BAIC, Didi plan car leasing service amid new car sales decline in China

Didi Chuxing logo

Chinese automaker BAIC Motor and transportation company Didi Chuxing plan to collaborate with other industry players to lease BAIC’s cars to customers as new car sales have declined. The companies, which have a joint venture to create the next-generation connected-car systems, will collaborate with electric vehicle (EV) battery maker CATL, State Grid, Postal Savings Bank of China and Uxin to build […]

Hyundai Motor to will continue China joint venture with BAIC

Hyundai elantra

South Korean automaker Hyundai Motor stated on Friday it will carry on its Chinese joint venture with BAIC Motor, brushing off investor concerns about soured relationships between the partners. China’s state-run Global Times newspaper has reported BAIC may risk losing the joint venture if disagreements over suppliers were not resolved, pointing out an industry insider. […]