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Furuida benchmarking Hongguang: Xu Heyi’s hope for Changhe

“Our direct competitor is Wuling.” On August 26, Changhe Automobile officially launched its first microvan Furuida M50S with a suffix marked “Beiqi,” short for Beijing Automotive Industry (Group) Corp. (BAIC) in Chinese. A Beiqi insider confirmed that Changhe is executing its plan to benchmark Wuling. “We have been rebuilding Changhe

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Multinationals demand more shares in JVs

Suzuki Motor will increase its equity share in its joint venture with Chang’an Auto Group to 50 from 49 percent, or the policy upper limit, according to local media reports. The new Chang’an-Suzuki Automobile Co., Ltd. will incorporate Changhe-Suzuki, now under Chang’an Auto Group, either as a subsidiary or the

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