【JAC Group Signs Cooperation Agreement with Tashkent】Recently, Anhui Jianghuai Automobile Group Corp., Ltd. (hereinafter referred to as "JAC Group") and Tashkent Investment Co., Ltd. (hereinafter referred to as "Tashkent Investment") officially signed a joint venture cooperation agreement, with both parties jointly contributing capital to establish a joint venture in Tashkent, Uzbekistan. This joint venture will focus on local assembly of complete vehicles under the JAC Group brand, auto sales, and after-sales services within Uzbekistan. The newly established joint venture will achieve complementary advantages by perfectly combining JAC Group's leading edge in advanced automotive manufacturing and intelligent technologies with Tashkent Investment's rich local market resources and mature industrial layout experience. Both parties will work hand in hand to jointly promote the project's full value chain implementation in the Tashkent Industrial Park.

【Auto Rally! Three Central State-Owned Enterprises Collectively Announce Share Buybacks, China's Auto Market Expected to Grow Steadily Amid "Tariff Storm"】①According to preliminary statistics by reporters, at the OEM level, JAC, Zhongtong Bus, and Seres have successively disclosed share buyback plans, with a total maximum amount of approximately 250 million yuan. ②Wang Qing, Deputy Director of the Market Economy Research Institute at the Development Research Center of the State Council, stated that, based on comprehensive judgment, China's auto sales are expected to grow by 3%-4% in 2025, barring new disruptive factors. (Cailian Press)

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With Gasgoo Daily, we will offer daily important automotive news in China.

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