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Audi Expands R&D Capabilities in China

German carmaker Audi is broadening its research and development capacities in China, widening its scope, enlarging the local Audi China team and establishing a new company R&D facility in Beijing.

Ford China Names New COO

Based in Shanghai and reporting to Ford China President Anning Chen, Wu will oversee engineering, manufacturing, quality and purchasing, and the Ford China commercial vehicle division.

Chinese EV Purchasers Prefer Local Brands

The shift comes as China’s car market nears a tipping point at which the switch to EVs builds consumer acceptance and supercharges growth. More than 25% of new cars sold in July were new energy vehicles (NEVs), which include plug-in hybrids and pure battery-electric cars, up from fewer than one in six just a year earlier.

Global EV Sales Up 63% in 2022; China Sees Largest Growth in World

The latest research from global technology market analyst Canalys reveals 4.2 million electric vehicles (EVs) were sold worldwide in the first half of 2022, up 63% on the first half of 2021. China leads the world in EV market growth, while Europe and the U.S. struggle with supply strains.

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