Ford Establishes Stand-alone China Business Unit
Ford Motor Company, American multinational automaker based in Michigan, announced On Oct. 23 that it has established an independent China Business Unit that reports directly to the headquarters.
Byton and Bosch Sign Strategic Cooperation Agreement on Powertrains and Braking Systems
Byton, a premium smart electric vehicle startup, and supplier Bosch Group signed a strategic cooperation agreement in Germany on Sept. 24. The agreement focuses on powertrain technology, braking, and driver assistance systems.
Alibaba Announces Smart Mobility Initiatives with Automakers
On Sept. 20, Alibaba announced during the Computing Conference in Hangzhou a series of smart mobility initiatives in collaboration with automakers and technology service providers, namely Bosch, Volvo Cars and Ford.
Daimler to Become the First Foreign Automaker to Test Self-Driving Cars in Beijing
Daimler AG became the first international automaker to receive a road test license for Level 4 highly automated driving on the roads of the Chinese capital of Beijing.
EV Startup Byton Raises $500 Million in Series B
Byton’s global headquarters officially opened in Nanjing on June 11, and announced the successful completion of their Series B round financing of up to $500 million on the same day.