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Home appliance giant Haier said to be strategic investors of IoV company PATEO
Home appliance giant Haier said to be strategic investors of IoV company PATEO

Haier Group, a Chinese multinational home appliances and consumer electronics company, has invested in PATEO, a Shanghai-based IoV (Internet of Vehicles) product and service provider, as a strategic investor, according to a local media outlet.

Jul. 6 , 2020
Toyota green-lighted by Beijing to have road tests for autonomous cars
Toyota green-lighted by Beijing to have road tests for autonomous cars

Japanese automaker Toyota has been permitted to conduct roads tests for autonomous vehicles in Beijing, according to a list released by Beijing Innovation Center for Mobility Intelligent (BICMI).

Jul. 6 , 2020
GM Delivers Over 713,600 Vehicles in China in the Second Quarter
GM Delivers Over 713,600 Vehicles in China in the Second Quarter

General Motors and its joint ventures delivered more than 713,600 vehicles in China in the second quarter.

Jul. 6 , 2020
BMW to co-launch innovation base with Alibaba for faster digital transition
BMW to co-launch innovation base with Alibaba for faster digital transition

BMW Group and Alibaba Group inked a strategic agreement on July 3 for the launch of a joint innovation base, which is deemed as an important measure for BMW’s digital transition in China.

Jul. 3 , 2020
SAIC Motor to acquire 28.92% stake in CAR Inc. for mobility service development
SAIC Motor to acquire 28.92% stake in CAR Inc. for mobility service development

SAIC Motor announced on July 2 that its wholly-owned subsidiary SAIC Motor HK Investment Limited (SAIC HK) plans to acquire not fewer than 613,377,424 shares in CAR Inc., a Hong Kong-listed mobility service provider.

Jul. 3 , 2020
Chery Holding posts MoM sales growth for 4th month in a row
Chery Holding posts MoM sales growth for 4th month in a row

Chery Holding sold 46,189 new vehicles in June, a growth of 10.9% over a month ago. The company said it has gained month-on-month increase for the fourth month in a row.

Jul. 3 , 2020