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China automobile sales up 9.6 percent in May 2018

BEIJING – China’s automobile sales in May reached 2.29 million units, up 9.6 percent from the same period of the previous year, according to data released by China Association of Automobile Manufacturers (CAAM) on June 11. Passenger vehicle sales reached 1.89 million units, up 7.9 percent, while commercial vehicle sales

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Dreams and anxieties: Over 90 percent of the new automotive manufacturing forces are unreliable

BEIJING – More than 90 percent of the Chinese smart EV startups, or the so-called new automotive manufacturing forces, are unreliable, and it is ridiculous to make money through software rather than selling vehicles, according to Li Xiang, founder and CEO of CHJ Automotive, one of those startups. Li made

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Ford Smart Mobility and Zotye to form new JV to provide ride-hailing solutions

SHANGHAI – Ford Smart Mobility LLC and Zotye Auto signed a memorandum of understanding (MOU) on May 2 to establish a new 50:50 joint venture with a registered capital of $20 million to provide smart, customized all-electric vehicle solutions to fleet operators and drivers in China’s fast-growing ride-hailing market. In

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Didi Chuxing forms strategic partnership with BAIC Group to advance EV operations

BEIJING – Didi Chuxing (DiDi), the world’s leading mobile transportation platform, signed a strategic cooperation agreement with BAIC Group on March 7 to enhance the operation of new energy car-sharing programs. With the support of the Beijing Municipal CCP Committee and the municipal government, BAIC Group and DiDi will expand in-depth

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BYD releases plans for sustainable development of batteries using less rare earth materials

TOKYO – BYD has announced plans to gradually increase the production of electric vehicle power and energy storage batteries and reduce the proportion of rare earth materials in the batteries, as a supply crunch caused by increased market demand for new energy vehicles and batteries poses challenges for the renewable

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Infineon Technologies and SAIC Motor establish JV to produce EV power modules

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

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