Caterpillar is focussing on developing solutions for key markets with machine designed specifically for China and built in its Chinese manufacturing operations.
The new Caterpillar machines being introduced at BICES include the M
Michelin has invested in the Chinese start-up company Luli Information Technology, based in Shanghai.
Luli was set up in 2014 to develop applications for vehicle ride-sharing services in China, and created the app Lu You Tong Xing
Michelin said its investment, through the French global tyre maker’s Incubator programme, will help Luli develop more products in a market where ride-sharing is growing in popularity.
Jean-Claude Zhang, chief executive of Luli Information Technology said Michelin’s investme
A massive growth in sales is expected for electric vehicles and hybrid vehicles in coming years, according to a forecast from specialist IDTechEx. According to the report, the total global gross value market for hybrid and pure electric vehicles will reach US$334 billion by 2020. At present the total global gross value market for hybrid and pure electric vehicles is worth some $69 billion. The report suggests that the market for these vehicles will primarily consist of large or very heavy duty vehicles, nei
