Market & Industry
Schaeffler’s joint venture with CARS inaugurates new site in Tianjin
Schaeffler’s joint venture with CARS inaugurates new site in Tianjin

On May 10, Schaeffler-CARS Railway Technology Co., Ltd., the joint venture between Schaeffler and China Academy of Railyway Sciences Corporation Limited ("CARS"), held a ceremony to celebrate the opening of its new site in Tianjin city.

May 12 , 2023
JMC, Ford Motor deepen cooperation in auto export
JMC, Ford Motor deepen cooperation in auto export

Jiangling Motors Corporation (JMC) and Ford Motor signed a framework agreement on May 11 to expand JMC's product export business based on their existing cooperation.

May 12 , 2023
SGMW allows consumers to buy Hongguang MINIEV with starting price of 19,800 yuan without battery
SGMW allows consumers to buy Hongguang MINIEV with starting price of 19,800 yuan without battery

SAIC-GM-Wuling officially launched a special car purchase service, which provides consumers with a new car shopping plan option that includes monthly payments for the battery.

May 12 , 2023
China’s power battery installed capacity in Apr. 2023 surges YoY, but drops MoM
China’s power battery installed capacity in Apr. 2023 surges YoY, but drops MoM

In Apr. 2023, China's power battery output reached 47GWh, jumping 38.7% year on year, but dipping 8.3% month on month, according to the China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).

May 11 , 2023
EVE Energy to build power battery factory in Hungary
EVE Energy to build power battery factory in Hungary

EVE Power Co., Ltd. on May 9 announced the plan to build a battery factory in Debrecen, Hungary, to supply German carmaker BMW's plant in the country with its cylindrical power batteries.

May 11 , 2023
Volvo Cars unveils new design studio in Shanghai
Volvo Cars unveils new design studio in Shanghai

On May 10, Volvo Cars unveiled its new design studio in Shanghai, one of the mega cities in Asia, meaning the automaker’s global design footprint has been further expanded in addition to its existing studios in Gothenburg and Camarillo.

May 11 , 2023