Classification: AFTERMARKET
MPS: China had 340 million vehicles including 3.44 million NEVs on roads by end of June 2019 [2019-07-05]

BEIJING – China’s Ministry of Public Security said in a statement on July 3 that the country’

DiDi Japan launches taxi-hailing service in Hokkaido [2019-06-24]

HOKKAIDO – DiDi Mobility Japan, Didi Chuxing’s joint venture with Japan’s SoftBank Corp.

Chinese online B2B auto parts trading platform Haoqipei secures $60 million Series D funding [2019-06-20]

SHANGHAI – Chinese online B2B auto parts trading platform Haoqipei (which literally means “

SAMR: Nearly 70 million vehicles recalled in China over past 15 years, costing automakers ¥53 billion [2019-06-13]

BEIJING – Automakers in China announced 1,768 recalls involving 69.25 million vehicles by the end of 2018 since the Administrative Regulations on the Recall of Defective Automobile Products went into effect in October 2004, China’ announces strategic investment in Chinese used car e-commerce platform Uxin [2019-05-29]

BEIJING – Inc., China’s largest online market place for classifieds, announced on May 28 that it, together with Warburg Pincus, TPG and certain other investors, entered into definitive agreements with Uxin Ltd.

Senmiao teams up with Feiniu to offer intercity ride sharing services in Chengdu via DiDi [2019-05-23]

CHENGDU, Sichuan – Senmiao Technology Ltd. (Senmiao) announced on May 21 that its majority-owned subsidiary Sichuan Jinkailong Automobile Leasing Co., Ltd.

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.

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