JAC Motors will take control of its Chinese subsidiary in Brazil. Currently, led by Habib. The businessman has 66% of the shares and the Chinese holds the remaining 34%, but this ratio will be reversed soon.
Daimler unveiled new details about its new electric vehicle, called Denza. Developed in conjunction with the Chinese manufacturer BYD, the green car will be presented at the Hall of Beijing in April and should start to be sold in China in late 2014.