Volkswagen plans electric auto plant with JAC in China

JAC Motors

Volkswagen’s joint venture with China’s Anhui Jianghuai (JAC) prepares to spend 5.06 billion yuan ($750.8 million) in a new electric car factory located in eastern Hefei city, according to local officials. A document published online by the Hefei Economic and Technological Development Area on Monday revealed that Volkswagen and JAC had obtained approval from environmental […]

Tesla prompts tariff exemption for Chinese-made car computer ‘brain’

Tesla Inc logo

Tesla Inc has asked the Trump administration make exemption for the Chinese-made car computer “brain” of its new Model 3 sedan from 25 percent tariffs imposed in August, stated they threaten the electric automaker’s bottom line. “Increased tariffs on this particular part cause economic harm to Tesla, through the rise of costs and impact to […]

Automakers worry as China clamps down on capacity, looks for consolidation

china map

Some automakers in China are cautioned by proposed government restrictions on spending in new manufacturing capacity and the measures in which Beijing is attempting to trigger consolidation of the country’s flabby auto industry from mergers and strategic cooperation. China’s National Development and Reform Commission, looking to address mounting excess auto manufacturing capacity, looks to restrict […]

Guangzhou Auto raising around $2.2 billion in green car, proprietary brand push

Guangzhou Auto Show

China’s sixth-largest automaker by sales, Guangzhou Automobile Group (GAC Group), prepares to sell up to 15 billion yuan ($2.2 billion) worth of shares to fund advancement of its green vehicle service, exclusive brands and factories, the company stated on Monday. Chinese car manufacturers have invested billions in establishing electrical and petrol-electric hybrid automobiles at the […]