joint venture

GAC to Acquire FAW Joint-Venture Assets via Share Issue; FAW to Become Second-Largest Shareholder

On September 14, 2026, GAC Group announced that it had signed a letter of intent with China FAW to acquire, by issuing shares, part of FAW's equity in an automobile manufacturing joint venture, while concurrently raising supporting funds. After the transaction is completed, FAW is expected to become GAC's second-largest shareholder, GAC's control will remain unchanged, and the transaction will constitute a major asset restructuring and a related-party transaction. GAC A-shares have been suspended from September 14, expected for no more than 10 trading days; before the suspension, they were quoted at RMB 5.09, down 37.85% year-to-date. The target's name has not yet been disclosed, and market speculation points to FAW Toyota.

49512 hours ago

VW China Self-Developed L2++ ADAS to Launch This Year, Horizon Robotics Chips Power Smart Driving Democratization

Volkswagen Group China, through its intelligent driving capability center CARIZON, has launched its first-generation self-developed full-scenario driving assistance (L2++ ADAS) product HS8. Starting Q3 2026, it will be equipped on 7 new models across three joint ventures. The system uses Horizon Robotics Journey 6 series chips, offering both pure vision and lidar-equipped variants, marking VW's strategic shift from supplier dependency to full-stack self-development in China.

33223 days ago

Buick Zhijing OS V2.1 Full OTA Rollout Adds AES Automatic Emergency Steering

Buick announced the full-scene OTA rollout of Zhijing OS V2.1 for its premium NEV sub-brand Zhijing, covering all Zhijing Shijia, L7, and E7 models and trim levels. The upgrade brings 29 enhancements across human-machine interaction, trip planning, intelligent parking, and assisted driving, starting delivery in August.

32525 days ago

VW ID.ERA 8X Interior Revealed: German Driving-Focused EREV SUV Debuts at Chengdu Show

On August 19, 2026, SAIC Volkswagen officially released interior images of the ID.ERA 8X. Positioned as a mid-to-large five-seat EREV SUV with dimensions of 5020×1997×1750mm and a 2970mm wheelbase, the vehicle features a 15.6-inch 2.5K dual-screen center console, instrument magic screen, and Smart surface door panel displays. Power comes from a 1.5T VTG range-extender system, with the official debut scheduled for the August 21 Chengdu Auto Show.

51827 days ago

Chinese Automakers' European Factory Map Takes Shape: Four Localization Pathways

Chinese automakers are accelerating local production in Europe through four pathways: greenfield investment, controlled European assets, joint ventures, and contract manufacturing. Their footprint now spans Hungary, Sweden, Belgium, the UK, Spain, Austria, and Slovakia. In H1 2026, Chinese brand registrations reached 792,000 units, capturing nearly 11% of the European market.

42529 days ago

SAIC-GM Renews for 20 Years: JV 2.0 Era Begins with 30 NEV Rollout Plan

SAIC Motor and General Motors officially signed a 20-year strategic renewal on August 5, 2026, extending their joint venture to 2047. SAIC-GM plans to launch 30 new energy vehicles by 2030. In H1 2026, NEV sales reached nearly 50,000 units, up 81% year-on-year, with a 20% penetration rate ranking first among mainstream joint ventures.

36939 days ago

Dongfeng Nissan Unveils N-Series Second SUV NX7 with Sporty Design for Young Buyers

Dongfeng Nissan officially released teaser images for its N-series second SUV model, the NX7, on August 5, 2026. Targeted at younger buyers with a sporty design language, the model is expected to offer both extended-range and pure-electric powertrain variants, serving as a critical product in Dongfeng Nissan's accelerated NEV localization efforts.

46939 days ago

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.

60540 days 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.

33640 days 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.

38254 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.

37065 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.

54065 days ago