AUTC Autochina International Limited (MM)

AutoChina International Limited (“AutoChina” or the “Company”) (NASDAQ: AUTC), China’s largest commercial vehicle sales, servicing, leasing, and support network, today announced that, as of December 15, 2010, it has increased the registered capital of its previously announced financial leasing company to 100 million RMB from 70 million RMB. This change provides AutoChina with additional flexibility in the future should it choose to further increase the entity’s registered capital—a change that can now be made multiple times. AutoChina has also converted the financial leasing company from a wholly foreign-owned enterprise to a Chinese-foreign joint venture.

This leasing company, which AutoChina believes to be the first of its kind in Hebei province, will be used to conduct AutoChina’s existing commercial vehicle leasing business. The financial leasing company is directly and wholly owned by AutoChina, and therefore is not part of the company’s VIE (variable interest entity) holding structure.

AutoChina also announced that it has converted its existing wholly foreign-owned enterprise, Hebei Chuanglian Trade Co., Ltd., into a financial leasing company and renamed it Chuanglian Financial Leasing Co. Ltd. This change better aligns AutoChina’s corporate structure with its core business.

Mr. Yong Hui Li, AutoChina’s Chairman and CEO, stated, “We are pleased to announce these changes to our corporate structure. The changes better align our company with the current regulatory environment in China, and may also lead to greater operational flexibility going forward.”

About AutoChina International Limited:

AutoChina International Limited is China’s largest commercial vehicle sales, servicing, leasing, and support network. AutoChina’s operating subsidiary was founded in 2005 by nationally recognized Chairman and CEO, Yong Hui Li. The Company owns and operates 246 commercial vehicle financing centers across China; and primarily provides sales-type leasing and support services for local customers. The Company’s website is http://www.autochinaintl.com.

Safe Harbor Statement:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the Company. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of the Company's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to meaningfully differ from those set forth in the forward-looking statements:

• Continued compliance with government regulations;
• Changing legislation or regulatory environments;
• Requirements or changes affecting the businesses in which the Company is engaged;
• Industry trends, including factors affecting supply and demand;
• Labor and personnel relations;
• Credit risks affecting the Company's revenue and profitability;
• Changes in the commercial vehicle industry;
• The Company’s ability to effectively manage its growth, including implementing effective controls and procedures and attracting and retaining key management and personnel;
• Changing interpretations of generally accepted accounting principles;
• General economic conditions; and
• Other relevant risks detailed in the Company’s filings with the Securities and Exchange Commission.

The information set forth herein should be read in light of such risks. The Company does not assume any obligation to update the information contained in this press release.

Autochina International Limited (MM) (NASDAQ:AUTC)
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