Market & Industry
Volkswagen Group China Remains Optimistic Due To Ongoing Recovery in Q3
Volkswagen Group China Remains Optimistic Due To Ongoing Recovery in Q3

Volkswagen Group together with its Chinese joint ventures delivered 2.66 million (-10%) vehicles in the Chinese mainland and Hong Kong, including around 117,200 imported vehicles.

Oct. 20 , 2020
MBtech bowing out of BAIC MBtech won’t affect BAIC-Daimler partnership
MBtech bowing out of BAIC MBtech won’t affect BAIC-Daimler partnership

The long-term partnership between BAIC Group and Daimler and the technology cooperation among BAIC Group, BAIC Motor and Daimler will not be affected by the change in BAIC MBtech Development Center Co.,Ltd. (BAIC MBtech)’s equity structure.

Oct. 19 , 2020
BYD purchases 6.93% stake in chipset developer Allystar
BYD purchases 6.93% stake in chipset developer Allystar

BYD Company Limited (BYD) has acquired 6.93% equity stake in Allystar Technology (Shenzhen) Co.,Ltd., becoming one of the five shareholders newly added on October 15 to the latter’s investor lineup.

Oct. 19 , 2020
Ford China posts largest YoY sales increase since 2016
Ford China posts largest YoY sales increase since 2016

Ford and its joint ventures, Changan Ford, JMC and Ford Lio-Ho, sold 164,352 vehicles in Greater China in the third quarter.

Oct. 16 , 2020
Production planning of SAIC Volkswagen’s MEB e-factory emerges
Production planning of SAIC Volkswagen’s MEB e-factory emerges

With a predicted annual capacity of 360,000 vehicles for the first phase, the SAIC VW's MEB factory is said to manufacture the Audi Q4 Sport e-tron, the Volkswagen ID.4 X, the mass-produced version of the ID.ROOMZZ and the SKODA ENYAQ.

Oct. 16 , 2020
Changan Auto names new president
Changan Auto names new president

Changan Automobile named Wang Jun as new president.

Oct. 16 , 2020