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  The State Council: optimize the policy of foreign investment, and new energy vehicles enjoy the same market treatment.

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  The State Council foreign investment 2019-11-07
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  National Development and Reform Commission: formally liberalize the restrictions on the stock ratio of foreign investors in passenger car manufacturing

  On December 27, 2021, the National Development and Reform Commission and the Ministry of Commerce issued the Special Management measures for Foreign Investment access (negative list) (2021 edition) and the Free Trade pilot Zone (negative list) (2021 edition). Starting from January 1, 2022, China will abolish the restriction of foreign equity ratio in passenger car manufacturing and the establishment of only two or less car enterprises by the same foreign businessman.

  Formally relax the restrictions on the share ratio of joint ventures in passenger car manufacturing 2021-12-28
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  Evergrande spent money again, working with five foreign companies to develop 15 cars, including top luxury cars.

  On September 25, Evergrande New Energy Automobile Group announced its strategic cooperation with five automotive engineering enterprises on R & D and design, and signed a cooperation agreement. The price companies are FEV of Germany, EDAG of Germany, IAV of Germany, AVL of Austria and MAGNA of Canada (Magna). The agreement is to jointly develop 15 new energy models, covering a full range of products such as top, super-luxury, comfort, classic and so on. Five foreign companies cover chassis, body-in-white, powertrain, electronics, vehicle integration, body interior and exterior decoration and other vehicle R & D business. This time, Evergrande spent money on technology again. No.

  Evergrande new energy vehicles Hengchi car prices 2019-09-26
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  Restructuring South American operations General Motors invested heavily in its Brazilian auto plant

  According to foreign media reports, General Motors will invest in two car plants in Brazil, with an investment of up to 10 billion riels (about US $2.7 billion). In the next five years, GM will produce several new models through the two factories and sell them in South America. GM did not disclose the number of future models, which is not expected to be released until between 2020 and 2024. According to foreign media, GM's investment will retain about 15000 jobs at its two plants in Brazil, but it is not clear whether GM will create jobs in the region where the plant is located in the future. It is understood that General Motors for many years.

  Automobile General Motors General Motors 2019-03-20
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  BMW announces completion of joint venture stock holding brilliance BMW 75%

  Germany's BMW officially announced that its joint venture brilliance BMW in China has obtained a new license, BMW's stake in brilliance has been officially increased from 50% to 75%, and partner brilliance continues to own 25% of brilliance BMW. BMW spent 3.7 billion euros to acquire a 25% stake, and BMW said it would complete the payment by Feb. 22, and from Feb. 11, BMW's interest in the company will be included in BMW's financial statements. the partnership agreement between the two sides will be extended to 2040.

  BMW announces completion of joint venture stock holding brilliance BMW 75% 2022-02-12
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  SAIC, the largest listed automobile company in China, only accounts for 1.7% of the total revenue.

  As the largest listed automobile company in China, SAIC Group accounts for only 1.71% of the total revenue every year. According to SAIC's financial report data, the company achieved annual revenue of 902.2 billion yuan in 2018, with a net profit of 36 billion yuan belonging to listed companies. In 2018, the group's R & D expenditure was 15.39 billion yuan, an increase of 18.29% over the same period last year, accounting for about 1.71% of the total revenue. Compared with the major foreign automobile companies, there is a large gap in R & D investment. BMW achieved revenue of 97.48 billion euros and net profit of 9.815 billion euros in 2018, while R & D investment was 68.9.

  Automobile revenue SAIC listing R & D 2019-06-09
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  Hyundai Kia invests in Indian ride-hailing platform Ola with a total investment of 300 million US dollars.

  According to foreign media reports, Hyundai, together with Kia, has invested $300m (about 2 billion yuan) in Indian ride-hailing platform Ola. According to related sources, the deal values Ola at about $6 billion. Under the agreement, Hyundai, Kia and Ola will work together to develop fleet and mobile solutions and build India's unique electric vehicles and infrastructure. The purpose of its investment is to catch up in the global competition for investment in new mobile travel. This is also another big investment made by modern Kia Union in the field of travel. It is understood that in January last year, Hyundai Motor shared the ride platform Gr... to Southeast Asia.

