Geely Automotive has started the process to acquire a certain stake of Mercedes-Benz, according to a report of China Central Television (CCTV) Business Channel. But the amount hasn’t been specified.
Dec. 14 , 2017
The FAW-VW’s Production Base in Qingdao in east China officially started in construction in July 2015. The first phase of the project has invested about RMB 10 billion and it will produce 300,000 vehicles per year.
Dec. 14 , 2017
On Dec. 12, Xu Liuping was invited by State-owned Assets Supervision and Administration Commission of the State Council to talk about the issue on the strategic cooperation of FAW, Dongfeng and Changan
Dec. 14 , 2017
Jinbei Auto announced, "Jinbei Auto has already completed the procedures of transferring all Jinbei Vehicle’s shares." This announcement drew a conclusion to Jinbei Auto's transferring plan.
Dec. 13 , 2017
On Dec. 12, Alibaba, China’s Internet giant finished the investment in Xpeng Motors, one of Chinese EV startups, taking up 10% stake of Xpeng Motors.
Dec. 13 , 2017
By the end of November, a total of three luxury car brands have delivered over 500,00 vehicles in China this year. BMW Group was the best seller in China in the past eleven months, with a cumulative sales volume of 542,362 units.
Dec. 13 , 2017