Joint Venture Archives

Tencent Says Joint Venture With China Unicom Important to Set Up

On November 16, at its third quarter performance meeting, a senior executive of Chinese Internet giant Tencent responded to questions related to the establishment of a joint venture with China Unicom, a Chinese state-owned telecommunications operator.

GAC Group and Stellantis JV Bankruptcy Triggers Dealers’ Rights Protection Campaign

The bankruptcy of GAC-FCA, a joint venture established by Netherlands-based automaker Stellantis and China's GAC Group, in late October triggered a dealers' rights protection campaign.

Mercedes-Benz’s China JV to Recall 11,400 EVs

Beijing Benz, a joint venture between Mercedes-Benz and Chinese automaker BAIC Motor, filed a recall plan on October 28. The move expands a recall plan for certain EQA, EQB and EQC electric vehicle models released on February 18, 2022.

Denza’s New Concept Car to Debut August 26

Denza, a joint venture between BYD and Daimler AG, announced that a new concept car will be unveiled at the Chengdu Motor Show on August 26.

NIO Withdraws From Joint Venture With GAC Group

On August 23, HYCAN Automotive Technology Co., Ltd. made a change to its registration with China's State Administration for Industry and Commerce, showing that NIO has withdrawn from the list of shareholders.

CATL Forms New Energy Vehicle JV with FAW Jiefang

Chinese battery giant CATL and FAW Jiefang, the commercial vehicle division of FAW Group, formed a joint venture on August 18 aimed at exploring the new energy commercial vehicle market.

Game Engine Developer Unity Forms New JV for China

Game engine developer Unity announced on August 9 that it has entered into an agreement with leading partners to form a new regional joint venture called Unity China.

Pony.ai and SANY Heavy Truck Set Up Joint Venture

Autonomous driving technology company Pony.ai announced a strategic joint venture on July 28 with SANY Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer SANY Heavy Industry.

Sunwoda Subsidiary Establishes Power Battery Joint Venture

Power battery manufacturer Sunwoda announced on June 17 that its subsidiary Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB), jointly invested with other two vehicle makers, is setting up a joint venture company.

Alibaba Cloud, Saudi Telecom Company and EWTP Arabia Capital Form Joint Venture

Saudi Telecom Company (STC), the largest mobile operator in the Middle East, announced on Sunday that it has established a cloud computing joint venture with Alibaba Cloud and EWTP Arabia Capital in Saudi Arabia.

BYD and Daimler’s JV to Launch Luxury MPV Denza D9 on May 16

Denza, a joint venture between Chinese automaker BYD and German high-end automaker Daimler AG, announced on Wednesday that it will unveil its first luxury MPV, the Denza D9, on May 16.

Hyundai Motor and Beijing BAIC Motor to Increase Joint Venture Investment in China

Leading South Korean carmaker Hyundai Motor Co. and China's Beijing BAIC Motor will inject 1 trillion Korean won ($823 million) into their joint venture to reverse the decline in the Chinese market through electric vehicles.

BYD Establishes Automobile Sales and Services Company Under Denza

Chinese automobile manufacturer BYD has recently increased its foreign investment. The new invested enterprise is named Denza Automobile Sales and Service Co., Ltd., with an investment ratio of 100%.

BYD, FAW, Establish Joint Venture with Registered Capital of $157 Million

According to Chinese enterprise data platform Qichacha, FAW Fudi New Energy Technology Co., Ltd. was established on January 15th with a registered capital of 1 billion yuan ($157 million).

Lifan Technology and Geely Auto Group Set Up Joint Venture Firm

Lifan Technology announced at the Shanghai Stock Exchange on Monday night that it plans to set up a joint venture with Geely Auto Group in the Liangjiang New Area in Chongqing.

Chipmaker SMIC to Invest $3.655 Billion in Establishment of Joint Venture in Shanghai

SMIC announced at the Hong Kong Stock Exchange on Friday that SMIC Holdings, National Integrated Circuit Industry Investment Fund Phase II and an investment institution have agreed to set up a joint venture (JV) in Shanghai.

China VC Weekly: Groceries, Resale and Plant-Based Meat

In last week’s China VC news: online grocery platform Dingdong Maicai bags a new tranche in its Series D round, bringing total financing amassed in the round to $1 billion; California-based biopharma firm Kinnate starts a joint venture to expand in China; luxury resale platform GoShare2 rakes in “tens of millions of US dollars” in Series C financing; and plant-based ground pork brand Zrou owner raised $7.3 million in a Series A round of financing.

Arm’s Joint Venture with China: Best News Since ZTE Ban

Since the start of the China-U.S. trade war, the United States has repeatedly attacked China’s weaknesses, letting more and more Chinese realize the importance of China-made chips. On May 1, Arm Holdings, a British multinational semiconductor and software design company owned by the Japanese SoftBank Group, announced an Arm joint venture in China.

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