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Webasto SE appoints Freddy Geeraerds as a new Global Board Member Expanding networks for more potential opportunities in China
Webasto SE appoints Freddy Geeraerds as a new Global Board Member Expanding networks for more potential opportunities in China

the Webasto SE Supervisory Board decided to appoint Freddy Geeraerds as an additional member to the Board. On the Management Board of Webasto SE, Mr. Geeraerds will be responsible for the China region as of November 1st 2017.

Nov. 1 , 2017
Most JVs fail to complete sales target during previous three quarters
Most JVs fail to complete sales target during previous three quarters

By the end of the third quarter in September, only a few JV carmakers had completed their 75% sales targets, and more than a half of JV car companies failed to achieve their targets.

Nov. 1 , 2017
BYD sets up joint venture with Faurecia
BYD sets up joint venture with Faurecia

BYD and Faurecia announced the establishment of a joint venture. Named Shenzhen Faurecia Automotive Parts Co., Ltd., the new joint venture will focus on developing and manufacturing advanced seating solutions for BYD-affiliated OEM brand.

Nov. 1 , 2017
BYD's revenue reaches RMB 28.895 billion in the third quarter
BYD's revenue reaches RMB 28.895 billion in the third quarter

BYD achieved a revenue of RMB 28.895 billion in the third quarter ended Sept. 30, with a year-on-year growth of 3.76 percent. In the July-to-September period, the profit attributable to the shareholders of the listed company was RMB 1.069 billion.

Oct. 31 , 2017
CRRC transfers 51% share of CRRC TEV with RMB 926 million
CRRC transfers 51% share of CRRC TEV with RMB 926 million

On Oct. 27, CRRC released a statement, saying that its wholly owned subsidiary, CRRC Zhuzhou Institute planned to transfer 51% share of CRRC TEV to CRRC's holding company by agreement with RMB 926.4002 million.

Oct. 31 , 2017
BAIC, Yanfeng enter into strategic cooperation
BAIC, Yanfeng enter into strategic cooperation

BAIC and Yanfeng signed a strategic cooperation framework agreement.

Oct. 31 , 2017