Home > 2016 > September (Page 7)

Volkswagen AG signs cooperation MOU with JAC

WOLFSBURG/BEIJING – Volkswagen AG and Anhui Jianghuai Automobile Co., Ltd. (JAC) signed a Memorandum of Understanding (MOU) in Wolfsburg on September 6 to define the next phase of negotiations between the two companies in order to achieve long-term cooperation in the joint development of new energy vehicles in China. According

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Kailong Dongfang embarks on construction of NEV plant in Wuxi

WUXI, Jiangsu – Kailong Dongfang, a newly established vehicle arm of Yogomo Group, started construction of its new energy vehicle project in Wuxi, Jiangsu Province, according to a report on d1ev.com on August 28. The manufacturing base will cover an area of 520,000 square meters with total investment of ¥3

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Energy saving and emissions reduction cannot just rely on EVs

TIANJIN – China’s auto industry must consider different technology routes that are just as effective toward energy saving and emissions reduction rather than just pinning hope on EVs, says Charles Jin, vice president and general manager of Honeywell Transportation Systems China Jin made the comments at a media dinner attended

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Renrenche completes D-round $150 million financing

BEIJING – Renrenche, one of the online used car dealers, announced on September 5 that it has completed D-round $150 million in financing. The new investors include Hanfor Capital, China Minsheng Investment Group (CMIG), Xinjun Capital and Prometheus Capital. Moreover, strategic investors Tencent, Shunwei Capital, Ceyuan Ventures and Redpoint Ventures

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Mercedes-Benz January-August China sales top 300K, launches Mercedes me sub-brand

CHENGDU, Sichuan – Mercedes-Benz delivered 303,619 vehicles (including smart) in China in the first eight months of this year, up 32 percent year-on-year, according to Nicholas Speeks, president and CEO of Beijing Mercedes-Benz Sales Service Co., Ltd. (BMBS), at the brand’s press conference at the Chengdu Motor Show 2016 on

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NEV market to be driven by policies pre-2020, market post-2020

TIANJIN – China’s new energy vehicle market will be driven by policies before 2020 but the market thereafter, a consensus that was reached at a panel discussion held on the afternoon of September 3 at the 2016 International Forum (TEDA) on Chinese Automotive Industry Development. All panelists agreed that the

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Market heats up with blockbuster models as September rolls around

It’s only early September but the market has already witnessed the launch of several blockbuster models in the run up to the so-called “Golden September Silver October” season when sales significantly pick up pace from the weak summer months. Within the last 10 days of August, three models made their

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