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Fiat Group Automobiles S.p.A., Chrysler Group International LLC and Guangzhou Automobile Group Co., GAC Group) have reached an agreement to expand the joint venture partnership. The expansion of the cooperation and the related projects have already been approved by the relevant government authorities.
Fiat Group Automobiles S.p.A., Chrysler Group International LLC. and Guangzhou Automobile Group Co., After Fiat, the next brand planned to be localized by the GAC Fiat JV will be Chrysler Group’s Jeep brand (production in China for Chinese market only). GAC Fiat Automobiles Co., billion Yuan (US$289 million).
The Nikkei reports that Toyota plans to develop hybrid vehicles with two Chinese automakers; Toyota made the announcement at the Guangzhou InternationalAutomobile Exhibition. Although Toyota’s Chinese joint ventures assemble hybrids, the company so far has brought in key components such as batteries and motors from Japan.
Innoviz Technologies, a leading provider of high-performance, solid-state lidar sensors and perception software, announced cooperation with Shaanxi Heavy Duty Automobile Co. Shaanxi Heavy Duty Automobile Co. in Xi’an, China to deploy autonomous trucks for an upcoming project in one of the biggest ports in China.
National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.
The state-owned Chinese vehicle maker Ankai Automobile Co. Ankai is China’s third-largest bus company; it has partnered since 1993 with Daimler Buses, producing Setra brand buses under license for the Chinese market. Global Atlanta. is developing a plug-in hybrid electric bus for the US market. Earlier post.).
Designers and engineers initially created the Audi urbansphere for use in traffic-dense Chinese megacities, although the concept is also suitable for any other metropolitan center in the world. —Markus Duesmann, Chairman of the Board Management at AUDI AG and responsible for the Chinese market. Drive system and charging.
At least two Chinese automakers are bringing some of their new energy vehicles—hybrid, plug-in hybrid and battery-electric—to two of the major international auto shows in the first quarter of this year. Guangzhou Automobile Group Co., Guangzhou Automobile Group. Click to enlarge. Qoros Auto Co. Qoros Auto Co.
Saab Automobile AB has closed on the sale to Beijing Automotive Industry Holdings Co. —Jan Åke Jonsson, Managing Director of Saab Automobile. BAIC) to explore growth opportunities in the Chinese and international markets for the products of SAAB Automobile and BAIC. Earlier post.) Earlier post.).
and Saab Automobile AB (Saab Automobile) have signed an agreement with Hawtai Motor Group Company Limited (Hawtai). We expect that Saab’s unique brand values based on its aviation heritage, Scandinavian origins and innovation-driven character will do very well in the Chinese market. Spyker Cars N.V.
At the 10 th China (Guangzhou) InternationalAutomobile Exhibition, Honda announced it was introducing the Insight and the Fit Hybrid to the China market, in addition to the CR-Z, which was launched in July. Honda also announced its plans to further expand its lineup of hybrid models in China.
National Electric Vehicle Sweden AB (NEVS), an international consortium formed by Swedish and Chinese stakeholders, finalized its acquisition of the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB, effective 31 August 2012. Earlier post.).
a member of China-based Guangzhou Automobile Group Co., Among all the products in the market, companies’ attention and Nidec’s particular focus are on the traction motor, one of the most important components to replace the existing internal-combustion engine. to manufacture automotive traction motors. Nidec in-wheel motor.
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.
Mitsubishi Chemical Holdings Group (MCHG) will increase the production capacity of natural graphite anode material from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei and affiliated company Qingdao Lingda Kasei. The production line is scheduled to start operation in the first half of fiscal 2023.
JAC Motors is a Chinese state-owned automobile and commercial vehicle manufacturer. Founded in 1964, JAC Motors is among the top four domestic Chinese vehicle brands, has an R&D team of 5,000 people. By the end of 2019, JAC Motors had exported more than 640,000 vehicles to the international market.
This progress includes advanced internal combustion engines; efficient transmissions; lightweight materials; and hybrid and other energy-saving technologies. However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies.
GSR is honored to lead this round of investment in a disruptive technology that we believe has great promise for the Chinese automotive market and potentially building a global EV platform. This marks Protean Electric’s entry into China, the world's largest automobile market. In 2011, China automobile sales exceeded 18.5
China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. The company ranked 5 th among all brands in J.D.
At the 2022 China International Import Expo (CIIE), the largest import trade show in the world, Tesla showed off its growing allure to Chinese consumers through an exhibition of its compelling electric vehicles and its upcoming humanoid robot. This photo taken on Nov. This photo taken on Nov. The CIIE is scheduled on Nov.
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 People’s Daily. million units in July, up 63.57
Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximize the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales.
FHI), the manufacturer of Subaru automobiles, will debut its EyeSight driver assist technology in China. EyeSight’s launch on the Chinese market, following on from its introduction to the Japanese, Australian, North American and European markets, enables FHI to extend EyeSight’s deployment across markets globally.
StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chineseautomobile manufacturer Chery Holding Group (Chery) establishing a joint venture between the two companies. Total investment could be up to €500 million.
In a further extension of Ricard’s collaboration with the Lifan Automobile Group based in Chongqing, China, the company will assist in the development of a new turbocharged gasoline direct injection engine.
