Market & Industry
Evergrande invests in Faraday Future by indirectly acquiring stake in FF JV
Evergrande invests in Faraday Future by indirectly acquiring stake in FF JV

China’s real estate developer Evergrande Group acquired 100% stake in the Hongkong-based TIME GOOD LIMITED (hereinafter referred to as Time Good) with an investment of HK$6.746 billion, Evergrande Health Industry Group Limited announced on June 25.

Jun. 25 , 2018
XPENG Motors, Desay SV team to develop L3 autonomous driving system
XPENG Motors, Desay SV team to develop L3 autonomous driving system

On June 23, Chinese EV startup XPENG Motors inked a strategic agreement with Desay SV Automotive (Desay SV), a Huizhou-based Chinese automotive electronics provider, to jointly develop L3 autonomous driving system.

Jun. 25 , 2018
FAW-VW South China base annual capacity up to 600,000 units with completion of Foshan plant
FAW-VW South China base annual capacity up to 600,000 units with completion of Foshan plant

FAW-Volkswagen announced the completion of its Foshan plant’s second phase on June 22, which is expected to enhance the total production capacity of its South China base to 600,000 units on an annual basis.

Jun. 25 , 2018
Volkswagen China opens new auto parts plant in Tianjin to speed up localization strategy
Volkswagen China opens new auto parts plant in Tianjin to speed up localization strategy

FAW Volkswagen Platform Automotive Parts Co.,Ltd Tianjin Company (hereinafter referred to as Tianjin plant), a new automotive plant jointly invested by Volkswagen Group China and Fawer Automotive Parts Limited Company, has officially been completed.

Jun. 22 , 2018
China releases policy to boost IoV standardization system building
China releases policy to boost IoV standardization system building

China's Ministry of Industry and Information Technology of (MIIT) and Standardization Administration (SAC) jointly released a series of guidance documents with regard to the building of IoV standardization system

Jun. 21 , 2018
Geely Auto all-new SUV model likely named Xingyue
Geely Auto all-new SUV model likely named Xingyue

A plug-in hybrid model dubbed “Xingyue (in Chinese)” of Geely Auto has appeared on the list released by China's Ministry of Industry and Information Technology (MIIT), which enumerates the 18th batch of models exempted from vehicle purchase tax.

Jun. 21 , 2018