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Daimler gets NDRC approval for minority stake in BJEV

BEIJING – Daimler AG has received approval from the National Development and Reform Commission (NDRC) for its planned minority interest in Beijing Electric Vehicle Co., Ltd. (BJEV), the EV subsidiary under Chinese partner BAIC Group, according to a notice posted on the website of NDRC on February 7. The official response

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Haval, Geely and BYD top Chinese brands in Brand Finance’s 2018 Auto 100 rankings

LONDON – Haval, Geely and BYD took home the top three spots in the list of Chinese automobile brands as part of the Auto 100 2018, the annual report on the world’s most valuable automobile brands published by Brand Finance earlier this month. A total of 22 Chinese brands made

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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.,

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China’s premium car market in 2017: Sales top 2.57 million units, some dealers earn more than £¤100 million

Who was the winner? It depends In December 2017, 12 premium car brands sold 247,375 vehicles in China, up 23.4 percent year-on-year and 4 percent more than the previous month. Total sales for 2017 were 2,574,689 units, up 18.4 percent. In 2018, the premium car market is expected to continue

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The China factor for Daimler: No. 1 in customer experience rather than sales

I was in Stuttgart on February 1 attending Daimler’s Annual Press Conference, and the importance of China was fully on display for the German automaker and its Mercedes-Benz luxury marque. And it was more evident this year than two years ago when I attended the same event. Nearly two dozen journalists from

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Eleven automakers announce recalls of 1.13 million vehicles in November

BEIJING – Eleven vehicle enterprises announced recalls of about 1.13 million cars and more than 200,000 tires in China in November, which included Mercedes-Benz, Dongfeng-Honda, FAW-Volkswagen, Hyundai and so on, according to a series of notices released by the Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) recently. The top

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Mercedes-Benz “Intelligent World Drive” hits the streets of Shanghai

SHANGHAI – A month and a half after it set off from the Frankfurt International Motor Show (IAA) in September, the Mercedes-Benz “Intelligent World Drive” is now navigating extreme heavy urban traffic in Shanghai to collect information and gather insights in real-life local traffic. The high density of cars, two-wheelers,

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