Norihiko Shirouzu

Daimler turns down China’s Geely offer to buy stake; Geely still hopeful

A stake of that size would be worth $4.5 billion at current market prices.


BMW eyes China joint venture with Great Wall Motor

This will be BMW’s second JV in China. It has a joint venture with local carmaker Brilliance China Automotive Holdings.


Renault-Nissan to set up new China JV with Dongfeng Motor for electric cars

New JV will be owned 25% each by Nissan and Renault and 50% by Dongfeng.


China’s Dongfeng Motor rules out plans to acquire Fiat Chrysler

Geely Automobile Holdings Ltd too said on Wednesday it was not planning a bid for FCA.


China e-car newcomer Future Mobility raises $200m from Suning, others

Most of the money will be used for product development.


China: Internet giants Tencent, Baidu inject $1b in auto portal Bitauto

It is the latest in a series of investments Bitauto has raised from three of China’s biggest technology companies.


Of dozens green car startups in China, only 2-3 will be around in five years, Nio chairman

“A car business is the world’s toughest business to start.”


China’s Geely to bid for ailing Malaysian car maker Proton

Other potential bidders include Peugeot maker PSA , Suzuki and Renault SA.


China-backed electric vehicle startup Faraday throttles back US manufacturing plans

Faraday will build a much smaller auto assembly facility than originally planned in North Las Vegas.


Chinese electric car startup Singulato raises $600m in second fundraising round

Singulato’s fundraising follows an around $1 billion financing deal for another Chinese EV start-up WM Motor, again largely involving a municipal government. Other well-funded Chinese electric car start-ups include Future Mobility, LeEco’s LeSee, Next EV, Ch-Auto’s Qiantu Motor, and Changjiang Auto, as well as U.S.-based Chinese-funded start-ups Atieva and Faraday Future.