HUAYU Automotive Systems Co., Ltd. (HASCO) announced in recent days that it plans to sell its 50 stake in Shanghai TRW Automotive Safety Systems Co., Ltd. (Shanghai TRW) to TRW Asia Pacific Co.,Ltd (TRW Asia) with a value of RMB80.71 million.
Dec. 25 , 2018
The Geely Emgrand GL’s two new versions carrying continuously variable transmission (CVT) hit the market recently with their prices ranging between RMB100,800 and RMB110,800.
Dec. 25 , 2018
FAW-VW witnessed its 2 millionth vehicle of the year came off the production line on Dec 24. During the past 20 years, the yearly outputs for the company have been jumping to over 2 million units in 2018 from more than 50 thousand units in 1998.
Dec. 25 , 2018
BYD will set up a new sales network dubbed “e network” that focuses on the marketing of NEV models, according to local media.
Dec. 21 , 2018
The all-new Lexus UX is to hit Chinese market on January 23, according to local media. The new model, coming with six variants, has been already available for presale, with prices ranging between RMB269,900 and RMB373,000.
Dec. 21 , 2018
Chinese car-sharing startup TOGO is faced with a refund plight, very similar to what is happening to the bike-sharing venture Ofo who is required by over 10 million users to return their deposits back, according to local media.
Dec. 20 , 2018