China’s empty boardroom in Washington, and its crowded auto market at home
"The Chinese government has always been very slow in forcing substantial changes by way of mergers, acquisitions, or closure of enterprises." — on the historical hesitance of Chinese authorities to…
Two auto giants hitch wagons to combat harsh industry winter
GAC plans to issue new shares in exchange for an equity stake in a vehicle joint venture held by FAW, though detailed transaction specifics have yet to be disclosed Key…
Senasic sheds ‘Mom-and-pop chip shop’ roots with Hong Kong IPO
The maker of automotive sensors could be valued at $500 million or more, a decade after its founding by two engineers with just 1 million yuan in registered capital Key…
Autohome deflated by plunging ad sales, car price wars
The car-trading services provider reported a fourth consecutive quarter of revenue decline in the second quarter, as its gross margin plunged more than 10 percentage points Key Takeaways: Autohome’s revenue…
BRIEF: GAC-Stellantis joint venture officially declared bankrupt
Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) and Stellantis (STLA.US), the world’s fourth-largest automaker, on Tuesday said court overseeing the liquidation of their joint venture, GAC Fiat Chrysler Automobiles Co.…
CH-Auto Challenges Li Auto, Nio, Xpeng with U.S. SPAC Listing
Former car designer has jumped on China’s electric vehicle bandwagon, aiming to tap a market that accounts for more than half of global EV sales Key takeaways: CH-Auto has announced…
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