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  It is exposed that BAIC's acquisition of Daimler shares will surpass Geely to become the largest shareholder.

  BAIC, a Daimler joint venture partner, has launched a plan to double its stake in Daimler to about 10 per cent, winning a seat on the board of directors of the German luxury carmaker to replace rival Geely as Daimler's largest single shareholder, Reuters reported, citing sources.

  Daimler Beijing Mercedes Benz 2019-12-16
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  Volkswagen: acquire 50% of Jianghuai and become the largest shareholder of Guoxuan Hi-Tech.

  On May 28, Guoxuan Tech, a power battery manufacturer, issued a notice saying that the company had examined and passed a "bill on the company's compliance with the conditions for a non-public offering of A shares." In this private offering, the company intends to introduce Volkswagen (China) Investment Co., Ltd. (hereinafter referred to as "Volkswagen China") as a strategic investor. Volkswagen China intends to hold shares in the company for a long time and appoint directors to actually participate in corporate governance. According to the announcement, Zhuhai Guoxuan, the controlling shareholder of Guoxuan Hi-Tech, and Li Kun, the controller, transferred 5% of Guoxuan Hi-Tech shares to Volkswagen China. After completion, Volkswagen China will be the largest shareholder of Guoxuan Hi-Tech, and Li Gong and United Action will be the second largest stock.

  Volkswagen 2020-05-29
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  BMW doubles battery capacity in its largest factory at a cost of $10 million

  Recently, BMW said it would invest $10 million to support electric vehicle capacity, doubling its lithium battery capacity at Spartanburg, the world's largest factory. To this end, the Spartanburg plant will add assembly lines and expand the area to 7990 square meters. The Spartanburg plant, the largest production center of the BMW Group in the world, is mainly responsible for the production of sports cars and coupes, producing the entire BMW X-series models including X3, X4, X5, X6 and X7, and has delivered more than 4.6 million vehicles for BMW in the global market. In 2015, the factory began to produce BMW.

  Factory BMW 2019-07-26
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  Acquisition completed, Volkswagen China Chengguoxuan Hi-Tech's largest shareholder

  This evening, Guoxuan Hi-Tech announced that it had issued 384 million A-shares to Volkswagen China, which was listed on the Shenzhen Stock Exchange on December 15. After the completion of the non-public offering, the total share capital of the company increased to 1.665 billion shares. as a result of the above equity changes, the shareholding ratio of Li Gong, the company's actual controller, and his co-actors changed from 23.62% to 18.17%. Volkswagen China's shareholding ratio increased from 4.41% to 26.47%, becoming the largest shareholder of the company. It is understood that the non-public offering of shares began in May 2020. 202...

  Guoxuan high-tech 2021-12-15
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  The largest IPO in Europe? Porsche to be listed in Germany

  On September 5, local time, the initial public offering of Porsche AG, a subsidiary of Volkswagen, held a meeting of the supervisory board, and then Volkswagen issued a statement saying that according to the results of the review, the Volkswagen management committee, with the consent of the supervisory board, decided to conduct an initial public offering of Porsche at the end of September or early October.

  Porsche Volkswagen Automotive Markets Volkswagen Group sales China Volkswagen Group growth Independence largest Europe Global shares 2022-09-06
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  Build the world's largest battery factory in Germany in the Ningde era to open up the European market

  Recently, Matthias Zentgraf, president of Ningde Times Europe, announced at an automobile seminar held in Bochum, Germany, that the world's largest battery factory would be built in Erford, Germany. It is understood that in June 2018, when the Ningde era held a press conference, it was announced that a battery factory would be built in Elffit. At that time, the capacity of the battery factory was planned to be 14 gigawatt hours. Today, Ningde Times is planning to increase its capacity sevenfold. At this scale, the Ningde era battery factory in Erford, Germany, no matter in terms of capacity or site size.

  Factory Global Ningde era 2019-02-15
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  It is exposed that BAIC will increase its stake in Daimler and may become the largest shareholder.

