Classification: JV UPDATE
BMW CEO Harald Kr├╝ger confirms stake increase in BMW Brilliance JV [2018-08-03]

MUNICH – Harald Krüger, chairman of the Board of Management of BMW AG, confirmed in a conference call on August 2 upon the release of first half 2018 financial results that the German carmaker would increase its stake in the BMW Brilliance Automotive (BBA) joint venture.

Geely and Tencent officially launch CRGT to provide WiFi services to high-speed rail customers [2018-07-12]

BEIJING – Geely Holding Group, Tencent Holdings Ltd. and China Railway Investment Co., Ltd. (CRIC), officially launched the China Railway Gecent Technology Co., Ltd.

FAW-Volkswagen completes Foshan Plant Phase II, to introduce MEB architecture and battery systems by 2020 [2018-06-29]

FOSHAN, Guangdong – FAW-Volkswagen began production at its Foshan Plant Phase II on June 22, doubling annual output capacity from 300,000 units to 600,000 units at this southern production base.

Magna forms two JVs with BJEV, to jointly engineer and produce premium smart EVs for customers in China [2018-06-22]

NANJING, Jiangsu – Magna is bringing its decades of vehicle contract manufacturing experience from Graz, Austria to Zhenjiang, Jiangsu Province.

Suzuki backs out of China JV with Changhe [2018-06-19]

JINGDEZHEN, Jiangxi - Suzuki Motor Corp. has decided to completely pull out of its 23-year-old joint venture with Changhe Automobile Co., Ltd.

JAC forms engine JV with Cummins after Navistar exit [2018-05-30]

HEFEI, Anhui – JAC Automobile Co., Ltd. and Cummins signed a cooperation agreement on May 11 here to form a new 50:50 engine joint venture after Navistar and JAC mutually parted ways and Cummins purchased Navistar’

SOL, here it is: JAC-Volkswagen begins production of E20X electric SUV, eyes Q3 launch [2018-05-30]

HEFEI, Anhui – The SOL E20X, the first model from JAC-Volkswagen – Volkswagen Group’

BMW Brilliance's new high-voltage battery plant to supply batteries for upcoming iX3 [2018-05-30]

SHENYANG, Liaoning – BMW Brilliance Automotive (BBA) broke ground on May 28 for Phase II expansion of its high-voltage battery center, just seven months after Phase I opened.

Qingdao facility part of three new factories Volkswagen to open in China to strengthen SUV offensive and e-mobility [2018-05-30]

QINGDAO, Shandong – FAW-Volkswagen opened its new production facility in Qingdao, Shandong Province on May 28 and began production of the all new Bora based on Volkswagen’

Ford Smart Mobility and Zotye to form new JV to provide ride-hailing solutions [2018-05-23]

SHANGHAI – Ford Smart Mobility LLC and Zotye Auto signed a memorandum of understanding (MOU) on May 2 to establish a new 50:50 joint venture with a registered capital of $20 million to provide smart, customized all-electric vehicle solutions to fleet operators and drivers in China’

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