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New regulations on auto investment to tighten industry supervision, replace 14-year-old AIDP

BEIJING – The National Development and Reform Commission (NDRC) has issued a draft of regulations that aims to tighten supervision and raise investment thresholds in the auto industry. The Administrative Regulations on Automotive Industry Investment (ARAII) (draft to solicit public opinion), a copy of which CBU/CAR has obtained, is expected to

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Electrification race heats up as new industry policy arrives

Bye bye Automotive Industry Development Policy (AIDP). Hello Administrative Regulations on Automotive Industry Investment (ARAII)! The AIDP that has been the overarching document governing development principles of China’s auto industry over the last 14 years will soon be replaced by ARAII (see New regulations on auto investment to tighten industry supervision, replace

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April heavy-duty truck sales hit record 121,000 units, rising inventory could be trouble

Another month, another record. With 121,000 heavy-duty trucks sold, up 16 percent year-on-year, April 2018 broke the old April sales record of 115,900 units achieved in April 2010, according to the latest manufacturer reported data obtained by cvworld.cn. It also represented the second consecutive month in which monthly sales record

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Valeo invests Cathay CarTech Fund to focus on Chinese auto and mobility ecosystem

SHANGHAI – Valeo announced on December 11 that it has invested ¥375 million in Cathay CarTech Fund – Cathay Capital’s first RMB fund, marking the French supplier’s deeper involvement in China’s dynamic automotive and mobility ecosystem. China is the world’s largest automotive market and is leading the new mobility sector,

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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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Behind the trillion RMB investment and 20 million capacity in NEVs

– by Liu Xiaolin, Gao Feichang, Jiang Jingyi, Wan Xuefei, Hu Wenwen, Li Yueting and Wang Xiaoyan Wuhan is unhappy that Chengdu had a higher GDP in 2016 and Dongfeng-Peugeot-Citroën Automobile Co., Ltd. chose to invest in another plant in the capital of Sichuan Province. It implies a crucial role

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Sunlong Bus to build NEV production base in Nanning

NANNING, Guangxi – Shanghai Sunlong Bus Co., Ltd. (Sunlong Bus) signed an investment agreement here on June 20 with Nanning municipal government for construction of a new energy vehicle production base in the city, according to a report in Nanning Evening News. Based on the agreement, Sunlong Bus will set

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Pressure mounting for carmakers as market cools and tougher policies arrive

China’s auto sales in May were flat over the same previous month and through the first five months, sales were only up 3.71 percent, according to data released by China Association of Automobile Manufacturers (CAAM) on June 12. Worth noting is passenger vehicle sales were down 2.64 percent in May

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