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.
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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.