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In a new report, “ Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ”, market research firm IDTechEx concludes that battery-swapping technology currently appears to be a winner in the two- and three-wheeler markets of the Asia-Pacific regions. Fleet vehicles are also usually a single model.
Toshiba Electronic Devices & Storage Corporation announced that Zhejiang Asia-Pacific Mechanical & Electronic Co. APG), one of China’s leading manufacturers of vehicle braking systems, will deploy the Visconti 4 image-recognition processor in its next-generation advanced driver assistance system (ADAS).
This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.
Electric two-wheel vehicle sales by country, Asia Pacific: 2012-2018. China will reach more than 355 million units by 2018, with cumulative electric two-wheel vehicle sales in Asia Pacific will reach more than 381 million units in 2018. —“ Electric Two-Wheel Vehicles in Asia Pacific ”. Source: Pike Research.
According to a new Pike Pulse report published by Pike Research, the two electric motorcycle and scooter manufacturers who are best positioned to take advantage of upcoming shifts in the market are Zero Motorcycles and Jiangsu Xinri E-Vehicle. —senior analyst Dave Hurst. The e-motorcycle and e-scooter market is here to stay.
Early data from the main markets in Asia shows a drop in vehicle sales of 44% for China and 18% for Korea, two of the hardest hit countries. Chinese factories are restarting, so the pressure on supply of key components and equipment is likely to ease. Chart: BloombergNEF.
Low-speed electric vehicle sales there appear to have slowed in 2018, but manufacturers still sold nearly 1.5 At the current estimated low-speed electric vehicle fleet size, the potential fuel demand displacement could exceed 60,000 barrels per day—2% of current total Chinese gasoline demand.
Ford Motor Company is reorganizing its Asia Pacific operations. Peter Fleet, president Ford Asia Pacific, will facilitate the transition of Chen into his new position as leader of the Ford operations in China. Success in China is critical as we reposition our global business for long-term success.
AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. —Volvo’s President and CEO Olof Persson.
The new TTTech Auto branch in Shanghai will bring its expertise and the series proven safe vehicle software platform, MotionWise , to car manufacturers, Tier 1 suppliers and partners to the rapidly developing Chinese automotive market. Asia is one of the most important growth regions.
better known as Shacman Trucks outside China, is one of the largest truck manufacturers in China. At the first stage of the project, InnovizPro lidar is being utilized in Shaanxi Truck’s autonomous proof of concept project at the Chinese port, with Shaanxi’s ultimate goal being the deployment of up to 600 trucks at this site.
Ltd (GMD), a member of the state-owned China State Shipbuilding Corporation (CSSC) Group, have signed a licence agreement for the manufacture and sale of Wärtsilä 2-stroke engines in China. GMD is based in the Panyu District, close to the major Chinese city of Guangzhou and the special administrative region of Hong Kong.
In spring 2020, the Volkswagen Tiguan broke the production barrier of six million units, with 910,926 units manufactured in 2019 alone. In 2008, Volkswagen manufactured more than 150,000 units, making it the most successful SUV in Germany. In October 2019, Volkswagen added a plug-in hybrid drivetrain for the Chinese model.
Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. Figures released by the ASEAN Automotive Federation (AAF) show that total vehicle sales in Southeast Asia will be about 2.79 What is the mystery behind it?.
Pike Pulse grid for automotive Li-ion manufacturers. The report concludes that the manufacturers best positioned to take advantage of shifts in the market are LG Chem and Johnson Controls. Click to enlarge. The market will likely see volatility during 2012 as some supplier agreements change hands, the report suggests.
Super-app Grab, the equivalent of Uber in Southeast Asia, and Chinese electric vehicle (EV) manufacturer BYD have forged a major regional partnership to electrify the region’s transportation landscape.
The new Ford Figo will be manufactured at Ford’s expanded integrated manufacturing facility near Chennai, which is undergoing a $500 million transformation to become a regional center of excellence for Ford small car production. Earlier post.) The investment, valued at $490 million (RMB 3.34 Alan Mulally.
Initially, service coverage will be provided to the Chinese market and the Asia-Pacific region with plans for expanding global coverage after 2026. Through intelligent modular manufacturing, Geespace is able to produce high-quality, easily customizable satellites to meet the growing global demand for commercial satellites.
Under the terms of the agreement, BioAmber and CJCJ plan to establish a joint venture in China to produce up to 36,000 metric tons of bio-succinic acid annually and commercialize the output in Asia. The goal is to competitively produce bio-succinic acid in China and quickly penetrate the world’s largest succinic acid market.
Quester will address new market segments and marks a milestone for the Volvo Group in line with the Group’s truck strategy to increase sales by capturing profitable growth opportunities in fast growing markets across Asia Pacific and other regions. The production of Quester will start during the third quarter of 2013 in Bangkok, Thailand.
This capital will be used to bring Protean’s electric drive technology to production by establishing manufacturing facilities in Liyang. The city of Liyang is partnering to provide prototype manufacturing support, with favorable industrial policy. They will be joined by the New Times Group, a Liyang-based industrial group.
StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chinese automobile manufacturer Chery Holding Group (Chery) establishing a joint venture between the two companies. Total investment could be up to €500 million.
