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  A real estate enterprise "revives" Zhidou Automobile, Geely is one of the shareholders

  On March 2nd, * ST Bank issued an announcement that in order to accelerate the company's strategic deployment in the field of new energy vehicle manufacturing and enhance the company's core competitiveness and sustainable development capability, the company intends to invest no more than 400 million yuan to participate in the Zidou automobile restructuring and restructuring plan change process. On the same day, * ST Silver billion signed a "memorandum" with the manager of Zhidou Automobile. As an investor in the new restructuring of Zhidou Automobile, the company intends to obtain the actual control and independent management rights of Zhidou Automobile, so that Zhidou Automobile can be reborn; at the same time, the company will pay an intention payment of 40 million yuan within 3 working days after the signing of the memorandum. Public information shows that Zhidou Electric Motor.

  Zhidou Automobile 2022-03-04
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  Jia Yueting's FF again exposed layoffs, and FF91 production became the biggest problem.

  According to foreign media reports, American electric car startup RIVIAN recruited more than 750 employees from Tesla and Ford, including a large number of employees from Jia Yueting's Faraday Future (FF). Data show that at least 50 FF members have moved to RIVIAN, most of whom have experience in battery and electric traditional systems. According to the survey, this is not the first time that FF has made large-scale layoffs. News of FF layoffs began as early as October last year, which is believed to be partly due to recent tight chains in the company. ...

  2019-07-06
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  Negotiations between Volkswagen and Ford are nearing completion, involving self-driving, electric vehicle technology and so on.

  According to foreign media reports, Volkswagen has terminated its cooperation with Amazon-backed self-driving start-up Aurora and is in talks with Ford's self-driving division Argo AI on a self-driving system. At the same time, Volkswagen CEO said it was nearing completion of negotiations with Ford, which included self-driving and electric vehicle technology. In January this year, Ford and Volkswagen officially announced that they would form a strategic alliance with a wide range of businesses and signed the first cooperation agreement. Ford and Volkswagen also signed a memorandum of cooperation aimed at exploring self-driving and smart mobile.

  2019-06-13
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  Drop hammer official Xuan! Audi cooperates with SAIC hand in hand

  On the evening of July 26, Volkswagen Group issued a press release that shocked the auto circle, and Volkswagen announced that it would buy a stake in Xiaopeng Motor for $700 million, which immediately sparked heated discussion in the industry. At the same time, Volkswagen Group also announced another big news-- its Audi brand signed a strategy with SAIC.

  Audi Electric platform Electric vehicle vehicle Automobile Group Volkswagen Market China Brand Development New New Energy under 2023-07-28
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  Guang Qi Wei comes to "co-create" new brand release, mass production and delivery of Hechuang electric SUV next year

  A new brand has been born in the Chinese market! Guang Qi Wei Lai's new brand "HYCAN Co-creation" has been officially launched, in addition to the brand LOGO, while the first concept car under the Co-Chuang brand has also been unveiled. On December 28, 2018, GAC GROUP and Xilai officially signed a memorandum of strategic cooperation: the two sides are committed to all aspects of the industrial chain to carry out comprehensive cooperation. Among them, the two sides will take the lead in setting up joint ventures to develop the whole vehicle market of new energy vehicles. The joint venture company plans to have a total investment of 1.28 billion yuan and a registered capital of 500 million yuan. Among them, GAC GROUP contributed 45 million yuan according to 22.5% share ratio.

  2019-05-20
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  Geely takes a stake in Renault Korean Automobile

  Today, Geely announced that its subsidiary Centurion Industries Limited (CIL) signed a share subscription agreement with Renault Korea Motor, agreeing to subscribe for 45.375 million shares of Renault Korea Motor for 1.376 billion yuan.

  Renault Automotive Geely Market Group Cooperation Korea Company Business Electric Brand both parties Limited Co. Ltd. 2022-05-10
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  Chuan Dongfeng Motor plans to sell PSA shares to promote the merger of PSA and FCA

  Dongfeng is likely to cut its stake in Peugeot-Citroen (PSA) in an attempt to facilitate a merger of PSA and FCA to ease regulatory scrutiny of the merger of PSA and FCA, Reuters reported, citing people familiar with the matter. Peugeot-Citroen (PSA) and Fiat Chrysler (FCA) announced on October 31 that they will create a new car company with a 50:50 share ratio. In terms of car production, the two will merge to become the world's fourth-largest automaker, with annual sales of 8.7 million vehicles and annual revenue of 170 billion euros.

