com Inc, China's second-largest e-commerce player, announced partnerships with Chinese auto makers SAIC Maxus and Dongfeng Motor Corporation to conduct research on the country's first automatic vans.
Auto ownership also accounts for a big part of household wealth, but only 2% have bought new energy cars despite governmental stimulus programs.
While still under discussion, a draft of the rules — seen by several auto industry leaders at this month's Shanghai Auto show — would require as much as 8 per cent of their sales in China to be electric vehicles as early as next year.
, "Congestion and pollution issues might have a negative effect [on growth in China's largest cities], but [smaller cities] still have a lot of potential," says Ray Bierzynski, executive vice-president of General Motor's joint venture with SAIC Motor and Wuling Auto in Guangxi province.
Domestic Chinese brands accounted for 1 per cent of car recalls in China last year, a tiny proportion that potentially signals under-reporting of quality and safety issues by the country's auto industry.
Auto trading companies will no longer need to gain authorization from automobile brand owners to sell vehicles from July, according to new measures unveiled by the Ministry of Commerce (MOC).
At the Shanghai Auto Show yesterday, Baidu revealed its Apollo project, which it said was an "open, complete and reliable software platform for its partners in the automotive and autonomous driving industry to develop their own autonomous driving systems".
In contrast, auto maker Ford Motor Co.
It represents something of a conclusion to an aggressive crackdown by federal law enforcement on a cottage industry of auto export companies that used middlemen and "straw buyers" to buy luxury cars from dealerships in the United States and quickly resell them for big profits in China.
At this month's Consumer Electronics Show and Detroit Auto Show, it was clear that driverless technology has graduated from the experimental: carmakers are now racing to bring this technology to the roads.
04 per dollar and the country's stock index fell on Wednesday, after US President-elect Donald Trump warned US auto companies would face a high tax for products made south of the border.
com, the largest portal for news and information about the Chinese auto industry.
They come mostly from 50 different industries including food and beverage, automobiles and auto components, media, retail, energy and the Internet.
Still, Shanghai's dismal failure to popularize electric vehicles, despite a national auto policy to go electric--and generous subsidies for consumers--speaks to the immense challenges that China's leaders face in rolling out an ambitious program of economic overhauls approved at a Communist Party meeting this month.
There's a technology revolution in the auto business, and it involves more than streaming radio apps and voice-activated Facebook updates.
It is the latest in a string of penalties against non-Chinese auto brands under the country's antimonopoly law.
A spokesman for his auto division referred questions to Faraday.
US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted," it said.
" Mr Li is also among a growing contingent of Chinese executives and policy makers who say the 50 per cent shareholder limit is preventing the Chinese auto industry from moving up the value chain and launching globally competitive marques.
Warren Buffett, whose company Berkshire Hathaway owns the auto insurers Geico, says that anything that sharply reduces traffic accidents would be wonderful.
