They may not have the glamor or the speed of Tesla, but China’s little-known low-speed electric vehicles easily outnumber the hyped US electric car.
Europe’s car industry is still stuck in reverse gear and the European market is predicted to contract for its sixth consecutive year. So why would China’s Dongfeng be interested in investing in loss-making French carmaker Peugeot? (continue reading…)
Dongfeng, China’s second biggest carmaker, may be mulling a stake in troubled French car firm PSA Peugeot Citroen, according to a Chinese state-backed newspaper.
Stranger things have happened of course and there’s no denying that Chinese has eyes on the western car industry, particularly those OEMs with prestigious brands that have fallen on hard times.
For once, a Chinese company plans an IPO with an old-fashioned business model that any investor can understand — auto rentals. (continue reading…)
Could electric vehicles help recharge China’s sluggish car market? BYD hopes so as it announces Denza, the new marque for electric vehicles produced by its 50:50 JV with Germany’s Mercedes-Benz.
BYD is making a lot of noise about its electric vehicles and clearly hopes a prestigious western partner will win Chinese buyers over to EVs.