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Beijing: driverless cars put to test
Beijing: driverless cars put to test

On December 27, Zhou Zhengyu, the director of Beijing Municipal Commission of Transport stated that Beijing will set testing areas for autonomous driving in Yizhuang Daxing District and Beianhe area.

Dec. 28 , 2017
GAC Group teams up with NIO to establish NEV JV
GAC Group teams up with NIO to establish NEV JV

GAC Group announced on the evening of Dec. 27 that it will team up with NIO to jointly set up a new JV, GAC NIO New Energy Automotive Co., Ltd.

Dec. 28 , 2017
Geely works with tax service provider in online ride-hailing service
Geely works with tax service provider in online ride-hailing service

Shanghai Qiangsheng Taxi Co., Ltd. announced on Dec. 26 that it established strategic cooperative partnership with State Grid, Geely, and Tokyo MK Taxi, testing water online ride-hailing sector to explore a new profitable business mode.

Dec. 28 , 2017
Geely becomes controlling shareholder of AB Volvo
Geely becomes controlling shareholder of AB Volvo

Geely will acquire Cevian’s 8.2 percent stake in AB Volvo. After the deal, Geely will be the controlling shareholder of AB Volvo and has 15.6 percent voting rights.

Dec. 27 , 2017
China to exempt NEV purchase tax for another 3 years
China to exempt NEV purchase tax for another 3 years

China’s Ministry of Finance announced on Wednesday that the new energy vehicle (NEV) purchasing tax exemption will be continued for another 3 years, from the first day of 2018 to the end of 2020.

Dec. 27 , 2017
China should make regulations for development of methanol vehicles
China should make regulations for development of methanol vehicles

The industry has made great progress in the problems of cool starting and the reliability in methanol supply system. Thus, the government and relevant departments should formulate policies to promote the popularity of methanol vehicles.

Dec. 27 , 2017