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Bosch reports record sales in China in ’16, expects market to grow 5 percent in ’17

SHANGHAI – Bosch expects China’s auto market to grow 5 percent this year and its own business to continue to outpace industry growth, according to Chen Yudong, president of Bosch (China) Investment Co., Ltd. Chen made the comments while speaking to CBU/CAR on the sidelines of the Bosch China Annual

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China auto aftermarket value to exceed £¤1 trillion in 2017, says Mintel report

BEIJING – China’s automotive aftermarket value is expected to reach ¥880 billion ($127.91 billion) by the end of 2016 and exceed ¥1 trillion in 2017, according to the 2016 China Automotive Aftermarket Report released recently by Mintel. Mintel also forecasts that it will grow to ¥1.654 trillion by 2021. According

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A multi-billion RMB bet ¨C Chinese mobility service market

The giant global auto industry is experiencing unprecedented disruption as its 130-year-old business model is turned completely inside out. Such changes are happening faster in China than in the rest of the world, where the size and scale of the urban population and the sheer numbers of virtuous connected consumers

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Alibaba and Yongda team up to offer O2O sales and service solutions

SHANGHAI – Alibaba Automobile, the automobile business unit of Alibaba Group Holdings Ltd., and Shanghai Yongda Automobile Group Co., Ltd., the indirect wholly-owned subsidiary of China Yongda Automobiles Services Holdings Ltd., signed a strategic cooperation agreement here on August 5 to offer online-to-offline (“O2O”) comprehensive sales and services solutions. Yongda,

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VW Financial Services completes first PBOC-registered ABS in China

BEIJING – Volkswagen Financial Services AG completed its second auto loan ABS transaction with a volume of around ¥1.9 billion (€283 million) to further tap into China’s auto financing market, according to a company news release. It is the first auto loan ABS issued by Volkswagen Finance China, a wholly-owned

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