Classification: AFTERMARKET
Zotye's U.S. push [2019-04-18]

LOS ANGELES – Zotye USA has made an impressive start laying the groundwork for selling a China-made vehicle here in the U.S. Now it must follow through by bringing in a vehicle which finds a market with U.S. consumers.

Groupe PSA expands aftermarket presence in China with acquisition of controlling interest in LONGSTAR [2019-04-02]

XIAMEN, Fujian – Groupe PSA has acquired a controlling interest in LONGSTAR, a regional automotive parts distributor based in Fujian Province, according to a strategic cooperation agreement signed here on March 28.

SoftBank Vision Fund invests $1.5 billion into Chinese used car e-commerce platform Chehaoduo [2019-03-12]

BEIJING – Chehaoduo Group, China’s leading used car e-commerce provider with its and Maodou.

FengChe receives strategic investment from Groupe PSA [2019-02-21]

SHANGHAI – FengChe, a leading Chinese provider of used car supply chain management and transaction services, said in a statement on February 18 that it has received a strategic investment from Groupe PSA in its A-round financing.

Parkopedia launches parking services in Mercedes-Benz A-Class in China [2019-02-21]

SHANGHAI – Parkopedia, the world’s leading parking service provider with the most automotive customers in China, announced on February 18 that its parking services are now launched in Mercedes-Benz passenger cars in China, starting with the A-Class.

China recalls more than 645,000 vehicles in January [2019-02-15]

BEIJING – China recalled more than 645,000 vehicles in January, according to citing information published on the website of General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ).

BMW's ReachNow premium mobility brand reaches Chengdu with ride-hailing service [2019-01-14]

CHENGDU – BMW Group officially launched its ride-hailing service in Chengdu, capital of Sichuan Province, as part of its premium mobility brand ReachNow on December 14, after recently becoming the first foreign automaker to obtain a license to operate ride-hailing services in China.

GM Financial and SAIC leasing JV goes into operation [2018-12-03]

SHANGHAI – GM Financial (GMF), a subsidiary of General Motors, and SAIC opened their leasing joint venture –

MPS: China now has 325 million motor vehicles on the roads [2018-12-06]

BEIJING – China had 325 million motor vehicles on the roads by December 1, the eve of the country’

Groupe PSA strengths China aftermarket presence with acquisition of spare parts distributor UAP [2019-01-14]

SHANGHAI – Groupe PSA has strengthened its independent aftermarket (IAM) presence in China with the acquisition of Chinese auto spare parts distributor UAP Auto Union.

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