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Balqon to build electric buses in China with SAIG

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California-based Balqon Corporation, a developer of heavy-duty electric vehicles, drive systems and lithium battery storage devices ( earlier post ), has entered into a Joint Development Agreement with China-based Sichuan Automobile Industry Co., Sichuan Automobile Industry Co.

China 300
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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

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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 Auto Industry Development Report. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.

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Kandi Vehicles signs LOI with China Aviation Lithium Battery Co., Ltd. to promote 20,000 EVs in Hangzhou

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CALB), a subsidiary of Aviation Industry Corporation of China (AVIC) to promote 20,000 pure electrical vehicles in Hangzhou. The LOI signed by Kandi and CALB is to facilitate faster development of China’s electric vehicle industry and to secure Kandi and AVIC’s positions in the EV and lithium battery industries.

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Motor vehicle taxation brings in €440.4B for governments in major European markets

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This just goes to show the sheer scale of the importance of the automobile industry to Europe. It is clearly paramount to the overall health of the EU economy, and government budgets in particular, that we can successfully re-launch our industry in the aftermath of the COVID-19 crisis.

Motoring 284
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Delaware adopting California’s ZEV regulations

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In states already in the program, the automobile industry has successfully met the required percentage. The DNREC Clean Vehicle Rebate Program currently offers rebates up to $2,500 within 90 days of a vehicle purchase or lease before June 30, 2022. Transportation is the leading source of greenhouse gas emissions in Delaware.

Delaware 284
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CATL starts construction of Li-ion factory in Germany; 14 GWh by 2022

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CATL has developed partnerships with a number of European companies in the automobile industry including BMW, Volkswagen, Daimler, Volvo, and Bosch. Germany is home to a strong automotive industry and several of CATL’s key customers. —Matthias Zentgraf, Co-president Europe CATL. —Matthias Zentgraf.

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Nidec to Acquire Emerson Electric Co. Motors & Controls Business

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Japan’s Nidec Corporation, the world’s leading manufacturer of motors for hard-disk drives, has entered into an asset and stock purchase agreement with Emerson Electric Co. EMC) to acquire EMC’s Motors & Controls business in an all cash deal. Terms of the arrangement were not disclosed. Earlier post.) billion) by the fiscal year 2015.

Motoring 186