CHENGDU, China — China is committed to opening its market to global competition, as shown by the announcement last week that it will lower import tariffs and remove a two-decade old regulation restricting foreign carmakers to making cars there only as part of a joint venture with a Chinese company. And according to speakers at this week’s Read More..
Magna International will develop a next-generation smart electric vehicle architecture together with China’s Beijing Automotive Industry Holding (BAIC). The Canadian automotive supplier said the architecture will specifically be for the Chinese market, where 700,000 electrified vehicles were sold in 2017. The agreement calls for Magna Steyr, Magna’s Austrian engineering subsidiary, to take a lead role Read More..
AMSTERDAM — Lynk & Co, which unveiled a new, smaller car model here last week, will also launch a new approach to car retailing in Europe. The Chinese brand, which, like its sister company Volvo Cars, is part of China’s Geely Group, will start selling its 01 SUV in 2019, when it begins building vehicles Read More..
Fred Schulze will take up a new role as head of production and logistics at SAIC Volkswagen, the joint venture between Shanghai Automotive Industry Corporation and Volkswagen Group. The appointment will take effect in July. Schulze, who currently is responsible for production of Audi’s large SUVs and crossovers, will succeed Christian Vollmer, who will become Read More..
Didi Chuxing and BAIC Group will jointly operate an electric-vehicle car-sharing program in China. Didi, which operates China’s largest mobile transportation platform, said it had formed a strategic partnership with automaker BAIC to work together in areas such as EV fleet operation, big data applications, mobility services, and customized vehicle design. The two companies also plan Read More..
BMW said it is in “advanced discussions” to form a new joint venture with Great Wall Motor in China to locally produce electric Mini brand cars there. The German premium car group said it has signed a letter of intent with Great Wall, a major Chinese carmaker, to jointly build the cars. Mini is now Read More..
Infineon and SAIC Motor Corp. will jointly develop power modules for Chinese electric vehicles, giving the German semiconductor group a stronger foothold in the world’s biggest auto market. Infineon said SAIC, one of China’s largest automotive companies, will hold a 51 pc stake in the joint venture, which is called SAIC Infineon Automotive Power Modules Read More..
Geely Holding said it had reached agreement to acquire 8.2 pc of Volvo Trucks, strengthening the Chinese automotive group’s international operations and raising the possibility that the two separate Swedish companies bearing the Volvo name could be united once more. Geely said its stake in AB Volvo, the trucking group, will make it the largest Read More..
Siemens will concentrate its global research into autonomous robotics in China, acknowledging the countryâ€™s growing expertise in high-tech manufacturing areas. As part of its decision, the German engineering group also entered into a partnership with Tsinghua University to jointly establish a robotics research center in Beijing. Siemens cited as key development areas new mechatronics systems, Read More..
ZF Friedrichshafen and Chinaâ€™s Beijing Automotive Industry Corp (BAIC) plan to jointly produce components for electric vehicles in China. The agreement reflects expectations that EVs will soon play an even bigger role in the worldâ€™s largest car market as the government moves to curb air pollution in major cities. â€œChina is the largest and most Read More..