Business / Latest Motoring News

E-Class L heralds new decade of development for joint venture

[2016-06-20 09:37]

The long-awaited all-new E-Class L rolled off the production line at Beijing Benz Automotive Co Ltd on Thursday, heralding a new decade of development for the joint venture.

Both patents in copycat suit canceled

[2016-06-20 09:37]

Two design patents involved in a lawsuit Jaguar Land Rover filed against Chinese automaker Jiangling for allegedly copying the design of its popular SUV have been canceled in China, which has caused many jaws to drop and may discourage actions to protect intellectual property.

China and Germany expand NEV cooperation

[2016-06-20 09:37]

China and Germany are further expanding their cooperation in battery recycling technologies, to consolidate the new-energy vehicle industrial ecology in the world's largest market.

Passenger car sales exceed expectations

[2016-06-20 09:36]

China's car market may be performing better than the country's leading auto organization expected.

BYD Qingdao factory to make 5,000 electric buses annually

[2016-06-18 07:43]

Chinese electric-car maker BYD Co Ltd's new commercial vehicle factory in Qingdao, Shandong province, started production on Thursday. The facility is expected to manufacture up to 5,000 electric buses annually worth 10 billion yuan ($1.5 billion).

Didi Chuxing tops funding rankings

[2016-06-16 09:24]

Didi Chuxing, China's largest one-stop mobile transportation platform, announced on Thursday that it closed a $7.3 billion financing round, becoming one of the world's best-funded companies with about $10.5 billion in disposable funds.

Uber taps into needs of international tourists

[2016-06-16 09:07]

Uber Technologies Inc announced on Wednesday a new business initiative focusing on providing ride-hailing services to China's increasingly affluent tourists, a move to grab more market share from local rival Didi Chuxing.

Suzuki to recall 288 vehicles in China

[2016-06-15 14:02]

The Japanese automaker Suzuki will recall 288 imported Swift in China over defective brake calipers, according to China's quality watchdog.

Market slowdown to squeeze automakers' profit margins in China

[2016-06-15 11:02]

Automakers in China will face greater pressure on their profit margins as the market slows and competition increases, ratings agency Fitch said Tuesday.

Mercedes-Benz to recall 6,302 vehicles in China

[2016-06-14 17:01]

German carmaker Mercedes-Benz will recall 6,302 vehicles in Chinese mainland over defective hood locks, China's quality watchdog said Tuesday.

China auto sales up 9.8% in May

[2016-06-14 10:50]

Auto sales in China, the world's biggest auto market, surged 9.8 percent year on year to 2.09 million vehicles in May, data from an industry association showed Monday.

China auto sales up 9.8% in May

[2016-06-13 15:12]

Auto sales in China, the world's biggest auto market, surged 9.8 percent year on year to 2.09 million units in May, data from an industry association showed Monday.

Volkswagen gets tough on competition

[2016-06-13 13:53]

Volkswagen AG's CEO Matthias Muller has made clear the company's commitment to rolling out more cars specifically designed for Chinese drivers, in a move to consolidate the German automaker's position amid increasingly fierce competition in the world's largest auto market.

Ford reshuffles management in major growth market

[2016-06-13 10:59]

China is set to play a more prominent role in Ford Motor's global growth strategy following one of the automaker's biggest management reshuffles in the country.

Dotcom expertise helps drive car selling joint venture

[2016-06-13 10:56]

A joint venture named after the literary figure Monkey King is planning to bring innovation to the automotive industry in 2016, which is the Year of the Monkey according to the Chinese zodiac.

New facilities for intelligent vehicles

[2016-06-13 10:55]

China's first national-level demonstration base to test intelligent connected cars opened in Shanghai on June 7, signalling that the sector has entered into a new phase in the country.

Tech threat to domestic carmakers

[2016-06-13 10:52]

China's industry warned over the potential problem posed by 'intelligent future'

Didi Chuxing receives $600m investment from China Life Insurance

[2016-06-13 10:43]

Didi Chuxing, China's largest mobile transportation solution provider, said on Monday that it has received about $600 million strategic investment from China Life Insurance.

Continental aims to double its China sales to 10b euros by 2020

[2016-06-08 08:18]

Auto supplier Continental AG aims to double its China sales from last year's 4.5 billion euros ($5.1 billion) to 10 billion euros by 2020, its China head said on Monday.

BYD sets sights on streetcar network in smaller cities

[2016-06-07 07:59]

Chinese electric-car maker BYD Co Ltd will develop an electric streetcar network in smaller cities within the next five years to further expand its business, but some industry insiders say its plan lacks feasibility.

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