  Dongfeng Motor PSA FCA 2019-12-07
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  Guangzhou Auto Fick's sales halved in the first half, and the two major shareholders wanted to revive Jeep.

  Fiat Chrysler ("Fick Group") and Guangzhou Automobile Group Co. ("GAC GROUP") said on their official Weibo that "during the Chengdu Auto Show, Fick Group and GAC GROUP signed a memorandum of strategic cooperation in Chengdu, and the two sides will further strengthen cooperation in the Chinese market and explore new cooperation opportunities in depth." It is understood that Guangzhou Auto Fick was established on March 9, 2010. it was jointly invested by GAC GROUP and Fick Group with a share ratio of 50:50, with a total investment of about 17 billion yuan. At present, Guangzhou Auto Fick's Jeep brands include Free Light and finger.

  GAC GROUP Fick Group 2020-07-30
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  I'm sure! Sony Motor Co-built with Honda

  On March 4, Sony and Honda announced that the two companies would jointly develop and sell high value-added electric car products, with the goal of launching the first model in 2025. The two sides have agreed to set up a joint venture to develop and sell electric vehicles and signed a memorandum of understanding on the deal. Honda will be responsible for driving performance, manufacturing technology and after-sales service management, while Sony will be responsible for developing entertainment, network and other mobile services, according to the press release. Honda CEO Toshihiro said: "although Sony and Honda have many historical and cultural similarities, our technical expertise."

  Sony 2022-03-04
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  Digital camera giant Canon has also entered the automobile industry.

  You still think Canon can only make cameras? No, no! Digital camera giant Canon has also announced its move into the auto industry. On January 16, several media reported that Canon announced that the company was looking for new types of business and said it would use optical lens technology to make car cameras for use in auto self-driving systems. According to media reports, Canon has signed a memorandum of cooperation with open source self-driving company Tier IV, the two sides will jointly develop L4 self-driving technology, while Canon will produce special car cameras for the company, in addition, Canon will also devote itself to driving monitoring.

  Canon marches into the automobile industry 2022-01-16
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  Speed up the sailing! SAIC GM Wuling signs agreement with Indonesia

  On April 30, SAIC announced that SAIC GM Wuling and the Indonesian government formally signed a memorandum of understanding on investment in new energy vehicle projects, which will expand investment in Indonesia and introduce more new energy models into the local market in the future. At the ceremony, SAIC GM Wuling also delivered a batch of Wuling new energy leaders to the Indonesian government.

  Indonesia Wuling Market New Energy cars China models sales exports Global data growth Investment Price Electric 2023-04-30
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  Mercedes-Benz terminates cooperation with Rivian!

  Rivian, the US electric carmaker, said on December 12th that it would suspend plans for a joint venture with Mercedes-Benz Commercial vehicle (Mercedes-Benz Vans). Rivian said it would give priority to its current consumer product development roadmap and

  Electric USA pickup des factory automobile cooperation market capitalization stock price Ford investment production business commercial vehicle market 2022-12-13
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  Will the market prospect be very miserable if the Seattle brand is delayed to enter China?

  Seat, a subsidiary of Volkswagen Group, will return to the Chinese market and be electrified. It has been confirmed that it will be introduced by Jianghuai Volkswagen JV, and the two sides have signed relevant agreements in 2018 and 2019 respectively. However, due to changes in the business environment and strategic adjustment, the Seattle brand's plan to enter the Chinese market has been postponed. According to foreign media reports, Carsten Isensee, Seattle's chief financial officer and interim chief executive, announced the change to return to the Chinese market at the brand's annual press conference earlier. A spokesman for the brand said that through the interior of Seattle.

  Seattle 2020-04-27
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  It is said that Volkswagen will acquire 50% of Jianghuai and become the largest shareholder of Guoxuan Hi-Tech.

  Volkswagen Group is in final talks to acquire a 50 per cent stake in Jianghuai Automobile Group Holdings Co., Ltd., worth at least 3.5 billion yuan, which could be the largest merger and acquisition deal in China's electric vehicle sector, Reuters reported. Affected by the news, Jianghuai Motor rose by the daily limit in the afternoon, and its share price reached its highest level since mid-April last year. If the deal is successfully completed, Volkswagen plans to inject new capital into the joint venture with JAC Motor at a ratio of 50:50 to create capacity based on its MEB modular electric vehicle manufacturing platform. According to the report by Reuters, Volkswagen will pay at least 3.5 billion yuan.

