BEIJING -- German industrial company Siemens and state-owned Chinese automaker Beijing Automotive Industry Holding will form a joint venture to produce motors and inverters for hybrid and full-electric vehicles.
BEIJING -- German industrial company Siemens and state-owned Chinese automaker Beijing Automotive Industry Holding will form a joint venture to produce motors and inverters for hybrid and full-electric vehicles.
Despite discounts by brands such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.