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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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WABCO and FAW Jiefang form vehicle control systems JV to produce single-piston ADB from 2019

HANNOVER – WABCO Holdings Inc., the leading global supplier of commercial vehicle braking control systems, signed an agreement here on September 21 with FAW Jiefang, China’s largest heavy-duty truck maker, to establish a joint venture for vehicle control systems in China. The JV is expected to begin production of WABCO’s advanced

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Ford Smart Mobility and Zotye to offer Chinese ride-hailing operators leasing and fleet solutions under new JV

[ Featured Image ] Jim Farley, executive vice president and president of global markets, Ford Motor Company (right), and Ying Jianren, chairman of Tech-New Group Ltd., the parent company of Zotye Auto (left), witnessed the signing of a JV contract to establish Zotye Ford Smart Mobility Technology Co., Ltd. Peter

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Volkswagen Group CV arm TRATON and CNHTC to form JV, localize MAN truck production in China

Joachim Drees, Cai Dong and Andreas Renschler HANNOVER – TRATON AG, the recently formed wholly-owned commercial vehicle subsidiary of Volkswagen Group combining the MAN, Scania, Volkswagen Caminhões e Ônibus and RIO brands, signed a strategic cooperation deal with China Heavy-Duty Truck Corp. (CNHTC) here on September 18 to establish a joint

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