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Groupe PSA becomes first foreign carmaker to launch a smartphone app for car loans in China

WUHAN – Groupe PSA has become the first foreign carmaker to launch a smartphone app for car loans in China, the French automaker said in a statement on January 25. The Dongfeng PSA Finance app, available for download on Android and iOS, uses different technologies such as electronic signatures, optical character

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Audi launches Audi on demand+ premium mobility service in Beijing

BEIJING – Audi said in a statement on September 19 that it has launched its Audi on demand+ mobility premium mobility service that provides flexible use of vehicles and exceptional service for local residents in Beijing. Users select the car desired from a range of prestigious top models from a

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Radical thinking outside the car: a lot at stake for Geely’s LYNK & CO

The brand that plans to change an industry that has been “sleeping” for the past 130 years has finally arrived. It’s LYNK & CO, a new brand from Geely Holding Group with heavy European roots and a lot of help from Geely-owned Volvo Cars. It is basically a mid- to

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Renrenche completes D-round $150 million financing

BEIJING – Renrenche, one of the online used car dealers, announced on September 5 that it has completed D-round $150 million in financing. The new investors include Hanfor Capital, China Minsheng Investment Group (CMIG), Xinjun Capital and Prometheus Capital. Moreover, strategic investors Tencent, Shunwei Capital, Ceyuan Ventures and Redpoint Ventures

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Didi licensed in Shanghai

SHANGHAI, Oct. 8 (Xinhua) -- Chinese ride-hailing firm Didi has been licensed by the Shanghai Municipal Transport Commission for private-car booking services, in an apparent easing of tension between regulators and ride-on-demand operators. Though increasingly popular with users, online ride-booking services have long been warned by authorities in China that

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