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Didi Chuxing forms strategic partnership with BAIC Group to advance EV operations

BEIJING – Didi Chuxing (DiDi), the world’s leading mobile transportation platform, signed a strategic cooperation agreement with BAIC Group on March 7 to enhance the operation of new energy car-sharing programs. With the support of the Beijing Municipal CCP Committee and the municipal government, BAIC Group and DiDi will expand in-depth

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Daimler gets NDRC approval for minority stake in BJEV

BEIJING – Daimler AG has received approval from the National Development and Reform Commission (NDRC) for its planned minority interest in Beijing Electric Vehicle Co., Ltd. (BJEV), the EV subsidiary under Chinese partner BAIC Group, according to a notice posted on the website of NDRC on February 7. The official response

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BAIC and Daimler to invest £¤11.9 billion to expand capacity at BBAC for EQ production

BEIJING – BAIC Motor Co., Ltd., the Hong Kong-listed subsidiary of BAIC Group, said in a statement on February 23 that it and partner Daimler AG plan to co-invest more than ¥11.9 billion (about €1.5 billion) to build a new production base at their joint venture, Beijing Benz Automotive Co.,

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Gong Yueqiong appointed board director and president of Foton Motor

BEIJING – Beiqi-Foton Motor Co., Ltd. (Foton Motor) announced in a statement on November 3 that Gong Yueqiong, former deputy Party secretary, vice president, CFO and CEO of Commercial Vehicle Group at Foton Motor, has been appointed the new board director and president of the company. Gong succeeds Wang Jinyu,

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Foreign heavyweights waiting to pounce on the Chinese NEV market

Foreign carmakers have not really participated in China’s new energy vehicle game as far as locally produced vehicles are concerned. But that’s about to change as a slew of announcements by major foreign automakers in recent weeks is setting up a showdown between them and their Chinese counterparts, who

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The old and new must integrate for China to become an automotive powerhouse

BEIJING – When the new meets the old, fireworks fly. That’s what happened at one of the sessions held at the 9th China Automobile Bluebook Forum organized by Automotive Business Review (ABR) on May 5-6 in Beijing. At a panel discussion pitting William Li, founder and chairman of Nio (NextEV),

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BAIC BJEV releases North America Technical Innovation Strategy

DETROIT – BAIC BJEV, the electric vehicle arm under BAIC Group and one of China’s leading EV manufacturers, announced at a recent event organized by the company that its North America technical innovation strategy will be centered on two overseas R&D centers in Silicon Valley and Detroit, which will respectively

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BAIC Motor acquires 35 percent stake in Fujian Benz

BEIJING – BAIC Motor Corp., Ltd., the Hong Kong-listed Chinese brand passenger vehicle subsidiary under BAIC Group, China’s 5th largest automaker by sales, has acquired a 35 percent stake in Fujian Benz Automotive Ltd. (FBAC) from Fujian Motor Industry Group Corp. A strategic cooperation framework agreement was signed in the

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