Yang Jian

KG Mobility, formerly SsangYong Motor, said the Chery deal will enable it to better respond to market changes by developing more diverse models, shortening product development and launching new cars that better meet customer needs.

Sales, stronger than expected, are being driven by a vehicle scrappage program, the China Passenger Car Association said.

The EV will be built at Beijing Hyundai Motor Co., a 50-50 joint venture between Hyundai and state-owned Chinese automaker BAIC Motor Co.

Automaker is working to restructure its struggling business in China, where its market share has fallen amid heightened competition, particularly from domestic brands selling low-priced EVs.

New-vehicle demand in China is expected to rebound for the second straight month in October as the positive impact of a government vehicle scrappage program kicks in, according to the China Passenger Car Association.

Under the deal, Maxieye will become Aptiv’s core visual perception software technology partner and provider.

French supplier Faurecia, now part of Forvia, has moved the global headquarters of its electronics business unit, Faurecia Clarion Electronics, from Japan's Saitama prefecture to Shanghai.

October light-vehicle shipments climbed 11 percent to 2.8 million after gaining 1.5 percent the previous month, the China Association of Automobile Manufacturers said.

SHANGHAI — Sales of used vehicles across China rose 5.6 percent year over year to approach 1.37 million in October, after edging up 3.3 percent the previous month, the China Automobile Dealers Association said on Nov. 11.

SHANGHAI — The inventory backlog at new-car stores declined for a second month in October after a government vehicle scrappage program succeeded in stimulating vehicle demand, the China Automobile Dealers Association said.