This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
China-based and -focused CCID Consulting estimates that the China passenger vehicle market will need at least 1.802 million tons of aluminum sheets annually, assuming that aluminum replaces 15% of the steel used in automobile manufacturing by 2015. Specifically, CCID says, aluminum sheets for automobile body will be the most promising sector.
Spyker) announced that it and Saab Automobile AB have signed a Memorandum of Understanding (MoU) with Pang Da Automobile Trade Co., Ltd (Pang Da), China’s largest publicly traded automobile distributor with more than 1100 dealerships nationwide. Pang Da shall make a €30 million (US$42.4
Koenigsegg Group AB has terminated the agreement for its proposed purchase of GM’s Saab. We’re obviously very disappointed with the decision to pull out of the Saab purchase. GM and Koenigsegg had signed a stock purchase agreement regarding the sale of 100% of the shares of Saab Automobile AB in August.
Saab Automobile AB has closed on the sale to Beijing Automotive Industry Holdings Co. —Jan Åke Jonsson, Managing Director of Saab Automobile. Late in November, Koenigsegg Group AB terminated the agreement for its proposed purchase of GM’s Saab. Saab will assist BAIC to integrate this technology into future BAIC vehicles.
According to the Beijing Municipal Commission of Development and Reform, the city will not take administrative measures to restrain residents from buying automobiles in order to deal with the growing congestion resulting from the increasing size of the city vehicle parc. About 19 million Chinese obtained a driving license in 2009.
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. Ltd (SAIG) to manufacture inner-city electric buses.
a member of China-based Guangzhou Automobile Group Co., GAC Components is a subsidiary of major Chinese car manufacturer Guangzhou Automobile Group with the sixth-largest market share in the increasingly environmentally strict China. GAC Components mainly manufactures automobile interior parts, electric components, etc.
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
China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. 2012 Chinese Auto Industry Development Report. L/100km (40 mpg US) or less.
They will be launched in the Chinese market in 2024 as two models out of the ten BEV models that Toyota plans to release by 2026. It is being jointly developed by Toyota; Guangzhou Automobile Group (GAC); GAC Toyota Motor; and TMEC, and is planned to be produced and sold by GAC Toyota Motor.
China is pushing toward an all-electric vehicle future, and officials predict that a complete ban on gas-powered automobiles will happen by 2040. Chinese consumers are already adopting EVs in large numbers and are on track to purchase more than one million by the end of 2018.
Results from a study by a team from Carnegie Mellon University, Ford and Drexel University suggest that Chinese consumers are more receptive to adopting battery-electric vehicles (BEVs) than their American counterparts, regardless of subsidies. The study is published in the journal Transportation Research Part A.
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.
Although IDTechEx believes battery-swapping remains unlikely to thrive in the US, many Chinese OEMs are now entering the European market. IDTechEx research suggests that on average, decoupling the cost of the battery from the electric vehicle can reduce the purchase price of EVs by 20%.
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. Earlier post.).
(Image credit: Shenlan) Shenlan, Changan Automobile's new energy vehicle (NEV) brand, is offering consumers tens of thousands of yuan in incentives to purchase vehicles as the auto price war in China continues. In addition to the Shenlan brand, Changan is offering car purchase incentives for its other sub-brands.
Nippon Yusen KK is expanding its car terminal business in emerging market economies, with China and India rapidly growing as automobile exporters. Nippon Yusen recently purchased a 12.5% stake in a Chinese firm that operates a car terminal in Guangzhou. Those terminals handled 4.25
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
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. billion, down 15% on 3Q 2017, while the purchase of small-scale solar systems of less than 1MW totaled $13.5 billion, up 9% on a year earlier.
The Volkswagen ID.UNYX electric vehicle (EV) received approval from the Chinese government recently. VW Anhui is a joint venture between the German automaker and Anhui Jianghuai Automobile Group or JAC—NIO’s former manufacturer. According to Reuters , the Volkswagen ID.UNYX is registered and approved by China’s Industry Ministry.
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.
Americans are much less likely than consumers in other major industrialized countries to purchase an electric vehicle or hybrid, largely because of concerns over access to charging stations away from home, according to a survey by global consulting firm OC&C Strategy Consultants.
This strategic collaboration with Weichai—a leading automotive equipment manufacturer specializing in the production of powertrains, automobiles, intelligent logistics, automotive parts and components—underscores our high conviction in the opportunity for Fuel Cell Electric Vehicles, or FCEVs, in China’s Heavy Duty Motive market.
Multiple publications claimed that rising competition with Chinese EV manufacturers may lead to Tesla Giga Shanghai’s presumed production cut in December. Piper Sandler analyst Alexander Potter said Giga Shanghai would not cut production because of rising competition in the Chinese EV market. of full-year sales.
