BAIC Zhenjiang produciton base
NANJING, Jiangsu – Magna is bringing its decades of vehicle contract manufacturing experience from Graz, Austria to Zhenjiang, Jiangsu Province.
The leading global supplier and brand-independent vehicle contract manufacturer signed the term sheets on June 18 in Nanjing, Jiangsu Province with Beijing Electric Vehicle Co., Ltd. (BJEV), a Read More
Bye bye Automotive Industry Development Policy (AIDP).
Hello Administrative Regulations on Automotive Industry Investment (ARAII)!
The AIDP that has been the overarching document governing development principles of China’s auto industry over the last 14 years will soon be replaced by ARAII (see New regulations on auto investment to tighten industry supervision, replace Read More
BEIJING – Aston Martin, the British luxury car maker, is planning a five-year trade and investment drive in China worth over £600 million as part of its expansion in the world’s largest automotive market and will officially launch its first SUV and electric vehicle in 2019. This five-year plan was Read More
WUXI, Jiangsu – Infineon Technologies, a leading semiconductor solutions provider, and SAIC Motor, China’s largest automaker, officially opened their joint venture – SAIC Infineon Automotive Power Modules (Shanghai) Co., Ltd. (SIAPM) – here on March 2.
The 51:49 JV between SAIC Motor and Infineon will produce power modules for China’s electric Read More
BEIJING – BMW Group and Great Wall Motor Co., Ltd. signed a letter of intent on February 23 in Beijing to form a joint venture in China to exclusively produce MINI electric vehicles, the companies said in separate statements.
The next steps, according to BMW Group, will be to agree on Read More
OREM, Utah – Geely New Energy Vehicle Co., Ltd., a subsidiary of Geely Commercial Vehicle Group under Geely Holding Group, has completed an exclusive agreement with VIA Motors International Inc., a U.S.-based leading manufacturer of electric and hybrid drive systems offering a range of extended range (EREV) and EV commercial Read More
BEIJING – Opening up, co-creation and sharing will be keys for the entire industrial chain of China’s auto industry to withstand future risks and accelerate it forward, and only if the entire industrial chain resources are seamless, can maximum synergies be obtained with minimal marginal cost, according to Zheng Gang, Read More
Volkswagen Group’s signing of an MOU with JAC on November 27 to explore the possibility of setting up a joint venture for the development and sales of multi-functional vehicles (including but not limited to pickups, MPVs and electric commercial vehicles) less than half a year after the two had officially established Read More
BEIJING – Ford Motor Co. and Zotye Automobile Co., Ltd. signed a definitive agreement on November 8 here to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that aims to offer a range of stylish and affordable all-electric vehicles in China under a new Chinese brand. The Read More
SHENZHEN – French supplier Faurecia and leading Chinese electric vehicle manufacturer BYD signed an agreement here on October 31 to establish a new joint venture to develop and manufacture advanced seating solutions. The new JV, called Shenzhen Faurecia Automotive Parts Co., Ltd., will be 70 percent owned by Faurecia and Read More