SHANGHAI China's automobile sales fell for a seventh straight month in January, the country's top auto industry association said on Monday, as demand slowed in the world's largest auto market.
* China's automobile sales in January fall 15.8 pct y/y -
HONG KONG/BEIJING The SoftBank-led Vision Fund is in talks to invest up to $1.5 billion in Chinese used car trading platform Guazi.com, two people with knowledge of the matter said.
BEIJING/SHANGHAI U.S. electric vehicle maker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks to accelerate China sales hit by trade friction between Washington and Beijing. | Video
BEIJING China's Didi Chuxing has set up joint ventures with a unit of Chinese carmaker BAIC and Germany's Volkswagen as part of the ride hailing giant's goal to ultimately develop purpose-built cars for its services.
SEOUL/BEIJING Hyundai Motor said its Chinese joint venture (JV) is accepting voluntary retirements and reviewing various "optimization plans" at its factories following a slump in car sales in the key market.
BEIJING U.S. electric vehicle (EV) maker Tesla Inc has held talks with China's Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement.
* Tesla says it received quotes from Lishen, but nothing
* U.S. carmaker's current exclusive supplier is Japan's
BEIJING/SHANGHAI The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed. | Video