Foreign Companies in China Roundup: GM, JPMorgan, Corning, Daimler, Motorola, HP,

July 4 – Shanghai GM, General Motor Co's (NYSE: GM) Chinese partner, said it sold 612,072 vehicles, including 12,067 exported, in China in 1H 2011, up 27.5% year on year.

July 4 – JPMorgan China opened a branch in Heilongjiang provincial capital Harbin. It is the US investment bank's sixth branch in the country after Beijing, Shanghai, Tianjin, Guangzhou and Chengdu.

July 1 – Corning Inc (NYSE: GLW), a US specialty glass and ceramics maker, said it plans to make a foray into China's photovoltaic market.

July 1 – Daimler AG said it plans to inject €2 billion into its Chinese venture with Beijing-based BAIC this year to expand its business in China. The German automaker's flagship Mercedes-Benz brand sold 147,700 cars in the country in 2010, up 115% from a year earlier, and sales growth was 78% in Q1 2011.

July 1 – Motorola Mobility Holdings Inc (NYSE: MMI) sold 2.2 million smartphones in China last year and sold one million in Q1 2011, said CEO Sanjay Jha, making the Asian nation its second largest smartphone market. Motorola captured a 7.5% share of China's smartphone market in Q1 2011, higher than its global average of 4%, Gartner estimated.

June 29 – Hewlett-Packard Co (NYSE: HPQ) and Chongqing municipality signed a deal to set up a fund to build an IT manufacturing powerhouse in the city. The size of the fund was not disclosed. Chongqing is expected to make 100 million laptop computers per year by 2012.

June 29 – China Aviation Supplies Holding Co and ICBC Financial Leasing Co ordered 88 Airbus A320 aircraft at a ceremony in Berlin during premier Wen Jiabao's visit to Germany.

June 28 – National Bank of Australia – one of the top four banks in the country – opened its first China branch in Shanghai.

June 28 – Bayer AG's sales in China totaled €3 billion in 2010 and are expected to double to €6 billion by 2015, said Marijin Dekkers, chairman of the board of management.

June 28 – Walmart Stores Inc (NYSE: WMT) founded its global e-commerce headquarters in Shanghai.

June 28 – Nissan Motor Co said it plans to boost production capacity in China by as much as 600,000 vehicles over the next six years, Bloomberg reported.

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