Ningbo Joyson Electronics announced that it have signed a definitive agreement with Takata Corporation for no more than $1.588 billion. The Chinese company will acquire all of Takata’s business, except for those related to PSAN airbag inflators.
Nov. 22 , 2017
As the joint-venture brand co-established by Geely and Volvo, LYNK&CO’s first model 01 will be launched in November 28th. A group of shots for LYNK&CO 02 is obtained, showing the crossover SUV model uses 3-color design and has advantages in width.
Nov. 21 , 2017
FAW Group decided to drop its stake sale plan since it failed to find buyers for its 24.73 percent stake during the open offering period. The company will resume trading activities after it holds an internet explanation meeting on November 22.
Nov. 21 , 2017
According to the China Passenger Car Association (CPCA), the retail sales of passenger cars in October reached 2.25 million, with a month-on-month growth of 2% and a year-on-year growth of 3%.
Nov. 20 , 2017
Wei Jianjun, chairman and founder of WEY reveals that the total number for WEY’s dealerships exceeds 60, and is expected to reach 300 at the end of 2018. He also reveals that the sales target for WEY next year will be 250,000 units.
Nov. 20 , 2017
On November 16th, Audi Q8SPORT concept car made debut in China on the eve of the Auto Guangzhou 2017, which was first unveiled at the Geneva auto show.
Nov. 20 , 2017