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Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., Toyota is committed to deepening its undertakings for the development of the FCEV industry in China through open collaborative relationships with its partners.
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.
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.,
The rapid increase in vehicle electrification in the automotive industry will have a major impact on global raw material markets. This specialized team is focusing on building close relationships with the raw material industry. —Michael Bäcker, Head of Corporate Purchasing e-Mobility at Volkswagen Aktiengesellschaft.
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.
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.
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. The management team comprises AI experts, automotive-industry veterans, and logistics leaders, all with excellent track records.
Seambiotic , a developer and grower of marine microalgae for the nutraceuticals and biofuel industries using flue gas from electric power plants, has signed a license agreement and a joint venture agreement with Yantai Hairong Electricity Technology Ltd. and Penglai Weiyuan Science & Trading Ltd.,
Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner.
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.
The Guangzhou accord calls for the municipal government to encourage local car manufacturers, such as Guangzhou Automobile Industry Group, to produce electric cars with switchable batteries. It also calls for the city to promote electric-car adoption in fleet segments including public-sector vehicles and private-sector fleets such as taxis.
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. Suzhou Hailu Heavy Industry Co., Shell and Shenhua.
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., Sichuan Automobile Industry Co.
DENSO Corporation, Ericsson, Intel Corporation, Nippon Telegraph and Telephone Corporation (NTT), NTT DOCOMO, INC., and Toyota Motor Corporation have initiated the formation of the Automotive Edge Computing Consortium. The ECC aims to build a cooperative platform for the edge computing industry.
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. This cooperation is one of the steps for NEVS to become a front-runner in the automotive industry, with focus on electric vehicles.
Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.
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
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.
The roadmap will be made widely available to assist not just US and Chinese developers, but also the global automotive industry. Under the new plan, the two countries will work together to improve the energy efficiency of buildings, industrial facilities, and consumer appliances. Public awareness and engagement.
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.
According to Hu Angang of the Chinese Academy of Sciences, 33.3% Signs of such a migration are occurring with announcement on 24 March 2011 that Huaneng Nuclear Power Development Corporation will commence construction next month of a 200MW Generation IV gas-cooled reactor in Shandong province. in the prior 11 th Five Year Plan.
of China ( COMAC ) and Boeing opened the Boeing-COMAC Aviation Energy Conservation and Emissions Reductions Technology Center, a collaborative effort to support commercial aviation industry growth. Boeing has estimated that Chinese airlines will need to buy 5,000 new airplanes by 2030 to meet this extraordinary demand.
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.,
How the European Commission can boost demand for made-in-Europe EVs The European car industry is in the midst of a historical transition shifting to electric vehicle (EV) manufacturing. New challenges arise, such as Chinese competition or ensuring a predictable demand. To build a resilient automotive industry, the EU needs to.
GKN Driveline has extended its joint venture with Shanghai Automotive IndustryCorporation (SAIC) for another 50 years. The first automotive industry component-manufacturing joint venture in China, Shanghai GKN Drive Shaft Company (SDS) was formed in 1988. million universal joints.
In China, the development of alternative energy vehicles and the Li-ion battery sector are booming with the support of promotional policies from the Chinese government, according to new report from CCM , a leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. —CCM.
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. Stellantis appears to be strengthening its ties in China’s automotive industry lately. Dongfeng Motors Corporation Ltd.
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. —Ray Bierzynski, GM Executive Director of Electrification.
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.
GE has entered a cooperative framework agreement with Chinese transportation equipment major CSR Corporation Limited (CSR) to establish a US-based joint venture to advance high-speed and other rail technology in the US. The MOR will also promote GE’s ITCS signaling technology in the Western part of China.
Hyundai Motor has entered into a memorandum of understanding (MOU) with Beijing-Tsinghua Industrial R&D Institute (BTIRDI) to establish a Hydrogen Energy Fund. The binational initiative’s primary objective is to spur investment in the hydrogen industry and value chain while also fostering growth of promising startups in China and Korea.
That $436 billion in forecasted spending is expected to be broken down in the following way: US Private Industry will spend by far the largest amount with a projection of $279.6 With 18 US corporations among the top 50 firms ranked by R&D spending, the US remains dominant in manufacturing R&D. Industry Snapshots. to reach $26.2
A123 Systems has been selected to develop Li-ion battery packs for a new, 2012 model year electric passenger car from Shanghai Automotive IndustryCorporation (SAIC), the largest automaker in China. ATBS), the joint venture established between A123 and SAIC Motor Co. for production. Earlier post.).
South Korea’s Ministry of Trade, Industry and Energy recently held an Industrial Technology Protection Committee meeting and approved the overseas export of “technology used in designing, manufacturing, and processing cathode with nickel content of over 80%,” a national core technology owned by POSCO Chemical.
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.
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.
Wärtsilä Corporation and CSSC Guangzhou Marine Diesel Co. Ltd (GMD), a member of the state-owned China State Shipbuilding Corporation (CSSC) Group, have signed a licence agreement for the manufacture and sale of Wärtsilä 2-stroke engines in China. Wärtsilä expects the first engines to be produced at the end of this year.
Ford Motor Company’s commercial vehicle investment in China will expand into the heavy truck business through a major acquisition: Jiangling Motors Corporation (JMC)—in which Ford holds a 30% stake—will buy a 100% stake in Taiyuan Changan Heavy Truck Company. JMC sold more than 190,000 vehicles in 2011, bringing in revenue of 17.5
Daimler AG and its Chinese partner Beijing Automotive Group Co., The Letter of Intent signed between the two companies states that both sides are going to evaluate additional initiatives at corporate level as well as to support each other with further investments. billion) in the Joint Venture Beijing Benz Automotive Co, Ltd.
part of Aluminum Corporation of China, CHINALCO) have signed a letter of intent to develop opportunities in the global rare earth business. is the wholly-owned subsidiary of CHINALCO aiming at integrating and developing the rare earth industry in China. Rhodia (member of the Solvay Group) and China Rare Metals and Rare Earth Co.,
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.).
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.
Russian State Corporation Rostec, one of the largest Russian industrial conglomerates, and Chinese State Corporation Shenhua, the world’s leading producer and distributor of coal, have signed a Memorandum of Understanding. Rostec develops cooperation with the Chinese partners in a number of areas.
The joint venture will expand Daimler’s industrialization in China to include trucks, in addition to passenger cars and vans. Daimler will contribute its technological expertise to the joint venture—especially in the area of diesel engines and exhaust gas systems—so that the Chinese emissions limits ranging up to Euro 5 can be fulfilled.
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