Market & Industry
China’s 2019 automobile sales forecast cut to 26.68 million units, CAAM
China’s 2019 automobile sales forecast cut to 26.68 million units, CAAM

The China Association of Automobile Manufacturers (CAAM) recently cut the 2019 car sales volume forecast of China’s auto market to 26.68 million units (down by 5% year on year) from 28 million units as sales still weakened for H1 2019.

Jul. 24 , 2019
Symphony Investment Enters Strategic Partnership with Didi Chuxing to Develop Internet Business Ecosystem in the Middle East
Symphony Investment Enters Strategic Partnership with Didi Chuxing to Develop Internet Business Ecosystem in the Middle East

Symphony Investment today signed a strategic agreement with Didi Chuxing (“DiDi”) to establish an innovative industry partnership across the MENA region and China.

Jul. 24 , 2019
BMW Brilliance builds world’s first 5G-based car manufacturing base
BMW Brilliance builds world’s first 5G-based car manufacturing base

BMW Brilliance Automotive Ltd (BBA) announced on July 22 it has achieved full 5G coverage at its Shenyang plants with a transmission speed of up to 1Gbps, the world’s first-of-its-kind 5G-based car production base.

Jul. 23 , 2019
Changan Automobile to team up with French Punch Powerglide for transmission
Changan Automobile to team up with French Punch Powerglide for transmission

Chongqing Changan Automobile Co., Ltd inked a letter of intent with French automatic transmission supplier Punch Powerglide several days ago at the Sino-French Roundtable on the Industrial Cooperation to conduct collaboration on transmissions.

Jul. 22 , 2019
Startup Enovate to open first retail experience center in Shanghai
Startup Enovate to open first retail experience center in Shanghai

Enovate, previously known as Dearcc, is about to inaugurate it first retail experience center in Shanghai in the 4th quarter of the year as part of achievements for the EV maker’s “365” full-scenario service system, according to local media outlets.

Jul. 22 , 2019
Continental Celebrates Grand Opening of Powertrain Plant Expansion in Wuhu
Continental Celebrates Grand Opening of Powertrain Plant Expansion in Wuhu

Technology company Continental has announced the official opening of its new Powertrain plant in Wuhu, China.

Jul. 22 , 2019