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China’s 2019 automobile sales forecast cut to 26.68 million units, CAAM
China’s 2019 automobile sales forecast cut to 26.68 million units, CAAM

The China Association of Automobile Manufacturers (CAAM) recently cut the 2019 car sales volume forecast of China’s auto market to 26.68 million units (down by 5% year on year) from 28 million units as sales still weakened for H1 2019.

Jul. 24 , 2019
Symphony Investment Enters Strategic Partnership with Didi Chuxing to Develop Internet Business Ecosystem in the Middle East
Symphony Investment Enters Strategic Partnership with Didi Chuxing to Develop Internet Business Ecosystem in the Middle East

Symphony Investment today signed a strategic agreement with Didi Chuxing (“DiDi”) to establish an innovative industry partnership across the MENA region and China.

Jul. 24 , 2019
BAIC BJEV kicks off operation of new experiment hub, to roll out 6 new models by 2021
BAIC BJEV kicks off operation of new experiment hub, to roll out 6 new models by 2021

BAIC BJEV formally starts operation of its new experiment hub on July 22 to “give impetus to BAIC BJEV’s long-term high-quality sustainable development”, Ma Fanglie, president of the China-based NEV manufacturer said in an interview.

Jul. 23 , 2019
State-owned FAW Group, Dongfeng, Changan Automobile launch T3 mobility service platform
State-owned FAW Group, Dongfeng, Changan Automobile launch T3 mobility service platform

FAW Group, Dongfeng Motor and Changan Automobile on July 22 launched the T3 Mobility platform, which is designed to offer consumers safe, convenient and comfortable mobility services and solve industrial pain points.

Jul. 23 , 2019
Chinese OEMs tabulated on 2019 Fortune Global 500
Chinese OEMs tabulated on 2019 Fortune Global 500

The Fortune Global 500 list, one of the most authoritative ranking presenting the business performance of companies worldwide, was officially released on July 22. A total of 6 OEMs from Mainland China entered into the list.

Jul. 22 , 2019
Changan Automobile to team up with French Punch Powerglide for transmission
Changan Automobile to team up with French Punch Powerglide for transmission

Chongqing Changan Automobile Co., Ltd inked a letter of intent with French automatic transmission supplier Punch Powerglide several days ago at the Sino-French Roundtable on the Industrial Cooperation to conduct collaboration on transmissions.

Jul. 22 , 2019