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The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinesecompanies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).
Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., Each company will invest in the joint venture. FCRD is a company that holds tremendous significance for Toyota's global FC strategies. GAC Group); Beijing Automotive Group Co.,
Specialty chemicals company Evonik has invested in battery specialist SuperC. The Chinesecompany is a provider of graphene materials that improve the range, robustness, charging speed, and service life of lithium-ion batteries. The company’s materials are already used in products from leading Chinese battery manufacturers.
Benchmark Mineral Intelligence has elevated Chinese lithium-ion battery cell and automaker BYD to Benchmark’s top tier EV battery cell manufacturer status joining CATL, Envision AESC, LG Energy Solution, Panasonic, Samsung, and SK Innovation as tier one cell manufacturers. Supplier to domestic Chinese EV market.
Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. The Chinese name of Zeeker has been confirmed as Ji Ke.
Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. Chinese graphite prices are now the highest they’ve been for many years.
APG), one of China’s leading manufacturers of vehicle braking systems, will deploy the Visconti 4 image-recognition processor in its next-generation advanced driver assistance system (ADAS). This marks the first time that a Visconti family processor will be mass-produced for a company outside Japan.
The Manono Project is owned by AVZ (60%), La Congolaise d’Exploitation Minière SA (30%) (Cominiere, a State-owned enterprise) and Dathomir Mining Resources SARL (10%) (Dathomir, a privately owned company). AVZ is responsible for funding expenditure to completion of a feasibility study and a decision to mine.
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.
BYD Company Ltd. and Toyota Motor Corporation signed an agreement to establish a joint company to research and development for battery-electric vehicles (BEVs). Additionally, BYD and Toyota plan to staff the new company by transferring engineers and the jobs currently involved in related R&D from their respective companies.
Volvo Cars has reached an agreement with Baidu, the leading Chinese internet search provider, jointly to develop electric and fully autonomous drive-compatible cars with the aim of mass producing them for China, the largest car market in the world. The collaboration with Baidu is Volvo Cars’ first of its kind in China. Earlier post.).
The round was led by Chinese VC Fosun RZ capital, with additional funds provided by JAL ventures, previous investor Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Allied Group subsidiary Champion Motors, the Israeli direct importer and distributor of Volkswagen Group.
billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). We’re seeing more companies raising funds as they look to make the jump from concept cars to high-volume manufacturing. —Colin McKerracher.
Ltd (formerly known as SIH Truck), a premium Chinese brand in the manufacturing, service and support of heavy-duty vehicles, signed a strategic Memorandum of Understanding (MoU) under which the two companies will integrate the Allison eGen Power 130D e-Axle into SAIC Hongyan’s regional and long haul tractors.
Israel-based Foresight Autonomous Holdings, a developer of automotive vision systems, has signed a paid proof-of-concept (POC) project with the Chinese subsidiary of one of the world’s leading manufacturers of industrial equipment, heavy machinery, construction and mining equipment.
Trunk is the first company to go into production with autonomous trucking solutions for the container logistics market, currently valued at some US$19 billion. Trunk is a full-stack supplier for truck manufacturers. Trunk’s founders are Chinese pioneers in autonomous driving. Ingo Ramesohl, the managing director of RBVC.
Audi FAW NEV Company Ltd.—the —the first cooperation company with a majority interest held by Audi in China—is set too begin construction on its new EV plant in Changchun, following approval by the Chinese authorities.
China-based SANY, one of the largest construction equipment manufacturers in the world, is developing hydrogen fuel cell construction vehicles; two recent examples include a dump truck and a mixer truck, freshly rolled out of SANY’s intelligent flagship factory. The latter is the first hydrogen-powered mixer truck in the world.
Through this pilot project, we are bringing Volkswagen’s long tradition of precision engineering, design, and innovation to the next level, by developing a premium product that will serve the vertical mobility needs of our future tech savvy Chinese customers. In the first phase of its commercial use, V.MO
better known as Shacman Trucks outside China, is one of the largest truck manufacturers in China. Shaanxi comprises four truck companies, delivering more than 150,000 new trucks worldwide each year, including 10,000 trucks per year for the mining sector. Detection Range: 20cm to 600m.
China continues to dominate gigafactory announcements, but North America and Europe have seen significant growth over the past two years thanks in part to automaker and battery manufacturer joint ventures. Joint ventures between automakers and battery companies have been central to this growth.
Siemens Digital Industries Software has partnered with Tianmu Lake Institute of Advanced Energy Storage Technologies (TIES), a major Chinese energy storage research and development center, to build an Advanced Battery Technology Innovation Center. —Professor Hong Li, Chief Executive Officer at TIES.
a leading China-based Internet platform and AI company, plans to establish a company to produce intelligent electric vehicles (EV), and that it has entered into a strategic partnership with multinational auto manufacturer Zhejiang Geely Holding Group. Baidu, Inc., —Robin Li, Co-founder and CEO of Baidu.
