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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.

Chinese 259
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TM4 JV Prestolite Electric Propulsion Systems launches production at its Chinese facility

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Leveraging TM4’s licensed technologies, PEPS develops, manufactures and markets high-end hybrid and electric motor systems for the sustainable mobility market. Several Chinese manufacturers are already using PEPS products and buses equipped with these technologies have been exported to countries such as Germany and Taiwan.

Chinese 199
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SK signs MOU with Taiwan’s Formosa Plastics for stationary Li-ion energy storage systems

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SK Energy and Taiwan’s Formosa Plastics Group have signed a memorandum of understanding to develop stationary Li-ion energy storage systems. Formosa Plastics Group is the largest company in Taiwan and the largest private petrochemical company in Asia. JoongAng Daily.

Li-ion 210
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IHS forecasts 11% rise in China automotive semiconductor market in 2014 due to safety and navigation features

Green Car Congress

The fast-growing semiconductor market for China’s automotive industry is set for double-digit expansion in revenue this year, propelled by an increasing desire among Chinese car buyers for added vehicle safety features and helpful infotainment applications such as car navigation, according to a new report from IHS Technology (NYSE: IHS).

China 199
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

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.

Motors 247
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Pike forecasts sales of electric two-wheelers in Asia Pacific to reach more than 65M units in 2018; China dominates

Green Car Congress

components suppliers to initiate market leadership. While electric two-wheel vehicle players are likely to focus on their current main consumers in the urban and semi-urban middle income classes, they are also strengthening marketing to the rural segment in the coming years. —“ Electric Two-Wheel Vehicles in Asia Pacific ”.

Asia 244
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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

Green Car Congress

As the automotive market took off, we were invited into China at a time when it is incredibly exciting to be in China; the players are working very hard. The Chinese government is putting incentives in place to have the market grow. They are the real market. Strategically, I think that’s a better market.

Boston 265