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Added on the 23/04/2015 09:14:16 - Copyright : Reuters EN
JAC-Volkswagen, the new joint venture of Volkswagen Group China and Anhui Jianghuai Automobile Co., Ltd. (JAC) is another example of Volkswagen's customer-focused e-mobility solutions. SOL, the new brand of the joint venture, contributes to the development of the Chinese mobility sector. The joint venture has presented a clear roadmap covering components, connectivity and big data services, electronic payments and research and development. A new agreement with Zhejiang Tmall Technology Company Ltd. will be the basis for an innovative sales model. At the group event, JAC-Volkswagen also presented its first product, the SOL E20X: It is an SUV electric vehicle of the A0 segment with a NEDC range of more than 300 km.
Chinese carmaker Qoros presented its new electric Model K-EV concept at the International Automobile & Manufacturing Technology Exhibition, also known as Auto Shanghai 2017, taking place in Shanghai, on Wednesday. The Model K-EV is envisioned to feature two electric motors, producing 870 hp that will allow the car to propel from 0-100 km/h in less than three seconds. Additonaly, a 107 kWh battery pack, which is attached on the vehicle's floor, supplies power to its motors. The battery is designed to enable the concept car to reach up to 300 miles on a single charge. China's automotive industry has been the largest in the world since 2008. Chinese automakers produce more cars than the US and Japanese markets combined. In 2014, China produced over a quarter of the world's cars. Auto Shanghai is one of the world's leading trade fairs for automobiles. The show, which has taken place every two years since 1985, features thousands of exhibitions from all over China and the world.
Average new home prices across China are rebounding but analysts worry the property sector will continue to be a drag on the slowing economy. Meg Teckman reports.
Fresh closely watched surveys show China's mammoth manufacturing sector is getting off to a slow start in 2015. Tara Joseph reports.
China gets its first taste of December economic data as an initial reading of a private survey of manufacturers show the sector contracting for the first time in seven months. Jane Lanhee Lee reports.