The fast-growing semiconductor market for China’s automotive industry is set for double-digit expansion in revenue this year, propelled by an increasing desire among Chinese car buyers for added vehicle safety features and helpful infotainment applications such as car navigation, according to a new report from IHS Technology (NYSE: IHS).
To facilitate the formation of the JV, CBA will acquire a 100% holding in Shenyang Brilliance JinBei Automobile Co., As a top global automotive company, Groupe Renault is entering into a promising and high potential Chinese LCV market which accounts for upwards of 3 million vehicles per year.
Broadly, the survey found that the majority of consumers’ in the world’s four largest automotive markets either identify themselves as potential first movers, or at least willing to consider purchasing an electric vehicle (China 93%, Europe 69%, US 54%, and Japan 48%). of GDP, and the reduction of carbon emissions by 17%. gallon US).
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. With the current sales figures and the seductive future expectations, Southeast Asia has successfully attracted the attention of Chinese car companies.
Due to this fact, some automakers, like Volkswagen, must purchase regulatory credits from other automakers to meet the emissions targets. It helps the purchasing automaker avoid hefty fines, while it can help the selling automaker solidify financial safety and fund projects. It appears Volkswagen will still purchase credits from Tesla.
Now both parties have agreed to expand their cooperation from technical development to further business areas such as global purchasing and distribution network. Dongfeng Motor Corporation (DFM) is the third biggest Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei Province. million units in 2014 and 1.83
China-based internet company LeEco unveiled its LeSEE electric car concept this week at Auto China 2016—The 14th Beijing International Automobile Exhibition. Ding also served as the Deputy project lead for Shanghai Automotive Industry (Group) Corporation and oversaw the purchase of MG Rover. Earlier post.) Ding received a B.S.
And unlike previous recessions, we’re not just dealing with people’s fears or purchase delays. MG (owned by the Chinese SAIC) was the only group to post an increase in registrations, with its volume jumping from 1,327 to 2,592 units. However, before they could look to buy, COVID-19 struck the industry and disabled purchasing power.
The Chinese LCV market is reaching upwards of 3 million units annually. To form the JV, Groupe Renault is purchasing a 49% equity interest in Shenyang Brilliance Jinbei Automobile Co., It will change the map of the Chinese and even global LCV market. The new JV will be known as Renault-Brilliance Jinbei Automotive Co.,
This was according to an announcement from the China Association of Automobile Manufacturers and the National Computer Network Emergency Response Technical Team/Coordination Center of China. Tesla became one of the first automakers in China to earn a “Vehicle Privacy Protection” certification.
In addition, Zhongshan Broad-Ocean Motor —a current Ballard strategic investor and Chinese partner—has agreed to invest a further approximately $20 million at the same 15% premium to maintain its 9.9% Ballard Power Systems has entered into a strategic collaboration with Weichai Power Co., ownership position in Ballard.
The Hyperbrake can be utilized in any hydraulic system, according to Janel Hydro, and is being used on several experimental automobiles. Use of the Hyperbrake thus allows the removal of the vacuum booster system which is currently standard on all new automobiles.
The China Association of Automobile Manufacturers also noted that Tesla has cleared data security and processing requirements in the country. In the US, FSD can be purchased outright for $8,000 or subscribed as a service for $99 per month. FSD (Supervised) has so far only been released to the United States and Canada.
Audi is thinking about purchasing an electrical platform from a competitor in China to cut building occasions for its unused fashions, corporate resources informed Automobile Information Europe sister newsletter Automobilwoche. BYD and BAIC are amongst Chinese language automakers with EV platforms which may be worn via Audi.
Reflecting the rapid evolution of the automobile as an application development platform, both Ford and GM announced programs to support third-party development of in-vehicle applications at CES in Las Vegas. Sina is an online media company serving China and the global Chinese communities. Ford Developer Program.
Production is booming too — Chinese language manufacturers account for approximately part of all EVs offered globally, HSBC analysts stated in a up to date be aware. Tax Breaks: An ordinary 10% tax levy has been waived for clean-car purchases below 300,000 yuan till 2025, and can go back at 5% for 2026 and 2027. It may well get pricey.
Image credit: Chery New Energy) Chinese auto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. In January-February, Chery's NEV sales were 13,293 units, down 57.6 percent from 31,367 units in the same period last year.
The Tesla Model Y has the best resale value out of any other battery electric vehicle in China according to data from the China Automobile Dealers Association. Considering that Elon Musk has mentioned that the Chinese automotive companies are the most competitive in the world , this says a lot about the American company.
Nio, a Chinese smart electric vehicle manufacturer, expects deliveries to drop by as much as 11 percent in the second quarter of this year as a result of anti-pandemic restrictions across the mainland. The strict regulations put a burden on automotive supply networks and discouraged EV enthusiasts from purchasing vehicles.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
290 
Let's personalize your content