Market & Industry
BYD, property developer Vanke to co-invest in tech & logistics fund
BYD, property developer Vanke to co-invest in tech & logistics fund

BYD announced on October 8 its cooperation with China Vanke Co.,Ltd, a leading property developer in China, for a joint investment in a technology and logistics fund.

Oct. 8 , 2019
Mazda’s China sales drop continues, while FAW Mazda gets revival
Mazda’s China sales drop continues, while FAW Mazda gets revival

In September, 2019, Mazda delivered 20,619 vehicles in China, a year-on-year drop of 5.9%, according to the figures offered by Mazda Motor (China) Co., Ltd.

Oct. 8 , 2019
Geely and Volvo Intend to Merge Combustion Engine Operations
Geely and Volvo Intend to Merge Combustion Engine Operations

Zhejiang Geely Holding Group and Volvo Car Group intend to merge their existing combustion engine operations in order to establish a world leading business unit that will seek to develop next generation combustion engine and hybrid systems.

Oct. 8 , 2019
Didi obtains license for autonomous driving road tests in Suzhou
Didi obtains license for autonomous driving road tests in Suzhou

China’s ride-hailing giant Didi Chuxing’s autonomous driving unit obtained a license for road tests on September 26.

Sep. 29 , 2019
SAIC Motor’s Ningde PV base begins production, really close to CATL
SAIC Motor’s Ningde PV base begins production, really close to CATL

On September 28, Chinese largest automaker SAIC Group formally completed the construction of the Ningde base, its fourth manufacturing base for self-owned PVs following the facilities in Lingang of Shanghai, Pukou of Nanjing and Zhengzhou.

Sep. 29 , 2019
FAW Group’s subsidiary to build auto joint venture with startup Bordrin
FAW Group’s subsidiary to build auto joint venture with startup Bordrin

Tianjin FAW Xiali Automobile Co., Ltd. (FAW Xiali), a subsidiary of China’s state-owned FAW Group, and the EV startup Bordrin entered into a shareholder agreement on September 27 to build a joint venture in Tianjin, according to FAW Xiali.

Sep. 29 , 2019