Market & Industry
Daimler and Geely Holding form global joint venture to develop smart
Daimler and Geely Holding form global joint venture to develop smart

​Daimler AG (Daimler) and Zhejiang Geely Holding Group (Geely Holding), the German and Chinese automotive groups, today announced on March 28 the formation of a 50-50 globally focused joint venture.

Mar. 28 , 2019
NIO said to launch supercharger stations in April
NIO said to launch supercharger stations in April

China-based startup NIO is ready to launch supercharger stations in April and officially open its “one click for power” service in the near future to further facility the EV charging for consumers, according to local media outlets.

Mar. 28 , 2019
China’s JV-owned, self-owned car brands lower prices prior to VAT drop
China’s JV-owned, self-owned car brands lower prices prior to VAT drop

FAW-VW, SAIC-Volkswagen’s Skoda and MG recently said they would lower their suggested retail prices in China following 7 premium car brands who had already announced price cut decisions before China’s VAT drop policy officially comes into effect.

Mar. 27 , 2019
FAW-Volkswagen to produce 1.5T engine as replacement of 1.4T engine
FAW-Volkswagen to produce 1.5T engine as replacement of 1.4T engine

FAW-Volkswagen is expected to manufacture the all-new EA211 1.5T Evo engine at its Chengdu engine factory in 2022, according to local media outlets.

Mar. 26 , 2019
BYD partners with Huawei for ICV, autonomous driving, smart monorail
BYD partners with Huawei for ICV, autonomous driving, smart monorail

On March 25,BYD signed a strategic cooperation agreement with Huawei, to co-boost the innovation of automobile and rail transit, and digital transformation of automotive industry.

Mar. 26 , 2019
FAW-Volkswagen’s third sub-brand Jetta launched in Chengdu on March 22
FAW-Volkswagen’s third sub-brand Jetta launched in Chengdu on March 22

On March 22, FAW Volkswagen officially launched its third sub-brand Jetta in Chengdu and three new models under the new brand—the VA3 sedan, the VS5 SUV and the VS7 SUV were unveiled at the same time.

Mar. 25 , 2019