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Battery electric logistics vehicle growth weakens in May; market share of 3.5-4.5-ton vehicles rise

In the first five months of 2018, the Chinese market for electric logistics vehicles is marked by two characteristics. Firstly, despite the rapid growths in the overall market, the growth in the electric logistics vehicle segment is beginning to slow. Secondly, the 3.5-ton and 4.5-ton segments continue to dominate, taking

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Nonsense or no nonsense, new round of consolidation not surprising as industry opens wider

“Nonsense!” That was exactly the same response from both Xu Heyi, chairman of Beijing Automotive Industry Group Corp. (BAIC Group) and Yin Tongyue, chairman of Chery Automobile Co., Ltd. over rumors that huge acquisition deals are coming regarding their companies. Xu’s response to the media came on May 15 over reports that

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ZF CEO Scheider: China a strong growth market and ZF plans to strengthen all tech components

FRIEDRICHSHAFEN, Germany – China is a strong growth market for ZF and the German tier-1 supplier wants to strengthen its position with all of its technology components, according to Wolf-Henning Scheider. As CEO of ZF since February 1, Scheider made the comments at ZF’s annual press conference here on March 22

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Sales of top 10 new energy logistics vehicle manufacturers exceed 93,000 units in 2017: a regional analysis

China’s top 10 new energy logistics vehicle manufacturers sold more than 93,000 units, accounting for over 60 percent of the total market. The top 10 manufacturers were Dongfeng, Shaanxi Tongjia, Hubei Xinchufeng, Chongqing Ruichi, Nanjing King Long, Zhongtong Bus, Chengdu Dayun, Chery, Victory Auto and Geely Commercial Vehicle. With falling subsidies in

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The autonomous driving “China speed”

In earlier January, I traveled with ZF to CES 2018 in Las Vegas and 2018 North American International Auto Show (NAIAS) in Detroit. As different as they were – one showcased advanced technologies or technology concepts and the other showcased, well, simply new concepts and cars – the two events gave me

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Chery becomes first automaker to use ZF’s ProAI supercomputer for L3 autonomous driving

[ UPDATE ] ZF appointed Wolf-Henning Scheider as new CEO effective February 1, 2018, succeeding Dr. Konstantin Sauer, who returns to his full time position as CFO after holding the CEO position on an interim basis. DETROIT – Chery Automobile Co., Ltd. has become the first automaker to use ZF’s ProAI

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Yao Zhenhua’s dream: Baoneng Group looks to expand into the auto industry with Qoros stake

SHENZHEN – Yao Zhenhua, as chairman of Baoneng Group, aims to set up a whole industry chain through Baoneng Group being one of the three shareholders of Qoros Automobile Co., Ltd., which can provide a strong support for Yao’s business. Under the background of China’s strict financial risk control, the

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Baoneng Group confirmed as new strategic investor of Qoros

SINGAPORE – China’s Baoneng Group, a modern conglomerate with businesses covering property development, science & technology parks, modern logistics, comprehensive finance and medical health, has been confirmed as the new strategic investor for Qoros Automobile Co., Ltd. Kenon Holdings Ltd., whose wholly-owned subsidiary Quantum 2007 LLC owns 50 percent of

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