Market & Industry
Ministry of Commerce approves JAC Volkswagen's NEV program
Ministry of Commerce approves JAC Volkswagen's NEV program

On December 21, JAC announced that the program that jointly produce pure electric passenger vehicles with Volkswagen (China) Investment Co., Ltd. has been approved by MOFCOM

Dec. 22 , 2017
Baidu sues its former vice president for infringement of commercial secrets
Baidu sues its former vice president for infringement of commercial secrets

A local media reported today that Baidu has appealed to Beijing Intellectual Property Court to prosecutes Wang Jin, former senior vice president and general manager of Baidu autopilot department, and Janzsoft under his operation.

Dec. 22 , 2017
TOP 10 Models from American brands by November Sales in China
TOP 10 Models from American brands by November Sales in China

According to data released by the China Passenger Car Association, New Excelle was the best seller among all models from American brands. Last month, the sales of New Excelle were 37,993 units, up 6.82 percent year on year but down 20.55 percent mont

Dec. 22 , 2017
Lexus China expects new executive vice president
Lexus China expects new executive vice president

Lexus, which has been pursuing “lean production” and “annual growth management rules”, performed exceptionally well in the Chinese market this year with sales of 119,800 units in the first 11 months, exceeding the sum of last year.

Dec. 21 , 2017
Baoneng becomes controlling shareholder of Qoros
Baoneng becomes controlling shareholder of Qoros

Today, Qoros, a joint venture between Chery and Quantum 2007 (LLC), officially announced that the company will have a new strategic investor, Baoneng Group, a Chinese property and financial services conglomerate controlled by billionaire Yao Zhenhua.

Dec. 21 , 2017
21 Chinese companies set up institute for intelligent-connected vehicles with RMB 1.05 billion
21 Chinese companies set up institute for intelligent-connected vehicles with RMB 1.05 billion

On December 20, Shanghai Baolong Automotive Corporation announced that it will invest RMB 50 million to the establishment of the National Auto Institute for Intelligent and Connected Vehicles (tentative), accounting for 4.76 percent of the company’s

Dec. 21 , 2017