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SAIC Capital’s partnership with Plug and Play to speed up efforts to find new industry disruptors

SUNNYVALE, California – SAIC Capital, the venture arm of SAIC Motor, China’s largest automaker by sales, announced on December 7 a strategic partnership with Plug and Play, a global startup ecosystem and venture fund specializing in the development of early-to-growth stage technology startups in 13 verticals. SAIC Capital will be

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Leapmotor gets Pre-A round financing from Sequoia Capital China

WUZHEN, Zhejiang – Smart EV startup Zhejiang Leapmotor Co., Ltd. announced on December 4 that it has received a Pre-A round financing from Sequoia Capital China as the two sides signed an investment framework agreement in Wuzhen, Zhejiang Province on the sidelines of the World Internet Conference which opened on

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Axalta’s Asia-Pacific Technology Center in China inaugurated

SHANGHAI – Axalta Coating Systems formally opened its new Asia-Pacific Technology Center (APTC) in the Minhang District of Shanghai on June 15. The APTC is Axalta’s newest investment in innovation, which has a total of 15,500 square meters of space. With an employee base of 300 at present and capacity

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Innovated in China, applied globally? Adient says yes

SHANGHAI – Can multinational suppliers innovate technologies in China and apply them globally? The answer from Adient is a definite yes. “In the future, some of the things that we develop for China actually will then be globalized in other markets because of the unique solutions that we will find

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50:50 JV equity rule relaxation highlights new industry development roadmap

BEIJING – The Ministry of Industry and Information Technology (MIIT), the National Development and Reform Commission (NDRC) and the Ministry of Science and Technology (MOST) jointly released China’s Auto Industry Mid- to Long-Term Development Plan on April 25. The industry had been looking forward to this document for some time

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Secrets behind Dayu’s success

Dayun Auto achieved an eye-catching profit of ¥700 million ($102 million) in 2016, but through an arduous journey. Back in 2010, the first year on the market for Dayun’s heavy-duty trucks, the market was booming but there was shortage of spare parts. Even worse in 2012, the market shrank 40

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China EV 100 signs cooperation agreement with auto.qq.com

BEIJING – China EV 100, an innovative enterprise incubation platform, signed a strategic cooperation agreement with auto.qq.com (Tencent Auto) on October 23 to jointly develop NEV industry innovation platform. On the same day, the open platform of auto.qq.com was also launched. The two parties will collaborate on areas including portal

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China’s 13th Five-Year Plan and the Auto Industry

The 13th Five-Year Plan for the Economic and Social Development of the People’s Republic of China (13th Five-Year Plan) was released by the Chinese government on March 17. The 20-section, 80-chapter and more than 60,000-character document outlines the country’s policy framework, priorities and economic and social development goals for 2016-2020,

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Chinese brick-and-mortar will dominate Internet in the next five years

“At least in the next five years, the growth of brick-and-mortar industries will eclipse that of online industries,” Jingdong Group CEO Richard Liu was quoted as saying by local media reports of the recent annual meeting of China Entrepreneur Summit in Beijing. “If we insist on discussing the height

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