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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.,
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.
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
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%
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.
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.
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.
Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.
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.
made progress in reducing CO 2 emissions and improving sustainability in its globalcorporate 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.
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.
Global R&D spending 2011. Source: 2012 Global R&D Funding Forecast. The Battelle-R&D Magazine annual Global R&D Funding Forecast concludes that global research and development (R&D) spending will grow by about 5.2% Elsewhere in the world, growth remains strong and stable in the aftermath of the global recession.
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.
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.
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.
Additionally, Shell Global Solutions International B.V. Shell) also qualified three Chinese companies for the manufacture of key equipment for the Shell Coal Gasification Process (SCGP), in order to make the Shell technology more competitive in the Chinese market. is a subsidiary company to Shenhua Group Corporation Limited.
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.
CSG is the world’s eighth-largest utility, according to the Fortune Global 500. 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. —Shai Agassi.
Four US-based Delphi components operations and Delphi’s global steering business will become part of two new, wholly-owned GM subsidiaries effective upon closing of the transaction. The acquisition will help GM to maintain continued uninterrupted supply to its global GM car and truck operations. Fiat Automobiles SpA, Hyundai Motor Co.
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. Toyota Dear Qin”, a global-strategic concept (sedan and hatchback) featuring a. Among the 38 production and.
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.
Volvo Car Corporation, owned by Zhejiang Geely Holding Group, outlined its plans for strategic expansion in China, which President and CEO Stefan Jacoby called the company’s second home market. Our aim is to reach a sales volume of about 200,000 cars in the Chinese market by 2015. compared to 2009.
BYD Commercial Vehicle and Hino Motors has been committed to technology innovation and global promotion of commercial vehicle electrification. In March, Toyota Motor Corporation and Hino agreed to develop a heavy-duty fuel cell truck jointly, and to proceed with initiatives toward its practical use through verification tests and other means.
—“14 th Annual Global Automotive Executive Survey”. Around 40% of Chinese and 37% of Brazilian manufacturers and suppliers are investing the largest proportion of their powertrain resources in ICE optimization, according to the survey. —“14 th Annual Global Automotive Executive Survey”. Source: KPMG.
Bringing the Qualcomm Halo technology into the WiTricity portfolio will simplify global interoperability and significantly accelerate commercialization. Qualcomm Incorporated and WiTricity have been working collaboratively with global standards organizations, which currently leverage reference designs from each company.
China is positioning itself to dominate the global supply of copper, a material in high demand as the world transitions to alternative energy systems, according to experts from Rice University’s Baker Institute for Public Policy. “If China’s domestic production of copper is inadequate relative to demand, according to the authors. million). “As
Johnson Controls has signed a new long-term automotive battery supply agreement with SAIC Motor Corporation Limited (SAIC Motor) to provide its Absorbent Glass Mat (AGM) lead-acid batteries to power SAIC Motor’s Start-Stop vehicles. Johnson Controls is in the process of building a new corporate headquarters in Shanghai.
A123 Systems has been selected to develop Li-ion battery packs for a new, 2012 model year electric passenger car from Shanghai Automotive Industry Corporation (SAIC), the largest automaker in China. ATBS), the joint venture established between A123 and SAIC Motor Co. for production. Earlier post.).
The battery market currently represents approximately 23% of global flake graphite output and is expected to be a rapidly growing sector due to lithium ion (Li-ion) battery demand (Source: Benchmark Minerals). Industrial Minerals estimates that it takes 2.5 tonnes of flake graphite on average to make one tonne of spherical graphite.
part of Aluminum Corporation of China, CHINALCO) have signed a letter of intent to develop opportunities in the global rare earth business. CHINALCO’s ambition is to become a global leader with Chinese characteristics in the rare earth industry by leveraging its core competencies and developing high-end technologies.
BMW Group and its Chinese joint venture partner Brilliance China Automotive Holdings Ltd. The plug-in was developed exclusively for the Chinese automobile market and produced at the Shenyang site. The BMW Brilliance plug-in hybrid concept. Click to enlarge. Series production of the automobile is to start in China in 2013.
Protestors have ransacked Chinese-owned businesses after accusations that Beijing had supported the coup. In 2020, Myanmar accounted for 39% of global HREE mine production, with China itself the only other major producer of HREE mined products at 48% of global supply. global supply.
WiTricity, the industry pioneer in wireless power transfer over distance, has entered into a technology licensing agreement with Yura Corporation, a leading South Korea-based automotive Tier 1 supplier. Yura is a global supplier of a wide range of automotive parts for conventional vehicles and xEVs.
The roadmap will be made widely available to assist not just US and Chinese developers, but also the global automotive industry. A new Advanced Grid Working Group will bring together US and Chinese policymakers, regulators, industry leaders, and civil society to develop strategies for grid modernization in both countries.
As a responsible corporate citizen, we have complied with this request. Johnson Controls is the market leader and global benchmark in health and safety performance in this industry. We operate all of our facilities to the same standards and with the same practices globally. ” The statement in full: On Sept.
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.
SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.
Celanese Corporation, a global technology and specialty materials company, signed a memorandum of understanding (MOU) with Wison (China) Holding Co., a Chinese synthesis gas supplier, for the production of certain feedstocks used in Celanese’s advanced ethanol production process. Earlier post.).
Wärtsilä and China State Shipbuilding Corporation (CSSC)—one of the largest shipbuilders in the world—will form two new joint ventures. Wärtsilä and China State Shipbuilding Corporation (CSSC) also signed an agreement to establish a joint venture for manufacturing medium- and large-bore medium speed diesel and dual-fuel engines.
The main piece of the co-operation centers on Shanghai, which was selected by the Chinese government as the country’s first EV pilot city earlier this year and home to both GE’s and GM’s China headquarters. GM regards electrification as a key global industry trend.
Hyundai Motor Group (HMG) has completed its creation of a global innovation network with the establishment of Hyundai CRADLE Beijing. China is the world’s largest automotive market and has one of the largest start-up cultures globally, making it an ideal location for Hyundai Motor Group’s fifth CRADLE office.
Ford developed the Territory together with its joint venture partner, Jiangling Motors Corporation (JMC). The Territory is a breakthrough for Ford in China in terms of our ability to successfully compete with Chinese automakers for millions of customers that we do not currently serve. million in 2020, up from 10.8
The Deloitte survey found global consumer interest in EVs is high. However, most global consumers, including those in the United States, would base their final decision on the greatest challenges associated with electric vehicles in the market today.: Click to enlarge. range, convenience to charge and purchase price of the vehicle.
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