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Speed is key: HELLA working with Chinese Enterprises to be faster in China

BEIJING – Lighting and electronics expert HELLA is working with a number of Chinese startup companies combining HELLA’s know-how and their good ideas into products to meet fast changing demand in the Chinese market driven by electrification, connectivity and autonomous driving, according to Mr. Frank Petznick, Executive Vice President of

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2018 China Auto Forum: “Internet thinking” not a pedestal for the auto industry

BEIJING – Automakers should not put “Internet thinking” on a pedestal and overly depend on it, but rather focus to develop related technologies in a pragmatic manner so as to create a competitive advantage in automotive mobility technologies, according to Li Shufu, chairman of Geely Holding Group. Li made the

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Ford Smart Mobility and Zotye to form new JV to provide ride-hailing solutions

SHANGHAI – Ford Smart Mobility LLC and Zotye Auto signed a memorandum of understanding (MOU) on May 2 to establish a new 50:50 joint venture with a registered capital of $20 million to provide smart, customized all-electric vehicle solutions to fleet operators and drivers in China’s fast-growing ride-hailing market. In

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Audi and FAW sign MOUs to create new sales and mobility services companies in China

GENEVA – Audi’s planned two-partner strategy in China took another step forward on March 7 when it and partner FAW Group signed memoranda of understanding here on the sidelines of the Geneva Motor Show for the creation of two new companies for sales as well as mobility and digital services. The

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Geely’s Cao Cao ride-hailing platform raises £¤1 billion in Series A funding, now valued at over £¤10 billion

BEIJING – Cao Cao, a ride-hailing platform invested by Geely Holding Group, announced on January 17 that it has successfully undergone its Series A round of funding raising ¥1 billion, giving the two-year old innovative mobility solutions company an initial valuation of over ¥10 billion. With over 10 million registered

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IHS Markit: China autonomous vehicle sales to reach 14.5 million units in 2040, nearly half of 33 million expected globally

SOUTHFIELD, Michigan – Buoyed by mobility services and pending regulations on autonomous vehicle testing and deployment, China is expected to sell 14.5 million autonomous vehicles in 2040, accounting for nearly half of the more than 33 million autonomous vehicles expected to be sold globally that year, according to the latest

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SAIC Capital’s partnership with Plug and Play to speed up efforts to find new industry disruptors

SUNNYVALE, California – SAIC Capital, the venture arm of SAIC Motor, China’s largest automaker by sales, announced on December 7 a strategic partnership with Plug and Play, a global startup ecosystem and venture fund specializing in the development of early-to-growth stage technology startups in 13 verticals. SAIC Capital will be

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