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[29] An electric car joint venture of Taiwan’s Hon Hai, China’s Tencent and China Harmony Auto Holding said this month it was hiring the former BMW executive Carsten Breitfeld to lead it. CAF Power & Automation partners with a Chinese company to expand its market in China. They have sold 30 million cars as of November 2018. Sinotruk (China National Heavy Duty Truck Group Corp., Ltd.) Soueast Motor Soueast Mitsubishi Victory (Chenggong) Auto Liuzhou Wuling Motors, Co., Ltd SAIC-GM-Wuling (SGMW) Youngman Automobile Group Co., Ltd. CAF Power & Automation has signed a joint venture contract with the Chinese company Changzhou Tiansheng New Materials Co. Ltd. with the aim of expanding its market in China. A foreign car manufacturer is allowed at most 2 joint ventures in China.
Published by Statista Research Department, Aug 1, 2011 This statistic shows the share of joint venture productions of Chinese car manufacturers in 2010, with a forecast for 2017. VW and Audi cars are manufactured in China by Volkswagen Group China under two joint-venture partnerships: FAW-Volkswagen and SAIC Volkswagen. [28] In 2018, the alliance opened three new FAW-Volkswagen plants in China: in Qingdao, Foshan and Tianjin.