Li Fusheng
- Indexed articles, last 90 days
- 7
- Latest publication
- Sep 17, 2026
- Outlet visibility, for China Daily USA
- Top 5M sites
- Earliest in this view
- Jul 22, 2026
Latest articles
GAC in deal to buy FAW stake in JV (opens the original)
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A proposed deal between two of China's major carmakers has put the spotlight on a new round of consolidation, as intensifying competition and the shift toward smart new energy vehicles put greater pressure on companies to improve efficiency. Guangzhou Automobile Group (GAC) announced on Monday that it had signed an agreement of intent with China First Automobile Group (FAW) to acquire part of the latter's stake in a vehicle manufacturing joint venture through a share issuance and capital raising
China sets 2030 targets for smart, connected NEVs (opens the original)
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China has unveiled a plan to further strengthen its advantages across the industrial chain of smart, connected new energy vehicles, with the country aiming to join the ranks of the world's leading automotive powers by 2030. By then, new energy passenger vehicles are expected to account for 70 percent of new vehicle sales in their segment in the domestic market, while the share for commercial vehicles is targeted at 40 percent, according to the plan released by nine ministries on Friday. The plan
Guideline calls for orderly going out (opens the original)
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China has issued guidelines urging automakers to strengthen compliance and promote orderly competition in overseas markets as the country's automakers expand their presence globally. The guideline, released by the Ministry of Commerce, the Ministry of Industry and Information Technology and the State Administration for Market Regulation last week, calls on automakers to base overseas pricing on costs and market conditions, avoid disruptive competition and refrain from frequent or substantial pri
NEVs grab over 60% of deliveries in July (opens the original)
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For the first time, China's new energy vehicles secured a more than 60 percent share of the country's overall automobile sales in July, under full-sector official statistics. The milestone, paired with sustained record automotive exports, marks a decisive shift toward market-driven electrification at home and elevates China's role as a key driver of global automotive growth. A total of 1.56 million NEVs were sold in July, up 23.7 percent year-on-year, according to the China Association of Automo
GM, SAIC extend joint venture agreement to 2047 (opens the original)
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General Motors and SAIC Motor extended their joint venture agreement on Wednesday for another 20 years, one year ahead of schedule. The renewed agreement will allow the 50-50 joint venture SAIC-GM to continue operations through 2047, showing GM's confidence in China, the world's largest auto market and the automaker's second-largest market after the United States. First established in 1997, SAIC-GM has manufactured and delivered more than 20 million vehicles in China. John Roth, GM senior vice-p
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Top 5M sites
For China Daily USA, the outlet · Measured Aug 1, 2026
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