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Stock impact report

Beijing auto show: Foreign automakers eager for Chinese partners [Reuters]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Reuters
The show that started this week showcased a marked shift in attitude among some foreign automakers, industry executives said. After being impressed by the bold leaps made by BYD and other Chinese automakers at last year's event in Shanghai, foreign automakers are now avidly searching for Chinese partners and announcing new tie-ups, the executives said. Report this ad Among the most active were European and Japanese automakers, with announcements coming from Toyota Motor that it would team up with Chinese gaming and social media giant Tencent on artificial intelligence and big data, and Volkswagen promoting its partnership with Chinese EV startup XPeng An executive from Renault said on Friday it had " " with Chinese EV maker Li Auto and Xiaomi , the smartphone maker , to explore EV and smart-vehicle technologies. Nissan , meanwhile, announced a tie-up with Chinese tech firm Baidu to carry out research on AI and "smart cars." Nissan CEO Makoto Uchida visited several booths incl Show less Read more
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