Japanese automaker Nissan has abandoned the deal to sell its EV battery manufacturing unit to Chinese private equity firm GSR Capital. The deal, valued at nearly $1bn, was cancelled by Nissan stating that the Chinese firm lacked the ...
Tags: Nissan, GSR Capital
UK-based drinks company Diageo has proposed to increase stake in Chinese spirits firm Sichuan Shuijingfang Company (SJF) and take majority control of the company. Diageo approached the board of directors of SJF with a proposal for a ...
BMW China and Baidu have partnered to develop the next generation Internet of Vehicles (IoV) solutions that connects vehicles with smart home devices. At the CES Asia 2018, an agreement was signed between BMW Connected and Baidu Internet ...
South Korean automaker Kia Motors has showcased its Niro EV Concept at the CES Asia 2018 being held in Shanghai, China. Under its new ‘Boundless for all’ vision, Kia is working towards a future in which opportunities for ...
Tags: Kia Motors, CES Asia 2018
Chinese President Xi Jinping met with Qatari Emir Sheikh Tamim Bin Hamad Al-Thani Thursday in Beijing, and they agreed to deepen the bilateral strategic partnership featuring mutual respect, equality and mutual benefit, and common ...
Tags: Strategic Partnership, bilateral relations, Belt and Road Initiative
BMW Group has become the first international auto maker to secure an autonomous driving road test license in China. The Intelligent Connected Vehicle Road Test Promotion Team - consisting of Shanghai Municipal Commission of Economy and ...
Tags: BMW, Autonomous Driving
German automaker Daimler has started production of its Mercedes-Benz A-Class vehicle at the Mercedes-Benz Kecskemét plant in Hungary. This makes the Hungarian plant, about 90 km in the south of Budapest, the second location ...
Tags: Mercedes-Benz, A-Class
Tyson Ventures, the venture capital unit of Tyson Foods, has co-lead a $2.2m seed investment in Future Meat Technologies. Based in Jerusalem, Future Meat Technologies is a food tech company that is engaged in non-GMO production of ...
Tags: Tyson Foods, Meat
Mercedes-Benz has premiered its new A-Class L Sedan at the Beijing International Automotive Exhibition (Auto China 2018). The notchback model being presented there features a 6 cm longer wheelbase (2789 instead of 2729 mm) and is a ...
Tags: Mercedes Benz, Auto China 2018
Toyota Motor is planning to introduce 10 new electrified vehicles for the Chinese market by the end of 2020. The company is showcasing the plug-in hybrid electric vehicle (PHEV) versions of its Corolla and Levin passenger cars at the ...
Tags: Toyota, Electrified Vehicles
China has opened its markets to Irish beef exports, ending an 18-year ban that was imposed on Ireland following the outbreak of mad cow disease. The Asian country had banned beef imports from Ireland and other European Union countries and ...
Tags: beef exports, Beef
Ford has unveiled the all-new, fourth-generation Focus compact car, which is due to be launched later this year in Europe and China. The new Focus car features the latest advanced technology with more space and a better fun-to-drive ...
Tags: Ford, compact car
Oliver Healthcare Packaging has opened a new 68,000ft2 manufacturing facility in Suzhou, China, to expand its operations in the regions. The new Chinese facility will be used for pouch making, roll stock converting, including slitting and ...
Tags: Oliver Healthcare, Packaging
Automotive parts supplier Magna International formed a joint venture (JV) in China to make composite liftgates for a global automaker’s crossover vehicle commencing in late 2018. The JV with Guangzhou Automobile Group (GAC) ...
Tags: Magna, Chinese Automaker
Mercedes-Benz has begun the production of new compact SUV GLA at its Sindelfingen plant in Germany Mercedes-Benz Sindelfingen plant Site Manager Michael Bauer and Mercedes-Benz Sindelfingen Works Council Chairman Ergun Lümali at the ...
Tags: Mercedes-Benz, SUV