Urban Mobility
Beijing CH-Auto Technology Co., which started out in 2003 as a designer of cars, has clinched one of China’s coveted permits to build electric vehicles, according to people with knowledge of the approval process. The National Development and Reform Committee, which regulates China’s automobile industry, has given CH-Auto permission to assemble electric cars, according to the people, who asked not
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Chinese regulators are penalizing five electric-vehicle manufacturers that “cheated” on a subsidy program to the tune of 489.4 million yuan ($73.4 million) by making false claims about the number of vehicles they made —sometimes collecting money before any were made at all. Suzhou GEMSEA Coach Manufacturing Co. Ltd., the nation’s eighth-largest electric-minibus maker, forged production and sales records for more
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In recent years, the number of bicycles in China’s main cities has gradually decreased as Chinese consumers grew affluent enough to be able to afford cars. The number of bicycles in China is expected to decrease to 350 million in the next three years from 370 million in 2015, according to market research firm Frost & Sullivan. Yet, the introduction
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Foxconn Technology Group, the world’s largest contract manufacturer of electronics, said Thursday that a subsidiary had invested $119.9 million in Chinese ride-hailing company Didi Chuxing Technology Co. Foxconn unit Forteq Holdings Inc. has acquired a 0.36% stake in Didi, the Taiwanese company said in a filing to the Taiwan Stock Exchange. The deal values Didi at about $33 billion, higher
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Volkswagen AG signed a preliminary deal with China’s Anhui Jianghuai Automobile (JAC Motor) to explore making electric vehicles in a new joint venture, the two automakers said on Wednesday. The two sides are studying the feasibility of a joint venture and aiming to sign a formal agreement within five months, JAC Motor said in a stock exchange filing. Volkswagen VLKAY
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The Yadea Z3 adopts a sophisticated carbon alloy frame and a powerful inverted damping system. Equipped with smart induced headlights, rear air shock absorbers (suspension), military-grade run-flat tires, and automotive paint technology, Z3 is aiming for a true racing motorcycle experience. The Yadea Z3 — an all-electric motorcycle with a 75 mile range, has been launched worldwide, according to a
Read moreBeijing – Daimler held its first China Hackathon in Beijing on September 3rd and 4th. A total of 75 participants were invited to develop creative ideas and code prototypes related to automotive e-commerce within a given timeframe of 26 hours. The event was aimed at students, graduates and experts in the fields of IT, software engineering and computer science. Hubertus
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In the latest sign of caution from global automakers in China, Germany’s Audi last week unveiled a new factory for high-efficiency transmissions in Tianjin, to be used in petrol-powered cars. While Chinese firms go electric in the world’s biggest auto market, Audi is intent on petrol engines that can run farther, cleaner, in tandem with hybrid technology. As China’s electrified
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China’s electric-vehicle industry, with 200-plus companies backed by a raft of billionaires, verges on a massive shakeout as the government imposes stricter technology standards on fledgling manufacturers and considers limiting their number to only 10. The higher standards would be aimed at weeding out the weak, said a senior executive with the state-backed auto manufacturers’ association, and they may push as
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Buick LaCrosse Hybrid went on sale in China this week General Motors will market hybrid-powered vehicles with partner SAIC Motor Corp. under the Buick, Chevrolet and Cadillac brands. SAIC General Motors Co. will introduce the Chevrolet Malibu XL hybrid, Buick LaCrosse hybrid and Cadillac CT6 plug-in hybrid in China this year. The Malibu and LaCrosse will feature a 1.8-liter engine
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