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Qorus, New Chinese Brand Coming to China, Europe, Mid-East
China-based Qoros Auto Company will debut a new compact or C-class sedan at next year’s Geneva Motor Show as part of what it claims will be a series of vehicles aimed at buyers in China, Europe and the Middle East. This business plan, of course is easily done by press release. However, the design, development, manufacturing and wholesaling of actual cars and light trucks sometimes is more difficult, occasionally thwarting even the best of established automakers. Continue reading
Posted in auto news, new vehicle, news analysis
Tagged auto informed, autoinformed.com, automotive news, chery automobile, china, Israel corporation, Ken Zino, qoros, Qorus
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Magna Expanding EV Powertrain Production in China
Magna (TSX: MG; NYSE: MGA)* said this week that it is increasing its presence in China with a new facility in the Jiujiang Economic Development Zone, Wuhu to support the growing demand of electric drive systems—starting with Chery but ultimately capable of supplying additional automakers in the future.
“This expansion reflects Magna’s commitment to supporting our customers’ electrification strategies and advancing sustainable mobility,” said Diba Ilunga, President Magna Powertrain. “Wuhu offers a strong industrial foundation and an environment conducive to innovation. We are excited to bring our world-class electric drive technologies closer to Chery and other partners in China.” Continue reading →