Hino Motors, Ltd. will be slashing its stake in GAC Hino, a joint venture between Hino and China's Guangzhou Automobile Group Co., Ltd., Nikkei reported on Thursday.
According to the media outlet, Hino will drastically cut its stake from its current 50% to only 4.83%.
Hino has reportedly shown concerns...
Tesla Inc.'s deliveries in China in the month of June amounted to 93,680 units, according to preliminary data released by the China Passenger Car Association (CPCA) on Tuesday.
Tesla took second place in deliveries in China and was beaten by BYD Co. Ltd., with the latter's deliveries standing at...
Stellantis NV announced Monday that it is terminating its joint venture with Chinese carmaker GAC "due to a lack of progress."
"Stellantis intends to cooperate with GAC Group in an orderly termination of the joint venture formed in March 2010, which has been loss-making in recent years, and will...
Stellantis NV announced on Thursday it is planning to expand its shareholding in the joint venture it created with Guangzhou Automobile Group Co., Ltd. (GAC) from 50% to 75%.
"The announcement is a key element of Stellantis' plan to set a new basis for its business in China. GAC Group and Stellantis...
Didi Chuxing Technology Co. announced on Monday that its self-driving technology arm DiDi Autonomous Driving has partnered with Guangzhou Automobile Group's (GAC) subsidiary GAC Aion New Energy Automobile to speed up the development and mass-production of fully self-driving electric...
Uber's partner and rival Didi Chuxing Technology Co. convinced Toyota Motor Corp. to join its pool of investors. China's ride-hailing giant also agreed to establish a joint venture which is set to include GAC Toyota Motor Co. Ltd. or GTMC as well with the aim to develop vehicle-related services for drivers...
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