Lexus, which has been pursuing “lean production” and “annual growth management rules”, performed exceptionally well in the Chinese market this year with sales of 119,800 units in the first 11 months, exceeding the sum of last year.
Dec. 21 , 2017
Today, Qoros, a joint venture between Chery and Quantum 2007 (LLC), officially announced that the company will have a new strategic investor, Baoneng Group, a Chinese property and financial services conglomerate controlled by billionaire Yao Zhenhua.
Dec. 21 , 2017
On December 20, Shanghai Baolong Automotive Corporation announced that it will invest RMB 50 million to the establishment of the National Auto Institute for Intelligent and Connected Vehicles (tentative), accounting for 4.76 percent of the company’s
Dec. 21 , 2017
Didi Chuxing, Chinese ride-sharing giant, announced that the company raised more than 4 billion dollars in the latest round of financing. The company plans to further increase its investment in transportation artificial intelligence (AI) technology.
Dec. 21 , 2017
On December 20, the board of Baidu Apollo was officially established. On the very same day, the first board meeting was held in Xiong’an New Area, a state-level new area in the Baoding area of Hebei province.
Dec. 21 , 2017
On December 20, BMW announced that Jochen Goller will take over as President and CEO of BMW Group Region China from Olaf Kastner, effective March 1, 2018. In a short period after his departure, Kastner will continue to support business in China.
Dec. 20 , 2017