China's automotive market will see a year-on-year decline in sales of 3 percent this year, the first of negative growth in 28 years, and sales will be flat next year, officials from the country's leading industry association predicted on Thursday.
YOKOHAMA, JAPAN - Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn's use of an internal "CEO Reserve" fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two sources with knowledge of the inquiry told Reuters.
The JAC Volkswagen joint venture started construction of its research and development center for new energy passenger vehicles last Monday - focusing on electrification, connectivity, autonomous driving and other future technologies - in a push to help shape the future development of e-mobility.
BMW Group launched its ReachNow online ride-hailing service program on Friday in Chengdu, in the southwestern province of Sichuan - as part of the German luxury auto giant's efforts to usher in the future of shared mobility in China.
Volkswagen is revving up its new energy vehicle campaign in China, in a bid to become the top choice for customers in the era of e-mobility, as it is in the age of conventionally powered vehicles.
The fourth Exposition for Investment and Trade of Advanced Equipment Manufacturing on the West Bank of the Pearl River - also known as the 4th AEME - will take place from Monday to Wednesday in Foshan, southern Guangdong province, to boost the region's industrial upgrade and transformation.
Foshan, one of the traditional manufacturing hubs in China, is enjoying a particularly strong performance in advanced equipment manufacturing, and has thus become a key player in supporting China's industrial upgrade and transformation plans.
Chende Plastics Machinery, the first joint venture created by the Shunde government and Hong Kong's Chen Hsong Holdings in 1986, has played a significant role in supporting the development of Foshan's advanced manufacturing industry.
China is expected to play an increasingly important role in the global community as it continues to open up its economy and develop new connections with foreign nations and regions - especially those involved in the Belt and Road Initiative, according to speakers at the Imperial Springs International Forum.
Former world leaders, renowned scholars and business elites from around the world on Monday called for win-win cooperation to build a shared future at an international meeting in Guangdong.
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