  On November 26, according to media reports, BAIC intends to continue to increase its stake in Daimler, and if the increase is confirmed, BAIC may become the largest shareholder of Daimler. On July 23, BAIC announced that in order to strengthen the long-term strategic cooperation between the two sides, it would invest in Daimler AG, which currently owns 5% of Daimler AG, including 2.48% direct shareholding and the right to obtain additional voting rights equivalent to 2.52% of the shares. The move led to a complex triangular relationship between Daimler, BAIC and Geely. After this transaction, BAIC became the third largest shareholder in Daimler.

  BAIC Mercedes-Benz 2019-11-26
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  The largest recall in Subaru history, the global 2.27 million forest people and wing leopard brake light switch defect recall

  Japanese carmaker Subaru has announced a global recall involving 2.27 million vehicles, the largest recall in the company's history. According to foreign media reports, Subaru announced that it will recall a total of 2.2638 million models of "Forest Man" and "Wing Leopard" worldwide, which will be produced between September 2008 and March 2017. A total of 306700 vehicles need to be recalled in Japan, while nearly 2 million vehicles need to be recalled in North America. Reason for the recall: it is reported that under normal circumstances, pressing the brake pedal will switch to the brake light switch to start the engine. But this switch.

  Recall Subaru. 2019-03-01
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  ​ may be the third largest IPO in Europe! Porsche is finally going public.

  In February, Volkswagen made it clear that Porsche would go public independently, and now Porsche is finally going public. The German Volkswagen Group announced that its Porsche will be listed on the Frankfurt Stock Exchange on September 29th, with a maximum valuation of 75 billion euros (524.1 billion yuan).

  Porsche Volkswagen Automotive sales Group Volkswagen Market Electric Volkswagen Group China growth Global Euro data Company 2022-09-19
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  20 years of growth is over! China becomes the only declining market for Porsche

  A few days ago, Germany's Porsche announced sales in 2022. According to the data, the global delivery volume of Porsche in 2022 was 309884 vehicles, an increase of 2.6% over the same period last year, of which the total delivery volume in China was 93286 vehicles. Although it has been the largest single market in the world for eight consecutive years, it is the only one in the world.

  Porsche Market China Global Electric Automobile Consumer New car Max Consumer steering column Germany Model function Brand 2023-01-21
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  Buffett partnered with Munger: BYD will become the largest electric car company

  More than a decade ago, under Charlie Munger's "persuasion", Buffett made an uproar in the investment community. Berkshire bought 225 million BYD shares at HK $8 per share, with a total transaction value of HK $1.8 billion, accounting for 9.89% of the expanded share capital. Berkshire has not sold a single share of BYD over the years and has repeatedly "praised" BYD in public. Recently, Buffett's golden partner praised BYD, saying that "BYD will become the largest electric car company" and satirized Tesla CEO Musk's "arrogance". On Thursday, Buffett's old partner Charlie.

  Munger Buffett partner. 2019-02-15
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  The price of crude oil soars after the attack on Saudi Arabia's largest oil field. Update on the trend of crude oil today.

  On Sept. 14, Saudi Arabia flew 10 drones to bomb the world's largest crude oil processing facility in Abqaiq, as well as the Khurais oil field, the country's second-largest oil field. After claiming responsibility for the 14 drone attacks on two facilities of the Saudi National Oil Company (Aramco), the Houthi forces in Yemen threatened on the 16th that the next round of attacks on Aramco could be carried out at any time. The United States still insists on pointing the finger at Iran. Iran refuted it again, saying it was a deception by the United States. Randy Larsen, a former dean of the National War College with a US military background.

  Oil prices Saudi oil fields attacked. 2019-09-17
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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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  Is the car "difficult to give birth"? The fifth largest shareholder of Singularity transferred 6.3753% of its shares.

  Today, according to public information from the Beijing property right Exchange, Shenzhen Boyong Zhi Motion, the fifth largest shareholder of Singularity Automobile, plans to transfer its 6.3753% stake, which is transferred by Shenzhen Boyong Zhi Zhi Future Investment Partnership. Transfer 6.3753% stake in Smart car Youhang Technology (Shanghai) Co., Ltd. According to enterprise investigation, the main body of operation of Smart car Youhang (Shanghai) Co., Ltd. is car-building new power Singularity Automobile. Smart car Youhang was established in October 2014, and its business covers new energy vehicles, intelligent vehicle systems, vehicle networking services, and so on. the main product is Singularity. The legal representative and major shareholder of smart car Youxing.

