Home > 2019 > July

WNEVC: Consensus on 2035 global NEV share target of 50 percent reached, but executives call for policy stability

BO’AO, Hainan – The global auto industry spotlight was in Bo’ao, China’s island province of Hainan in early July at the first annual World New Energy Vehicle Congress (WNEVC) hosted by China Association for Science & Technology (CAST) and the Hainan Provincial People’s Government. The three-day event held on July 1-3

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Toyota is all in on China

Research, autonomous driving, batteries, EVs, and now mobility. With the announcement on July 25 that it will invest $600 million in DiDi Chuxing, China’s mobility service market leader, and in a joint venture the two companies will form with GAC-Toyota for vehicle-related services for ride-hailing drivers (see Toyota to invest $600 million in Didi

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Renault first foreign automaker to control a Chinese vehicle JV after ¥1 billion investment in JMEV

BOULOGNE-BILLANCOURT, France – Groupe Renault has become the first traditional foreign automaker to take majority control of a Chinese vehicle joint venture after the French automaker announced a ¥1 billion investment into JMEV, previously an electric vehicle subsidiary of now partner Jiangling Motors Corp. Group (JMCG). With the investment, Renault has

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Borgward’s odd marriage with UCAR and their plan to redefine automotive retail in China

Exclusive interview with Bruno Lambert, Global President, Borgward “UCAR and Borgward are creating a new integrated “animal” to transform automotive retail from a traditional one-time static transaction model to a dynamic lifetime usage model where car ownership and shared mobility can be complementary.” BEIJING – CAR Inc., China’s leading car rental platform, recently began offering one-day

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