Volkswagen Group China, SEAT and the Chinese auto manufacturer JAC, which together form the joint venture JAC Volkswagen, continue to drive SEAT’s market-entry strategy. The Spanish brand aims to enter the Chinese market in the coming two to three years. The goal is to deliver around 1.5
As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization. Russia has reportedly been looking to reduce the impact of sanctions by turning to Asia for trade.
China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. Click to enlarge. The company ranked 5 th among all brands in J.D.
The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. It is also significant so that both companies can actively participate in the opportunities of the Chinese automotive market. Ltd to develop an electric vehicle for the Chinese market.
This contract is a further demonstration both of Ricardo’s leadership in large engine technology and commitment to the Chinese market. —Ricardo Asia president Gary Tan. We look forward to progressing the design of a world-class engine family with Weichai in the power generation and related industrial sectors.
a manufacturer of premium performance ultracapacitor technology for transportation, alternative energy, medical, industrial and consumer product markets ( earlier post ), has increased its presence in China with a new entity in Hong Kong, Ioxus Asia Limited. Ioxus, Inc., and Asiacom Technology. Earlier post.)
As part of its development strategy in high-growth countries, and particularly China, Valeo has acquired an 80% shareholding in the company Ruby (a lighting specialist) from Chery Technology, a subsidiary of Chinese automaker Chery Automobile. The Chinese automaker Chery Automobile, created in 1997, is based at Wuhu in Anhui province.
According to figures released by the China Association of Automobile Manufacturers (CAAM), in the first eleven months of 2012 Chinese self-developed brands exported 470,000 passenger vehicles in total—with automotive manufacturers on average showing a 30% sales increase over 2011 figures.
Its focus is on advanced propulsion system research, manufacturing process research, megacity smart traffic research, customer-driven advanced vehicle development, battery cell material and fabrication research, and lightweight material research. The Vehicle Engineering Lab will localize technology for the Chinese market.
Although still a nascent market in most regions of the world, electric scooters sell in significant numbers in Asia Pacific today, according to Navigant Research. Sales in regions outside of Asia Pacific are estimated at 31,338 vehicles in 2013, Navigant said. Sales of e-scooters in China alone are expected to reach 9.4
Li-ion manufacturer Boston-Power, Inc., They’re already being well received by the auto industry and I’m confident they will be adopted for a range of vehicles by manufacturers around the world. Nordic Ecolabel and Chinese EPA CEC Ecolabel accreditation for chemical control during manufacturing and in the final product.
The e-bicycle market in China is slowing, however, due to a weakened economy, increased consolidation of manufacturers, and supply chain issues in the lead-acid battery market, Navigant says. Navigant expects the China market will reach 28.0 million e-bicycles in 2013: 92% of the total world market. The company does not expect China’s 2.8%
Ricardo and JAC, one of China’s largest vehicle manufacturers, are working together on thermal systems engineering for passenger car applications. —Ricardo Asia president Gary Tan.
The investment will enable TTTech Auto to accelerate progress in three strategic areas: expanding its product portfolio for automotive manufacturers and its technology partners; expanding internationally in key regions; and extending its capabilities through strategic M&A and product investments.
By forming the intended joint venture in China, BASF further strengthens its position in Asia to build up an integrated, global supply chain for customers in China and worldwide, increasing its annual capacity to 160 kilotons by 2022 with further expansions underway.
The Territory is a breakthrough for Ford in China in terms of our ability to successfully compete with Chinese automakers for millions of customers that we do not currently serve. —Peter Fleet, president, Asia Pacific and chairman & CEO, Ford China. Indigenous Chinese automakers in particular have capitalized on this trend.
a Chinese synthesis gas supplier, for the production of certain feedstocks used in Celanese’s advanced ethanol production process. Celanese previously announced its intention to construct manufacturing facilities in China that will use its newly-developed and proprietary advanced technology to produce industrial ethanol.
Cathode manufacturers are worried about the availability of raw materials and the possibility of shortages of critical metals like lithium, nickel and cobalt, while anode producers are more concerned with the underlying nature of the feedstock. Battery manufacturers are frantically building production capacity to meet demand.
We also expect that cell manufacturers will supply directly to the OEMs.” Although forecasts for many existing programs have been downgraded, there are new xEV models coming out in Asia, especially hybrids. By 2015, Chinesemanufacturers will control about 8% of the world market.
Novelis, the global leader in aluminum rolling and recycling, broke ground on the expansion of its automotive aluminum manufacturing facility in Changzhou, China. Novelis’ Changzhou plant is the company’s first aluminum automotive sheet manufacturing facility in China. The expansion is expected to create approximately 160 jobs.
However, new business sales in Asia is expected to account for about 50% of the total by the end of the period compared with 35% in the previous three-year net new business, Manganello said. The top twenty-five customers of the three-year net new business include seven Chinese domestic OEMs.
Most people are aware of key players like Hyundai and Nissan, but there are so many other EV manufacturers that are taking over Asia—and possibly set to conquer the international market, including the U.S. Below are just some of the EV manufacturers worth knowing about. The VinFast VF 8–now on sale in the U.S.
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