Beijing Automotive Group signed an agreement to pay about 80 million yuan ($13 million) for a 70-percent stake in Jiangxi Changhe Automobile Co.
Held concurrently with the ongoing 2013 Guangzhou Auto Show, two massive auto parts exhibitions are attracting attention from businesses within China and abroad.
Executives often boast of being "self-made" men, but the life of Zhejiang Geely Holding Group Co President Li Shufu has truly been a journey from rags to riches.