Car-sharing trend is taking off

China is the largest and probably most fiercely competitive car market, where almost all brands can be found fighting for a bigger slice of the market, yet a recent study shows one of the most serious competitors could come from outside the sector.

 

Volkswagen, JAC Motors teaming up

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German automaker Volkswagen AG is joining hands with Anhui Jianghuai Automobile Co Ltd (JAC Motors) to develop and sell commercial vehicles in China in an effort to grab a slice of the segment that is growing rapidly in the world’s largest car market.

 

TuSimple raises $55 million

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TuSimple, a Chinese autonomous truck startup which develops technology for autonomous long-distance freight delivery, has raised $55 million in fresh funds to maintain its edge in the autonomous driving sector.