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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.
—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.
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.
Toshiba Electronic Devices & Storage Corporation announced that Zhejiang Asia-Pacific Mechanical & Electronic Co. APG), one of China’s leading manufacturers of vehicle braking systems, will deploy the Visconti 4 image-recognition processor in its next-generation advanced driver assistance system (ADAS).
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. Shell and Shenhua. Gasification equipment.
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.
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.
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 is a full-stack supplier for truck manufacturers. Trunk’s founders are Chinese pioneers in autonomous driving. Ingo Ramesohl, the managing director of RBVC.
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.
A123 Systems plans to expand its partnership with SAIC Motor Corporation Limited (SAIC Motor), the largest automaker in China. SAIC Motor is the leader in the Chinese auto market and holds the country’s top market share when considering the output of its joint ventures with General Motors and Volkswagen among others. Earlier post.).
Sustainable Value Margin—the ratio of Sustainable Value to sales—for each of the evaluated manufacturers. A survey of the sustainability performance of 17 of the world’s leading automakers has found a mixed pattern when it comes to the sustainability performance of most of the car manufacturers. Click to enlarge. Click to enlarge.
The supervisory board of the Russian Corporation of Nanotechnologies ( RusNano ) has approved the state corporation’s participation in a project with China-based Li-ion battery manufacturer Thunder Sky to manufacture Lithium-ion batteries, the first such project in Russia. billion rubles (US$575 million).
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.
a division of the Chinese conglomerate Wanxiang Group Corporation, have received approval from the Chinese government for their joint venture to co-manufacture lithium-ion energy storage systems for the China market. Ener1, Inc. and Wanxiang Electric Vehicle Co.,
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).
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.
and Toyota Motor Corporation have signed an agreement for the joint development of battery electric vehicles (BEVs). BYD was founded in 1995 as a battery business and has grown into a total energy solution company, manufacturing not only electrified vehicles but other products such as large-size energy storage cells. BYD Company Ltd.
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.
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.
The new Ford Figo will be manufactured at Ford’s expanded integrated manufacturing facility near Chennai, which is undergoing a $500 million transformation to become a regional center of excellence for Ford small car production. Earlier post.) China expansion. The investment, valued at $490 million (RMB 3.34 Alan Mulally.
Orbital Corporation Limited and Chongqing Changan Automobile Co., Ltd, China’s fourth largest automotive manufacturer, have entered into a joint development contract for a concept engine. We believe that this project, if successful, will provide Changan a competitive advantage in the Chinese market. Click to enlarge.
Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. 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.
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.
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.
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.
DFM presently manufactures over 3.5 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. Electrovaya Inc. Electrovaya Inc.
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.
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. the joint ventures Beijing Benz Automotive Co.,
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.,
billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. This US-owned and operated manufacturing plant in northern Alabama will be the first of its size in North America. Earlier post.) Of that, $1.6
According to Hu Angang of the Chinese Academy of Sciences, 33.3% Rather, the report says, it is now China who is preparing for carbon markets by 2013 and, as the world’s largest manufacturing economy, it is stepping up to join the carbon markets in Europe. in the prior 11 th Five Year Plan. Source: DBCCA. Click to enlarge.
concept vehicles, including three world premieres, Toyota Motor Corporation (TMC) is exhibiting at the 12 th Beijing International. Manufacturing (China) Co., put smiles on the faces of our Chinese customers with hybrid technology. put smiles on the faces of our Chinese customers with hybrid technology. We would like to.
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.
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. for production. Earlier post.).
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. —Zhao Xiaogang, Chairman of CSR.
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.
Toyota Motor Corporation (TMC) has established Toyota Motor Engineering & Manufacturing (China) Co., TMEC, while taking into consideration environmental and safety issues, aims to tailor vehicles to the demands of Chinese consumers. TMEC) in the Changshu Southeast Economic Development Zone.
GKN Driveline has extended its joint venture with Shanghai Automotive Industry Corporation (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. Shanghai GKN currently has five production facilities in China.
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. China Vehicle Manufacturers'
SAIC Motor Corporation Limited and Infineon Technologies AG established a joint venture to manufacture power modules for the developing electric vehicle market in China. The JV is headquartered in Shanghai; its new manufacturing facility resides in Infineon’s site expansion in Wuxi. million units in 2020 and 4.3
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. It is planned to be produced and sold by FAW Toyota Motor.
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.
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