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Delhi Transport Corporation (DTC) signed a definitive agreement with Tata Motors’ fully owned subsidiary, TML CV Mobility Solutions Ltd. for operation of 1,500 electric buses in the city of New Delhi. As part of the agreement, TML CV Mobility Solutions Ltd.
blend of its bio-isobutanol with gasoline marketed for use in automobiles has begun to be sold in the Houston area. Previously, Gevo and its partners have focused on specialty markets such as marinas and off-road engines. Gevo’s planned core markets. announced that a 12.5% Earlier post.). Gevo expects that the 12.5%
Enovix Corporation has secured $45 million in new funds to produce and commercialize its 3D Silicon Lithium-ion Battery. Rodgers and York Capital), and non-dilutive funding from market-leading customers. Enovix expects to supply the EV market within 5 years.
ENEOS Corporation, Suzuki Motor Corporation, Subaru Corporation, Daihatsu Motor Co. Toyota Motor Corporation , and Toyota Tsusho Corporation established the Research Association of Biomass Innovation for Next Generation Automobile Fuels (Research Association) to study ways to optimize the process of producing fuel.
DENSO Corporation and BlackBerry Limite announced the first integrated HMI (Human Machine Interface) digital cockpit system with BlackBerry QNX technology has shipped in the first vehicles by Japanese automotive manufacturer, Subaru. —John Wall, SVP and General Manager of BlackBerry QNX.
Last year, Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., Plans are to launch this system into the Chinese market this year. The planned joint venture will be based in Beijing and named Toyota SinoHytec Fuel Cell (FCTS).
The LADA brand leads on the Russian automotive market with more than 20% market share and is also present in 20 countries. In particular, we decided to pull ahead this Summer corporate vacation to 4-24 April 2022, and we will do our best to use this period to restore our supply chains.
American Suzuki Motor Corporation (ASMC), the sole distributor in the continental United States of Suzuki Motor Corporationautomobiles, motorcycles, all-terrain vehicles and marine outboard engines, will restructure under chapter 11. The company plans to wind down and discontinue new automobile sales in the continental US.
Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., GAC Group); Beijing Automotive Group Co., BAIC Group); and Beijing SinoHytec Co., Plans call for FCRD to be established in Beijing during 2020. SinoHytec’s YHTG80 80 kW fuel cell system.
Toyota Motor Corporation has commissioned Yamaha Motor to develop a 5.0-liter liter V8 engine for automobiles that is fueled entirely by hydrogen. Teaming up with companies with different corporate cultures and areas of expertise as well as growing the number of partners we have is how we want to lead the way into the future.
In a new report, “ Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ”, market research firm IDTechEx concludes that battery-swapping technology currently appears to be a winner in the two- and three-wheeler markets of the Asia-Pacific regions.
Leading motor manufacturer Nidec Corporation will form a joint venture with GAC Components Co., a member of China-based Guangzhou Automobile Group Co., As the trend of car electrification intensifies, the automotive motor market, strategically important for Nidec, is forecast to double its size to six trillion yen (US$55.9
Honda plans to introduce these models to the North American market as model year 2024 vehicles, one from Honda brand and the other from the Acura brand. These EV models will first be introduced to the North American market, and then to other regions of the world.
Fujitsu Limited and Toyota Systems Corporation launched a new automobile production instruction system at Toyota Motor Corporation’s Tsutsumi plant leveraging Fujitsu’s Quantum-Inspired Digital Annealer technology. Fujitsu plans to roll-out the service globally to markets outside of Japan from fiscal 2023.
With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. EV sales are expected to reach 25% of the Chinese market by 2030. Chinese ICE passenger car market. LCV market. Ltd (eGT) and Jiangxi Jiangling Group Electric Vehicle Co. It reached 3.3
Automobile manufacturers plan to roll out hydrogen fuel cell vehicles in the 2015 to 2017 timeframe, while California’s share of the US market for plug-in electric vehicles currently stands at nearly 40%. North American business strategy corporate manager. —Jim Pisz, Toyota Motor Sales, USA, Inc.
Toshiba Corporation has developed a new magnetic material with characteristics that deliver major improvements in motor efficiency at minimum cost, and with the potential to win significant reductions in power consumption.
Companies to retain independent corporate structures. Following a detailed review of combination options, Volvo Cars and Geely Auto have concluded they can secure new growth opportunities in their respective markets and meet evolving industry challenges through deeper cooperation, while preserving their existing separate corporate structures.
National Electric Vehicle Sweden AB (NEVS)—the rebirthed Saab—and Dongfeng Motor Corporation (Dongfeng) have signed a strategic cooperation agreement to achieve global industrial synergies. Dongfeng Motor Corporation (DFM) is the third biggest Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei Province.
The collaboration reflects Toyota’s recognition of the long-term potential of the urban air mobility market to meet the evolving needs of society, as well as Joby’s position as an industry leader in working to deliver safe and affordable air travel to everyone. —Toyota Motor Corporation President and CEO Akio Toyoda.
IHI Corporation and Hyundai WIA Corporation, a major automobile parts manufacturer and a major subsidiary of Hyundai-Kia Motor Group, have entered a joint venture agreement for turbochargers. Market demand continues to grow in line with new down-sized engines and government regulation for fuel consumption and exhaust emissions.
and Toyota Motor Corporation signed an agreement to establish a joint company to research and development for battery-electric vehicles (BEVs). TMEC) and the R&D centers established at Chinese joint-venture companies with China FAW Group Corporation (FAW) and Guangzhou Automobile Group Co., BYD Company Ltd.
