Home > JV

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

| | | | | | | Read More

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,

| | | | | | | | Read More

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.

| | | | | | | | Read More

Tencent and Chang’an set up JV to develop ICV open platform

CHONGQING – Tencent and Chang’an signed a cooperation agreement on April 12 to set up a joint venture to deepen cooperation in IOV overall solution, big data, cloud computing and other fields to promote the rapid development of intelligent connected vehicles. It’s expected to release more detailed information about this

| | | | | | Read More

Hella and BHAP form electronics JV to begin production of electronics control units in 2020

BEIJING – Hella and BHAP, BAIC Group’s parts and components subsidiary, signed a contract for the founding of a joint venture named Hella BHAP Electronics (Jiangsu) Co., Ltd. on April 26 on the sidelines of the Beijing Auto Show. The official founding of the JV is planned for the second half

| | | | Read More

Dongfeng and Groupe PSA establish leasing JV

WUHAN – Dongfeng Motor Group Co., Ltd. (DFG), Banque PSA Finance (BPF, the captive financing and mobility services provider of Groupe PSA) and Dongfeng-Peugeot-Citroën Automobiles (DPCA) signed a tripartite agreement here on March 23 to create a financial leasing joint venture to offer long-term leasing solutions with or without purchase

| | | | | | Read More

Jump in! The auto industry is “open” for business

China’s auto industry is expected to open wider to foreign investment with lesser restrictions after a series of comments made by the country’s top officials including Chinese Premier Li Keqiang at the ongoing annual “Two Sessions.” Li, in his government work report delivered on March 5 at the opening meeting of

| | | | | | | | | | Read More

Geely’s “Mercedes” dream and Great Wall’s “MINI” love

The Chinese Lunar New Year of the Dog started out with a bang for the Chinese auto industry. And that is a gross understatement considering that two blockbuster news events happened on the same day on February 23, the eighth day into the New Year and second day back to work

| | | | | | | | | | Read More

BAIC and Daimler to invest £¤11.9 billion to expand capacity at BBAC for EQ production

BEIJING – BAIC Motor Co., Ltd., the Hong Kong-listed subsidiary of BAIC Group, said in a statement on February 23 that it and partner Daimler AG plan to co-invest more than ¥11.9 billion (about €1.5 billion) to build a new production base at their joint venture, Beijing Benz Automotive Co.,

| | | | | | | Read More