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LYNK & CO will be the first high-end JV brand to go global

HANGZHOU, Zhejiang – In about a months, LYNK & CO’s first model, the 01 SUV, will hit the Chinese market. In one years, it plans to enter the European and U.S. markets. A year ago, the brand was launched by Geely Holding Group in Berlin, after much anticipation, as a high-end brand slotted between

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CAFC+NEV “dual credit” scheme finalized: NEV credit requirement delayed to 2019

BEIJING – China will put into effect the much-awaited new energy vehicle credit scheme in 2019, a year later than originally planned, according to the final version of the Parallel Administrative Measures for Passenger Vehicle Corporate Average Fuel Consumption (CAFC) and New Energy Vehicle (NEV) Credits jointly released by the

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CAFC+NEV “dual credit” scheme finalized, but further details missing

Now that the final version of Parallel Administrative Measures for Passenger Vehicle Corporate Average Fuel Consumption (CAFC) and New Energy Vehicle (NEV) Credits has been released, multinational and domestic carmakers can breathe a long sigh of relief. At least those that produce or import more than 30,000 combustion engine vehicles

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LYNK & CO will be the first high-end JV brand to go global

HANGZHOU, Zhejiang – In about two months, LYNK & CO’s first model, the 01 SUV, will hit the Chinese market. In two years, it plans to enter the European and U.S. markets. Less than a year ago, the brand was launched by Geely Holding Group in Berlin, after much anticipation,

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50:50 JV equity rule may be history by 2020

The Auto Industry Mid- to Long-Term Development Plan released on April 25 is the clearest indication yet that the relaxation of the 50:50 equity requirement for vehicle joint ventures in China is now just a matter of time. And that time may come sooner rather than later, judging from

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BMW, Daimler and Audi aiming to broaden business in China with HERE

BMW, Daimler und Audi have agreed to sell a 10 percent stake in HERE to NavInfo, Tencent and GIC, aiming to further broaden their business in China. The planned transaction would result in NavInfo, and Tencent, together with GIC (a leading global investment firm) take a 10 percent stake in

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It’s not a “winner takes all” game

For many of the new “internet carmaking” startups that have recently emerged onto the scene and plan to “disrupt” the industry, Geely Holding Group Chairman Li Shufu and bitauto.com and NextEV founder William Li have some words of advice: be patient, be humble and respect the rules of the traditional

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