In a new report , Grand View Research forecasts that global automotive LiDAR market will reach US$223.2 million by 2024, driven by the surging acceptance of automobile safety and automated driving applications. The market can be categorized, based on application types, into Advanced Driver Assistance Systems (ADAS) & autonomous cars.
joint venture between Chery Automobile Co., and Israel Corporation and headquartered in Shanghai ( earlier post ), has awarded AAM (American Axle & Manufacturing, Inc.) This vehicle will be produced in China for both the Chinese and European automotive markets. Qoros Auto Co.,
and Suzhou Automobile Research Institute at Tsinghua University have signed a Memorandum of Understanding, in which the two parties have agreed to promote a cooperative effort regarding the research of future automotive technology. Dispatch of visiting researchers from Nissan to Suzhou Automobile Research Institute. Nissan Motor Co.,
Suzuki Motor Corporation, Subaru Corporation (Subaru), Daihatsu Motor Co. Toyota Motor Corporation, and Mazda Motor Corporation reached an agreement to develop jointly technical specifications for next-generation vehicle communications devices.
Nidec Corporation announced that the Ni200Ex, the company’s 200kW e-axle traction motor system, has made its way into ZEEKR 001, an electric vehicle newly released by Geely Automobile Group under its premium Zeekr brand. Nidec has set a target of achieving a 40 - 45% global share in the EV traction motor market by 2030.
According to data from IHS Automotive, Ford Focus was the top selling nameplate in the passenger vehicle market in China in 2013. Changan Ford Automobile (CAF), Ford’s passenger car joint venture, sold 70,038 vehicles in January, up 62% from 43,269 sold during the same period last year.
Micro Bird Holdings, a Blue Bird and bus distributor Girardin joint venture and North American market leader in the Type A school bus market, has acquired a controlling interest in the EV drivetrain integrator and supplier GranTuned Automobiles (Ecotuned).
China FAW Group Corporation (FAW), a major state-owned automaker, recently released a new development strategy for its Hongqi luxury brand. In December 2017, FAW, Dongfeng Motor Corporation (DFM) and Changan Automobile —China’s three largest state-owned automotive manufacturers—signed a Strategic Cooperation Framework Agreement.
Toyota Motor Corporation unveiled two BEV concept models, the bZ Sport Crossover Concept and bZ FlexSpace Concept, at Auto Shanghai. 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.
In a press briefing held in Tokyo on its initiatives in automobile electrification, Honda announced that it will spend approximately ¥5 trillion (US$40 billion) in the area of electrification and software technologies to further accelerate its electrification over the next 10 years, including both R&D expenses (¥3.5 Introduction of EVs.
The first series-manufactured automobiles for the Chinese market are scheduled to come off the production line from 2024 onwards in Changchun. Cooperation with the SAIC Motor Corporation begins this year with production in the Shanghai Volkswagen plant in Anting/Shanghai.
Further to the joint announcement of May 23, 2012, Mazda Motor Corporation and Fiat Group Automobiles S.p.A. The new Alfa Romeo roadster will be developed for the global market, and will be based on the architecture of the next generation Mazda MX-5.
In July, Changan Ford Mazda Automobile (CFMA), Ford’s passenger car joint venture partner in China, sold 26,306 wholesale Ford-brand cars, up 44% from July last year. Sales at Jiangling Motors Corporation (JMC), Ford’s commercial vehicle investment in China, are likewise strong despite the contracting commercial vehicle market.
TDK Corporation and Toshiba Corporation have agreed to establish a joint venture—TDK Automotive Technologies Corporation—that will develop, manufacture and sell automotive inverters for hybrid vehicles, plug-in hybrid vehicles and electric vehicles. million units in aggregate.
China is a huge market for automotive semiconductors and China’s automotive shipments have ranked No. Today, automotive safety and comfort are attracting increased attention from consumers and the market for automotive electronics is also growing dramatically. 1 worldwide for three consecutive years.
AvtoVAZ, the largest automaker based in Russia, a part of Rostec Corporation, introduced three new LADA concept cars at the Moscow International Motor Show 2014. The move comes on the heels of AvtoVAZ-Renault-Nissan becoming the fourth largest manufacturer of automobiles worldwide following several successful moves by Rostec.
Toyota Motor Corporation, Chubu Electric Power Co., and Toyota Tsusho Corporation agreed to establish Toyota Green Energy LLP for the purposes of obtaining and managing renewable energy sources in Japan and supplying electric power from renewable energy sources to the Toyota Group in the future.
Guangzhou Automobile Group Co., —a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. Guangzhou Automobile Group. Qoros Auto Co. The GAC 4x4 Trumpchi hybrid is in production.
In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. The challenge for businesses is to serve this new middle class market at a time when resources are likely to be scarcer and more price volatile. Sector analysis: Automobiles.
Toyota Motor Corporation and Suzuki Motor Corporation entered into a capital alliance agreement to establish and promote a long-term partnership between the two companies for promoting collaboration in new fields, including the field of autonomous driving.
Honeywell and key suppliers will invest approximately $300 million to increase production capacity for HFO-1234yf, its low global warming potential (GWP) refrigerant for mobile air conditioning (MAC) systems in automobiles. Earlier post.) HFO-1234yf’s GWP is 99.9% lower than that of HFC-134a, the current refrigerant in use (GWP = 1,300).
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