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![[Gasgoo Express] Former Honor CMO Guo Rui Appointed Chairman and CEO of Luxeed; JAC Establishes Zunjie Zhixing Company in Shanghai.](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://gascloud.gasgoo.com/production/2026/04/6a20d35d-737f-4bf9-b633-1db49aecdb16-1775314429.png)
Former Honor chief marketing officer Guo Rui has been appointed Chairman and CEO of electric‑vehicle startup Luxeed, bringing Huawei‑era branding expertise to the firm. Luxeed, which is positioning itself as a premium EV player, expects his leadership to accelerate product rollout and market penetration. Meanwhile, JAC Group has established Shanghai Zunjie Zhixing Auto Technology Co., Ltd., a wholly‑owned subsidiary with a registered capital of 30 million yuan (≈ $4.2 million) focused on auto‑parts R&D and technical services. Both moves underscore China’s push to blend tech talent with automotive manufacturing to boost competitiveness.
Delian Group has signed a cooperation framework with Shanghai Deruili Technology to launch a 100 million yuan (~$14 million) investment in Anting, Jiading, creating a comprehensive service complex for automotive new materials. The project will initially focus on technical development, consulting,...
Eyou Robot Technology signed a deal on April 2 to build a fully automated smart manufacturing base for robot joints in Wuxi’s Xishan District. The 34‑mu (≈5.7 ha) facility represents a 1 billion yuan investment (about $140 million) and will house 30 advanced production lines...
Bethel Automotive Safety Systems has signed a six‑year development and supply agreement with a leading North American automaker for front brake calipers and rear electronic parking‑brake assemblies, targeting mass production by the end of 2028. The contract covers 2.335 million vehicles—about...
Versigent completed its spin‑off from Aptiv on April 1, 2026 and began trading on the NYSE under the ticker VGNT. Aptiv shareholders received one Versigent share for every three Aptiv shares held, with fractional amounts settled in cash. The newly independent company...
Shaanxi’s automotive sector is organized around a Guanzhong cluster, with Xi’an at its core hosting over 1,000 suppliers and a full‑stack OEM ecosystem. Baoji and Xianyang serve as secondary hubs, focusing on heavy‑truck components and cost‑effective parts manufacturing. The province...
GAC Group’s subsidiary Youpai Energy is selling a 12% stake in Xinjiang Kunlun Lanzuan Mining Development for roughly ¥1.92 billion (about $270 million) to the automaker’s controlling shareholder, Guangzhou Automobile Industry Group. The deal reduces Youpai’s holding from 20% to 8%, turning...
Farasis Energy announced a repeat partnership with a century‑old West European bus manufacturer to supply custom high‑end pouch battery packs for the client’s next‑generation flagship electric bus. The deal, while undisclosed in financial terms, confirms Farasis’s technology meets Europe’s stringent...
