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Knorr-Bremse and FAW Jiefang to collaborate on braking systems and AMT products

CHANGCHUN, Jilin – Knorr-Bremse, a leading commercial vehicle systems supplier, signed a strategic cooperation framework agreement on February 7 with FAW Jiefang Automotive Co., China’s leading medium and heavy-duty truck manufacturer, marking the beginning of a new stage of closer cooperation in multiple areas. The two partners are planning a

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Knorr-Bremse and Dongfeng expand collaboration into compressor business

WUHAN – Knorr-Bremse, the world’s leading manufacturer of air braking systems and system supplier for commercial vehicles, said in a statement on January 15 that its joint venture with Dongfeng Motor Corp. has expanded into the compressor business. Effective January 1, Dongfeng Auto Parts has contributed its activities in the

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Blame or mocking ca’t solve the problem of “rubbish” EVs

A recent article titled “Why I believe all EVs are rubbish” went viral online and in WeChat’s friend circle. The author, once a fan of EV toys during his childhood times, admits he now hates EVs to death. He says his expectations are lowered drastically when choosing an EV because

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Continental celebrates 15th anniversary of CASS plant

SHANGHAI – Continental celebrated the 15th anniversary of Continental Automotive Systems Shanghai (CASS) plant located in Shanghai Jiading district, according to a company press release on August 18. Established in 2001, CASS plant manufactures products for Continental’s three automotive divisions: Chassis & Safety, Powertrain, and Interior. The total space of

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Volkswagen Financial Services completes its third Chinese Auto ABS

BRAUNSCHWEIG – Volkswagen Financial Services completed its third Chinese Auto ABS (Asset-Backed Security) transaction with a volume of around ¥3 billion ($484 million), according to a company news release on January 12. Named as Driver China three, this securitization transaction is backed by vehicle financing contracts from Volkswagen Finance China

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VW Financial Services completes first PBOC-registered ABS in China

BEIJING – Volkswagen Financial Services AG completed its second auto loan ABS transaction with a volume of around ¥1.9 billion (€283 million) to further tap into China’s auto financing market, according to a company news release. It is the first auto loan ABS issued by Volkswagen Finance China, a wholly-owned

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Truck makers appeal for mandatory installation of ABS

BEIJING – China Truck Manufacturers Committee (C8) held its second summit this year on May 26. Eight members of the Committee, including FAW Jiefang Automobile Co., Ltd., Dongfeng Commercial Vehicle Co., Ltd., China National Heavy-Duty Truck Group Corp., Shaanxi Heavy-Duty Truck Co., Ltd., Jianghuai Automobile Co., Ltd., Beiqi-Foton Motor Co.,

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BMW places £¤800 million of asset-backed securities in China

BMW has placed its first auto loan asset-backed securities (ABS) worth ¥800 million ($129 million) in China, the world’s largest car market, reported the Reuters. The auto loan ABS was placed through BMW’s Chinese financial services subsidiary BMW Automotive Finance (China). “Given rising sales volumes in China, the transaction is

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