CHINA FAW GROUP
ACME Solar Holdings places order of 2 GWh Battery Energy Storage System
ACME Solar Holdings has ordered 2 GWh of Battery Energy Storage System (BESS) from Chuzhou Lishen New Energy Technology, facilitated by POSCO International and China FAW Group. This order, to be delivered over 6-10 months, will support ACME's FDRE and standalone BESS projects. With this purchase, ACME's total BESS procurement exceeds 5 GWh, ensuring timely project commissioning.
PM Modi rides in Hongqi L5, Aurus Senat at SCO Summit: What Xi Jinping’s 'Red Flag', Putin's 'Fortress-on-wheels' limousines signal
SCO summit 2025, Tianjin: Prime Minister Narendra Modi was chauffeured in China’s state limousine, the Hongqi L5, during the SCO summit in Tianjin. The L5 is President Xi Jinping’s signature state car and a national symbol of China’s “Made in China” push. The vehicle’s size, interior fittings and price reflect its ceremonial role. The summit saw exchanges between Modi, Xi and Putin that combined personal bonhomie with geopolitical signalling. The ride in the Hongqi underscored protocol, respect and a cautious thaw in ties between New Delhi and Beijing.
Tata Motors to drive Iveco’s CV business for $4.4 billion, the group's biggest cross border M&A since Corus
Tata Motors is set to acquire Iveco from the Agnelli family for $4.4 billion, marking its largest automotive acquisition since Jaguar Land Rover. This move aims to bolster Tata's commercial vehicle arm with advanced technology and global market access, pending regulatory approvals and expected to close by April 2026.
Chinese consumer complaints show widespread padding of car sales figures
A Reuters analysis found that several Chinese automakers and dealers, including major brands like BYD, Toyota, and Volkswagen, used pre-purchase insurance schemes to inflate car sales amid a fierce price war. Over 90 consumer complaints and media reports revealed that cars were insured before being sold to meet targets, misleading demand data and prompting legal action from deceived buyers.
Volkswagen, FAW venture to launch 11 new models tailored for China from 2026
Volkswagen and FAW Group plan to introduce 11 new Volkswagen and Jetta models in China from 2026. This includes six electric vehicles, two plug-in hybrids, two extended-range vehicles, and one gasoline model. The first Jetta-branded electric vehicle is slated to hit the market in 2026, marking a significant expansion in their offerings for the Chinese market.
Toyota said to ramp up China production in a strategy pivot
Toyota is planning a major shift in its China strategy, aiming to produce up to 3 million vehicles annually by 2030. This represents a significant increase from its current production levels and comes as other foreign automakers are scaling back in the region.
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Huawei approaches Audi, Mercedes on smart car investment
The move is aimed at expanding its partnerships beyond Chinese brands, they said. Huawei, the target of U.S. sanctions since 2019, also hopes the presence of foreign investors would help defend the business from potential further geopolitical tensions, according to one of the sources who was briefed on the matter.
Explainer: What's behind China's failed 'truce' in EV price war?
The group representing China's auto manufacturers has retracted a pledge to avoid "abnormal pricing" that it had brokered between 16 automakers, including Tesla, breaking off a truce in a brutal price war over electric vehicles.
China's COVID curbs hit Toyota, Volkswagen and Apple supplier Foxconn
China's efforts to curb its largest COVID-19 outbreak in two years has forced companies from Apple supplier Foxconn to automakers Toyota and Volkswagen to suspend some operations, raising concerns over supply chain disruptions.
Volkswagen aims to double electric car sales in China this year after missing targets
Volkswagen Group, which alongside its own brand owns other marques such as Audi, Lamborghini and Porsche, sold 3.3 million cars in China last year, down 14%, Wollenstein said. The company aims to boost that number by around 15% or roughly 500,000 units this year, though he said this also depended on the chip supply situation.
