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SAIC Motor terminates acquisition of CAR stakes
Major Chinese automaker SAIC Motor Corporation Limited has ended an agreement to acquire stakes of CAR Inc., the country's leading auto rental service provider, reported the Xinhua-run Shanghai Securities News on Monday.
Great Wall Motor, BMW announce new energy auto JV
Chinese carmaker Great Wall Motor Company Limited announced Tuesday a joint venture (JV) with BMW, with each side holding a 50 percent stake in the new company of new energy automobiles.
BMW, Great Wall Motor to produce Mini cars in China
German carmaker BMW AG is to produce electric Mini cars in a joint venture with China's leading SUV maker Great Wall Motor, to tap the potential of the world's largest market for electromobility.
China's Dongfeng Motor misses growth target
China's Dongfeng Motor Corporation said Wednesday it had fallen short of its 2017 growth target as sales at its ventures with PSA Group and Kia Motors had slipped.
UAE, China join efforts to develop Dubai motor city
The United Arab Emirates (UAE) and China signed on Monday a Memorandum of Understanding (MoU) to jointly develop an 8 billion dirham (2.17 billion U.S. dollars) master plan in Dubai Motor City.
Hyundai Motor picks CATL as 1st battery supplier in China
Hyundai Motor, South Korea's biggest automaker, has selected Contemporary Amperex Technology Co. Limited (CATL) as its first battery supplier in China to enhance cooperation in new energy vehicles.
Tesla to raise more than $1 bln for producing new electric car
Tesla Motors, Inc. said Wednesday it plans to offer 250 million U.S. dollars worth of common stock and 750 million dollars in convertible notes due in 2022, to help finance its production of upcoming Model 3 electric car.
Saikawa to succeed Ghosn as Nissan CEO
Hiroto Saikawa is scheduled to succeed Carlos Ghosn as Nissan Motor's CEO from April 1, 2017, while Ghosn will continue to serve as chairman of the automaker's board of directors.
Dongfeng Yueda Kia to recall defective automobiles
Dongfeng Yueda Kia Motor Co., Ltd. is to recall 31,803 defective automobiles over defective rear traction rods, according to China's consumer quality watchdog.
Baidu and BAIC Motor team up to drive smart vehicles
Chinese internet giant Baidu has announced a strategic partnership with automobile manufacturers BAIC Motor to expand the smart vehicle sector.
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