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Why Suzuki is pulling out of China

The doors of China’s automobile manufacturing sector are wide open. But the path through it will be a two-way street. With its announcement on June 15 that it has transferred all 46 percent of its equity in Changhe-Suzuki Automobile Co., Ltd. to Chinese partner Changhe Automobile, Suzuki Group has likely begun a

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Tencent and Chang’an set up JV to develop ICV open platform

CHONGQING – Tencent and Chang’an signed a cooperation agreement on April 12 to set up a joint venture to deepen cooperation in IOV overall solution, big data, cloud computing and other fields to promote the rapid development of intelligent connected vehicles. It’s expected to release more detailed information about this

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Chinese battery giant CATL’s $2 billion IPO approved

BEIJING – The China Securities Regulatory Commission (CSRC) has approved the $1.97 billion IPO application of Chinese lithium battery producer Contemporary Amperex Technology Co., Ltd. (CATL), according to a Xinhua news agency report on April 5. The Chinese securities regulator greenlighted the application at a meeting on April 4, according

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Top 10 News Stories of 2017

The year 2017 came and went by in the blink of an eye. News and events, often of blockbuster proportions, happened not by the weeks or days, but by the hours or even minutes. As a review of the year, the editorial board of CBU/CAR has selected the following Top

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Happy New Year!

Happy New Year! While the full year numbers are not yet out for the heavy-duty truck and bus markets as of the date of publication of this issue, we can be certain that 2017 was yet another banner year for both segments. This issue features highlights from a few business conferences from

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Auto Guangzhou 2017 recap: SUVs continue to sizzle

Auto Guangzhou 2017, or the 15th China (Guangzhou) International Automobile Exhibition, was held on November 17-26.  The show featured 220,000 square meters of display space and 1,081 vehicles including 47 global debuts, 25 concept vehicles and 132 new energy vehicles. More than 670,000 people visited the show. Following are

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Mission Shangri-La: Chang’an to invest £¤100 billion in NEVs and ditch traditional fuel vehicles by 2025

BEIJING – Another Chinese automaker is bidding adieu to traditional fossil fuel cars. Chang’an Automobile Co., Ltd. plans to invest ¥100 billion to develop new energy vehicles and stop selling traditional fossil fuel vehicles powered by only internal combustion engines by 2025. The announcement was made at a press conference

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Chang’an and Alibaba reach strategic cooperation on smart telematics

HANGZHOU, Zhejiang – Chang’an Automobile Co., Ltd. and Alibaba signed a strategic cooperation agreement in Hangzhou on October 13 on the sidelines of Alibaba’s 2017 Computing Conference to jointly promote scientific and technological innovation and strategic development in vehicle telematics. Through the cooperation, Chang’an is expected to benefit from the

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