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Foton-Daimler signs strategic cooperation agreement with Changjiu Group

BEIJING – Beijing Foton Daimler Automotive Co., Ltd. (Foton-Daimler) signed a strategic cooperation agreement with Changjiu Industrial Group Co., Ltd. (Changjiu Group) in Foton Daimler’s super truck experience center here on November 30. According to the agreement, the two parties will collaborate on fields including vehicle sales, vehicle financing, vehicle

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WM Motor: “Weltmeister” of EV ecosystem?

WM Motor Technology Co., Ltd., one of the new Chinese electric vehicle startups, broke ground for its Smart Industrial Park inside the Oujiangkou District in Wenzhou, Zhejiang Province on November 23. With a Phase-I investment of ¥6.7 billion ($971 million), the industrial park featuring smart manufacturing, smart logistics, flexible parts

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Dealers triumph as Audi halts talks with SAIC on network and channels

BEIJING – Audi has decided to temporarily stop negotiations with SAIC Motor on dealer network and sales channels, according to an internal letter sent to China Automobile Dealers Association (CADA) Audi Dealer Association on November 30 by Audi China President Joachim Wedler. “When the existing dealers have a long-term and

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