NorihikoShirouzu
Stories by NorihikoShirouzu
Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
Their JV is likely to build vehicles for ride-hailing giant Didi Chuxing and possibly Chinese electric car startup Singulato Motors.
Chinese battery maker CATL turns latest investor in EV startup Byton
The battery producer is a “sizable investor” to join Byton’s $500 million Series B round of funding.
Geely, Tencent to buy 49% stake in China Railway unit
The deal seeks to create a three-way joint venture to provide a platform for WiFi access to train users
China’s FAW to invest $260m in EV startup Byton’s Series B round
Byton last year raised $240 million in a round of funding from investors including Chinese retailer Suning and Fullshare Holdings.
Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars
Volkswagen will also jointly buy some new cars with Didi to allow the Chinese company to expand its fleet.
China’s Didi exploring collaboration with automakers for ‘purpose-built’ cars
Didi says it wants to establish "open platforms" whereby it could share its customer and operational skills with automakers or parts suppliers.
China’s state-owned FAW Group to invest in electric vehicle startup Byton
Byton is interested in gaining access to FAW’s supply chains for automotive components such as EV batteries.
China’s Geely said to have bought stake in Germany’s Daimler
The size of the stake remains unclear but is likely to be below 3%.
Daimler turns down China’s Geely offer to buy stake; Geely still hopeful
A stake of that size would be worth $4.5 billion at current market prices.
BMW eyes China joint venture with Great Wall Motor
This will be BMW's second JV in China. It has a joint venture with local carmaker Brilliance China Automotive Holdings.
