Classification: JV UPDATE
In Shenyang, for the world: BMW ups the ante in China with controlling stake in BBA [2018-10-12]

SHENYANG, Liaoning – It is official. BMW Group is expected to become the first foreign automaker to have a controlling stake in a vehicle joint venture in China after the German automaker officially announced its intention to increase its stake in BMW Brilliance Automotive (BBA), its joint venture with Brilliance China Automotive Holdings Ltd.

Ford Smart Mobility and Zotye to offer Chinese ride-hailing operators leasing and fleet solutions under new JV [2018-09-29]

SHANGHAI – Ford Smart Mobility LLC, a wholly owned subsidiary of Ford Motor Co., and Zotye Auto, signed a definitive joint venture agreement here on September 27 to establish Zotye Ford Smart Mobility Technology Co., Ltd.

WABCO and FAW Jiefang form vehicle control systems JV to produce single-piston ADB from 2019 [2018-09-29]

HANNOVER – WABCO Holdings Inc., the leading global supplier of commercial vehicle braking control systems, signed an agreement here on September 21 with FAW Jiefang, China’

Volkswagen Group CV arm TRATON and CNHTC to form JV, localize MAN truck production in China [2018-09-19]

HANNOVER – TRATON AG, the recently formed wholly-owned commercial vehicle subsidiary of Volkswagen Group combining the MAN, Scania, Volkswagen Caminhõ

FAW-Volkswagen opens Tianjin Plant for production of SUVs [2018-09-12]

TIANJIN – FAW-Volkswagen inaugurated on August 30 its new plant in Tianjin, an efficient and strong hub for Volkswagen Group China’

Suzuki exits JV with Chang'an, sells stake for ¥1 [2018-09-07]

CHONGQING – It was only a matter of when, not if, for Suzuki’s departure from China. And that when happened on September 4, when the Japanese automaker announced that it has agreed to transfer its 50 percent equity in Chang’

Geely and Proton extend strategic cooperation, to set up 50:50 JV in China [2018-08-29]

HANGZHOU – Geely Holding Group, which acquired Proton in June 2017, has agreed to terms with the Malaysian automaker to enable it to fully utilize core technology platforms developed by Geely Auto and to explore further synergies to enable the Malaysian brand to become the leader in its home market and to increase its global competitiveness.

Ten million vehicles in 15 years: Dongfeng Nissan begins production of Sylphy Zero Emission [2018-08-29]

GUANGZHOU – Dongfeng Nissan Passenger Vehicle Co. officially began production of the Nissan Sylphy Zero Emission, the first Nissan electric car made for China, at the company’

BMW CEO Harald Krüger 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.

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