Chinese and U.S. companies signed deals worth an eye-popping more than $253.5 billion during U.S. President Donald Trump’s “state visit-plus” to China this week. The figure, which set a record for China-U.S. trade relations, was revealed by the Ministry of Commerce on November 9 after Chinese President Xi Jinping and Trump witnessed the signing of the agreements involving the purchase of aircrafts, automobiles, soybeans and joint development and export of liquefied natural gas from Alaska, among others.

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It's not a "winner takes all" game 2016-04-06

For many of the new “internet carmaking” startups that have recently emerged onto the scene and plan to “disrupt” the industry, Geely Holding Group Chairman Li Shufu and bitauto.

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The 19th Communist Party of China (CPC) National Congress was in session in mid-October but that did not mean the auto industry was quiet.

CHANGCHUN – Liu Changqing has been appointed president of FAW Car Co., Ltd. (FAW Car), succeeding Hu Yong effective November 1, according to a company announcement.

BEIJING – Tian Qingjiu, former deputy Party secretary and union president of FAW Toyota Motor Sales Co., Ltd.

MUNICH – Webasto SE, the leading global supplier of sunroofs, panorama roofs, convertible roofs as well as thermo systems, has appointed Freddy Geeraerds as an additional member of the board responsible exclusively for China, effective November 1.

GUANGZHOU – Dr. Liu Minghui, former deputy director of FAW Technology R&D Institute, has been appointed vice president of Xpeng Motors in charge of R&D of automotive powertrain systems, according to a company announcement on October 31.

TIANJIN – Hella expects LED lighting systems to exceed over 50 percent of its lighting business over the next few years and continue to penetrate the automotive lighting market, according to Markus Bannert, vice chairman of Beijing Hella-BHAP Automotive Lighting Co., Ltd.

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