The new TTTech Auto branch in Shanghai will bring its expertise and the series proven safe vehicle software platform, MotionWise , to car manufacturers, Tier 1 suppliers and partners to the rapidly developing Chinese automotive market. Software has become a key competitive advantage for automotive companies around the world.
Toyota Motor Company and Beijing SinoHytec have established a joint venture company to promote the commercial vehicle fuel cell system industry in China. Last year, Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., Earlier post.).
Total visible copper stocks (LME + COMEX + SHFE + Chinese bonded warehouses) amounted to just 560kt at the end of January, noted critical materials supply chain intelligence company Roskill—only 11kt more than the lowest recent stock level of 549kt in December 2019.
Swedish battery materials company Altris AB, which specializes in producing highly sustainable cathode materials for rechargeable sodium batteries, has officially opened its first office in China. The company is also planning to scale up production of Fennac to an industrial level in 2022.
The company is investing €400 million in a new vehicle assembly at the main plant in Munich. The combustion engines with four, six, eight and 12 cylinders produced there will be manufactured at the company’s locations in Steyr in Austria and Hams Hall in the UK going forward. Sustainability in production.
German media claims Volkswagen may be negotiating with a Chinesecompany about a joint venture in Germany. The post Volkswagen Considering A Joint Venture With A ChineseManufacturer — In Germany! appeared first on CleanTechnica.
Linkdata New Energy , a Chinesemanufacturer of lithium-ion batteries, launched its 26-46mm diameter series of cylindrical lithium-ion battery products. Meanwhile, the SPEED3 family avoids multiple challenges facing the 46mm products, such as manufacturing process, thermal conductivity, power, and structural design.
CBAK Energy Technology, a lithium-ion battery manufacturer and electric energy solution provider, signed a three-year strategic agreement with Anhui Jianghuai Motors Group Co., JAC Motors is a Chinese state-owned automobile and commercial vehicle manufacturer. Ltd for joint product development.
Audi and FAW are forming a new new cooperation company for the future production of PPE-based electric vehicles in Changchun in the northeast of China. Local manufacture of the first PPE model produced jointly with FAW is scheduled to start by 2024. Audi has so far delivered almost 7 million vehicles on the Chinese market.
The coronavirus (COVID-19) outbreak in China will impact the green energy sector, including renewable energy sources, battery energy storage, electric vehicles (EVs), and renewable heating and cooling, says data and analytics company GlobalData. —Sneha Susan Elias, Senior Power Analyst at GlobalData.
The two companies will also discuss the development of an efficient production system to ensure stable supply capacity for jointly developed batteries. The companies are also considering the joint establishment of a secure supply structure geared toward future global business opportunities. Nissan Motor Co., Earlier post.).
However, the study reveals there has been an increase in interest in the US and Chinese markets. Increasing future sales for BEVs will rely on companies improving awareness of their product. Adopting new technology is a challenge for most consumers, and the bigger the purchase the bigger the challenge for manufacturers.
Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Its ambition to surpass Tesla is no secret, says GlobalData, and the company wants four out of every 10 cars it sells to be a BEV by 2030.
How Electrifying Transport and Chinese Investment are Playing Out in Indonesia —focuses on nickel as a critical mineral, but has implications for the broader minerals and materials supply chains needed for broad-scale energy transition. This surge occurred mostly in China, driven by steel manufacturing.
Nidec first revealed its automotive traction motor system in September 2017; the company later went on to announce the successful development of a refined design that fully integrates the reduction gearbox and inverter. Nidec started out as a manufacturer of small electric motors for appliances and other machines in 1973 in Kyoto, Japan.
The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. On May 14, 2024, the Biden Administration released new tariffs on Chinese EV imports and other sectors to protect American workers and businesses in the United States. According to U.S.
The Volkswagen Group is strengthening its position on the Chinese automotive market with cooperations between the VW brand and XPENG and between Audi and SAIC. The initial stage of the cooperation will provide for the joint development of two VW-brand electric models for the mid-size segment in the Chinese market.
All car manufacturers seem to be following in the same footsteps as Tesla. and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% in the April report for the Institute for Supply Management’s Manufacturing Index.
The combined capabilities will enable the strategic collaboration partnership to offer innovative and reliable electrified propulsion solutions to commercial vehicle manufacturers around the world.
billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. This US-owned and operated manufacturing plant in northern Alabama will be the first of its size in North America. Earlier post.) Of that, $1.6
The world of electric car manufacturing is expanding, as Chinesecompanies build new factories in more countries. The post Electric Car Companies Push Back Against Restrictive Trade Policies appeared first on CleanTechnica.
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