Remove Automobile Industry Remove Chinese Remove Market
article thumbnail

Volkswagen Group and FAW to build 2 new vehicle plants in China; “Our most important market”

Green Car Congress

China has become our largest and most important market. To satisfy the demands of our customers in the country, we are engaging in a further substantial expansion of our capacities in China together with our Chinese partner FAW Volkswagen. —Prof. million vehicles between January and May 2014, representing a rise of 17.7%

China 210
article thumbnail

Better Place, China Southern Grid sign strategic agreement on battery switching; Guangzhou accord to encourage production of EVs with switchable batteries

Green Car Congress

The Guangzhou accord calls for the municipal government to encourage local car manufacturers, such as Guangzhou Automobile Industry Group, to produce electric cars with switchable batteries. — Better Place Founder and CEO Shai Agassi. —Shai Agassi.

Grid 299
article thumbnail

Volkswagen Group to Invest 4B by 2011 to Expand Activities in China

Green Car Congress

The investments are to be financed from the cash flow of the Chinese joint venture companies. For the Volkswagen Group, China is one of the most important markets in the world. "In In China, we will see clear double-digit growth in 2009 and expect to remain the market leader in the future. percent) in the first half of 2009.

China 210
article thumbnail

Volkswagen extends cooperation with China joint venture partner FAW Group for 25 more years; enhanced R&D on alt drive systems

Green Car Congress

After 20 years of cooperation, the Volkswagen Group and its Chinese joint venture partner First Automotive Works (FAW) are extending their present partnership for a further 25 years—i.e., The Volkswagen Group is one of the most successful companies in the Chinese automobile industry. until the year 2041.

China 218
article thumbnail

Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

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. However, the Southeast Asian market at home has recently become a new target for many car companies. A large market of 10 million vehicles.

Asia 97
article thumbnail

Volkswagen Adding 1.6B to Investment for China; 6B Total

Green Car Congress

In view of the dynamic development of the Chinese automobile market, Volkswagen has added €1.6 Growth in the Chinese automobile market has exceeded everyone's expectations”. In 2010, the Volkswagen Group will be launching a total of seven new or updated models produced locally on the Chinese market.

China 186
article thumbnail

Renault and Brilliance sign strategic cooperation agreement with Liaoning province, China; 3 new electric LCVs in 2 years

Green Car Congress

a joint venture to manufacture and sell light commercial vehicles (LCV), signed a Strategic Cooperation agreement with Chinese officials from Liaoning Province to further accelerate growth of LCVs in China. The Chinese LCV market forecast is for 3 million units per year, growing and moving rapidly.

China 207