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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., SinoHytec’s YHTG80 80 kW fuel cell system.
Volvo Car Corporation and China Development Bank Corporation have signed a Memorandum of Understanding (MoU) for a strategic partnership. —Stefan Jacoby, CEO & President of Volvo Car Corporation.
This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.
China Petroleum and Chemical Corporation (Sinopec), one of China’s biggest energy companies and Airbus are developing and promoting renewable aviation fuel production for regular commercial use in China. Earlier post.). Airbus currently supports alternative fuel value chains in Australia, Latin America, Europe and the Middle East.
Mitsubishi Electric Corporation has developed a multi-modal character input human-machine interface (HMI) for next-generation Chinese-language car navigation systems. Various features of the Chinese language, however, have created a strong need for flexible character-input methods that ensure easy usage by all Chinese speakers.
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).
In January 2011, Shanghai was selected as an international electric vehicle pilot city by the Chinese government and the Jiading district of Shanghai was announced as an electric vehicle demonstration zone. In June 2011, Volvo Car Corporation started the production of the Volvo C30 Electric.
At least two Chinese automakers are bringing some of their new energy vehicles—hybrid, plug-in hybrid and battery-electric—to two of the major international auto shows in the first quarter of this year. The only Chinese automaker exhibiting in the Detroit show, GAC Group brought three of its newly developed new energy vehicles.
—Michael Bäcker, Head of Corporate Purchasing e-Mobility at Volkswagen Aktiengesellschaft. GFL is the world’s leading lithium compounds and metal manufacturer and dually listed on Chinese A share in 2010 and Hong Kong H share in 2018.
Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital arm of the Bosch Group, has invested in Trunk, a startup based in Beijing. Trunk’s founders are Chinese pioneers in autonomous driving. Trunk provides combined hardware and software solutions for autonomous trucking.
Liotech , a joint venture between RUSNANO and Chinese holding company Thunder Sky, has launched the world’s largest high-capacity lithium-ion battery factory near Novosibirsk. RUSNANO was founded in March 2011 as an open joint stock company through reorganization of state corporation Russian Corporation of Nanotechnologies.
Toshiba Electronic Devices & Storage Corporation announced that Zhejiang Asia-Pacific Mechanical & Electronic Co. The decision recognized the growing number of vehicles incorporating ADAS functions on China’s roads, with the Chinese market for vehicle-mounted cameras expected to grow fourfold from 2019 to 2030, to almost US$6.1
Xiaomi Corporation, a global leader in the technology and consumer electronics sector, is joining as a strategic investor. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. — Lei Jun, CEO of Xiaomi Corporation.
and Toyota Motor Corporation signed a Strategic Cooperation Framework Agreement to deepen their partnership in the fields of electrification and intelligent networking. Guangzhou Automobile Group Co., Chairman of Guangzhou Automobile Group Zeng Qinghong (left) and Toyota President Akio Toyoda (right).
China-based Dongfang Electric Corporation (DEC) reported successful testing of non-desalinated seawater electrolysis technology for hydrogen production powered by offshore wind. This project was a joint effort by DEC and a research team led by Academician Xie Heping from the Chinese Academy of Engineering.
EV sales are expected to reach 25% of the Chinese market by 2030. Chinese ICE passenger car market. With Renault support in terms of quality and technologies, JMEV will cover 45% of Chinese EV market in 2022 with 4 core models. Ltd (eGT) and Jiangxi Jiangling Group Electric Vehicle Co. JMEV was created in 2015.
Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities.
Kia Corporation today unveiled the Concept EV5 at Kia Chinese EV Day. The all-electric SUV concept took center stage at the event to present the brand’s strategy to establish global leadership in electrification.
made progress in reducing CO 2 emissions and improving sustainability in its global corporate activities in fiscal year 2014 while simultaneously increasing vehicle production and plant energy efficiency. Nissan is utilizing a number of proven forms of sustainable energy generation to help minimize its corporate carbon footprint.
More than 120 attendees from leading US and Chinese clean truck and bus technology companies, together with representatives from key agencies of both governments, took part in the first US-China Clean Truck and Bus Summit in Beijing to help link US firms with Chinese partners and increase exports.
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.
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.
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.
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., Ltd (SAIG) to manufacture inner-city electric buses. Sichuan Automobile Industry Co.
