Home > 2014 > December

Tongzhou, Beijing to add 300 batter-powered electric Taxis

Tongzhou District, Beijing will be adding 300 battery-powered electric taxis to its roads, according to a December 14 statement by the district government, reported by Beijing Daily.  As part of its efforts towards popularizing, Tongzhou district has already built two taxi-specific charging stations. The newest station was built near Yihua Park, and

| | | Read More

Dongfeng-Honda’s new plant in Wuhan gets approval

WUHAN, Hubei – Dongfeng-Honda’s third plant in Wuhan, Hubei Province has been approved by Hubei Provincial Development and Reform Commission, according to a report on auto.souhu.com. With a total investment of ¥5.2 billion ($867 million), the plant will be built in two phases and capable of producing 240,000 vehicles per

| | | | | Read More

Used car platform renrenche.com receives $20 million investment

BEIJING – Renrenche.com, a C2C used car trading platform established in April 2014, announced on December 26 that it has received a second round of investment of $20 million, according to a report on auto.sina.com.cn. The investment came from Ce Yuan Ventures, a Beijing-headquartered venture capital firm focusing on IT

| | | | Read More

BorgWarner to build new plant in Ningbo

SHANGHAI – BorgWarner (China) Investment Co., Ltd. signed an investment agreement with Ningbo municipal government on December 15 to establish a wholly-owned subsidiary in Yinzhou District of Ningbo, Zhejiang Province, according to a company news release. BorgWarner Emissions Systems, a division of BorgWarner Inc., will invest $36 million to build

| | | Read More

Yunnei Power to establish NEV powertrain system JV

KUNMING, Yunnan – Kunming Yunnei Power Co., Ltd. (Yunnei Power) signed quartet term sheets with Wuxi Huishan Economic Development Zone Management Committee, Tianjin Santroll Electric Automobile Technology Co., Ltd. (Tianjin Santroll) and Tongji University Automotive Design & Research Institute Co., Ltd. (Tongji Auto) on December 19, to establish a joint

| | Read More