Shanghai, August 4 (Gasgoo.com) JAC and Tianjin-based HKMC Equity Investment Fund Management Co., Ltd., a wholly-owned subsidiary of Hong Kong's Hybrid Kinetic Motors Corporation (HKMC), signed a letter of intent yesterday for the no less than 2 billion yuan ($295 million) joint venture deal on new energy vehicles, JAC said in a statement today.

Shanghai September 16 (Gasgoo.com) Ford Motor Co. will launch its Edge SUV in China in October this year, the first time in seven years since its entry to tap the country's lucrative SUV market. China's SUV market has been performing remarkably, with sales surging 120% year on year to 814,100 units in the first eight months, First Financial Daily reported Thursday.