group urges end to subsidies for Chinese EVsSouth Korea automakers' group urges end to subsidies for Chinese EVsA South Korean automakers' group called on Friday for an end to generous st...
Read more »

Automakers face 'material and negative ramifications' over the escalating US-China trade warAutomakers face 'material and negative ramifications' over the escalating US-China trade warPresident Donald Trump threatened to implement new tariffs on Chinese goods, which will likely add to the woes of the US auto industry.
Read more »

Silicon Valley's health-tech start-ups need to stop getting in so much troubleSilicon Valley's health-tech start-ups need to stop getting in so much troubleInstead of fixing the health system, Silicon Valley start-ups just keep inviting controversy.
Read more »

The oil-reliant United Arab Emirates is betting big on tech start-ups and A.I.The oil-reliant United Arab Emirates is betting big on tech start-ups and A.I.Abu Dhabi authorities have launched a $272 million scheme to attract and develop technology start-ups.
Read more »

Toyota to invest $100 million in self-driving and robotic technology start-upsToyota to invest $100 million in self-driving and robotic technology start-upsToyota Motor plans to invest millions in businesses that specialize in autonomous transportation in the automaker's most recent push to step into the self-driving market.
Read more »

'Avengers: Endgame' tops $2 billion, bests 'Titanic' and sets sights on 'Avatar''Avengers: Endgame' tops $2 billion, bests 'Titanic' and sets sights on 'Avatar''Avengers: Endgame' is now the second-highest grossing film of all-time, earning $2.188 billion worldwide, bumping 'Titanic' out of the second spot in just 11 days.
Read more »

Shell outperforms rivals in first quarter on strong trading, LNGShell outperforms rivals in first quarter on strong trading, LNGRoyal Dutch Shell reported on Thursday a small drop in first quarter profit to $...
Read more »

China can now rival the US with new innovations in tech, VW finance chief saysChina can now rival the US with new innovations in tech, VW finance chief saysThe chief financial officer of Volkswagen sought to highlight how China was helping to drive innovation in the automotive industry.
Read more »

U.S. judge upholds subpoenas to three large Chinese banks in N. Korea sanctions probeU.S. judge upholds subpoenas to three large Chinese banks in N. Korea sanctions probeRuling finds Patriot Act permits U.S. authorities to subpoena foreign bank records even if barred by home country’s laws.
Read more »



Render Time: 2025-04-12 15:13:51