Market & Industry
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
Ford Motor China sales fall 19% YoY in Q1, Lincoln brand sees positive growth
Ford Motor China sales fall 19% YoY in Q1, Lincoln brand sees positive growth

Ford Motor China retail sales in March reached 83,666 vehicles, declining 11% year on year, according to the data released by the automaker on April 13.

Apr. 13 , 2018
Dongfeng Renault sees 3.2% YoY growth in Q1, deepen cooperation with Alibaba
Dongfeng Renault sees 3.2% YoY growth in Q1, deepen cooperation with Alibaba

According to local media, Dongfeng Renault delivered a total of 20,905 vehicles in the first quarter of this year in China, growing 3.2% from a year ago. Besides, the joint venture plans to roll out 9 locally-produced models in China by 2022.

Apr. 13 , 2018
Bosch, Changjiang EV sign strategic cooperation agreement to develop intelligent transportation
Bosch, Changjiang EV sign strategic cooperation agreement to develop intelligent transportation

Bosch China and Changjiang EV recently signed a strategic cooperation agreement in Guiyang, Guizhou Province, aiming to conduct overall strategic cooperation in intelligent driving, connected vehicles, intelligent transportation and EV parts.

Apr. 12 , 2018
Tencent, Chongqing Changan to build ICV joint venture, co-develop IoV solution
Tencent, Chongqing Changan to build ICV joint venture, co-develop IoV solution

On April 12, Tencent and Chongqing Changan officially signed a cooperation agreement to establish an ICV (intelligent-connected vehicle) joint venture. Both parties will focus on developing IoV integration solutions.

Apr. 12 , 2018
Letv, LeSEE Holding bear no relation with Ruichi’s investment
Letv, LeSEE Holding bear no relation with Ruichi’s investment

Letv stated that Ruichi Intelligent Automobile Co., Ltd. (Ruichi) is a totally independent company which has no legal relationship with LeSEE holding system controlled by Jia Yueting.

Apr. 12 , 2018