China Roundup: SG’s CapitaLand spends $261m to buy logistic centers in China, and more

Singapore retail major spends US$261 million to buy logistics centers in China

• The purchase of the four logistics centers marks the first foray of CapitaLand Group’s Chinese unit, CapitaLand China Trust, into the country’s logistics sector.
• The centers are located in Shanghai, Kunshan, Wuhan, and Chengdu.
• CapitaLand has kept mum about the sellers of the properties, identifying them as “unrelated third parties.”

Japan’s Honda to roll out EV-only car lineup in China after 2030

• Honda China also plans to launch 10 electric vehicle models in the next five years.
• The manufacturer currently has three concept models and two production models slated for release in 2022.
• With its new goal in mind, Honda is aiming to strengthen its strategic partnership with global EV battery maker Contemporary Amperex Technology.