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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 Chinese AutoIndustry Development Report. —Energy-saving and new energy vehicle plan.
The 12 th Five-year Plan for China’s autoindustry reportedly will make developing new-energy vehicles the top priority. China is targeting annual new-energy automobile sales of 1 million units by 2015, according to the China Association for Automobile Manufacturers. People’s Daily.
China Daily. China’s central government plans to implement a new policy in the first half of this year to encourage autoindustry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference.
Liu Shijin, deputy director of the Development Research Center of the State Council, one of China’s top government think tanks, told a forum that the government should shift its guidance to automakers from mere pursuit of output capacity to environment-friendly and energy-saving targets.
Automation expert ABB and China’s leading automotive parts supplier, HASCO, are forming a joint venture to drive the next generation of smart manufacturing in China’s automotive industry. Both parties agreed not to disclose any further details about the investment.
The government of China is targeting an average 10% growth for automotive industry production and sales in the next three years, according to an online government document providing details on the support package for the automotive industry, announced in January. By 2011, passenger cars with an engine displacement below 1.5
GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. The GM China Advanced Technical Center recently produced its first batch of battery cells using advanced fabrication methods, an important milestone in the establishment of its battery material assessment capability.
Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the autoindustry up to 1.5 —with OEMs in China and India at 5.2%, while suppliers from China and India enjoyed an EBIT margin of 7.5%, the highest in the world.
Estimated automobile ownership in China will exceed 200 million by 2020, causing serious energy security and environmental issues, according to Wang Fuchang, director of the Department of Equipment Industry under China’s Ministry of Industry and Information Technology. People’s Daily.
In this article, I analyze the competitive landscape of electric vehicles (EVs) in China, focusing on the Xpeng Mona M03 and others’ effect on the global auto market. continued] The post How Chinese Cars Like The XPeng Mona M03 Will Impact The Global AutoIndustry appeared first on CleanTechnica.
autoindustry was the world's largest. That ended in 2009, when China's sales of 13.5 million new vehicles—against more than 30 million sales in China. DON'T MISS: Why China will beat U.S. For a century, the U.S. million new vehicles surpassed a recession-slammed U.S. total of 10.4 Last year, U.S.
China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. auto sector,” the organization writes. . “So, I think they will have significant success outside of China depending on what kind of tariffs or trade barriers are established.”
(Image credit: CnEVPost) The price war is one of the most talked-about topics in China'sautoindustry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.
The second reason for the heightened focus on electric cars is China’s move to promote them. Japanese carmakers need to respond to China’s moves by developing electric vehicles that can compete favorably with rival Chinese offerings in this crucial market.
The Volkswagen Group is launching a major electro-mobility campaign in China—the the biggest initiative for e-mobility in China’s automotive history, said Prof. Dr. Martin Winterkorn, CEO of Volkswagen AG, on the eve of the AutoChina motor show in Beijing. earlier post ) and e-Golf ( earlier post ) models.
China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). Sales of China’s domestically-made automobiles totaled 1.09 Sales of China’s domestically-made automobiles totaled 1.09 People’s Daily. million units in July, up 63.57
Several years ago, the German government expressed its concerns about exporting German car-building jobs to China and the attendant political and economic upheaval that would entail.
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.
"I am very confident that in the near future, China supply chain and the autoindustry will return to normal," Li said. The post NIO's William Li expects China's autoindustry chain to stabilize by March or April appeared first on CnEVPost. For more articles, please visit CnEVPost.
China-based Ningbo Tuopu Group Co. Tuopu is an auto parts supplier that services a wide variety of brands, from Geely and SAIC to Ford, GM, Volkswagen, and other major automakers. Ltd (Tuopu) recently stated in its most recent earnings call that Tesla has a five year gap on other car companies, Teslarati reported.
The International Council on Clean Transportation (ICCT) and the China Automotive Technology and Research Center (CATARC) recently finalized a memorandum of understanding detailing the two organizations’ intentions to collaborate on a joint research project analyzing passenger vehicle technologies and costs in China.
