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JAC-Volkswagen: a milestone, a match “tailor made” and a potential policy buster

The blockbuster news of the week is the signing of an MOU on September 6 between Volkswagen AG and Jianghuai Automobile Co., Ltd. (JAC) to jointly develop battery-powered electric vehicles in China and potentially establish a joint venture. The MOU comes less than a year after Premier Li Keqiang visited

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New measures give major boost to used car market, but issues remai

Less than three weeks after Chinese Premier Li Keqiang called for the invigoration of the country’s used car market in his government work report, the State Council General Office issued a guideline on March 25 with specific measures aimed at providing consumers more convenience in buying and selling a used

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The annual session and the auto industry

The government work report delivered by Premier Li Keqiang at this year’s annual session of the National People’s Congress (NPC) on March 5 again touched upon several issues related to the auto industry. Automotive executives who are delegates of the NPC or members of the Chinese People’s Political Consultative Conference

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China to further support NEV industry development

BEIJING – China mapped out plans to further support new energy vehicle (NEV) industry at a State Council executive meeting chaired by Premier Li Keqiang on February 24, deciding to boost green development through industry structure optimization. China should make core technological breakthroughs relying on mass entrepreneurship and innovation so

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China stocks jump again as emergency measures bite

By Samuel Shen and Engen Tham Shanghai (Reuters) - Chinese stocks rose strongly for a second day on Friday, buoyed by a barrage of government support measures, but worries persist about the long-term impact that four weeks of market turmoil may have on the world's second-largest economy. Over the past

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Four new trends for China’s heavy-duty truck market

The Two Sessions (National People’s Congress and the Chinese People’s Political Consultative Conference) held in March disclosed four new trends for China’s heavy-duty truck industry: change in vehicle applications, internet-based vehicle sales, self-innovation and green mobility. As China’s economy has entered into the “New Normal” with slower economic growth, the

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China Mobile and Deutsche Telekom to establish JV in the field of Connected Cars

BERLIN – China Mobile and Deutsche Telekom signed a cooperation agreement to establish a joint venture in the field of Connected Cars on October 10, during the visit of Chinese Prime Minister Li Keqiang in Berlin, according to a Deutsche Telecom news release. Under the agreement, the JV will be set

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Crossing the “red line” of equity share control?

Visiting Premier Li Keqiang’s comment on joint venture equity control in Germany no doubt triggers great interests among automotive circles at home and abroad. But none of the polarized parties in support or opposition of continued equity share control on foreign invested JVs should be too optimistic. FAW may feel

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