  Volkswagen Group Guoxuan High Technology 2020-05-27
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  Renault transferred Dongfeng Renault shares, Dongfeng Renault stopped Renault brand business in China

  On April 14, Renault Group announced a new strategy in the Chinese market. It is understood that the future Renault Group's business in China will focus on light commercial vehicles and electric vehicles, which will constitute the two pillars of its business in China in the future. As for the traditional fuel vehicle business, Renault Group has reached a preliminary agreement with Dongfeng Automobile Group Co., Ltd. to transfer the shares held by Renault Group in Dongfeng Renault Motor Co., Ltd. to Dongfeng Automobile Group Co., Ltd. According to the announcement issued by Dongfeng Motor, due to the decline of the domestic automobile market and the operating conditions of Dongfeng Renault, shareholders plan to reorganize Dongfeng Renault.

  Dongfeng Renault 2020-04-14
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  Very impressive! Volkswagen Anhui may export electric cars to Europe

  According to data from the China Automobile Association, from January to October 2022, the domestic production and sales data of new energy vehicles were 5.485 million and 5.28 million respectively, an increase of 111.4% and 105.4% respectively over the same period last year. Both production and sales data reached record highs, and the market penetration rate climbed to 24% from 13.4% last year. Vs.

  Volkswagen China Automotive Electric Market Export Europe Anhui Brand Factory production Group Electric vehicle Volkswagen New Energy 2022-12-06
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  The third joint venture, Audi FAW New Energy Project launched

  Time back to October 13, 2020, Audi and FAW Group signed the "Audi FAW High-end New Energy vehicle Cooperation Project Memorandum of understanding", announcing the establishment of a new energy joint venture between the two sides. On January 19, 2021, China FAW Board, Audi Management Board and Volkswagen Group Supervisory Board officially signed a contract and announced that they had officially settled in Changchun. On March 25, 2021, Audi FAW New Energy vehicle Co., Ltd. was established, marking the birth of Audi's third joint venture in China. Tianyan survey shows that Audi FAW New Energy Automobile Co., Ltd. has a registered capital of 5.267 billion yuan, of which Audi and Volkswagen hold public.

  Audi FAW 2022-02-20
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  A brand under Volkswagen will be delisted!

  According to the British auto media Autocar, the Seat brand of Volkswagen Group will withdraw from the passenger car market and be replaced by the Cupra brand. It is understood that the existing Seattle model will continue to be produced until 2030, but the brand will eventually withdraw in the future.

  Volkswagen Brands Automotive Market China models groups projects Electric Development subsidiaries products companies cars Directors 2023-09-05
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  Another joint venture car company was rumored to withdraw, and the official response came.

  The domestic automobile market continues to reshuffle, Changan PSA, Dongfeng Renault and other joint venture car enterprises have been defeated, the production situation of some weak car enterprises has attracted attention. Recently, another joint venture car company has been rumored to withdraw its investment. A few days ago, China Business News reported that GAC Fick sales fell off the cliff for three consecutive years, a large area of idle production capacity, operating losses, and the outbreak of dozens of dealers to protect their rights. Sources close to FCA revealed that FCA has unilaterally proposed divestment from Guangzhou Auto Fick, but it is not clear the progress of this plan. It is worth noting that if FCA divests from Guangzhou Auto Fick, it will be Fiat and Chris.

  Guangzhou Auto Fick JEEP brand 2020-11-04
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  After breaking up with Dongfeng, Renault Geely was born!

  On August 9, Zhejiang Geely Holdings Group (hereinafter referred to as "Geely Holdings") announced that it had signed a memorandum of understanding with Renault Group (hereinafter referred to as "Renault") to establish a long-term partnership. In China, the two sides will jointly develop Renault-branded hybrid models based on Geely Holdings' platform technology. In South Korea, the two sides will cooperate based on the Lectra energy-saving platform to jointly develop models suitable for the Korean market. Geely Renault said that the cooperation between the two sides will reflect Geely holding Group's open strategy to its vehicle architecture, and will also accelerate the landing of Renault Group's "Renaulution plan" in these two markets. There is.

  Dongfeng Renault Jiangling Renault Geely Renault 2021-08-09