Classification: JV UPDATE
FAW-Audi Sales Co. receives approval from Chinese market regulator SAMR [2019-06-20]

BEIJING – FAW-Audi Sales Co., one of the two new entities Audi and Chinese partner FAW Group plan to form in China, has received approval from the State Administration of Market Regulation (SAMR).

Geely Auto and LG Chem ink deal to establish $188 million battery JV in China [2019-06-14]

NINGBO, Zhejiang – Shanghai Maple Guorun, an indirect 99 percent owned subsidiary of Geely Automobile Holdings, the listed arm of Geely Auto, signed a deal with South Korea’

The9 to bring production of FF 91 at JV with Faraday Future to Hohhot after MOU signing [2019-06-14]

SHANGHAI – Chinese internet company The9 Ltd., which has a joint venture with California-based smart EV startup Faraday Future (FF), signed a non-binding Memorandum of Understanding on Strategic Cooperation with the Development Office of the Hohhot Shaerqin Industrial Zone on June 10, paving the way for the JV to bring production of the FF 91 smart EV in the Hohhot Shaerqin Industrial Zone.

SEAT signs new agreement to strengthen China entry strategy, Volkswagen to set up Smart City project in Hefei [2019-05-28]

MARTORELL, Spain – The return of SEAT to the Chinese market took another major step on May 27 when the Spanish brand, Volkswagen Group China and JAC signed an agreement that enables further progress in its market entry planned in 2-3 years.

Dongfeng-Honda completes construction of third plant in Wuhan, capacity increases to 600,000 units [2019-04-23]

WUHAN – Dongfeng Honda Automobile Co., Ltd. held an opening ceremony here on April 12 to commemorate the completion of construction of its third automobile plan.

BAIC Motor and Daimler to inject nearly $900 million into Beijing-Benz as EQC nears SOP [2019-04-02]

BEIJING – BAIC Motor, the Hong Kong-listed subsidiary of BAIC Group, said in a statement on March 26 that it and partner Daimler AG will inject $892.

Smart move? Geely and Daimler create 50:50 JV to recreate smart [2019-03-29]

HANGZHOU – Rumors eventually become reality, and for Geely Holding Group and Daimler AG, it’

Coming home? Faraday Future signs new JV agreement with The9 Limited to bring smart EV production to China [2019-04-18]

LOS ANGELES – After deciding to sell its 900-acre parcel located in North Las Vegas, Nevada and its headquarters in Los Angeles to optimize its business and reduce non-core assets in early March, Faraday Future (FF), announced on March 24 that it has signed a joint venture agreement with The9 Limited (The9), an established China-based Internet company, to manufacture, market, distribute and sell luxury intelligent electric vehicles in China.

Volkswagen Brand China and FAW-Volkswagen establish ¥1 billion JV for connected services [2019-03-21]

CHENGDU – Volkswagen Brand China said in a statement on March 19 that it and its Chinese joint venture FAW-Volkswagen have created a new joint venture to scale up their cooperation in the area of digitalization and connectivity.

Mazda acquires Ford stake in China engine JV [2019-01-31]

NANJING – Mazda said in a statement on January 30 that it has purchased in full Ford Motor Co.’

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