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Top 10 industry news stories of 2016

The following Top 10 news stories are selected by the editorial board of CBU/CAR as the most important events of China’s automobile market in 2016. – Editor 1. Never say never: new records for auto and NEV sales China selling a record 28 million vehicles in 2016 would have been

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Chery to launch T17 SUV in ’17, eyes European and U.S. markets with “Lander Plan”

BEIJING – Chery Automobile Co., Ltd. plans to launch an all-new SUV model codenamed T17 this year and initiate what it calls a “Lander Plan” later in the year aimed at entering the European and U.S. markets, according to Jin Yibo, assistant to the president of the company. Jin announced

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China’s heavy-duty truck market in 2016: key highlights (I)

China’s heavy-duty truck market will be remembered as a year of surprising growth, with sales expected to rise more than 30 percent to over 700,000 units. What were some of the key highlights? Commercial vehicle portal cvchome.com takes a look. – Editor Changing JV landscape Sino-foreign truck joint ventures

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Audi’s “engagement” with SAIC a dangerous but necessary move

Get used to Audis produced and sold by SAIC-Volkswagen. SAIC Motor’s MOU signed with partner Volkswagen Group on November 11 to produce and sell Audis at their joint venture SAIC-Volkswagen, following several days of rumor mills, is the latest shocker in an industry already filled with blockbuster news this year.

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China closer to relaxing equity threshold on vehicle JVs

The State Council’s decision to allow foreign firms to establish wholly-owned motorcycle and related components manufacturing facilities inside the Shanghai Free Trade Zone (Shanghai FTZ) is a sign that China is closer to relaxing the 50:50 equity share threshold on vehicle assembly joint ventures. On September 28, China’s cabinet said

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Challenges and opportunities co-exist for high-end trailer JVs

Dongfeng Motor Group and German trailer maker Schmitz Cargobull signed a contract on November 16, establishing a 50:50 joint venture called Dongfeng Schmitz Special Vehicle Co., Ltd. to focus on the R&D, production and sales of semi-trailers. Just two months earlier, Weichai Holding Group, one of China’s largest diesel engine

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China approves CFMA to split into two JVs

CHONGQING – Ford Motor Co., Mazda Motor Corp. and Chang’an Automobile Corp. jointly announced on August 27 that they have received approval from the National Development and Reform Commission to split their three-way joint venture, Chang’an-Ford-Mazda Automobile Co., Ltd. (CFMA), into two separate JVs, Chang’an-Ford and Chang’an-Mazda. CFMA has two

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