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Piaggio Group and Foton sign final contract to jointly develop LCVs

PONTEDERA, Italy – Italy’s Piaggio Group and leading Chinese light commercial vehicle manufacturer Foton signed the final contract here on May 17 for the development and production of a new range of four-wheel light commercial vehicles. The signing comes about eight months after the two partners signed a preliminary agreement in

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Foton announces three-year action plan aiming to become a top three heavy-duty truck maker by 2020

BEIJING – Foton announced its three-year action plan here on May 19 with an aim to become a top three heavy-duty truck maker by 2020. The three-year action plan involves strategic direction, management principles and development measures for Foton’s major businesses.   Strategic direction Foton will continue to enhance its

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Ssangyong Motor signs agreement with Shaanxi Auto to establish JV in China

SEOUL – Ssangyong Motor Co., now a unit of Indian automaker Mahindra & Mahindra Ltd., signed an agreement with Shaanxi Automobile Group on October 11 to establish a joint venture in China, the Korean automaker said in a statement. The JV, if approved, will become its first overseas production base.

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ZX Auto releases pre-sale pricing for Terralord flagship pickup

BAODING, Hebei – Zhongxing Automobile Co., Ltd. (ZX Auto) announced on September 19 that its Terralord flagship pickup, what it claims as China’s first high-end pickup, will be priced from ¥120,000-¥170,000 ($18,462-$26,154). The model will officially hit the market in October and will be positioned at the top of the

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STMicroelectronics and Great Wall Motor establish joint laboratory

BEIJING - STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications and a leading supplier of automotive electronics, together with Great Wall Motor Co., Ltd. (GWM), China’s leading SUV and pickup manufacturer and privately owned enterprise, on July 2 announced a strategic partnership and the establishment

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