Established automotive industry companies—not Silicon Valley—are leading the development of autonomous driving technology, according to a new report from the Intellectual Property and Science business of Thomson Reuters. Carnegie Mellon University and MIT have four and seven unique inventions, respectively.
As part of those actions, which include hiring a new President and CEO (Anning Chen) for Ford China, Ford China is elevated to a stand-alone business unit reporting to Ford global headquarters. Success in China is critical as we reposition our global business for long-term success. —Ford President and CEO Jim Hackett.
Hyundai Motor Company has begun construction of a third plant in China to respond to growing demand in the world’s largest automobile market. Beijing Hyundai Motor Company (BHMC), a 50-50 joint venture between Hyundai Motor and Beijing Automotive Industry Holding Co., Hyundai established BHMC in 2002, opening its first plant in China.
The United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. million and China grew from about 1 million to more than 1.25 million over the same period. Source: The ICCT. —Nic Lutsey.
The University of California, Davis, and the China Automotive Technology and Research Center (CATARC) have entered a new agreement to work together to help speed the commercialization of plug-in and fuel cell electric cars in China. The collaboration is intended to help expand the global market for zero-emission vehicles (ZEVs).
According to China Passenger Car Association (CPCA), BYD Han ranked second among the sales rankings of mid-to-large size sedans, with sales of 10,248 units in September. vastly improve the integrity of pure EVs as one of the industry’s safest power batteries. The e-platform 3.0 billion) in Q3 2021, a YoY increase of 21.98%.
In conjunction with the start of AutoChina 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. China has been GM’s largest market since 2010, last year accounting for about one-third of its global sales.
Eaton Corporation’ superchargers will make their debut in China on selected new engines on three vehicle models from Chery Automobile Co., Fuel savings and emission reduction are the new themes for China’sautoindustry. the country’s leading independent automaker: Chery 1.6S Tiggo, 1.3S A3 and Riich 1.3S
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.
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.
Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric autoindustry to come with it. Though it’s behind Tesla in global sales, BYD is king in China. The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 million units manufactured in 2022.
The results ranged from Germany’s 24% down to 8% in China. Consumers in China, the world’s largest auto market, were the most enthusiastic, at 84%. —Mark Wakefield, global co-leader of the automotive and industrial practice at AlixPartners. China is by far in the lead in that regard. —Mark Wakefield.
The autoindustry has now grudgingly accepted that battery-electric cars will make up some portion of the world's new vehicles in years to come. But a milestone in that trend may have come today, in news from China.
Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 million units, according to estimates from the China Association of Automobile Manufacturers (CAAM). Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry.
China has a number of critical economic and environmental imperatives driving its pursuit of vehicle electrification, said the roster of plenary speakers at the SAE 2013 New Energy Vehicle Forum held in Shanghai this week. China wants to lead a revolution in transportation, not follow.
In this article, I’m analyzing at a high level what is happening to the autoindustry across propulsion types. continued] The post China & US Auto Market — Chinese Auto Disrupting Everyone Else appeared first on CleanTechnica. I’ll break it down by region and also discuss individual companies.
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. EV sales in China dropped 75.2% for the whole Chinese autoindustry. y/y in February, with a decline of 79.1%
develop the Volkswagen Automotive Cloud, one of the largest dedicated automotive industry clouds for all future Volkswagen digital services and mobility offerings. Digital technology is rapidly changing every aspect of the autoindustry—from the manufacturing process to the car itself. Earlier post.). model family.
Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. The post Stellantis strengthens ties with China’sautoindustry appeared first on TESLARATI.
A looming crisis is brewing in China, as hundreds of thousands of unsold, polluting gas-powered vehicles may be rendered unsellable due to incoming emissions rules. It’s another sign that the global autoindustry isn’t ready for the shift to EVs and will be caught unawares if it doesn’t ramp EV production fast enough.
Price war has been the most talked about topic in China'sautoindustry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China'sAuto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.
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