Market & Industry
Changan to promote L2 autonomous driving tech with CS55 mass production
Changan to promote L2 autonomous driving tech with CS55 mass production

Chinese automaker Changan Automobile has decided to invest RMB 1.6 billion in intelligent-connect vehicle (ICV) area and grasped around 20 key technologies in autonomous driving modes and technical architecture.

Jun. 26 , 2018
FAW-VW new brand to launch 3 models in 2019
FAW-VW new brand to launch 3 models in 2019

FAW-Volkswagen is going to launch its third brand which will release three new models in 2019 which include a A-segment SUV model, a A+ segment SUV model built on the MQB-A1 platform and a sedan model based on the PQ25L platform.

Jun. 26 , 2018
Evergrande invests in Faraday Future by indirectly acquiring stake in FF JV
Evergrande invests in Faraday Future by indirectly acquiring stake in FF JV

China’s real estate developer Evergrande Group acquired 100% stake in the Hongkong-based TIME GOOD LIMITED (hereinafter referred to as Time Good) with an investment of HK$6.746 billion, Evergrande Health Industry Group Limited announced on June 25.

Jun. 25 , 2018
Banma, Qoros Auto team to develop ICV products, services
Banma, Qoros Auto team to develop ICV products, services

On June 22, Banma, the joint venture between Alibaba and SAIC Group that provides integral ICV (intelligent-connected vehicle) solutions, inked a strategic agreement with Qoros Auto to cooperate in ICV area.

Jun. 22 , 2018
Lynk & Co to roll out larger-sized SUV model, shares platform with new Volvo XC60
Lynk & Co to roll out larger-sized SUV model, shares platform with new Volvo XC60

Geely Auto’s car brand Lynk & Co will develop new models based on the SPA platform (scalable product architecture), a global full-size unibody automobile platform developed and manufactured by Volvo Cars, to cover D-class and E-class segments.

Jun. 22 , 2018
Volkswagen China opens new auto parts plant in Tianjin to speed up localization strategy
Volkswagen China opens new auto parts plant in Tianjin to speed up localization strategy

FAW Volkswagen Platform Automotive Parts Co.,Ltd Tianjin Company (hereinafter referred to as Tianjin plant), a new automotive plant jointly invested by Volkswagen Group China and Fawer Automotive Parts Limited Company, has officially been completed.

Jun. 22 , 2018