Market & Industry
Skoda launches new China SUV strategy, rolling 3 new SUV models by 2020
Skoda launches new China SUV strategy, rolling 3 new SUV models by 2020

Skoda plans to roll out three all-new SUV models in China in the next two years, namely Kodiaq GT, MODEL Q Sport and Karoq BEV model, the automaker announced at the launching conference of China SUV strategy on June 27.

Jun. 28 , 2018
Foton Motor increases capital of Borgward to RMB 7.4 billion
Foton Motor increases capital of Borgward to RMB 7.4 billion

Chinese automaker Foton Motor agreed to increase capital in Beijing Borgward Automotive Co.,Ltd (hereinafter referred to as Borgward) with an additional investment of RMB 4.409 billion, Foton Motor announced on June 27.

Jun. 28 , 2018
China EV startup Youxia Motors sets up R&D center in London, partners with IDG, Prodrive
China EV startup Youxia Motors sets up R&D center in London, partners with IDG, Prodrive

On June 27, Chinese EV startup Youxia Motors disclosed that the company has already set up a design center and a high-performance technology R&D center in London and will build R&D centers of chassis platform, safety validation, vehicle test, etc.

Jun. 27 , 2018
Baidu, Ford China team up to develop vehicle intelligent connectivity
Baidu, Ford China team up to develop vehicle intelligent connectivity

Ford Motor (China) Ltd. (hereinafter referred to as Ford China) and China’s Internet giant Baidu inked a strategic letter of intent on June 27 to extend in-depth cooperation in such areas as internet of vehicles (IoV), digitalized solutions, AI techn

Jun. 27 , 2018
Chery Auto to use CVT 25 in 6 models, equivalent to 9-speed AMT
Chery Auto to use CVT 25 in 6 models, equivalent to 9-speed AMT

Chen Anning, general manager of Chery Auto, revealed that the automaker is developing several models which will be fitted with the CVT25 transmission developed by Zhejiang Wanliyang Co., Ltd (WLY), a Chinese transmission manufacturer.

Jun. 26 , 2018
FAW posts YoY sales growth of 8.1% during past five months
FAW posts YoY sales growth of 8.1% during past five months

FAW Group manufactured 303,000 vehicles in May, zooming up 22.4% from a year earlier. It sold 275,000 vehicles in May with a year-on-year growth of 5.9%.

Jun. 26 , 2018