Volkswagen Aktiengesellschaft, Volkswagen Group China and Anhui Jianghuai Automobile Co., JAC is an established brand in the Chinese market with a strong track record of producing multi functional vehicles that are popular with consumers. It will cover both internal combustion engine and new energy models. Earlier post.).
As much as skeptics insist that the internal combustion engine (ICE) is dead and hydrogen is a non-starter, it appears that significant research and development is being conducted into the technology across geographies. These engines offer zero vehicular emissions, quick charging, and better ranges. China Yuchai.
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. It also calls for the city to promote electric-car adoption in fleet segments including public-sector vehicles and private-sector fleets such as taxis.
Geely Automobile Holdings is buying the bankrupt Australian transmission supplier Drivetrain System International (DSI), becoming the first Chinese automaker to make an overseas acquisition during the financial crisis. Shanghai Daily.
Volvo Cars China and Shanghai InternationalAutomobile City Group—a local government supervision authority— will undertake a demonstration program with two Volvo C30 Electric cars in the community of Jiading outside Shanghai. —Ni Yaomin, Deputy Governor of Jiading District, Shanghai.
According to figures released by the China Association of Automobile Manufacturers (CAAM), in the first eleven months of 2012 Chinese self-developed brands exported 470,000 passenger vehicles in total—with automotive manufacturers on average showing a 30% sales increase over 2011 figures.
ZAP and Jonway Group announced they had earlier signed definitive agreements according to which ZAP will acquire 51% of Zhejiang Jonway Automobile Co. ZAP is a 15-year-old California EV company and Jonway Auto is a wholly owned subsidiary of Jonway Group, a 20-year-old Chinese vehicle manufacturer. million in cash. Earlier post.)
Ricardo will assist Lifan Automobile Group based in Chongqing, China, with the development of a family of highly downsized gasoline engines capable of meeting future Chinese and international fuel economy and emissions regulations.
GM and Koenigsegg had signed a stock purchase agreement regarding the sale of 100% of the shares of Saab Automobile AB in August. BAIC) to explore growth opportunities in the Chinese and international markets for the products of SAAB Automobile and BAIC. —Fritz Henderson. Earlier post.) Earlier post.).
BAIC) to explore growth opportunities in the Chinese and international markets for the products of SAAB Automobile and BAIC. Koenigsegg Group will own 100% of SAAB Automobile AB. This is an important step on the road to a new SAAB Automobile. The intention is to conclude an agreement later this year.
Introduced at the 15 th annual Shanghai InternationalAutomobile Industry Exhibition (Auto Shanghai) in April, the transmission improves shift quality, durability and reliability and debuts in the Roewe 550 midsize sedan in 2013. BorgWarner United Transmission Systems Co.,
Which countries are leading the shift from internal combustion engine automobiles to EVs? billion package of tax breaks over four years to incentivize Chinese citizens to buy EVs and other greener cars. [Ed. Chinese automaker Nio is challenging Tesla and BYD in China EVs are gaining momentum in Africa, too.
US-based electric vehicle provider ZAP and China auto manufacturer Zhejiang Jonway Automobile Co. Jonway currently manufactures several thousand units per month of its A380 compact SUV in 3- and 5-door models and is expanding its product line with new model sedans and other automobiles. The Jonway A380. Click to enlarge.
To counter this trend triggered by China’s rapid motorization, the Chinese government is adopting a broad range of policies, including improvements in the fuel economy of new vehicles and the promotion of alternative-fuel vehicles, EIA notes. China vehicle sales and gasoline consumption. l/100 km) by 2015 and 47 miles per gallon (5.0
The CHAdeMO protocol, a Direct Current fast charging standard recognized by the IEC (International Electrotechnical Commission) ( earlier post ) and the most popular international standard with more than 18,500 charging points covering the EV market worldwide, set its specification at 500V and 125A when it was initially defined in 2009.
An affiliate of Navistar International Corporation and Anhui Jianghuai Automobile Co. The engine joint venture will focus on meeting emerging needs of the Chinese commercial truck market with Euro IV and Euro V compliant technology. An affiliate of NC 2 , a joint venture between Navistar and Caterpillar, Inc.
Under the contract placed by JAC—officially the Anhui Jianghuai Automobile Group Co Ltd (JAC) of Hefei, Anhui Province—Ricardo is providing advanced thermal simulation and test guidance to support the development of a passenger vehicle with a downsized gasoline engine. —Ricardo Asia president Gary Tan.
There was a $1-billion initial public offering by NIO, a $585-million Series C venture capital round by Guangzhou Xiaopeng Motors and a $294-million pre-IPO round by Zhejiang Dianka Automobile. The largest six VC/PE new equity deals of 2018 so far have all involved Chinese electric vehicle firms, including the two mentioned above during 3Q.
a wholly-owned Honda subsidiary in China, plans to stage the world premiere of an all-new concept model as well as other new Honda models at Auto Shanghai 2015 (The 16th InternationalAutomobile & Manufacturing Technology Exhibition, press days: April 20-21, 2015, public days: April 22-29, 2015). and Dongfeng Honda Automobile Co.,
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