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Yilei Sun

China car sales drop at steepest pace in almost seven years

11 Dec 2018

BEIJING/SHANGHAI China's automobile sales fell about 14 percent in November from a year earlier, the country's top auto industry association said, marking the steepest such drop in nearly seven years in the world's largest auto market.

Exclusive: Tesla, smarting from trade war, seeks bids for China Gigafactory construction

06 Dec 2018

SHANGHAI Tesla Inc has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent.

In China's hinterland, car market growth engine sputters

26 Nov 2018

PINGDINGSHAN, China When Cao Jun, 40, an engineer from the central Chinese city of Pingdingshan, takes his old, grey MG 3 car to be serviced he always steals a few moments to pop into the Nissan and Honda dealerships next door.

U.S. chipmaker Nvidia to provide AI platform for Chinese EV start-ups

21 Nov 2018

BEIJING U.S. chipmaker Nvidia Corp has signed separate deals with Chinese electric vehicle startups XPeng Motors, Singulato Motors and SF Motors to develop autonomous driving technology, Chief Executive Jensen Huang said on Wednesday.

How Hyundai Motor, once a rising star, lost its shine

05 Nov 2018

SEOUL/DETROIT/CHONGQING, China At a near-empty Hyundai Motor showroom in the Chinese mega city of Chongqing, the store manager is grumbling about his shortage of customers and a lack of bigger, cheaper SUV models popular in the world's largest auto market.

Honda and GAC Group to build $430 million Chinese plant for new-energy cars

31 Oct 2018

BEIJING Honda Motor Co's joint venture with GAC Group will invest 3.27 billion yuan (368 million pounds) in new-energy vehicle production in China, GAC said in a stock exchange filing on Wednesday.

UPDATE 1-Great Wall Motor posts record sales drop as China car market stalls

26 Oct 2018

BEIJING/SHANGHAI, Oct 26 Chinese carmaker Great Wall Motor Co Ltd reported a record quarterly sales drop and tumbling profit on Friday, amid a sharp slowdown in the world's largest auto market that has spooked automakers and dealers alike.

One trillion yuan: China state carmaker FAW gains huge credit line

25 Oct 2018

BEIJING/SHANGHAI China's state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth more than 1 trillion yuan ($144 billion), an eye-catching amount analysts said was mostly symbolic, albeit an important signal of government support.

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