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Smart EVs, new JVs, Chinese and luxury brands, heavy-duty trucks highlight 2017 market

It looks like 30 million units and 5 percent growth are going down the drains. Based on the latest data released by China Association of Automobile Manufacturers (CAAM) on December 11, China’s auto sales over the first 11 months of 2017 reached 25.85 million units, up 3.6 percent year-on-year. Despite

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LeEco crisis prompts its peers to rethink cross-border car building

CHJ Automotive, WM Motor, Singulato, AIWAYS and Hongxing Auto are considering forming an alliance to pool resources, developing joint technology and a common EV platform to bring more quickly models to the market, according to a Reuters report in late July (Freeman Shen, founder and CEO of WM Motor, has

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IHS Markit: China light vehicle sales to hit 30 million units in 2020

SHANGHAI – Industry consultancy IHS Markit said in an analysis and commentary on April 5 prior to the Shanghai Motor Show 2017 that China’s light vehicle production and sales are expected to each hit 30 million units in 2020, as rising demand lures new and existing players to fight for

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New normal: traditional car guys joining startup carmakers looking for change

Aside from slowing growth down to the single digits, which many coin as the “new normal” of China’s auto industry, another “new normal” is also taking shape in the HR talent front as companies race to build smart EVs: senior executives jumping ship from traditional carmakers and joining new startups.

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It’s not a “winner takes all” game

For many of the new “internet carmaking” startups that have recently emerged onto the scene and plan to “disrupt” the industry, Geely Holding Group Chairman Li Shufu and bitauto.com and NextEV founder William Li have some words of advice: be patient, be humble and respect the rules of the traditional

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Chinese brick-and-mortar will dominate Internet in the next five years

“At least in the next five years, the growth of brick-and-mortar industries will eclipse that of online industries,” Jingdong Group CEO Richard Liu was quoted as saying by local media reports of the recent annual meeting of China Entrepreneur Summit in Beijing. “If we insist on discussing the height

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