It’s learned from official news that Geely would sign a final agreement with DRB today to purchase Proton Auto’s 49.9% shares and luxury brand Lotus’s 51% shares, becoming the exclusive foreign strategic partner of Proton Auto.
Jun. 23 , 2017
On June 19th, SAIC and the world-leading lithium battery manufacturer CATL started a foundation ceremony to establish two joint-venture companies SAIC CATL and CATL SAIC.
Jun. 23 , 2017
Volvo has recently announced that its car Polestar officially became Volvo's independent sub-brand, which is an electrification global high-performance car company, it also marks that the Volvo is entering the latest stage of transition.
Jun. 22 , 2017
Jinbei Automobile will further optimize listed companies’ asset quality and profitability to peel off the vehicle business. It’s known that Jinbei Automobile will transfer 100% shares of Jinbei Auto with RMB 371m.
Jun. 21 , 2017
Besides GS4, GS5 and GS8, GAC Trumpchi is to introduce a new small SUV named "GS3". IIA learned from GAC insiders that the GAC Chumpchi GS3 will be officially launched in the third quarter of this year.
Jun. 21 , 2017
SAIC Group will hold foundation stone laying ceremony for two joint-venture companies with CATL in Changzhou, Jiangsu Province. The two sides will cooperate and promote the transformation and upgrade of Chinese auto industry.
Jun. 20 , 2017