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Autos

Faraday Future Clams Up About Rumored USD1.5 Billion Lifeline

Faraday Future Clams Up About Rumored USD1.5 Billion Lifeline

Financially-floundering Faraday Future (FF) has stayed silent when confronted with rumors it has secured emergency transfusion funding, Chinese state media The Paper reported today.

Feb 14, 2018
Xu Wei
China’s Luxury Car Market Is Tipped to Grow at Least 10% a Year on Lower-Cost Models

China’s Luxury Car Market Is Tipped to Grow at Least 10% a Year on Lower-Cost Models

Strong sales of luxury cars are forecast in China, the world’s biggest auto market, despite a lackluster sector overall.

Feb 13, 2018
Wu Ziyi
China’s Online Used Car Dealers Are Struggling to Make Money

China’s Online Used Car Dealers Are Struggling to Make Money

China’s e-commerce players engaged in the sales of second-hand cars are finding it difficult to make a profit due to…

Feb 13, 2018
Yang Haiyan
Chinese Daimler Supplier Buys Industrial Plot in Germany to Ramp Up Production

Chinese Daimler Supplier Buys Industrial Plot in Germany to Ramp Up Production

A unit under car parts maker Shenzhen Kaizhong Precision Technology unit has bought an industrial land plot in Germany for…

Feb 13, 2018
Tang Shihua
Chinese-Swedish Businessman Who Bought SAAD Unveils USD3 Billion Shanghai Project

Chinese-Swedish Businessman Who Bought SAAD Unveils USD3 Billion Shanghai Project

National Electric Vehicle Sweden AB (NEVS) -- the former famous Swedish carmaker Saab Automobile AB -- signed a cooperative agreement…

Feb 12, 2018
Dou Shicong
China’s Geely Holding Will Spend USD5 Billion, Build NEV, Transmission Plants

China’s Geely Holding Will Spend USD5 Billion, Build NEV, Transmission Plants

Leading Chinese car maker Zhejiang Geely Holding Group Co. will invest CNY33 billion (USD5.2 billion) to build new energy vehicle…

Feb 12, 2018
Tang Shihua
Expect More M&As in Auto Sector as Competition Heats Up, Industry Expert Says

Expect More M&As in Auto Sector as Competition Heats Up, Industry Expert Says

Mergers and acquisitions will be a good choice for Chinese carmakers this year as the nation’s world-leading auto market hosts…

Feb 12, 2018
Xu Wei
 Anhui Zhongding Bags Parts Supply Deals With eGT, Geely

Anhui Zhongding Bags Parts Supply Deals With eGT, Geely

Chinese rubber product maker Anhui Zhongding Sealing Parts Co. has penned a deal to supply suspension systems to eGT New…

Feb 9, 2018
Tang Shihua
Valeo Siemens, Fawer Auto Parts Team Up to Produce NEV Powertrains

Valeo Siemens, Fawer Auto Parts Team Up to Produce NEV Powertrains

China’s Fawer Automotive Parts Co. and Valeo Siemens eAutomotive Germany GmbH have partnered up in East China’s Jiangsu province to produce powertrains for new-energy vehicles.

Feb 9, 2018
Tang Shihua
BYD Steers Into New Retail With E-Commerce Partnership

BYD Steers Into New Retail With E-Commerce Partnership

Chinese automaker BYD Co. has teamed up with Maodou, a car leasing and sales website run by Beijing-based Chehaoduo Group, to sell its vehicles online.

Feb 9, 2018
Dou Shicong
Daimler Gets Green Light for BJEV Deal After Apologizing for Dalai Lama Blooper

Daimler Gets Green Light for BJEV Deal After Apologizing for Dalai Lama Blooper

A forgiving China has signed off on an equity deal under which Mercedes-Benz parent Daimler AG will take a 2.2-percent…

Feb 8, 2018
Dou Shicong
Daimler Gets Green Light for BJEV Deal After Apologizing for Dalai Lama Blooper

Daimler Gets Green Light for BJEV Deal After Apologizing for Dalai Lama Blooper

A forgiving China has signed off on an equity deal under which Mercedes-Benz parent Daimler AG will buy a 2.2-percent…

Feb 8, 2018
Dou Shicong

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