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China drafting policies to improve management on auto investment project

BEIJING – China is drafting Guidelines for Improving Management on Automobile Investment Projects, according to a report by Economic Information Daily citing an official of the National Development and Reform Commission (NDRC). The content of the guidelines includes to prohibit approval of new investment projects for traditional automobile manufacturing, strictly

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Johnson Controls’ Changxing plant AGM output capacity surpasses 3,000,000 units

SHANGHAI – Applying the brand new AGM battery production line, output of Johnson Controls’ Changxing plant, its vehicle battery manufacturing base in Changxing county of Zhejiang Province, has surpassed 3 million units, more than doubled the prior year capacity, according to a company news release on October 31. Total output

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Lear signs investment agreement for new leather plant in Yangzhou

YANZHOU, Jiangsu – Lear signed an investment agreement with the Administrative Commission of Yangzhou Economic & Technological Development Zone to construct a state-of-the art premium leather processing plant in Yangzhou, Jiangsu Province, according to company press release on August 24. “With 81 locations across Asia including 47 in China, Lear’s

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LiPF6 industry may be trapped in overcapacity in 2017

GUANGZHOU – The LiPF6 industry has the tendency to be trapped in overcapacity in 2017, according to a Guangzhou-based market intelligence provider CCM’s recent analysis. The thriving NEV market has heated up relevant industries. As raw material of electrolyte, LiPF6’s price skyrocketed from H2 2015, now it has reached over

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GKN Driveline eyes big expansion in China’s automotive market

SHANGHAI – GKN Driveline, a British engineering company dedicated to the automobile and aerospace industries, announced recently that it will keep on expanding production and introducing the latest automotive drivelling technology in China. In its most recent press release, the company said it expects vehicle production in China to reach

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