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Fiat Group and Guangzhou Automobile Group Creating JV for Chinese Market

Green Car Congress

Fiat Group and Guangzhou Automobile Group Co. GAC Group) signed a Framework Agreement to establish a 50/50 joint venture for the production of cars and engines for the Chinese market. Click to enlarge. The Linea made its debut at the Istanbul Motor Show in October 2006. The car was developed by Tofas A.S.,

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

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.

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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s sales decline in Asia comes as Chinese EV makers, including BYD’s aggressive price cuts , are squeezing foreign automakers out of the market. According to the Japan Automobile Importers Association (JAIA) , Japan’s EV imports rose 17%, accounting for nearly 10% of cars shipped to the nation in the first half of 2024.

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Fiat to enter Chinese market

Green Cars News

The Fiat Group has signed a joint venture agreement with Guangzhou Automobile Group Co Ltd for the production of cars and engines for the Chinese market. It was first manufactured in Turkey and marketed in a number of countries in 2007. It is expected that around €400million will be poured into the investment.

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Car sales in China surge on back of exports, offsetting sales slump at home

Baua Electric

(Bloomberg) Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. million cars, while exports rose 29 per cent to 400,000 units, the China Association of Automobile Manufacturers said in a monthly report.

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Eight new EV brands you’ve never hears of – and they don’t come from China

EV Central

With Western automobile companies withdrawing from Russia in the wake of its invasion of Ukraine, the local manufacturer Kamaz has developed plans to revive Soviet-era Moskvitch as an EV brand. The project is receiving Chinese support and the first model to be announced is the Moskvitch 3, which appears to be a close relation of the JAC S4.

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Aurus Senat limo that Putin gifted to Kim uses South Korean parts, data shows

Baua Electric

Parts were also imported from China, India, Turkey, Italy and other EU countries. Putin has now given Kim, believed to be a keen automobile fan, two Aurus cars, first during Kim’s visit to Russia in February, and a slightly different model in North Korea in June. million imported from South Korea.

Parts 52