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Ningbo Huaxiang to acquire 93.63 percent share in Shanghai Global

BEIJING – Chinese automotive supplier Ningbo Huaxiang Electronic Co., Ltd. is acquiring 93.63 percent shares of molder and mold maker Shanghai Global Precision Mould & Plastics Co., Ltd. with ¥650 million ($100.3 million), according to a report from Plastics News China on March 22. Ningbo Huaxiang holds the goals to

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Infineum opens first manufacturing base in China

SHANGHAI – Infineum, a world leader in the formulation, manufacturing and marketing of petroleum additives for lubricants and fuels, announced on March 17 the official opening of its first wholly-owned manufacturing base in China, marking another milestone in Infineum’s development history in China. Named as Infineum (China) Additives Co., Ltd.

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Over 1 million Japanese brand vehicles to be recalled in China

BEIJING – Toyota Motor (China) Investment Co., Ltd., Tianjin-FAW-Toyota Motor Co., Ltd. (TFTM), Dongfeng-Honda Automobile Co., Ltd. and GAC-Honda Automobile Co., Ltd. issued recall notices involving 1,348,778 vehicles due to seat belt and airbag defects, according to information from the General Administration of Quality Supervision, Inspection and Quarantine on February

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Guangxi Yuchai to supply 1,237 engines for buses in Lhasa

SINGAPORE – China Yuchai International Limited announced on January 8 that Guangxi Yuchai Machinery Co., Ltd. had won a bid for the supply of 1,237 engines to power buses for the Lhasa Public Transportation Corp., according to a company news release. This order includes 648 buses from Zhengzhou Yutong Bus

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Tgood’s huge bet on vehicle charging facilities

As the first Chinese firm on the Growth Enterprises Market, Qingdao Tgood Electric Co., Ltd. (Tgood) has announced to invest ¥600 million ($92 million) in building charging facilities for electric vehicles, which seems to be a huge bet to many people. “I will dedicate myself to the electric vehicle industry

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Chery agrees to sell transmission business to Wanliyang

WUHU, Anhui – Chery Automobile Co., Ltd. has signed an agreement to sell its transmission business to Zhejiang Wanliyang Transmission Co., Ltd., according to media reports. Details of the transaction are still being finalized. When the deal is completed, Chery will become a major shareholder of the transmission maker. Chery

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China to commercialize autonomous driving in 15 years (II)

Tan Benhong: Chang’an is willing to share connected vehicle operation data Chang’an is willing to share its connected vehicle operation data at the company’s western vehicle testing ground as part of its efforts to contribute more to the government’s enactment of laws and regulations in the automotive industry, according to

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