Volkswagen, a German automaker, announced on May 14 that it is building two plants in China to produce a total of 600,000 vehicles running on MEB, its modular car platform for electric vehicles.
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, 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.
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 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.
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.