  Investment 2019-03-19
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  GM and Amazon plan to invest in electric pickup company Rivian

  Recently, according to foreign media reports, General Motors and Amazon are planning to invest in electric pickup maker Rivian. The results of the investment are expected to be announced within February, according to industry insiders, there are still many uncertainties in the investment. If GM and Amazon succeed in the investment, the company's market value will increase by at least $1 billion in an instant, and the investor will also get a stake in the company. According to GM's previous email statement, it expressed its admiration for Rivian's contribution to creating a pollution-free, all-electric future. Judging from the current negotiation process between the two sides, GM and Amazon are still investing in this time.

  General Amazon Electric 2019-02-13
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  General Motors give in! An additional $7.7 billion in investment in the United States hopes to end the strike

  According to foreign media reports, GM made concessions in negotiations with the United Auto Workers (UAW), and GM agreed to add 7.7 billion US dollars in direct investment to US plants and add 5400 jobs. It is understood that GM reached an agreement with UAW on salary, medical benefits, job security and other issues, and finally broke out during the strike on September 15. as many as 50, 000 people took part in the strike. GM media lost nearly 100 million US dollars, and has lost 1 billion US dollars so far. Gerald Johnson, executive vice chairman of UAW, said GM's $7.7 billion direct investment in the United States and Canada was resolved.

  General Motors Union strike 2019-10-13
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  Yueda Kia starts a new stove and releases a new name in April

  Yueda Kia

  Yueda Kia 2022-02-07
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  Daimler wants to increase its stake in Beijing Automobile and has asked Goldman Sachs for help.

  On June 28 last year, the Ministry of Commerce of the National Development and Reform Commission issued new measures for the management of foreign investment, and the restrictions on foreign equity ratio of passenger cars will be lifted by 2022. In the face of this new policy, many overseas car companies are ready to move. BMW was the first to increase its stake in the Chinese joint venture brilliance BMW to 75%. Then Volkswagen Audi also revealed plans to "increase its stake." now there is news that Daimler also wants to increase its stake in Beijing Automobile and has asked Goldman Sachs for help. Reuters reported that Daimler has commissioned Goldman Sachs to help it increase its stake in Beijing Automobile, and negotiations are still under way.

  Automobile increasing ownership Beijing Daimler 2019-03-23
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  Foreign media: Kia may shut down the first factory of its joint venture in China

  After Hyundai closed its first factory in Beijing, Kia may also have to withdraw a factory in China temporarily because of Hyundai's sluggish sales in China. South Korea's Kia may suspend operations at its first plant in China as part of the company's long-term efforts to improve competitiveness, Reuters reported Monday. Kia subsequently issued a statement saying that the company is currently reviewing a number of plans to enhance its production and sales competitiveness in the Chinese market. Dongfeng Yueda Kia was established in 2002, jointly invested by Dongfeng Group, Jiangsu Yueda Investment Co., Ltd., and Kia Automotive Co., Ltd.

  2019-03-11
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  The Ministry of Industry and Information Technology has made it clear that further opening up the automobile market will speed up the merger and reorganization of the industry.

  Following the announcement of the opening schedule of the joint venture stock ratio, the Ministry of Industry and Information Technology once again announced the opening of the automobile market. A few days ago, Huang Libin, spokesman for the Ministry of Industry and Information Technology, said that in the future, telecommunications, Internet, automobile and other fields and related fields will be further opened to foreign investment, so as to continue to improve the level of intellectual property protection and create a good business environment. Huang Libin also said that China will unswervingly open wider to the outside world, treat the issue of Sino-US trade frictions with an open mind and tolerant mind, do not carry out construction behind closed doors, blindly emphasize "self-control", and will not decouple from international industrial development. The national policy protects the development of China's automobile industry and allows independent car brands to own.

  Joint venture stock ratio 2019-10-28
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  Volkswagen has set up a new technology company to integrate China's domestic charging pile standards.

  On May 16, Volkswagen (China) Investment Co., Ltd. increased its foreign investment and established Kaimes New Energy Technology Co., Ltd. (hereinafter referred to as "Kemis"), which was approved by the State Administration of Market Supervision and Administration on May 10. According to the data of Tianyan check, the registered capital of Kaimis is 810 million yuan, and the legal representative is Su Weiming. China first Automobile Co., Ltd., Jiangsu Wanbang de and New Energy Technology Co., Ltd., Volkswagen (China) Investment Co., Ltd. each contributed 243.6 million yuan, and Anhui Jianghuai Automobile Group Co., Ltd. contributed 81.2 million yuan.

