News
CHJ raises RMB 3 billion in Series B round, to build JV with Didi
CHJ raises RMB 3 billion in Series B round, to build JV with Didi

Chinese startup CHJ Automotive (CHJ) announced today that the company has completed a RMB 3 billion Series B round that was led by Matrix Partners China and a new energy fund under Shougang Fund.

Mar. 22 , 2018
Faraday Future has no desire to build plant in Guangzhou temporarily
Faraday Future has no desire to build plant in Guangzhou temporarily

Faraday Future (FF) has no planning on building factory in Guangzhou. The company only has a California-based factory, which has started production.

Mar. 22 , 2018
China likely to relax JV ownership restrictions soon
China likely to relax JV ownership restrictions soon

The long-discussed ownership restrictions of Sino-foreign automotive JVs are likely to be relaxed in the near future and the issue has been put into agenda by the relevant government departments, according to the person who briefed this matter.

Mar. 22 , 2018
SF Motors to be unveiled on Mar. 28
SF Motors to be unveiled on Mar. 28

SF Motors, an EV startup wholly owned by Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon), will hold its global brand-releasing conference on Mar. 28 in Silicon Valley.

Mar. 21 , 2018
Audi senior executive joins SAIC VW to speed up SAIC-Audi channel building
Audi senior executive joins SAIC VW to speed up SAIC-Audi channel building

According to local media, Fred Schulze, currently the director of Audi’s C-class and D-class SUV as well as crossover models, has been appointed technical executive vice president of SAIC VOLKSWAGEN (SAIC VW) in Shanghai.

Mar. 21 , 2018
BYD pure electric bus starts operation in Brasilia
BYD pure electric bus starts operation in Brasilia

The new pure electric bus D9W, co-developed by the Chinese automaker BYD Auto and the Brazilian bodywork maker Marcopolo, was officially showcased at the 8th World Water Forum held in Brasilia, the Brazil’s capital.

Mar. 21 , 2018