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Toyota, 5 Chinese companies establish R&D JV for commercial vehicle fuel cell systems in China

Green Car Congress

Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., FCRD is a company that holds tremendous significance for Toyota's global FC strategies. GAC Group); Beijing Automotive Group Co., BAIC Group); and Beijing SinoHytec Co.,

Chinese 405
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Volvo Car Corporation signs MoU on strategic partnership with China Development Bank Corporation

Green Car Congress

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.

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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

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.

Chinese 259
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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

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

Global 370
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Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

Green Car Congress

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. Upon implementation, Orocobre shareholders will own 54.2%

Companies 243
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Volkswagen Group and Chinese manufacturer Ganfeng sign memorandum of understanding for long-term lithium supplies

Green Car Congress

The rapid increase in vehicle electrification in the automotive industry will have a major impact on global raw material markets. The global lithium demand is expected to more than double by 2023. —Michael Bäcker, Head of Corporate Purchasing e-Mobility at Volkswagen Aktiengesellschaft.

Supplies 268
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Deutsche Bank CCA report highlights Chinese global leadership toward a low-carbon economy; 12th Five-Year Plan

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The many new and expanded strong policy initiatives and green targets in China’s 12 th Five year Plan, released on 5 March 2011, provide “ clear evidence ” that China’s low-carbon policies remain global best-in-class, according to a new report from DB Climate Change Advisors (DBCCA). in the prior 11 th Five Year Plan.

Carbon 220