Market & Industry
Li Shufu meets with Malaysia’s Prime Minister to talk about direction of Proton
Li Shufu meets with Malaysia’s Prime Minister to talk about direction of Proton

Li Shufu, chairman of Zhejiang Geely Holding Group had a friendly talk up to 100 minutes with Malaysia’s Prime Minister Mahathir Mohamad on June 25.

Jun. 28 , 2018
Skoda launches new China SUV strategy, rolling 3 new SUV models by 2020
Skoda launches new China SUV strategy, rolling 3 new SUV models by 2020

Skoda plans to roll out three all-new SUV models in China in the next two years, namely Kodiaq GT, MODEL Q Sport and Karoq BEV model, the automaker announced at the launching conference of China SUV strategy on June 27.

Jun. 28 , 2018
Foton Motor increases capital of Borgward to RMB 7.4 billion
Foton Motor increases capital of Borgward to RMB 7.4 billion

Chinese automaker Foton Motor agreed to increase capital in Beijing Borgward Automotive Co.,Ltd (hereinafter referred to as Borgward) with an additional investment of RMB 4.409 billion, Foton Motor announced on June 27.

Jun. 28 , 2018
First SAIC-Audi model likely to debut in 2022
First SAIC-Audi model likely to debut in 2022

Chen Hong, chairman of SAIC Group revealed that Audi has acquired a 1% stake in SAIC-VW. Audi’s 1% stake acquisition in SAIC-VW will lay a solid foundation for the development and manufacturing of first SAIC-Audi model.

Jun. 27 , 2018
Baidu, Ford China team up to develop vehicle intelligent connectivity
Baidu, Ford China team up to develop vehicle intelligent connectivity

Ford Motor (China) Ltd. (hereinafter referred to as Ford China) and China’s Internet giant Baidu inked a strategic letter of intent on June 27 to extend in-depth cooperation in such areas as internet of vehicles (IoV), digitalized solutions, AI techn

Jun. 27 , 2018
Chery Auto to use CVT 25 in 6 models, equivalent to 9-speed AMT
Chery Auto to use CVT 25 in 6 models, equivalent to 9-speed AMT

Chen Anning, general manager of Chery Auto, revealed that the automaker is developing several models which will be fitted with the CVT25 transmission developed by Zhejiang Wanliyang Co., Ltd (WLY), a Chinese transmission manufacturer.

Jun. 26 , 2018