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SAIC Motor is ready to apply for public issuance of RMB20 billion worth of bonds by means of shelf offering and the plan has been approved by the company’s board of directors and supervisory board, the China’s biggest auto group announced on July 19.
Jul. 24 , 2019
Evergrande Health announced on July 24 that one of its wholly-owned subsidiaries has entered into an agreement with German powertrain supplier hofer Aktiengesellschaft to set up a joint venture in Germany.
Jul. 24 , 2019
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
Chinese state-owned automaker Beijing Automotive Group Co.,Ltd (BAIC Group) announced on July 23 it has plowed investment in Daimler AG, a Stuttgart-based auto company who owns Mercedes-Benz, to cement their long-term strategic cooperation.
Jul. 23 , 2019
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
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