At the 9th Tokyo International Anime Fair, details have been released of a new Panda Hero. Panda Pandey (Translated by google, so might change). His first film Panda Story is due to be released world wide late in 2011. There will also be an animated tv series and a theme park (Details are a little confusing, but will keep you updated.)

The film cost 350 million Yuan, which the most expensive Chinese made film.

(I'll try to find some more information, as the translated text is very difficult to understand)