Tag: #Borgward Auto

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Borgward Auto Owned by UCAR to Undergo Bankruptcy Proceedings

Borgward Auto, owned by Chinese travel and auto services firm UCAR, is to undergo bankruptcy proceedings, with a public announcement to be issued as soon as early July.

6/21/20213 min read

#automaker #Ucar

Auto

Xiaomi Auto May Acquire Borgward, Set Up Dual-Factory Model in Beijing and Wuhan

Xiaomi Auto may adopt a “dual factory” production model in Beijing and Wuhan. Sources said that the Beijing government is encouraging Xiaomi to acquire Borgward AG for production certification.

9/13/20212 min read

#Beijing #Wuhan