Gasgoo.com (Shanghai June 26) - Competition in the Chinese new energy segment is growing increasingly fierce. In addition to the BMW i series and Tesla Model S, offerings from Audi, Porsche and other multinational manufacturers are entering the fray. This competition has been further spurned on by Tesla's recent announcement that it was relinquishing the exclusive rights to its new energy technology in the name of the greater good.
Jul. 1 , 2014Gasgoo.com (Shanghai June 25) - BMW's single brand strategy has been attributed for its success in China. According to a report from China Business News this week, BMW last week announced the signing a second-phase cooperation agreement with Chinese partner Brilliance Group.
Jun. 26 , 2014Gasgoo.com (Shanghai June 19) - This week, foundation work was laid on Guangqi Fiat's production site, auto.163.com reported today. The site is scheduled to begin production by the first quarter of 2016. The 4.23 billion RMB ($686.59m) site is designed to manufacture 160,000 vehicles a year, which are hinted to be Jeep vehicles.
Jun. 25 , 2014