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BMW Group to build future MINI E vehicles in China with Great Wall Motor

Green Car Congress

The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

Mini E 259
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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. Daimler in China.

Chinese 259
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OC&C survey finds US consumers lag behind major industrialized countries in embracing electric/hybrid vehicles

Green Car Congress

The survey, which included 10,000 respondents across five countries—the US, China, France, Germany and the United Kingdom—looked at consumer attitudes and preferences on a number of issues currently facing the automotive industry: electric and autonomous vehicles; car-sharing, subscription models, car ownership and more.

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Volkswagen Group to invest ~€60B in hybridization, electric mobility and digitalization over next 5 years; ~€33B on electromobility

Green Car Congress

Planned investments and development costs for future areas such as hybridization, electric mobility and digitalization will total roughly EUR 60 billion between 2020 and 2024 Share of planned spend for future topics increased in Planning Round 68 to approximately 40 percent from approximately 30 percent in the previous Planning Round.

Hybrid 191
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BYD has no plans to launch EVs in the US, says the market is too confusing for buyers

Baua Electric

According to BYD executive vice president and CEO of BYD Americas, Stella Li, the Chinese automaker has no plans to sell passenger EVs in the US. Li sat down for an interview with Yahoo Finance Anchor Akiki Fujita to discuss the global EV market. You have no future. Li said, in China the message is strong. You will die.

BYD 52
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HVDC Networks Come to Europe

Cars That Think

European grid operators are adopting HVDC as the technology of choice for their bulk-transmission needs in the future,” says Cornelis Plet , vice president for DNV , a consultancy that advises on power systems and risk management. Europe and China Race for “Meshed” Grids So far, Germany has the most ambitious program.

Europe 115
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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

Polestar is currently recognizing its active markets as Australia, Austria, Belgium, Canada, China, Denmark, Finland, Germany, Hong Kong, Iceland, Ireland, South Korea, Kuwait, Israel, Italy, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UAE, U.K., and the USA. The company’s $1.48

Kuwait 98