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Guangzhou Automobile Group Co., Ltd. (GNZUF)
- Bloomberg
China Self-Driving Startup WeRide Files for $500 Million US IPO, Sources Say
(Bloomberg) -- Chinese driverless technology startup Guangzhou WeRide Technology Co. has filed confidentially for an initial public offering in the US and is looking to raise as much as $500 million, according to people familiar with the situation.Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapGlobal Banking Stocks Hold Steady After $
- Reuters
Honda's JV with GAC ends production of Acura brand in China
Chinese carmaker Guangzhou Automobile Group (GAC) said on Monday its joint venture with Honda Motor is no longer producing or selling products under the Japanese firm's premium Acura brand. GAC will continue to provide after-sales services to Acura customers in China through the joint venture's network, it said in a statement to Reuters. The joint venture will continue to produce other Honda brands.
- Reuters
Honda to set up China venture with Dongfeng, Guangzhou Auto to procure EV batteries
TOKYO (Reuters) -Honda Motor Co said on Wednesday its Chinese unit will establish a joint venture with Dongfeng Motor Group and Guangzhou Automobile Group Co at the end of the month to procure batteries for fully electric vehicles. The automaker's Chinese division has also agreed to strengthen its existing partnership with CATL, the world's largest battery maker, to ensure a stable supply of batteries, it said in a statement. At present, Honda's joint ventures to manufacture and sell four-wheel vehicles in China, Dongfeng Honda and Guangqi Honda, receive their batteries separately from CATL.