  Singularity car 2019-10-31
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  The world's largest fast charging station in Shenzhen will add 172 charging piles.

  The Minle charging station located in Longhua New District of Shenzhen is the largest fast charging station for electric vehicles in the world. Recently, it has been announced that an additional 172 electric vehicle fast charging piles have been put into operation. At present, the charging station has been built with 637 fast charging piles. The charging station is operated by three units, including Southern Power Grid, and covers an area of 20, 000 square meters. It can provide charging services for nearly 5000 electric vehicles every day. There are 70 60 kilowatt DC charging piles with a new constant power charging module in this charging station. These charging piles can meet the charging current and voltage requirements of all electric vehicles on the market, and the charging speed is higher than one.

  Charging global 2019-05-31
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  The mixed reform of state-owned enterprises, the change of the largest shareholder of Chery Holdings and Chery Automobile

  In order to solve the debt and day-to-day operating problems, Chery introduces new investors through "capital increase and share expansion". At the same time, the new investor will become Chery's largest shareholder. Today, Chery Holdings and Chery Automobile officially announced that the capital increase and share expansion has been successfully completed, and Qingdao Wudaokou New Energy Automobile Industry Fund has become the new shareholder of Chery Holdings and Chery Automobile. Before the capital increase and share increase, as a state-owned enterprise, Chery's actual controlling shareholder was Wuhu Construction Investment Co., Ltd., which is under the State-owned assets Supervision and Administration Commission of Wuhu Municipal people's Government. After the capital increase and share expansion, Qingdao Wudaokou became the largest shareholder, directly holding 51% of Chery Holdings and Chery Automobile.

  Chery Automobile 2019-12-04
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  The largest SUV of Great Wall Motors! The new Harvard H5 starts at 122800 yuan.

  On August 21, the new Harvard H5 was officially launched, with a total of new models, with an official price range of 10,000 yuan. It is understood that the new Harvard H5 production in the Great Wall Automobile Jingmen production base, based on the tank platform, the use of non-load-bearing body structure, positioning of medium and large SUV, is the current Harvard brand size

  Harvard new design model maximum size Great Wall aspect body styling consistency Yuanqi engine brand tank 2023-08-21
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  The largest scale in history! Hyundai Kia recalls 3.37 million cars in the United States

  Hyundai Motor Group will recall 3372743 vehicles in the United States, including 1642551 Hyundai and 1730192 Kia, according to the US Highway Safety Administration (NHTSA) recall notice. It is understood that this is the largest recall in the history of the automobile group.

  Cars modules problems Kia reasons annual production models brake fluid Elantra Elan USA impact materials different 2023-10-03
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  Global Lamborghini sales rose 96% year-on-year, making China the second largest single market

  According to relevant media reports, Lamborghini set a new record in the first half of 2019, delivering 4553 new cars worldwide, up 96% from the same period last year, nearly doubling and even exceeding the total sales for the whole of 2017. In addition, cumulative sales in mainland China, Hong Kong and Macao surpassed Japan in the first half of this year to become the second largest single market for Lamborghini. In the first half of this year, Lamborghini sold a total of 1543 vehicles in the United States, which is still the largest single market in the world, a sharp increase of 128% over the same period last year. Asia-Pacific sales in the first half of the year.

  Sales volume global Lamborghini year-on-year 2019-07-05
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  Ideal car submitted its listing application, and Li Xiang was the largest shareholder.

  Ideal Automobile, a new force in car-building in China, has submitted an application to be listed under the stock code Li. Ideal Motor will also become the second new power car company in China to go public in the US stock market, following the listing of Weilai Motor in 2018. According to sources, the listing of ideal Automobile will raise up to 100 million US dollars, and the new funds raised will be used for the research and development of new products and the company's operating funds. Since its inception, ideal Motor has completed nine rounds of financing, with a cumulative financing amount of US $2.075 billion. The latest round of financing was led by Meituan in July, with a post-investment valuation of $4.05 billion. According to the prospectus, CEO and founder Li.

  Ideal car 2020-07-11