Category: China

Stellantis to acquire 20% stake in Leapmotor with €1.5 billion investment, to form JV for international markets

Stellantis will form a joint venture with Leapmotor, Leapmotor International, which will begin export operations in the second half of 2024.

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BYD showcases 5 models at Tokyo auto show, Yangwang U8 makes overseas debut

BYD has become the first Chinese automaker to participate in the Tokyo auto show, with the ultra-luxury Yangwang U8 making its overseas debut and demonstrating its tank turn feature.

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Chinese autonomous driving startup Pony confirms $100 million investment from Saudi Arabia

Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.

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Canalys expects China’s auto exports to reach 5.4 million in 2023, NEVs to contribute 40%

MG, Tesla, and BYD were the brands that exported the most NEVs from China in the first half of the year, contributing 25.3 percent, 22 percent, and 15.4 percent, respectively.

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