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Stay calm and carry on: 50:50 JV equity rule relaxation coming at the right time

Tesla CEO Elon Musk must be on cloud nine right now. The comments from Chinese President Xi Jinping on April 10 at the Boao Forum for Asia 2018 Annual Conference that China would reduce limits on foreign investment in the auto industry (see Bye bye 50:50 JV equity rule? Chinese President

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FAW, Dongfeng and Chang’an form “National Team” with strategic cooperation

WUHAN – FAW Group, Dongfeng Motor Corp. and Chang’an Automobile signed a strategic cooperation framework agreement in Wuhan on December 1 to promote the development of China’s auto market and improve the overall strength of China’s automotive brands. The move brings together China’s No. 2 (Dongfeng), 3 (FAW) and 4

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China drafting policies to improve management on auto investment project

BEIJING – China is drafting Guidelines for Improving Management on Automobile Investment Projects, according to a report by Economic Information Daily citing an official of the National Development and Reform Commission (NDRC). The content of the guidelines includes to prohibit approval of new investment projects for traditional automobile manufacturing, strictly

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CES 2017: the race to redefine personal mobility continues

The first Consumer Electronics Show (CES) was about personal computers. Fast forward to CES 2017, the largest tech expo show on earth has turned into the Connected Electronics Show. It showed us what the next growth driver is: connected and autonomous cars. In 2017, CES once again heralded great change

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New record: China sells more than 28 million automobiles in 2016

BEIJING – China sold more than 28 million automobiles in 2016, up 13.65 percent from 2015, according to data released by China Association of Automobile Manufacturers (CAAM) on January 12. Passenger vehicle sales increased 14.9 percent to 24.38 million units, including 17.61 million units with engine displacement of 1.6L and

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Will AI free Beijing from traffic jams in the near future?

With a population of more than 30 million, Beijing citizens face traffic congestion on a regular basis despite the government’s great efforts to maintain a smooth traffic flow, such as car usage limitations, tolls, and public transport subsidies. China aims to race ahead of everyone in electrified and autonomous vehicles,

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A multi-billion RMB bet ¨C Chinese mobility service market

The giant global auto industry is experiencing unprecedented disruption as its 130-year-old business model is turned completely inside out. Such changes are happening faster in China than in the rest of the world, where the size and scale of the urban population and the sheer numbers of virtuous connected consumers

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China automobile sales up 26.14 percent in September

BEIJING – China’s automobile sales in September increased 26.14 percent from the previous year to 2.56 million units, according to data released by China Association of Automobile Manufacturers (CAAM) on October 12.   Passenger vehicle sales in the month totaled 2,268,300 units, up 28.94 percent. The top 10 automakers

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