Market & Industry
Ford Motor, Baidu to jointly test autonomous vehicles in China
Ford Motor, Baidu to jointly test autonomous vehicles in China

Ford Motor and Chinese Internet giant Baidu announced on October 31 an initiative that will make two companies jointly test autonomous vehicles in China for two years, according to Ford Motor (China) Ltd.’s official WeChat account.

Oct. 31 , 2018
Evergrande not interested in the stake of Foton in Borgward?
Evergrande not interested in the stake of Foton in Borgward?

Foton Motor released the announcement on 30th October to clarify that Evergrande Group hasn't come into contact with Foton for acquiring the company's stake in Borgward.

Oct. 31 , 2018
SAIC Motor net profits rise 12.31% YoY for first three quarters
SAIC Motor net profits rise 12.31% YoY for first three quarters

From January to September, SAIC Motor’s revenues totaled RMB674.741 billion, climbing 10.97% over the previous year and the net profits attributable to shareholders grew 12.31% year on year (YoY) to RMB27.672 billion.

Oct. 30 , 2018
Changan plans to stop building non-connected vehicles in 2020
Changan plans to stop building non-connected vehicles in 2020

Changan Automobile will no longer build new non-connected vehicles from 2020 on and all of its vehicles will be internet connected, according to the automaker’s Dubhe intelligent strategy.

Oct. 30 , 2018
Great Wall Motor, Baidu upgrade cooperation on IoV technology
Great Wall Motor, Baidu upgrade cooperation on IoV technology

GWM and Internet giant Baidu signed another strategic cooperation agreement on October 26 focusing on developing Internet of Vehicles (IoV) services in order to accelerate the application of IoV technologies in China.

Oct. 29 , 2018
FAW Xiali to transfer stake in Tianjin FAW Toyota
FAW Xiali to transfer stake in Tianjin FAW Toyota

FAW Xiali plans to transfer its 15% stake in Tianjin FAW Toyota to FAW Group Corporation, another stakeholder of Tianjin FAW Toyota, according to FAW Xiali’s announcement.

Oct. 29 , 2018