Leonardo DiCaprio is on his way to Beijing. That’s because the Hollywood heartthrob has co-founded the tenth and final Formula E team – the new electric race car series backed by the FIA, which kicks off in the Chinese capital next year.
Tag Archives: Formula 1
Chinese driver’s long road to Formula 1
Sun Zheng is arguably China’s best motor racing prospect right now. There are some much better Chinese drivers than him (like these two for example), but, at 21, Sun has time on his side. On Sunday, Sun became the first Chinese driver to race in the Macau Formula 3 Grand Prix, and drew quite a lot of attention as a result, including this lengthy interview published by CNN. Continue reading Chinese driver’s long road to Formula 1
China Sports Insider Ep. 1 – Motor racing in China
Welcome to the first of what will be a series of videocasts with the people who matter in the Chinese sports industry, everyone from athletes and officials to executives and agents.
We kick things off with a discussion with top Chinese motor racing drivers Franky Cheng Congfu and Adderly Fong about the state of motorsports in China today, how soon China can expect to see a team or driver in F1, and which drivers are better – those from Hong Kong or the mainland!
Corruption crackdown in China provides road bump for luxury car makers
McLaren is the latest company to join the ranks of the top-end car market in China, two years after starting production worldwide. Dealerships opened in Shanghai 10 days ago, and in Beijing last week (pictures here), with new showrooms opening this week in Chengdu and Guangzhou.
With around 30,000 new millionaires in China created each year, plenty of people can afford these models, though the ultra-luxury market (which includes the likes of Bentley, Rolls-Royce, Aston Martin and Maserati) is estimated at 5,000 per year in China. Of more concern is the fact that growth – as fast as 100% annually in recent years – is expected to slow significantly. In addition, these car are often in the news for all the wrong reasons, another sign that sales may fall off. Continue reading Corruption crackdown in China provides road bump for luxury car makers