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Shareholder of WKW Automotive Parts acquires Germany’s EV maker

BEIJING – Beijing WKW Automotive Parts Co., Ltd. (WKW) said on November 17 that its shareholder Beijing Central Investment Management Co., which owns 30 percent stakes in the company, signed an agreement to acquire 75 percent stakes in Germany’s electric car manufacturer Elektrofahrzeuge-Stuttgart GmbH. Elektrofahrzeuge-Stuttgart GmbH, which is committed to

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NEV, intelligence and connected vehicle future trends of logistics industry

The 2015 Logistics and Transportation Vehicles Summit, organized by the Automotive Committee of China Council for the Promotion of International Trade (CCPIT-Auto), was held on November 13 in Wuhan, Hubei Province. Experts and executives from truck manufacturers and logistics companies shared their perspectives on recent development and future trends of

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Chery agrees to sell transmission business to Wanliyang

WUHU, Anhui – Chery Automobile Co., Ltd. has signed an agreement to sell its transmission business to Zhejiang Wanliyang Transmission Co., Ltd., according to media reports. Details of the transaction are still being finalized. When the deal is completed, Chery will become a major shareholder of the transmission maker. Chery

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