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DiDi launches open car-sharing platform with 12 automakers

BEIJING – Didi Chuxing on February 7 launched its car-sharing platform, partnering with automakers, new energy transportation infrastructure operators and aftersales service providers, to build an open new energy car-sharing system for the future. The network of strategic partners includes 12 automakers including BAIC BJEV, BYD, Chang’an Automobile Group, Chery

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China auto loan over £¤600 billion in 2014

China’s auto financing loan balance reached over ¥600 billion ($96.77 billion) by the end of 2014, according to the China Auto Finance Consumer Behavior Report 2014-2015 recently published jointly by Volkswagen Finance China Co., Ltd. (VWFC) and market research firm Ipsos. The report is based on real auto finance consumers in China. Over 3,500 samples from 19

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Commercial vehicle industry to benefit from deregulation of loan rate

  The People’s Bank of China (PBC) deregulated loan rate of financial institutions as of July 20, 2013 to further marketize the country’s loan system. Financial institutions are no longer required to meet the 0.7 minimum interest rates for commercial loans. According to an executive of the PBC, this reform

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