General Motors and SAIC Motor Corp file joint anti-monopoly complaint against Tencent

On Tuesday, Chinese smart vehicle supplier Shanghai PATEO stated along with General Motors Co’s local venture with SAIC Motor Corp it has filed a joint complaint against Chinese tech giant Tencent to China’s market regulator. In a statement, PATEO said Tencent abused its dominant messaging app’s market position to restrict sales of its products which…

Chinese electric vehicle startup Great Wall Motor to launch new brand targeting premium segment

According to sources familiar with the matter at hand, Chinese electric vehicle startup Great Wall Motor plans on launching a new standalone brand for electric and smart vehicles in China, as it tries to pursue growth in this burgeoning segment. Inspired by U.S. technology and auto giant Tesla Inc, several Chinese automakers have announced plans…

Toyota Motor Corp-Panasonic Corp joint venture builds lithium-ion battery production line in Japan

On Tuesday, in a statement Toyota Motor Corp said, it will collaborate with Panasonic Corp to create a joint venture for producing batteries in Japan. To this end, the duo will establish a production line in Western Japan which will manufacture lithium-ion batteries for hybrid vehicles starting from 2022. The production line will have a…

Chinese auto market 2020 is moderately positive: Daimler-BAIC’s CEO

On Wednesday, the CEO of Daimler-BAIC’s joint venture’s stated, he views the Chinese auto market in 2020 as “moderately positive”; his assessment is based on its April sales performance in China. Daimler-BAIC’s CEO Arno van der Merwe made the comments during a visit to the Beijing Benz Automotive Co’s plant. He did not comment on…

Lessor BBAM adds 3 Boeing 737-800 freighters to service air cargo market

On Tuesday, Boeing Co stated, BBAM, a lessor, had ordered three 737-800 converted freighters to service the growing e-commerce market and the express sectors of the air cargo market. The planes, which will be converted, will come from BBAM’s existing fleet. “This agreement shows how we can serve our customers by delivering efficient and reliable…

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China’s Geely and Mercedes Benz launch $780M joint venture to produce EV under same brand

On Wednesday, Mercedes-Benz and Zhejiang Geely Holding Group Co Ltd stated, they would each invest $388.77 million (2.7 billion yuan) in a China-based venture to build “premium and intelligent electrified” vehicles under the smart brand. The 50:50 joint venture has already got regulatory approval and will be based in the Chinese coastal city of Ningbo,…