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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. of the total.
Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14 million units in the months through September, as lower-priced automobiles have become more affordable for better-off Chinese people, according to data released by the China Association of Automobile Manufacturers (CAAM) on Oct.
2012 ChineseAutoIndustry Development Report. The fifth annual report on China’s autoindustry—2012 ChineseAutoIndustry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.
continued] The post How Chinese Cars Like The XPeng Mona M03 Will Impact The Global AutoIndustry appeared first on CleanTechnica. About 3 years ago, I wrote about cars that seemed to be impressive before, like the Xpeng P5 and the BYD Dolphin.
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.
million vehicles, Italy has reportedly initiated discussions with a number of potential partners, such as Tesla and Chinese carmakers. The negotiations were mentioned by Industry Minister Adolfo Urso on Wednesday. Apart from Tesla, the minister stated that the government is also in talks with three Chinese automakers.
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.
The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric autoindustry to come with it. Build Your Dreams, or BYD, is likely one of the largest companies you’ve never heard of.
Two Chinese companies and the Chinese government have signed a deal to acquire Delphi Corp.’s s remaining brakes and suspension businesses—the most high-profile acquisition yet by the Chinese in the US autoindustry. The Delphi businesses will be owned by a new Chinese company called Beijing West Industries Co.
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 — ChineseAuto Disrupting Everyone Else appeared first on CleanTechnica. I’ll break it down by region and also discuss individual companies.
Starting in 2016, this will be followed by two models developed specially for the Chinese market: These are the Audi A6 ( earlier post ) and a new mid-size limousine from the Volkswagen brand, both plug-in hybrids which are being developed together with the joint venture partners FAW Volkswagen and Shanghai Volkswagen and will be produced locally.
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.
It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its autoindustry from total demise. Question is, will it even matter to a powerhouse like BYD?
Wang said when delivering a speech at the 2010 International Forum on the Development of the Chinese Automotive Industry that fostering and developing alternative-energy automobiles will aid in the long-term development of the autoindustry.
(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's autoindustry 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. For more articles, please visit CnEVPost.
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.
Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Nevertheless, the investment announced remain important for automakers from a perspective of sustaining the ongoing disruptions in the automotive industry. Toyota plans to launch 30 models by 2030. Toyota announced US$70.4
Ricardo has signed a contract to assist Anhui Xingrui Gear Company on a detailed design review and technology assessment, with the aim of helping the Chinese Tier 1 manufacturer to improve the efficiency and shift quality of its transmission products. Formed in 1966, Xingrui is a manufacturer of transmissions for the Chineseautoindustry.
Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. Sales of China’s domestically-made automobiles totaled 1.09 million units in July, up 63.57
This work will support the development of medium-term energy-efficiency goals for China’s autoindustry, as well as fuel-efficiency targets for light-duty vehicles in 2020 and 2025. The ICCT will contribute a methodology and analytical framework for technology and cost assessment tailored to the Chinese market.
The government has also created a subsidy program to boost sales of electric vehicles by providing up to 60,000 yuan (770,000 yen) [US$8,800] per unit.Beijing has apparently decided to catapult the nation’s autoindustry into the electric age by skipping the transitional era of hybrids.
After more than 40 years of development, JAC has achieved an annual production capacity of more than 700,000 vehicles and 500,000 engines, and is ranked in the top 10 in the Chineseautoindustry.
Plug-in electric vehicles will play a critical role for the global autoindustry to cope with issues related to fuel supply and environmental sustainability. China, the largest auto production and consumption market, has explicitly made alternative energy vehicle development a state strategy. Earlier post.).
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.”
After its meteoric rise in the global autoindustry last year, the Chinese EV giant is off to a hot start in 2025. BYD sold over one million EVs and plug-in hybrids in the first three months of the year. Even more impressive, BYDs overseas sales doubled to start the year as it expands into new markets.
However, we find different OEMs have dramatically different approaches—their strategies today will change the shape of the autoindustry in decades to come. Lux Research analysts examined the growing web of cross-cutting industry relationships. OEMs need to evolve their partnership webs to succeed.
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.
Ward's Auto is reporting that Hyundai and Renault are eyeing a return to the Russian market, assuming that Russia and Ukraine reach a peace deal following the former's invasion of the latter. Russians have been buying new cars from Russian automakers, Chinese car companies, and the gray market.
I think Chinese should be a bit more clever.and stop this fight between themselves and leverage their position to win overseas markets. A +1 billion market.only one winner?
With its expanded capacity, Hyundai aims to be a leading passenger car maker and an exemplary company in the Chineseautoindustry. Today is a very important day for us, as we secure production capacity for one million units in China. —Mong-Koo Chung, Chairman & CEO of Hyundai Motor. million units.
While AVs represent a whole new platform for mobility, companies venturing into this space—new-entrants as well as the traditional autoindustry—should be taking a clear-eyed look at their pathway to a viable business model, including perhaps partnering with others to reduce risk on their autonomous-vehicle programs.
CATARC is China’s the administrative body that oversees and regulates many activities of the autoindustry in China, the world’s largest new-car market, and in the US. Major international and Chinese automotive and energy companies will also be invited to participate.
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.
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. Private sector.
This latest Eaton supercharger application will be the first on a Chinese-produced vehicle. Fuel savings and emission reduction are the new themes for China’s autoindustry. Eaton Corporation’ superchargers will make their debut in China on selected new engines on three vehicle models from Chery Automobile Co., Tiggo, 1.3S
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.)
China’s Ministry of Commerce discouraged Chinese automakers from investing overseas. In July, the Ministry of Commerce told Chinese automakers not to invest in India and “strongly advised” against investments in Russia and Turkey. The policy attracted big names in the global autoindustry, including Tesla and Hyundai.
comes on the heels of the company’s announcement last week of a manufacturing joint venture with Wanxiang Corporation, the largest tier-one supplier to the Chineseautoindustry. The new equity injection for Ener1, Inc. 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.
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.
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