Today, Qoros, a joint venture between Chery and Quantum 2007 (LLC), officially announced that the company will have a new strategic investor, Baoneng Group, a Chinese property and financial services conglomerate controlled by billionaire Yao Zhenhua.
Dec. 21 , 2017
On December 20, Shanghai Baolong Automotive Corporation announced that it will invest RMB 50 million to the establishment of the National Auto Institute for Intelligent and Connected Vehicles (tentative), accounting for 4.76 percent of the company’s
Dec. 21 , 2017
A new round of personnel change begins in FAW Group. FAW Car released an announcement stating that four board members resigned but its personnel structure on official website has not been adjusted yet.
Dec. 21 , 2017
On December 20, the board of Baidu Apollo was officially established. On the very same day, the first board meeting was held in Xiong’an New Area, a state-level new area in the Baoding area of Hebei province.
Dec. 21 , 2017
On December 20, BMW announced that Jochen Goller will take over as President and CEO of BMW Group Region China from Olaf Kastner, effective March 1, 2018. In a short period after his departure, Kastner will continue to support business in China.
Dec. 20 , 2017
On December 15th, Lu Huaping, the assistant to Secretary General of the China Passenger Car Association, revealed that, the new energy vehicle subsidy policy will be further tightened up.
Dec. 20 , 2017