[Joint Venture] News & Updates

Wu Bing Appointed SAIC Volkswagen General Manager: Major Personnel Reshuffle at SAIC

In late July 2026, SAIC Group and its core divisions including Volkswagen, GM, Passenger Vehicle, and IM Motors simultaneously released personnel appointment and removal information, involving 27 executive positions and CEO changes at 4 vehicle companies. Wu Bing, former General Manager of SAIC Passenger Vehicle and CEO of Rising Auto, was appointed General Manager of SAIC Volkswagen, marking the largest personnel adjustment in SAIC Group in recent years.

4238 hours ago

New Wine in Old Bottles: The Next Chapter for China's Joint Venture Automakers

In her latest column, Gasgoo senior commentator Tina provides an in-depth analysis of the transformation challenges facing China's joint venture automakers. Using SAIC-GM's renewal to 2047 as a starting point, the article argues that JVs must shift from "local adaptation" to "China-defined products," requiring fundamental changes across five dimensions: product definition, R&D, technology integration, decision speed, and reverse exports.

15418 hours ago

Ford and Geely Form Spain Joint Venture, Multi-Energy Vehicles to Roll Off Line in 2028

Ford Motor Company and Geely Automobile Holdings have announced a manufacturing joint venture at Ford's Valencia plant in Spain, with Ford holding 66% and Geely 34%. The JV will produce Ford and Geely branded multi-energy passenger vehicles, with the first new models scheduled for 2028, marking a significant breakthrough for Chinese automotive brands in European localized manufacturing.

29314 days ago

Fuel Vehicle Prices Collapse: Some Models Sold at 40% Discount, Market Share Falls Below 40%

In June 2026, China's fuel passenger vehicle retail sales plunged 39% year-on-year, with conventional fuel vehicles' market share dropping to just 37.2%. Some joint venture brands offered discounts exceeding 30%, with certain models selling at 40% off original prices. Meanwhile, new energy vehicle penetration has exceeded 60% for three consecutive months.

31425 days ago

GAC Group Faces Over 4 Billion Yuan H1 Loss Despite Sales Growth

GAC Group expects a net loss of 4.06 to 4.57 billion yuan for H1 2026, contrasting with total sales of 773,100 units, up 2.35% year-over-year. NEVs account for over 60% of sales, while self-owned brands and exports both delivered strong growth. The sharp decline in joint venture sales remains the primary drag on overall profitability.

43326 days ago

Beijing Auto Show 2026: Joint-Venture NEV Offensive

The 2026 Beijing Auto Show became a stage for joint-venture brands' NEV counteroffensive. JETTA unveiled its first BEV sedan; Buick launched the Zhijing brand covering sedans, SUVs, and MPVs; the Chery-JLR Freelander brand debuted with Huawei ADS 5.0; and Mercedes showed the GLC EV with 700km+ range on the MB.EA platform.

35268 days ago

Stellantis & Dongfeng Form European JV: Voyah to Be Produced in France by 2028

Stellantis and Dongfeng Group announced a European joint venture with 51:49 stakes, responsible for Voyah brand sales in Europe and potential production at Stellantis' Rennes plant in France. This marks a leap from whole-vehicle export to localized production for Chinese automakers.

46272 days ago

Chery Forms Joint Venture with Japanese Firm, Key Step for EV Exports to Japan

Chery Automobile and Japanese automotive giant AUTOBACS have formed a joint venture to produce and sell pure electric vehicles in Japan. Headquartered in Singapore with Chery holding 26.91%, this marks another Chinese OEM entering the world's fourth-largest auto market through localized partnership after BYD. BYD sold 4,536 NEVs in Japan in 2025, while Zeekr and GAC Aion also plan summer 2026 entry.

35477 days ago

Joint Venture

Wu Bing Appointed SAIC Volkswagen General Manager: Major Personnel Reshuffle at SAIC

New Wine in Old Bottles: The Next Chapter for China's Joint Venture Automakers

Ford and Geely Form Spain Joint Venture, Multi-Energy Vehicles to Roll Off Line in 2028

Fuel Vehicle Prices Collapse: Some Models Sold at 40% Discount, Market Share Falls Below 40%

GAC Group Faces Over 4 Billion Yuan H1 Loss Despite Sales Growth

Beijing Auto Show 2026: Joint-Venture NEV Offensive

Stellantis & Dongfeng Form European JV: Voyah to Be Produced in France by 2028

Chery Forms Joint Venture with Japanese Firm, Key Step for EV Exports to Japan

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