Market & Industry
Tencent, Chongqing Changan to build ICV joint venture, co-develop IoV solution
Tencent, Chongqing Changan to build ICV joint venture, co-develop IoV solution

On April 12, Tencent and Chongqing Changan officially signed a cooperation agreement to establish an ICV (intelligent-connected vehicle) joint venture. Both parties will focus on developing IoV integration solutions.

Apr. 12 , 2018
Letv, LeSEE Holding bear no relation with Ruichi’s investment
Letv, LeSEE Holding bear no relation with Ruichi’s investment

Letv stated that Ruichi Intelligent Automobile Co., Ltd. (Ruichi) is a totally independent company which has no legal relationship with LeSEE holding system controlled by Jia Yueting.

Apr. 12 , 2018
WM Motor to launch NEVs in Hainan Province for tourism rental service
WM Motor to launch NEVs in Hainan Province for tourism rental service

China's electric vehicle (EV) startup WM Motor officially signed a cooperation agreement with Hainan Province Transport Investment Holding Company Limited to deploy layout in tourism rental area.

Apr. 12 , 2018
Geely Auto vice president denies taking over LeEco Deqing vehicle base
Geely Auto vice president denies taking over LeEco Deqing vehicle base

Geely Auto has no intention to take over LeEco’s electric vehicle base in Deqing County near the eastern Chinese city of Hangzhou, Yang Xueliang, the vice president of Geely Auto revealed to local media.

Apr. 11 , 2018
Baidu, Great Wall Motor cooperate again for autonomous driving
Baidu, Great Wall Motor cooperate again for autonomous driving

Baidu Inc and Great Wall Motor signed a strategic memorandum of cooperation on April 9 to extend collaboration in four major areas, intelligent-connected vehicle (ICV), autonomous driving, travelling sharing and big data.

Apr. 10 , 2018
Chongqing Changan sees MoM sales surge of 76.4% in March
Chongqing Changan sees MoM sales surge of 76.4% in March

Chongqing Changan Automobile Co., Ltd (Changan Auto) delivered 269,040 vehicles in March, leaping 76.4% month on month, while still decreasing 16.4% year on year, according to the data the company released on April 9.

Apr. 10 , 2018