Market & Industry
Beijing Benz FWD car plant completed with A-Class L sedan rolling off production line
Beijing Benz FWD car plant completed with A-Class L sedan rolling off production line

Beijing Benz (BBAC) saw its front-wheel drive (FWD) car plant completed on November 21 and a Mercedes-Benz A-Class L sedan, also BBAC’s 2 millionth vehicle, officially roll off the production line on the same day.

Nov. 21 , 2018
Volvo Cars Polestar first production base to open in Chengdu
Volvo Cars Polestar first production base to open in Chengdu

Polestar, Volvo Cars-owned electric performance car brand, showcased the Polestar 1 at the Auto Guangzhou 2018 kicking off on November 16. The automaker revealed that its first production base will be located in Chengdu, capital of Sichuan province.

Nov. 21 , 2018
Dongfeng forms two new companies by integrating 6 auto parts subsidiaries
Dongfeng forms two new companies by integrating 6 auto parts subsidiaries

On November 17 and 18, Dongfeng Motor Corporation saw two new subsidiaries established after integrating businesses of six auto parts units, according to the automaker’s official WeChat account.

Nov. 21 , 2018
Sokon to wholly own Dongfeng Sokon at expense of 26.01% stake offered to Dongfeng Motor Corporation
Sokon to wholly own Dongfeng Sokon at expense of 26.01% stake offered to Dongfeng Motor Corporation

Chongqing Sokon Industry is ready to acquire 50% stake in Dongfeng Sokon held by Dongfeng Motor Corporation by issuing RMB4.83 billion worth of shares to Dongfeng Motor Corporation at the expense of 26.01% stake offered to the latter.

Nov. 19 , 2018
Lincoln to release one China-made model annually for 3 straight years
Lincoln to release one China-made model annually for 3 straight years

Ford-owned premium car brand Lincoln will annually launch a new domestically-produced model in China for three consecutive years staring from 2019, said Mao Jingbo, president of Lincoln Asia Pacific and China when she was interviewed by local media.

Nov. 19 , 2018
Volkswagen Group new China strategy focuses on EV offensive, smart mobility service
Volkswagen Group new China strategy focuses on EV offensive, smart mobility service

Volkswagen Group will roll out more than 30 new NEV models over the next two years with 50% local production and work on providing consumers with smart mobility services in China.

Nov. 16 , 2018