GENEVA – SAIC-Volkswagen will begin production of the Phideon in the third quarter of 2016, according to a company news release on March 1. The C-segment model dedicated exclusively to the Chinese market made its global debut at the Volkswagen Group Night on February 29 prior to the start of
Read MoreBEIJING – Liu Zhi, former vice president of sales at BMW Brilliance, was promoted to president of BMW (China) Automotive Trading Co., Ltd. effective April 1, according to a company announcement on February 27. Liu will succeed Ivan Koh, who will take a senior managerial role at BMW Group Asia
Read MoreChina’s NEV production reached 16,100 units in January 2016, a sharp decline of 84 percent from December 2015, according to statistics released by the Ministry of Industry and Information Technology (MIIT) on February 16. In December, the production was 99,800 units. The production decrease is caused by three main factors,
Read More“A senior executive from our company told me that two workers, who quit their jobs several years ago and built a new energy vehicle (NEV) refitting firm later, earned ¥500 million ($76.9 million) last year after receiving ¥100,000 in subsidy per vehicle,” an employee in a large OEM in South
Read MoreThe Ministry of Finance released a draft plan to award the building of charging facilities for new energy vehicles (NEVs) during the 13th Five-Year Plan period on December 15, 2015. There are many significant policy changes and adjustments in the plan, which will impact China’s market for decades. First, NEV
Read MoreBEIJING – Wu Chen has been appointed executive vice president of strategy and business development at Shenzhen BYD Daimler New Technology Co., Ltd. (BYD-Daimler) effective March 1, according to a company news release. Prior to the new role, Wu was manager of sales and marketing at Beijing Mercedes-Benz Sales Service
Read MoreBEIJING – Seiji Kuraishi has been appointed executive vice president of Honda Motor Co., Ltd. effective June 1, according to a company news release on February 23. Mizuno Yasuhide, current executive board member of Honda and president of GAC-Honda, will succeed Kuraishi as president of Honda Motor (China) Co., Ltd.
Read MoreGeely’s pure methanol vehicles will be taking to Icelandic roads in a 12-month fleet test, following their unveiling at a methanol engine symposium organized by Carbon Recycling International (CRI) in Reykjavik, the capital city of Iceland, on February 23, according to a report on huanqiuwang.com. Initially six Emgrand EC7 methanol
Read MoreNational Electric Vehicle Sweden AB (NEVS), which acquired the assets of Saab Automobile AB from a bankruptcy estate in 2012, announced that it has signed a framework agreement on acquiring stakes in Fujian NLM Motor (NLM) on February 17. After the deal goes through, NEVS, Fujian Motors Group and NEVS
Read MoreCHONGQING - Chang’an announced a joint venture with Geely, Hunan Corun New Energy Co., Ltd. (Corun) and Kunming Yunnei Power for developing hybrid technologies on February 19. Chang’an will invest ¥200 million ($30.8 million) in technology and cash in Corun Hybrid System Technology Co. (CHS), a JV founded by Geely
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