Geely will publish a “L” series high-end brand with Volvo at the end of year. The brand is positioned between Volvo and Geely and the first new model will be SUV. Yang Xueliang, PR Director of Geely Group, admits that, “Geely will launch a new high-end brand, competing with SAIC Volkswagen and other joint-venture brands.”
Jun. 30 , 2016Baidu Zhihui Auto, a newly established Internet company in China, announced to cooperate with Foton Motor, the world's largest commercial vehicle manufacturer, aiming to develop intelligent commercial vehicles in the future on the inaugural ceremony of the China Internet Super Truck Global Innovation Alliance on June 22, 2016.
Jun. 30 , 2016GAC Group announced on June 26th that the company will achieve its goal of driverless vehicles in multiple steps and introduce as many as 20 alternative energy models by the year of 2020.
Jun. 30 , 2016Beijing, one of the trial districts for business auto insurance fee reform completed the system switch at 10:00 p.m. of yesterday. It’s learned that the first contract was signed by Pingan Property and Casualty Insurance Company, Beijing Branch. Currently, the reform has carried out in 36 provinces across the country.
Jun. 28 , 2016Pingan announced on June 25th that, Pingan has finished AutoHome’s share transfer with Telstra and officially becomes AutoHome’s biggest shareholder, holding 47.4% shares with a price of USD 1.6b.
Jun. 27 , 2016