Market & Industry
Former Baidu executive’s startup aims to produce over 500 autonomous vehicles annually
Former Baidu executive’s startup aims to produce over 500 autonomous vehicles annually

Jingchi Technology announced that its global headquarter will be located in the district and the core team will be moved from the Silicon Valley to the new headquarter.

Dec. 29 , 2017
SAIC Motor launches largest OTA car upgrades ever seen in world
SAIC Motor launches largest OTA car upgrades ever seen in world

On December 28, SAIC MOTOR ROEWE officially initiated Banma 2.0 OTA update, the AliOs-based updating system of Internet vehicles. Within the following 4 months, around 400 thousand vehicles will complete another evolution.

Dec. 29 , 2017
Baoneng conducts due diligence on BAIC’s subsidiary
Baoneng conducts due diligence on BAIC’s subsidiary

Baoneng conducted due diligence on Changhe Suzuki. According to the disclosed information, Baoneng plans to acquire the manufacturing license and Jiujiang factory of Changhe Suzuki, which has been reported to the government.

Dec. 29 , 2017
All-new Camry prices: RMB 179,800 to 279,800
All-new Camry prices: RMB 179,800 to 279,800

It is reported that the order quantity of the 8th generation Camry, TNGA’s first strategic sedan in China, almost reached 30,000 units only one month after it went public on China’s auto market in November 16.

Dec. 27 , 2017
GAC Toyota to put third vehicle plant into production in Jan 2018
GAC Toyota to put third vehicle plant into production in Jan 2018

According Guangzhou Automobile Group Co., Ltd. (GAC), the vehicle plant of GAC Toyota Motor Co., Ltd (GAC Toyota) has already initiated the trial production and plans to put it into production in January 2018.

Dec. 27 , 2017
Geely becomes controlling shareholder of AB Volvo
Geely becomes controlling shareholder of AB Volvo

Geely will acquire Cevian’s 8.2 percent stake in AB Volvo. After the deal, Geely will be the controlling shareholder of AB Volvo and has 15.6 percent voting rights.

Dec. 27 , 2017