UCAR, a Chinese app-based chauffeured car service provider, signed on May 31 a non-legally binding strategic cooperation agreement with BAIC Group, pursuant to which the latter will acquire no more than 450,790,855 shares from UCAR.
Jun. 1 , 2020
On May 30, Shenzhen Baoneng Motor Co.,Ltd. was inaugurated at Longhua District in Shenzhen, where Changan PSA Automobiles Co., Ltd. (CAPSA) was previously located, according to a posting on Baoneng Motor’s WeChat account.
Jun. 1 , 2020
China’s Vehicle Inventory Alert Index (VIA) stood at 54.2% in May, which dropped 4.6 percentage points over a month ago, while edged up 0.4 percentage points over a year ago, according to the China Automobile Dealers Association (CADA).
Jun. 1 , 2020
Volkswagen Group China is about to acquire a 26.47% stake in Gotion High-Tech, China’s No.3 battery maker, becoming the latter’s biggest shareholder, according to an announcement released by Gotion High-Tech on May 28.
May 29 , 2020
In April, a total of 4,154 consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles (MLI) for the China-built Tesla Model 3 sedans, which represented a plunge of 63% compared to March.
May 27 , 2020
StarRides, a premium ride-hailing service provider between Daimler Mobility AG and Geely Technology Group, established on May 21 a wholly-owned subsidiary in Xi’an, the capital of Shaanxi Province, according to Tianyancha.
May 27 , 2020