Magna, Forvia and Aptiv have had early success in winning new business with Chinese automakers overseas. The prospect of speed is often the key to closing a deal.
EVs, hybrids and range-extended EVs accounted for 53% of overall new-vehicle deliveries in the first several weeks of May, the China Passenger Car Association said.
The Swiss company's purchase of Chengdu FAW-Sichuan Interior Parts Co. gives it access to Chinese vehicle manufacturers.
Lexus’ direct sales stand in contrast to sales of certified used vehicles at other luxury brands, which are handled by franchised dealerships.
Mazda Motor Corp.’s China joint venture will adopt CATL’s cell-to-chassis integration technology to speed up the development of electrified vehicles.
The move is a blow to GM’s efforts to restructure its Chinese operations and restore profits in part by targeting sales of higher-priced models.
The China Automobile Dealers Association said the lackluster used-vehicle market is being undermined by steep price cuts by automakers on new electrified vehicles.
April shipments of sedans, crossovers, SUVs, multipurpose vehicles and minibuses advanced 11 percent to 2.22 million, the China Association of Automobile Manufacturers said.
The giant supplier is transferring 24 additional steel grades to Valin ArcelorMittal Automotive Steel, its 50-50 partnership with China's Hunan Iron & Steel.
The German supplier prepares to launch output of 2 important components in China.