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Baoneng Group reportedly plans to acquire stake of Chery Auto with a total of RMB 25-27 billion, and aims to be the biggest shareholder of the automaker.
May 16 , 2018
Shenzhen-based self-driving startup Roadstar.ai announced a $128 million Series A round financing on May 15, which was by far the biggest financing value in China's autonomous driving industry.
May 16 , 2018
Guangxi Automobile Group Co., Ltd., whose former name is Liuzhou Wuling Automobile Industry Co., Ltd. (Liuzhou Wuling), and Fulin Industrial Group Co., Ltd. (Fulin Group), parent company of Yema Auto, signed a letter of intent on May 9.
May 16 , 2018
JAC and Cummins Sales and Service Singapore Pte., Ltd. (hereinafter referred to as Cummins) signed a contract on May 14 to set up a new engine factory, which is likely to be named as JAC Cummins Engine Co., Ltd.
May 15 , 2018
BMW obtained two license plates for the ICV (intelligent-connected vehicle) road test from Shanghai municipal government on May 14, becoming the first multinational automaker that is allowed to test ICV on roads.
May 15 , 2018
Chinese AI company iFlytek joined hands with China Automotive Technology & Research Center (CATARC) to co-build the intelligent vehicle big data development center with the aim of promoting China’s intelligent vehicle development.
May 14 , 2018