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Audi e-tron GT Launches in China with Starting Price of $140,000
2023-07-28 Car News / News
The Audi e-tron GT, an ultra-luxury electric coupe from Audi, Volkswagen's premium brand, has made its debut in China, capturing the attention of electric vehicle enthusiasts. With a starting price of RMB 999,800 ($140,000), the e-tron GT is set to redefine the electric car market in the region. Unveiling its…
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Nissan Revises China Sales Forecast, Explores Exporting Chinese-Made Cars
2023-07-28 Car News / News
According to Automotive News, Nissan is exploring the option of exporting vehicles from China to address its production capacity in the country. Nissan's CEO, Makoto Uchida, mentioned that the automaker has not finalized any export plan yet, nor have they identified a specific target market for the Chinese-made vehicles. However,…
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Volkswagen Group’s First Investment in China’s New Power Signals Role Reversal: From Technology to Market
2023-07-28 Trade News / News
Over the past 30 years, China has been a successful example of global auto giants exchanging technology for markets, but this scene was rewritten last night. Volkswagen made a strategic investment of 4.99% in Xpeng Motors. This is the first time that a multinational automobile company has formally invested in…
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Audi Collaborates with SAIC to Introduce New EV Models in Untapped Chinese Segments
2023-07-28 Car News / News
Volkswagen is fortifying its position in the Chinese auto market through strategic partnerships with Xpeng and SAIC, according to the German auto giant. In addition to the collaboration with Xpeng, Volkswagen's premium brand Audi has inked a strategic memorandum with SAIC Group, aiming to deepen their existing cooperation. The joint…
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BMW China Initiates Local R&D for Level 3 Autonomous Driving
2023-07-28 Car News / News
German premium carmaker BMW is intensifying its efforts to stay competitive in the advanced driver assistance systems field. The company announced its accelerated development of Level 3 (L3) autonomous driving features, with a global launch scheduled for late 2023 or early 2024. In response to the growing competition, BMW's China…
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Russia Launches Probe into Substandard Low-Priced Parallel-Import Cars
2023-07-27 Russia / Local News / News
The Russian Federal Customs Service has recently initiated a special action to crack down on the illegal trade of vehicles imported from Kyrgyzstan and Armenia at understated prices. This move directly impacts buyers attempting to evade high tariffs by understating the vehicle costs. According to Viligenina Senforsenna, the head of…
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