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Auto investment regulations ushers in new era for entry approval and industry administration

The Administrative Regulations on Automotive Industry Investment (ARAII) is the most important policy for the auto industry this year and revolutionizes investment entry regulations by simplifying administrative procedures for new investment through record-based administration rather than approval-based administration, allowing diversified entities to invest in battery electric vehicle production. But it has also imposed tighter restrictions

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CAAM: zero growth for auto sales in 2019, NEV sales to hit 1.6 million units

CHANGSHA, Hunan – As the industry braces for its first negative growth in 28 years, China Association of Automobile Manufacturers (CAAM), which reports official monthly vehicle output and sales, has provided its outlook on the market in 2019: zero growth. The forecast was made at the Association’s 2019 China Automobile Market Development & Forecast Summit here on

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China automobile sales fall 13.86 percent in November 2018, YTD sales down 1.65 percent

BEIJING – China’s automobile market continued to slip with sales of over 2.54 million units in November, down 13.86 percent on a yearly basis, the fifth consecutive month sales have dropped, according to data released by China Association of Automobile Manufacturers (CAAM) on December 11. Passenger vehicle sales reached 2.17 million units, down 16.06 percent,

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WABCO and Baidu team up to develop Level 4 autonomous driving for commercial vehicles

HANNOVER – Leading global supplier of commercial vehicle braking control systems WABCO Holdings Inc. and Chinese tech giant Baidu signed a Memorandum of Understanding (MoU) here on September 19 on the sidelines of the ongoing IAA Commercial Vehicles to collaborate on developing a best-in-class, cost-effective and highly standardized suite of

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BAK cooperates with Cadenza Innovation to manufacture supercell products

BEIJING – Shenzhen BAK Power Battery Co., Ltd. (BAK) and U.S.-based Li-ion battery platform provider Cadenza Innovation signed a strategic cooperation agreement here on September 16 for the manufacture of Li-ion cells and modules based on Cadenza Innovation’s supercell architecture, which provides higher safety, lower cost and higher energy density. The

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