  Nissan testing research 2019-05-25
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  Audi layoffs! Audi plans to cut costs by $17 billion and lay off 10% of its management staff

  Cost-cutting investment in electrification seems to have become a consensus in the automotive industry. A few days ago, Audi also officially announced that it would reduce its future goal by $17 billion, cut about 10 per cent of its management positions and increase investment in electrification. Audi 3.png "/ > according to foreign media reports, Audi CEO Bram short (Bram Schot) said," one thing is clear, our cost base is too high. "Audi will cut about 10% of its management positions in the process of cutting costs, and short reiterated its goal of cutting costs by about $17 billion by 2022. At present.

  Layoffs Audi goals. 2019-02-21
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  Car companies such as Tesla and BYD are interested in building a super lithium-ion battery factory in India.

  It is reported that although Tesla has not yet entered the Indian car market, he intends to set up a battery factory in India. In addition, the BYD and Ningde times have also shown a lot of interest in building factories in India. The Indian government plans to build six large factories that can produce thousands of megawatts of lithium-ion batteries a year, just like Tesla's No. 1 super factory in Nevada. Battery capacity per gigawatt hour can power 1 million homes for an hour, or power about 30, 000 electric vehicles. To reduce dependence on overseas crude oil, save money, and control urban pollution, India plans to invest 50. 5%.

  Factory Tesla BYD 2019-08-20
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  When the layoff plan is in progress! Daimler may lay off nearly 100 employees in China

  On February 25, media reported that Daimler may cut 4% of its workforce in China in the first and second half of this year, including nearly 100 foreign experts from Beijing Mercedes-Benz. The main reason for layoffs in China is that the cost of foreign workers is nearly 7-8 times higher than that of Chinese employees. It is understood that Mercedes-Benz spends more than 300000 euros (2.2878 million yuan) a year for a German employee in the Chinese market-including wages and a wide variety of subsidies, with an average annual cost of 300000 yuan for a Chinese employee. Public data show that at present, there are about 100 foreign employees of Beijing Mercedes-Benz.

  Daimler Mercedes 2020-02-25
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  The "supercar" is cool and the assets are auctioned off!

  Once announced in high profile to build a supercar, now some of the company's assets are listed for auction. The attention of the automobile industry learned from the Ali auction website that the Intermediate people's Court of Nantong City, Jiangsu Province, updated a piece of legal auction information about "Jiangsu S Automobile Company". The information shows that the subject to be auctioned was once called Rugao High-tech Entrepreneurship.

  Company Automobile Jiangsu Rugao Investment Nantong Limited Co. Ltd. Technology shareholder Golden Harvest Brand Rugao City Maimai assets 2022-05-03
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  Softbank Corp. cooperates with Honda to invest in GM's cruise to seek the commanding heights of self-driving technology.

  Cruise, a subsidiary of GM, acquired existing investors on May 7, local time, with Japanese Softbank Corp. and Honda investing $1.15 billion, according to foreign media reports. The new round of financing raised cruise's valuation to $11.5 billion, while shares of its parent general motors rose 2.3% to $38.89 in the afternoon on the new York stock exchange. Cruise was acquired by GM two years ago for $1 billion, GM owns an 80 per cent stake in Cruise, and Japanese companies such as Softbank Corp. and Honda have invested about $3 billion in it. In the past year, Cr...

  Beijing 2019 implementation 2019-05-08
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  Every minute is burning money, Tesla is looking for refinancing

  Tesla said on April 29 local time that he was looking for other sources of financing and that the cash flow at this stage was sufficient to cope with investment and debt repayment in the coming year. Although the company has been plagued by self-driving and fire scandals, the newly listed model3 has been welcomed by the market. Foreign media reported that Tesla said on Monday that he was seeking financing from other channels. Tesla's share price rose 1.8% to $239.42 on the news. according to the securities industry, Tesla needs to raise more funds for his expansion and start-up funds for the port factory in Shanghai.

  Tesla financing 2019-04-30