- Baoneng Group to accept 50% stake in CAPSA from Changan Automobile
Chongqing Changan Automobile Co., Ltd (Changan Automobile) said it has agreed to sell 50% stake in a joint venture with Groupe PSA to a subsidiary of Baoneng Automobile Co.,Ltd at a value of RMB1.63 b...
Jan. 02 , 2020
- Baoneng Group to accept 50% stake in CAPSA from Changan Automobile
- Baidu wins 40 licenses to test self-driving vehicles carrying passengers
Chinese multinational technology company Baidu announced on December 30 it was granted 40 road test licenses for passenger-carrying autonomous driving by regulators in Beijing.
Dec. 31 , 2019
- Baidu wins 40 licenses to test self-driving vehicles carrying passengers
- Enovate’s first production model ME7 rolls off production line
Enovate’s first pure electric model ME7 rolled off the production line at the startup’s Shaoxing plant on 28 December.
Dec. 31 , 2019
- Enovate’s first production model ME7 rolls off production line
- First China-built Lincoln-branded model available for presale
The all-new Lincoln Corsair, the first China-built Lincoln-branded model, has been available for pre-order with prices ranging between RMB248,000 and RMB350,000, according to Lincoln’s WeChat accoun...
Dec. 31 , 2019
- First China-built Lincoln-branded model available for presale
- GWM-BMW’s JV Spotlight Automotive granted business license
Spotlight Automotive Co.,Ltd, a 50:50 joint venture between China’s Great Wall Motor (GWM) and Germany’s BMW Group, has been granted business license by the market regulation administration of Zha...
Dec. 31 , 2019
- GWM-BMW’s JV Spotlight Automotive granted business license
- ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant
On December 30, the first pre-production car under ARCFOX, a premium BEV brand of BAIC BJEV, officially rolled off the production line at the Zhenjiang plant co-founded by BAIC and Magna.
Dec. 31 , 2019
- ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant
- NIO Capital’s US dollar fund closes first fundraising of over $200 million
NIO Capital, an investment firm founded by leading Chinese EV maker NIO, announced on December 30 its US dollar fund (Eve ONE L.P.) has completed the first fundraising with over $200 million collected...
Dec. 30 , 2019
- NIO Capital’s US dollar fund closes first fundraising of over $200 million
- Tesla hands over first batch of Shanghai-built Model 3 cars to employees
On December 30, the first batch of China-built Tesla is handed over to 15 Tesla employees at the startup’s first manufacturing plant outside the U.S.—Shanghai-based Gigafactory 3, Tesla announced ...
Dec. 30 , 2019
- Tesla hands over first batch of Shanghai-built Model 3 cars to employees