Published on July 10th, 2018 | by Subhash Nair0
4 Car Makers Formed JVs with Chinese Companies This Week
It’s not uncommon to see car companies making partnerships or joint ventures or just signing agreements with Chinese manufacturers. It helps them with access to the Chinese domestic market and the tech transfer can sometimes flow both ways. But this week we saw just an exceptionally long list of agreements being made.
There was Audi with its signing of an MOU with Huawei for the development of intelligent connected vehicles.
There was the BMW Group with Great Wall Motor for the joint-production of electric MINI vehicles in China.
Hyundai Motor Group and Baidu too signed an MOU for the “Internet of Vehicles” which would see them strengthening cooperation on the next-generation of connected car technologies.
Volkswagen Group China too signed an MOU with Anhui Jianguiai Automobile Group AND SEAT to open an R&D centre for the development of battery electric vehicles.