Our collaboration with China Southern and the support of the Guangzhou government open the door to new opportunities for switchable-battery electric cars made by Chinese manufacturers for the domestic and export markets. — Better Place Founder and CEO Shai Agassi. —Shai Agassi.
The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. It is also significant so that both companies can actively participate in the opportunities of the Chinese automotive market. Ltd to develop an electric vehicle for the Chinese market.
Volvo Car Corporation delivered 15 Volvo C30 Electric cars ( earlier post ) to the Shanghai International Automotive City Group (SIAC) for its open road test-drive project EV100 Days. Separately, the C30 Electric was also awarded “Green Car of the Year” in China at the 4 th China New Energy Mobility Summit.
A new name for the merged entity will be selected in due course representing the global reach of the new entity, which will have its head office in Buenos Aires, Argentina, a corporate headquarters on the Australian East Coast and an office in Perth. —Galaxy Chairman Martin Rowley.
DongFeng Motor Corporation is a Chinese state-owned automotive manufacturing company headquartered in Wuhan, China. It is traditionally included as one of the “big 4” Chinese automakers, along with Chang’an Motors, FAW Group and SAIC Motor. —Joseph Chao, Electrovaya’s Associate for the China electric vehicle market.
concept vehicles, including three world premieres, Toyota Motor Corporation (TMC) is exhibiting at the 12 th Beijing International. put smiles on the faces of our Chinese customers with hybrid technology. Among the 38 production and. Manufacturing (China) Co., Manufacturing (China) Co., R&D Center in Changshu, China. We would like to.
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., joint venture between Chery Automobile Co.,
Kia Corporation unveiled the Concept EV5 at Kia Chinese EV Day. The Concept EV5 provides a preview of a production all-electric SUV model that will be launched first in China later this year; details regarding any future plans for the other global markets will be made in due course.
However, the flurry of announcements from the OEMs could also be interpreted as a high-stakes game of one-upmanship or a corporate PR exercise to boost investor confidence. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Toyota plans to launch 30 models by 2030. Toyota announced US$70.4
Boeing has estimated that Chinese airlines will need to buy 5,000 new airplanes by 2030 to meet this extraordinary demand. The Commercial Aircraft Corporation of China, Ltd. Aviation Industry Corporation of China (AVIC), China Aluminum Corporation (CHINALCO), Baosteel Group, and Sinochem Group. billion passengers in 2030.
After 20 years of cooperation, the Volkswagen Group and its Chinese joint venture partner First Automotive Works (FAW) are extending their present partnership for a further 25 years—i.e., Heizmann and Chen Zhixin, President of SAIC Motor Corporation, also signed a joint agreement to this effect. until the year 2041.
Vitesco Technologies, formerly (until September 2019) the Continental Powertrain Division, has started the market launch of its fully integrated electric axle drives (EMR3) for Dongfeng Passenger Car Corporation.
It acquired 20% of the Chinese automakers, making it a significant shareholder. The Chinese automaker also said that the executive team for its joint venture with Stellantis is in place as C10. In November, Stellantis repurchased €934 million shares from Chinese automaker Dongfeng based on a pre-existing share repurchase framework.
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.
Audi and its Chinese partner companies FAW and SAIC are showing four world premieres: the brand-new Audi A6 e-tron concept vehicle and the all-round updated Audi Q5L, in addition to the Audi A7L and an SUV study, still kept beneath a cover, named Audi concept Shanghai.
The cooperation between the Chinese and Japanese companies will benefit the development of commercial vehicle electrification by introducing leading technology and rich experience, which will accelerate the global adoption of pure electric commercial vehicles. Earlier post.).
Stellantis NV CEO Carlos Tavares clarified the company’s position on Chinese electric vehicle brands coming to Italy. The Stellantis CEO also talked about Italian politicians and their discussions with Chinese automakers. Stellantis isn’t the only automaker prepared to fight Chinese companies coming to Europe.
Alcoa and China Power Investment Corporation (CPI) have finalized an agreement to establish a joint venture company to produce high-end fabricated aluminum products for the China market. The two partners had signed a Letter of Intent in September 2011. The new joint venture company, Alcoa CPI (China) Aluminum Investment Co.
SAIC Motor Corporation Limited and Infineon Technologies AG established a joint venture to manufacture power modules for the developing electric vehicle market in China. This includes the buoyant Chinese market which has become the largest and fastest growing market for hybrid and full electric vehicles in the world.
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