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Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks

Green Car Congress

AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. The purchase price is RMB 5.6 Click to enlarge.

Volvo 294
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Anjie Wireless licenses WiTricity technology for China EV market

Green Car Congress

Under the terms of the agreement, Anjie Wireless will license WiTricity’s patented magnetic resonance technology and industry-leading designs to develop and commercialize highly efficient wireless electric vehicle (EV) charging systems for sale to leading carmaker brands in the China market.

China 249
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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

The government of China—now the world’s largest automotive market—has made vehicle electrification central to its plan for growing the automotive market both domestically and internationally, and accordingly has created many national and local incentives for plug-in electric vehicle (PEV) purchases. BEV/PHEV cars that were.

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J.D. Power forecasts hybrid- and battery-electric vehicles will represent 7.3% of global auto sales in 2020

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A coordinated government policy to encourage consumers to purchase these vehicles. of the market), sales in Europe will account for 742,000 units; sales in China will account for 332,000 units; and the United States and Japan should each account for sales of approximately 100,000 BEVs in 2020. Click to enlarge.

2020 250
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Plugless: first wireless charger to provide 1 million charge hours for PEVs

Green Car Congress

1 st production wireless charger available for purchase by EV owners. Plugless continues to be the only wireless EV charger for sale to consumers in the world. Plugless continues to be the only wireless EV charger for sale to consumers in the world. 1 st 7.2kW wireless EV charger available for purchase.

Charging 170
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

And unlike previous recessions, we’re not just dealing with people’s fears or purchase delays. Overall, the total for the first quarter of 2020 already highlights a reduction of 26% Q1 2019 with sales decreasing to 17.42 However, before they could look to buy, COVID-19 struck the industry and disabled purchasing power.

Europe 261
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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., through its wholly owned subsidiary, Sinotruk (BVI) Limited (collectively, CNHTC”, the parent company of Sinotruk, a leading Chinese commercial vehicle manufacturer. The purchase price is $0.95

China 150