FAW Group


Brilliance China Auto stocks soar after report of takeover plan

Brilliance China Auto stocks soar after report of takeover plan

(ATF) Shares in Brilliance China Automotive Holdings Ltd – BMW's main Chinese partner – jumped by up to 25% on Wednesday after news emerged that FAW Group is looking at taking over the company.The potential acquisition by state-owned FAW, China's No. 2 automaker, comes at a time when Brilliance's top …

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China’s WeRide heats up autonomous vehicle race

China’s WeRide heats up autonomous vehicle race

(ATF) Beyond trendy names like Tesla, Alphabet’s Google and more recently Apple from the US, Chinese companies working in auto tech are also heating up the autonomous vehicle (AV) race with autonomous driving startups leading the charge.Guangzhou-based autonomous driving startup WeRide said on Wednesday it has closed its Series B1 …

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