Market & Industry
Subsidiaries of FAW, Dongfeng announce cooperative letter of intent
Subsidiaries of FAW, Dongfeng announce cooperative letter of intent

Fawer Automotive Parts Company under FAW Group announced that it had signed a letter of intent with Dongfeng Auto Parts Company to establish a joint venture.

Dec. 15 , 2017
MAXUS to sell 100,000 units with 50% growth next year
MAXUS to sell 100,000 units with 50% growth next year

In the 7th year of its establishment, MAXUS still maintains double-digit growth. This is incredible. But what is even more marvellous is that in 2018, the motor company strives to achieve 50% growth at its new MAXUS speed.

Dec. 15 , 2017
Alibaba Auto Vending Machine starts
Alibaba Auto Vending Machine starts

On December 13, Alibaba held a press conference to start the project of Auto Vending Machine in Shanghai and Nanjing. The first phase of the project will begin with a Super Test-Drive Center, which will be open to all customers

Dec. 15 , 2017
Renault sub brand Alpine will enter China market
Renault sub brand Alpine will enter China market

Renault’s sub sporting brand Alpine has launched many classic sports cars and won Le Mans champion. Alpine first sports car model A110 after revival made debut on 2017 Geneva Auto Show.

Dec. 14 , 2017
Geely reported to be proceeding with Benz stake acquisition
Geely reported to be proceeding with Benz stake acquisition

Geely Automotive has started the process to acquire a certain stake of Mercedes-Benz, according to a report of China Central Television (CCTV) Business Channel. But the amount hasn’t been specified.

Dec. 14 , 2017
FAW-VW Qingdao plant to Build Bora BEV
FAW-VW Qingdao plant to Build Bora BEV

The FAW-VW’s Production Base in Qingdao in east China officially started in construction in July 2015. The first phase of the project has invested about RMB 10 billion and it will produce 300,000 vehicles per year.

Dec. 14 , 2017