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Home >> Suppliers
  Changan taps NXP Semiconductors to make infotainment systems
Automotive News China | 2017/8/22

Changan Automobile Co. is hiring Dutch semiconductor maker NXP Semiconductors to develop infotainment systems for light vehicles.  The deal is part of a strategic partnership the two companies expect to sign at an auto show in the southwest China city of Chengdu on August 25,  Changan said.
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  Chinese suitor seeks to buy Korea's Kumho Tire at lower price, report says
Automotive News China | 2017/8/22

Chinese tiremaker Qingdao Doublestar Co. is seeking to acquire Korea¡¯s Kumho Tire Co. for a lower price after Kumho suffered losses in the first half of the year, according to Korean news agency Yonhap.  It is unclear whether Kumho Tire¡¯s creditors will accept the request from Qingdao Doublestart, Yonhap reported, citing an official with one of the creditors.
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  Fuyao Glass forms international arm to run overseas factories
Automotive News China | 2017/8/8

Fuyao Glass Industry Group Co. plans to set up an international subsidiary to centralize management of sales and production outside China.  The new company, Fuyao Glass International Holdings Co., will have registered capital of up to 3 billion yuan ($446 million). 
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  Bosch plans Nanjing plant to build latest regenerative braking system
Automotive News China | 2017/8/4

Robert Bosch broke ground on a 779 million yuan (100 million euro) plant in the east China city of Nanjing this week to produce a new regenerative braking system for energy-saving vehicles.  The factory, scheduled to start production in 2019, will build Bosch¡¯s second-generation regenerative braking system, dubbed iBooster. 
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  New CEO of LeEco's listed arm vows to dismantle founder's vision
Bloomberg | 2017/8/1

The new chief of troubled LeEco's listed arm promised to scrap any businesses that don't align with a renewed focus on TVs and media, unraveling the costly overseas and local ventures championed by founder Jia Yueting that have exacerbated a cash squeeze. Jia is now devoting his time to Faraday Future, the U.S.-based startup he personally backs that's trying to raise funds to bring the FF 91 electric car to market.
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Visteon 2nd-quarter sales gains in China offset U.S. slowdown
Automotive News | 2017/8/1

Visteon Corp.'s sales in China, the company's most profitable region, rose 38 percent year on year to $83 million (547 million yuan) from April through June.  The company¡¯s China profits propped up its global profits in the second quarter, which surged 73 percent to $45 million largely because of various one-time events. 

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  China, U.S. clash over excess steel capacity
Reuters | 2017/7/25

China, seeking a more positive spin on recent U.S.-China economic talks that were viewed as ending in discord, said the two sides agreed to "active and effective measures" to reduce excess steel production capacity.
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  Valeo's sales surge in first half
Automotive News China | 2017/7/25

French supplier Valeo SA's sales to auto manufacturers in China topped 1.1 billion euros (8.5 billion yuan) in the first six months of the year, an increase of 24 percent from a year earlier.  The company said it enjoyed strong sales to Chinese automakers, which represented 39 percent of Valeo¡¯s orders in the country. 
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  Baidu taps Microsoft to design self-driving cars
Automotive News | 2017/7/21

Baidu Inc. is relying on Microsoft to extend its self-driving car ambitions outside of China.  The two companies first said they would work together to develop Apollo, Baidu's open-source autonomous vehicle platform. Under new details released from Baidu, Microsoft will now provide data storage, security and artificial intelligence services to the project.
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  Faurecia buys stake in Chinese infotainment supplier
Reuters | 2017/7/21

French interiors supplier Faurecia is acquiring a majority stake in Chinese in-car entertainment and technology company Jiangxi Coagent Electronics for 1.45 billion yuan ($210 million). "This acquisition marks another important step in the development of our technology offer for the cockpit of the future," Faurecia CEO Patrick Koller said.
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Time for Beijing to postpone EV quotas

Dongfeng and Geely: Fiat Chrysler is not a target

Geely's first-half profit soars on robust demand for new models

Dongfeng-PSA slump drags on

Future Mobility raises 1.33 billion yuan from Suning, others

Exports continue advance on emerging-market demand

SAIC-VW to build engines for plug-in hybrid crossovers

Great Wall to attend Frankfurt auto show

Fiat Chrysler attracts Chinese suitors, sources say

Vehicle sales rise 4.3% on crossover demand

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