Market & Industry
LeSee executive confirms FF’s fundraising success
LeSee executive confirms FF’s fundraising success

Gao Jingshen, COO of LeSee China, confirmed at an internal meeting that Faraday Future (FF) has got new investment successfully. According to Gao, FF would adopt a strategy of double main markets (China and USA).

Dec. 25 , 2017
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
Suning Auto to open 20 car supermarkets in 2018
Suning Auto to open 20 car supermarkets in 2018

On December19, Zhang Jindong, the president of Suning Commerce Group Co.,ltd announced that the group plans to expand its physical stores to over 20 thousand in the following three years with more than 20 million square meters.

Dec. 21 , 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