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China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 ChineseAutoIndustry Development Report. Fuel cell stack research. kW/kg, at a cost of 200 yuan/kW.
However, the study reveals there has been an increase in interest in the US and Chinese markets. The autoindustry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. Source: Ipsos.
GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. Researchers will be able to complete a series of processes, including battery material preparation, battery material coating, battery cell fabrication and battery cell performance testing.
The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total.
Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. Even despite ongoing political concerns, its entry into North America is considered an eventuality, and other Chinese automakers likely won’t be far behind. auto sector,” the organization writes. BYD last year sold 1.57
Broadly, the investments announced focus on the development of production facilities, technology, EV batteries, new product and securing future raw material supply (primarily semiconductors and battery materials). Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group.
Martin Winterkorn, CEO of Volkswagen AG, on the eve of the Auto China motor show in Beijing. The initiative gets underway with the launch this year of the Volkswagen brand’s battery-electric e-up! As a result, the Volkswagen Group is making its Chinese vehicle fleet ever more efficient. —Martin Winterkorn. billion (US$25.1
China automaker JAC (Jianghuai Automobile Co) will sign a cooperation agreement on the export of 2,000 battery electric vehicles with US-based GreenTech Automotive Corp. GTA) to develop the US electric vehicle market. In February 2013, a sample EV was sent to the US for testing and performance inspections.
a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.
Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chineseauto company Dongfeng as per a pre-existing share repurchase framework. billion in Leapmotor , acquiring 20% of the Chinese company and becoming a significant shareholder.
According to AGCM, the car makers provided information to customers about “EV driving range, battery capacity degradation, and limitations on standard battery warranties, potentially in breach of the Consumer Code.”
The way cars are used here, the ways in which cars interact with the environment, the way in which human beings reside in urban centers in China are profoundly going to seed the development of the autoindustry in every other part of the world. China wants to lead a revolution in transportation, not follow. RMB/Watt (US$0.25/Watt)
announced last month that it had achieved an important automotive-grade certification, Production Part Approval Process (PPAP), for THINK and had begun shipping battery packs to be installed in THINK vehicles for commercial sale in European and North American markets. Tags: Batteries. The new equity injection for Ener1, Inc.
Volvo Buses and Chinese SAIC Motors have agreed to form a new joint venture company for driveline systems for new energy buses such as hybrids and electric buses. Accelerating the development of the strategic new energy vehicle industry is a top priority for the Chinese government.
and its long-term Chinese partner BYD AutoIndustry Co., In 2022, DENZA will introduce new models to the Chinese market and seek further growth opportunities. Daimler and BYD have been long-term partners in the Chinese market. Daimler Greater China Ltd. Earlier post.)
Ford says that creating a Ford China business unit will allow for greater focus on the market, faster decision making and increased Chinese leadership within the company. Chen, a seasoned, highly qualified 25-year autoindustry veteran, returns to Ford as president and CEO of Ford China, effective November 1.
The center in Dalian will focus on the development of innovative valve train products specifically for the Chinese market. In recent years the Chinese market has become more important for the Group’s automotive activities. —Karsten Kroos, CEO of thyssenkrupp’s Components Technology division.
The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles. We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers. —Peter Fleet.
MG is launching its IM Motors electric luxury sub-brand in Australia with two models, five variants and rhetoric thats super-heated even by the standards of autoindustry marketing spiel. Only founded in December 2020, its first concepts were presented at the Shanghai auto show in 2021 and its first model went on-sale in 2022.
The Zeekr X and Smart #1 are in-house rivals because those brands are like Volvo members of the giant Chinese Geely Auto Group. All three EX30s come with the same 69kWh battery pack. Good thing too. On size and/or price youre looking at the BMW iX1 , Jeep Avenger, Mini Aceman and even the Hyundai Kona Electric.
Chinese automaker BYD set another record in new energy vehicle (NEV) sales in July 2024. The Chinese automaker beat its June 2024 NEV sales when it sold 341,658. The Chinese automaker’s NEV sales include battery electric and hybrid vehicles. BYD sold approximately 342,383 NEVs in July, up 30% year over year.
None of the modern batteries that make electric vehicles possible could exist without lithium. Several factors have likely helped push Chinese lithium to its meager price. Foremost, the Chinese government recently ended incentives for electric vehicles, which has slightly slowed their adoption in recent weeks.
It focuses its investments on strategic technology trends transforming the autoindustry, such as artificial intelligence, electrification, autonomous drive and digital mobility services. The Volvo Cars Tech Fund was launched earlier this year and aims to invest in high-potential technology start-ups around the globe.
In the transportation sector, Boston-Power is targeting its high-energy, long-life cells at plug-in hybrid and full battery electric vehicles. In addition to his responsibilities at GM ATV, he also served as chairman of the GM-Ovonic Advanced Battery Joint Venture. Click to enlarge. Li-ion manufacturer Boston-Power, Inc., Purcell, Jr.
Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018.
The partnership comes as the European autoindustry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Launched in 2020, ACC has announced EV battery plants in France, Germany and Italy with a 7 billion-euro (USD 7.6 billion) investment.
NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chineseautoindustry in the first quarter. The price war has had a big impact on the autoindustry, and NIO will not follow suit. Photo taken by CnEVPost.) percent year-on-year and 23.6
The 2011 KPMG survey also finds the autoindustry heavily investing in future technology, new products and safety improvements. In fact, Hans Flick, national tax leader for KPMG’s automotive practice noted that executives appear to indicate that the idea of entry level cars may not have met expectations. Investments.
That will be achieved through new models, expanding the company's charging and battery swap network, and unlocking self-driving technology, Feng said. Feng also mentioned the ongoing price war in the autoindustry in the interview, saying it showed there were too many carmakers in China. "We
The Chinese automaker plans to use an aggressive marketing strategy to accomplish its goal. BYD has no plans to enter the US Market amid “complications’ [Feature] BYD Europe’s goals come at a time when the EU is wary of cheap Chinese electric vehicles (EVs). BYD Europe wants to triple its market in the region by 2025.
Image credit: Chery New Energy) Chineseauto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. In January-February, Chery's NEV sales were 13,293 units, down 57.6 percent from 31,367 units in the same period last year.
Among drivers testing the vehicles were CRI staff and members of the Icelandic Automobile Association as well as several local service providers in the autoindustry. We are also participating in projects where our renewable methanol is already used to extend the range of battery electric cars and ferries.
The Chinese LCV market is reaching upwards of 3 million units annually. We see China not only as the biggest car market worldwide, but also as a trend setter for the autoindustry. It will change the map of the Chinese and even global LCV market. The new JV will be known as Renault-Brilliance Jinbei Automotive Co.,
The LDV eT60 will become the first electric ute on sale in Australia when it arrives in dealerships in November as part of three-pronged EV attack from the Chinese brand. The Australian autoindustry is at a crucial pivot point and embarking on a journey many countries commenced years ago.
Earlier this month, Chinese automaker BYD announced it would enter South Korea’s passenger car market in 2025. The South Korean auto market will be different compared to other markets BYD has entered. As such, the price difference between South Korean and Chinese cars will be insignificant.
Toyota Motor Company is expected to receive an $853 million subsidy from Japan’s industry ministry to expand its electric vehicle (EV) battery production. Toyota has ambitious EV battery production plans for the future. Toyota plans to produce low-cost battery cells with 621 miles of cruising range before 2030.
million electric vehicles sold in 2023, according to the Chinese Passenger Car Association, or 60% of the global total), it already had [a] market share of close to 4% in Europe in 2022. In 2023, around 35% of electric vehicles exported worldwide were Chinese. “As Buoyed by its huge domestic market (8.5
In June, the EU announced import tariffs on Chinese EVs ranging from 17.4% The rationale behind the new tariffs is that the Chinese government has unfairly subsidized its autoindustry, enabling Chinese automakers to sell EVs at prices European brands can’t match. BYD has established a factory in Hungary.
Volkswagen faces mounting pressure to keep up with Tesla and Chinese automakers in the transition to battery-electric vehicles (BEVs), and its success in doing so could have major implications. The autoindustry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. “The
VW, Daimler subsidiary Daug and Varta developed a NimH battery in the early 90s, and the VW group put the Audi duo hybrid on the road in 1997. However, Winterkorn said, VW, and the German autoindustry in general, abandoned the early advantage and work in electromobility. And the autoindustry doesn’t hold back on announcements.
Wildcat Discovery Technologies uses proprietary high-throughput testing platforms to rapidly evaluate battery materials and chemistries for customers. Now, manufacturers have taken advantage of LFP’s lower fire risk to design batteries with high pack-level energy density, and LFP has become the EV industry’s fastest-growing cathode material.
China is starting a program to subsidize buyers of battery-powered and plug-in hybrids. Government Aims to Create Strong Domestic Industry but Generous Rebates Risk a Backlash as Rich-Poor Divide Grows. The Leaf, if imported to China, isn’t likely to benefit from purchase subsidies from the Chinese government.
Fully intelligent and digitized, the Anting plant sets a new benchmark for green and smart factories for Volkswagen Group China and the Chineseautoindustry. In total, it is planned to increase the local production in China up to 15 MEB models from different brands by 2025.
CATL, the world’s largest battery supplier for electric vehicles and one of Tesla’s critical suppliers, had an important fire that raged for hours at one of its main Chinesebattery factory. CATL) has emerged as the world’s largest battery cell supplier in the autoindustry in the last few years, and it is not even close.
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