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Why Suzuki is pulling out of China

The doors of China’s automobile manufacturing sector are wide open. But the path through it will be a two-way street. With its announcement on June 15 that it has transferred all 46 percent of its equity in Changhe-Suzuki Automobile Co., Ltd. to Chinese partner Changhe Automobile, Suzuki Group has likely begun a

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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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FAST and Eaton form JV to produce manual transmissions for LCVs

XI’AN, Shaanxi – Leading Chinese commercial vehicle transmission manufacturer Shaanxi Fast Gear (SFGW) and international power management company Eaton signed an agreement here on May 10 to establish a joint venture to manufacture manual transmissions for light-duty commercial vehicles. The JV will be based in the High Tech Zone of Baoji,

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Weichai Power and Ceres Power ink strategic partnership to jointly develop SOFC fuel cell range extender for electric buses

WEIFANG, Shandong – Weichai Power and Ceres Power, developer of the SteelCell®, a world-leading, low cost Solid Oxide Fuel Cell (SOFC) technology, signed a strategic cooperation agreement here on May 16, where the two will jointly develop SOFC fuel cell range extender systems for China’s fast growing electric bus market.

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Fu Yuwu: 50:50 JV equity relaxation was long-time coming, industry faces three macro/micro-economic forces

BEIJING – Fu Yuwu knew two years ago that the 50:50 joint venture equity rule would become history. Now that it will be completely lifted by 2022, as was announced by the National Development and Reform Commission (NDRC) on April 17, a week after Chinese President Xi Jinping announced that

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Stay calm and carry on: 50:50 JV equity rule relaxation coming at the right time

Tesla CEO Elon Musk must be on cloud nine right now. The comments from Chinese President Xi Jinping on April 10 at the Boao Forum for Asia 2018 Annual Conference that China would reduce limits on foreign investment in the auto industry (see Bye bye 50:50 JV equity rule? Chinese President

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The Trump card: Equity relaxation is “Presidential” gift for the U.S. and rest of the world

Chinese and U.S. companies signed deals worth an eye-popping more than $253.5 billion during U.S. President Donald Trump’s “state visit-plus” to China in November. The figure, which set a record for China-U.S. trade relations, was revealed by the Ministry of Commerce on November 9 after Chinese President Xi Jinping and Trump

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Expected yet unexpected: JAC-Volkswagen tries to explore new JV model with MFV tie-up

Volkswagen Group’s signing of an MOU with JAC on November 27 to explore the possibility of setting up a joint venture for the development and sales of multi-functional vehicles (including but not limited to pickups, MPVs and electric commercial vehicles) less than half a year after the two had officially established

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