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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. BDNT); as well as sales companies in Hong Kong and Taiwan.

Chinese 259
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Defending Taiwan With Chips and Drones

Cars That Think

The majority of the world’s advanced logic chips are made in Taiwan, and most of those are made by one company: Taiwan Semiconductor Manufacturing Co. While it seems risky for companies like Nvidia, Apple, and Google to depend so much on one supplier, for Taiwan’s leaders, that’s a feature, not a bug.

Taiwan 118
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TM4 JV Prestolite Electric Propulsion Systems launches production at its Chinese facility

Green Car Congress

In 2015, the company will increase its capacity to 500 units per month to meet demand. Several Chinese manufacturers are already using PEPS products and buses equipped with these technologies have been exported to countries such as Germany and Taiwan. PEPS has also set up facilities to test, validate and optimize its products.

Chinese 199
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Taiwan Reboots Its Solar-Power Fishponds

Cars That Think

Taiwan is striving to massively expand renewable generation to sustain its semiconductor fabs, and solar is expected to play a large role. Is Taiwan’s aquavoltaics plan unrealistic? Critics of Taiwan’s renewed aquavoltaic plans thus see the government’s goal as unrealistic.

Taiwan 132
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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

Green Car Congress

a provider of next-generation lithium-ion battery cells, modules and systems ( earlier post ), has entered a multi-year agreement to provide lithium-ion battery systems to Beijing Electric Vehicle Company (BJEV), the electric vehicle delivery arm of Beijing Automotive Industry Company (BAIC). Boston-Power, Inc., Earlier post.).

Boston 265
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SK signs MOU with Taiwan’s Formosa Plastics for stationary Li-ion energy storage systems

Green Car Congress

SK Energy and Taiwan’s Formosa Plastics Group have signed a memorandum of understanding to develop stationary Li-ion energy storage systems. Formosa Plastics Group is the largest company in Taiwan and the largest private petrochemical company in Asia. The two companies will then complete work on the system together.

Li-ion 210
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. Following our technical cooperation with BAIC Motor and the setup of our integrated sales company, we are now taking the next step in deepening our relationship even further.

Motoring 247