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Faurecia acquires majority stake in Jiangxi Coagent Electronics

FENGCHENG, Jiangxi – French supplier Faurecia announced on July 19 that it had taken a majority share in Jiangxi Coagent Electronics for a total investment of ¥1.45 billion. Jiangxi Coagent Electronics is a private Chinese company specialized in infotainment and interior electronic solutions, including the integration of digital displays and

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BMW cooperates with Autonavi to develop next generation telematics

BEIJING – BMW has reached a cooperation agreement with Autonavi to develop the next generation of telematics, according to recent media reports. The in-car infotainment system to be jointly developed by the two parties will be first applied to imported BMW 7 Series, 5 Series and X5 models which will hit

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Hyundai partners with Baidu to venture into China’s connected car market

SEOUL, Jan. 28 (Korea Bizwire) — Hyundai Motor Company is teaming up with Baidu, China’s largest Internet portal, to venture into one of the most promising fields in the global automotive market: the connected car business. The Seoul-based car manufacturer announced on January 27 that China’s top search engine would

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STMicroelectronics and Great Wall Motor establish joint laboratory

BEIJING - STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications and a leading supplier of automotive electronics, together with Great Wall Motor Co., Ltd. (GWM), China’s leading SUV and pickup manufacturer and privately owned enterprise, on July 2 announced a strategic partnership and the establishment

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