Remove Auto Industry Remove Chinese Remove Companies
article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry 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.

article thumbnail

The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. auto sector,” the organization writes. auto industry appeared first on TESLARATI.

article thumbnail

Italy exploring partnership with Tesla, Chinese carmakers to bolster domestic auto industry: report

Teslarati

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.

Italy 114
article thumbnail

Volvo Cars Tech Fund invests in electric car charging company FreeWire

Green Car Congress

Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. FreeWire is a San Francisco-based company that has been a pioneer in flexible fast-charging technology for electric cars. BP’s venturing business invested $5 million in FreeWire earlier this year.

Volvo 230
article thumbnail

Volvo Buses and SAIC Motors form joint company for new energy driveline systems; electric and hybrid buses

Green Car Congress

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. The new company will be owned by SAIC with 60% and by Volvo with 40%. Today, Chinese companies are already at the cutting edge in new energy buses.

Volvo 199
article thumbnail

BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

Build Your Dreams, or BYD, is likely one of the largest companies you’ve never heard of. 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 auto industry to come with it.

article thumbnail

China, Two Chinese Firms to Buy Delphis Brakes and Suspension Businesses

Green Car Congress

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 auto industry. The Chinese will pay $100 million in cash for the Delphi businesses.

Chinese 150