Sales growth in China's auto market will resume in 2016 after having stagnated since 2015, while automakers' margins will narrow due to fiercer competition, Fitch Ratings predicted Tuesday. Reduced purchase taxes and recovering consumer ...
Tags: auto market, SUVs
When auto companies showed up in Las Vegas this month for the International Consumer Electronics Show (CES), a traditional parade ground for what's new in information technology, they certainly didn't seem like misfits. In 2014, output of ...
Tags: Automobiles, CES 2015, Electric vehicles
Hyundai Motor is planning to build two vehicle manufacturing plants in China. The car maker is planning to remodel one of its partners, Beijing Automotive Industry Holding's plant and wants to build another plant in the sub continent. ...
Tags: Hyundai Motor, Vehicle Manufacturing Plants, Auto Parts
In the presence of Germany’s Chancellor Dr. Angela Merkel and the Chinese State President Xi Jinping, Daimler AG and its Chinese partner Beijing Automotive Industry Corporation (BAIC Group) today signed an agreement on the further ...
Tags: Daimler, BAIC, Mercedes-Benz
South Korean automaker Hyundai Motor is set to establish its fourth plant in Chongqing, China, with an investment of $926.48m. This move is aimed at increasing the company's global market share in the automotive industry. The ...
Tags: automaker, Hyundai, automotive industry
German automaker Daimler has acquired a 12% stake in its Chinese partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group). This transaction marks the first investment by a non-Chinese automotive company in a ...
Tags: Daimler, Chinese BAIC Motor
German automotive manufacturer Daimler has acquired 12% stake in the passenger car unit of its Chinese partner Beijing Automotive Group (BAIC) for $875m. The acquisition will help the company in expanding presence in the world's biggest ...
Tags: Daimler, automotive manufacturer, BAIC
China Knowledge reported that Beijing Benz Automotive Co Ltd a joint venture established by Beijing Automotive Industry Holding Co and German auto giant Daimler AG,has said its auto sales exceeded 100,000 units this year,18 time more than ...
Tags: Beijing Benz, China Knowledge, E Town
German automotive manufacturer Daimler has integrated sales units of its locally-produced and imported Mercedes-Benz cars into a single organization known as Beijing Mercedes-Benz Sales Service. The new organization, which is a 50-50 ...
Tags: automotive manufacturer, sales and marketing, aftersales
South Korean carmaker Hyundai Motors along with its Chinese partner is recalling about 97,542 cars over airbags issue. According to the China General Administration of Quality Supervision, Inspection and Quarantine, the recall is ...
Tags: Hyundai, recall, Elantra cars, China
Beijing Automobile Works (BAW) has opened a ZAR196m ($22m) minibus taxi assembly plant in Johannesburg, South Africa. BAW is majority owned by Chinese state-owned Beijing Automotive Industry Holding Company which holds 51% stake while ...
Tags: Beijing Automobile, Minibus, South Africa
Boston-Power, a supplier of lithium-ion battery cells, modules and systems, has signed a deal with Beijing Electric Vehicle Company (BJEV), the electric vehicle (EV) division of Beijing Automotive Industry (BAIC), to provide battery ...