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Tencent unveils voice-operated WeChat with Chinese carmaker Changan as battle for smart vehicles intensify

Tencent Holdings unveiled a voice-operated version of its popular WeChat social app for use in vehicles in partnership with Chinese carmaker Changan Automobile, as tech companies extend their fight for consumer attention to the car.Changan Automobile will roll out an interactive version of WeChat on some of its models including the CS75 Plus, the two companies announced on Monday at the Smart China Expo in Chongqing. The function will allow drivers to give voice commands or use a button on the… Source link

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Vietnam 

Carmaker to export equipment, trailers to North America – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Trailers are manufactured at Truong Hai Automobile Company in Quảng Nam Province. VNS Photo Công Thành QUẢNG NAM  — The Trường Hải Automobile Company (Thaco) has signed an agreement with CEMEX, a Mexican multinational building material firm, and Green Trailer & Equipment Corp, a Texas-based sales company in  the Over-The-Road trailer industry, to manufacture and export ready-mix-concrete equipment and semi-trailers to North America. A representative of the automobile maker in Quảng Nam Province said the first shipment of the ready-mix-concrete containers and semi-trailers (which will be installed on trucks) will be delivered to Mexico and North America next…

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Fiat Chrysler eyes US$40 billion merger with Renault to create world’s third biggest carmaker

Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third biggest carmaker, worth US$40 billion, and combine forces in the race to make electric and autonomous vehicles.The merged company would reshape the global industry: it would produce some 8.7 million vehicles a year, leapfrogging General Motors and trailing only Volkswagen and Toyota.Shares of both companies jumped on the news of the offer, which would see each side’s shareholders split ownership in the… Source link

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Chinese electric carmaker Xpeng the latest to jump into ride-hailing despite ongoing losses at market leader Didi

Chinese electric vehicle start-up Xpeng Motors is making a foray into the country’s ride-hailing market, a move that will intensify competition in a business that has yet to deliver profits for industry giants Didi Chuxing and Uber.Alibaba-backed Xpeng, which received a ride-hailing operation licence from Guangzhou authorities on Monday, could start trial services as early as this month, according to people familiar with the matter.“It will be an important component to Xpeng’s ecosystem, with… Source link

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Japanese carmaker Nissan’s China growth strategy will remain unchanged in post-Carlos Ghosn era

Nissan Motor expects China’s car market to recover in the second half, as the Japanese carmaker moves on from the scandal surrounding former chairman Carlos Ghosn.Makoto Uchida, senior vice-president of Nissan, said Beijing’s efforts to support the industry, such as subsidies and tax incentives, would effectively result in a turnaround.Uchida said Nissan will not change its China strategy despite the Ghosn distraction and plans to leverage its research and development capability in the country… Source link

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Vietnam 

Toyota, An Phát Holdings Group seek to increase local sourcing by the carmaker – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A plastic auto parts production line at the Hà Nội Plastic Company. VNS Photo HÀ NỘI — Toyota Việt Nam and An Phát Holdings Group are striving to increase the rate of use of local plastic parts by the carmaker by half to 45 per cent. This information was released during a working visit by Toyota Việt Nam general director Toru Kinoshita to the Hà Nội Plastic Company (HPC), a subsidiary of An Phát, in Hà Nội on Thursday. The visit came as part of a Toyota programme…

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Electric carmaker Faraday Future seeks US$40 million for Nevada land as production plans unravel

Embattled Chinese electric carmaker Faraday Future (FF) is selling a 900-acre plot of land in North Las Vegas, Nevada for US$40 million, an advertisement posted on the company’s WeChat social media account showed.“The parcel is partially improved, and 700 acres have been fully graded for industry use. The sale is the result of the ongoing optimisation of business strategies at FF,” the post said on Thursday afternoon.The company added that this was a tough decision and that the move was a… Source link

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Property 

Evergrande Health pays US$930 million to buy control of carmaker in its foray into mass production of electric vehicles in China

Evergrande Group, China’s third-largest property developer by sales, has bought control of a producer of electric vehicles in the country, bolstering its founder’s ambition to diversify from real estate into the emerging industry of next-generation automobiles. The developer will use its subsidiary Evergrande Health Industry Group to pay US$930 million for 51 per cent of National Electric Vehicle Sweden (NEVS), according to a statement to the Hong Kong stock exchange, where it is listed. Evergrande Health has paid first instalment of US$430 million on Tuesday, while the remainder of the…

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Has Geely cut its holding in Daimler? The Chinese carmaker says ‘no’

Geely Auto Group, one of China’s most successful carmakers, said its holding in Daimler remained unchanged, refuting a Bloomberg report that said it had cut its 9.7 per cent stake in the German carmaker by more than half. “As a long term investor, Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged,” the company said in a statement on Friday. The statement came after Bloomberg said Geely, controlled by Chinese billionaire Li Shufu, had sold a 5.4 per cent stake of the German company. Geely, which…

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Investment 

Chinese carmaker Geely’s shares plunge 11.6pc after annual sales fall short of target, warns of dismal year ahead

Shares of Geely Automobile Holdings slumped 11.6 per cent on Tuesday after the mainland carmaker missed its sales target for 2018 and forecast flat sales for this year amid a bleak market outlook. The Hong Kong-listed unit of Geely Auto Group controlled by Chinese billionaire Li Shufu said in a filing to the stock exchange on Monday evening that it had achieved 95 per cent of the targeted sales of 1.58 million units in 2018, following a 44 per cent year on year sales drop in December alone. Tesla to…

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