Market & Industry
China to remove foreign ownership restrictions of auto JVs within five years
China to remove foreign ownership restrictions of auto JVs within five years

China will remove foreign ownership restrictions of auto JVs for specialty vehicles and NEVs in 2018, according to the official website of China’s National Development and Reform Commission.

Apr. 17 , 2018
BAIC said to abandon old logo
BAIC said to abandon old logo

BAIC Group is likely to forgo its old logo. The company had reportedly applied a capitalized letter B-shaped logo, which will be utilized on cars and electric vehicles.

Apr. 17 , 2018
Alibaba confirms development of driverless vehicle technologies
Alibaba confirms development of driverless vehicle technologies

Alibaba is researching and developing L4 (and higher level) driverless vehicle technologies. Meanwhile, some vehicles (reportedly, the Lincoln MKZ refreshed models) have already been tested on roads and dozens of vehicles have been under development.

Apr. 17 , 2018
Geely’s first MPV model exposed to offer PHEV version
Geely’s first MPV model exposed to offer PHEV version

The patent images of Geely’s first MPV model were exposed recently. Coded VF 11, the new model has no formal name yet. It will offer a 1.5T gasoline-powered version and a PHEV version.

Apr. 16 , 2018
China to phase out sales of fossil-fuel vehicles in Hainan, accelerate NEV use
China to phase out sales of fossil-fuel vehicles in Hainan, accelerate NEV use

China aims to gradually phase out sales of fossil-fuel vehicles in Hainan Province, according to local media, citing a governmental guideline on reforming Hainan Province.

Apr. 16 , 2018
China may relax foreign ownership of auto JVs before national holiday at the latest
China may relax foreign ownership of auto JVs before national holiday at the latest

China is working on the specific scheme on relaxing foreign ownership of auto JVs, and the scheme is likely to be exposed to the public before the second half of 2018.

Apr. 13 , 2018