Volkswagen to buy credits from Tesla in China to comply with environmental rules, say sources
The deal, the first of its kind to be reported between the two companies in China, highlights the scale of the task Volkswagen faces in transforming its huge petrol carmaking business into a leader in electric vehicles to rival Tesla.
China's FAW considers acquiring BMW partner Brilliance in $7.2 billion deal: Reuters
The potential acquisition by state-owned FAW, China's No. 2 automaker, comes at a time when Brilliance's top shareholder Huachen Automotive Group is on the brink of bankruptcy, having defaulted on 6.5 billion yuan ($1 billion) in debt obligations late last year.
Baidu plans smart EV company, to make cars at Geely plant: Sources
China's Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely.
Apple assembler Foxconn set to make electric SUVs with Chinese startup Byton in 2022
Byton, which is backed by state-owned automaker FAW Group and battery supplier Contemporary Amperex Technology Co Ltd , was building a car factory in the eastern city of Nanjing before it suspended production from July to conduct a reorganisation of the firm.
Volkswagen explores new sales model for electric models in China
Volkswagen AG is launching another sales model in China that will see the automaker open showrooms in city centres for electric vehicles (EV) and offer fixed prices, departing from the conventional sales system used by the wider industry.
China's car production may face disruptions due to pandemic-induced chip shortage, says VW
The pandemic has hit auto and auto parts production globally, and car-making in China, the world's biggest auto market, relies heavily on imported chips for electronic parts such as electronic control units and electronic stability programmes.
Toyota-backed startup Pony.ai raises $267 million in new funding round
The latest funding, which comes just eight months after the company's $462 million fundraising, makes Pony.ai one of the most valuable independent autonomous driving startups
Volkswagen takes on Tesla with first ID.4 electric models in China
The models mark the start of a major push by Volkswagen into the electric vehicle market in China to take on the likes of Tesla and Nio Inc.
Toyota to launch hydrogen fuel cell venture with Chinese auto firms
Toyota said it will launch the Beijing-based venture with FAW Group, Dongfeng Motor, Beijing Automotive, GAC and Beijing SinoHytec.
Volkswagen AG pumps 2 billion euros into China electric vehicle bet, buys stakes in 2 firms
VW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC Motors), also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%.
Volkswagen to open new China factories as SUV, EV demand booms
Germany-based VW is among automakers expanding local production of sport-utility and electric vehicles even as China eases access to its market by reducing import tariffs.
Audi AG registers net profit of €4.7 billion, plans €40 billion investment in next 5 years
Volkswagen Group owned, Ingolstadt based luxury car maker, Audi has registered net profit of €5.1 billion before special items in a challenging year 2017.
Chinese official Ma Chaoqun held with $20 million cash, 37 kg gold
Ma Chaoqun was suspected of embezzlement after 120 million yuan (about $20 million) and 37 kilogrammes of gold were found at his residence.
Honggi, the made in China sedan to compete with Audi
Panda diplomacy is a thing of the past. Diplomats and the Chinese elite now have a flashier option: Chairman Mao Zedong’s sedan.
GM first foreign carmaker to sell two million units in China
General Motors said on Thursday it had become the first international carmaker to sell two million vehicles in a year in China, now the world's largest auto market.
VW says to build new Chinese auto plant
Europe's biggest automaker Volkswagen said on Thursday it intends to build a factory in Yizheng, eastern China, to boost production capacity in China, the world's biggest car market.
VW plans new Chinese auto factory
The European automaker Volkswagen will build a new factory in southern China as part of a long term strategy in what is now VW's most important market.
China: Toyota recalls 690,000 cars for window bug
The recall involves 407,503 Camry & Yaris passenger cars made in China. Tianjin FAW Toyota is recalling 280,811 Vios & Corollas. Video: Toyota Fortuner | Innova
Toyota eyes new plant in China
Japanese auto giant Toyota is considering building a new plant in China to boost its presence in the country's rapidly growing car market, the Nikkei reported Saturday.
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