BMW Group and Great Wall Motor officially initiated their 50:50 joint-venture project, Spotlight Automotive, on November 29, marking the first joint venture between foreign and privately-owned automakers in China will be soon established.
Nov. 29 , 2019
The ICON, Geely Auto’s second BMA (B-Segment Modular Architecture)-based SUV model, is said to hit the market in January, 2020.
Nov. 29 , 2019
Dongfeng Motor Corporation, FAW Group and China Chang'an Automobile Group Co., Ltd (CCAG), signed a letter of intent on November 27 to build the VTC joint venture of co-shared storage for urban logistics and distribution.
Nov. 29 , 2019
ZF AG is establishing a third Chinese research and development center in Guangzhou southern China. Representatives of ZF and the local authorities have signed an agreement and ZF plans to invest approximately €90 million in the new development center
Nov. 28 , 2019
Hongqi, the state-owned FAW Group's premium auto brand, is likely to see the annual sales of 2019 reach 110,000 units, rather than 100,000 set at the beginning of this year, Xu Liuping, chairman and CPC secretary of FAW, said on November 26.
Nov. 27 , 2019
Volvo Cars’ sales in China are expected to rise 14% year on year, according to Li Hai, vice president in charge of the automaker’s procurement in the Asian-Pacific region.
Nov. 27 , 2019