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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.

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BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. As noted by the Chinese automaker in a post on Weibo, its 7 millionth NEV is an N7 SUV from the company’s premium sub-brand Denza.

BYD 101
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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. million vehicles in 2011.

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BYD Plans Limited Introduction of e6 EV in US Next Year

Green Car Congress

BYD Auto, the Chinese automaker part-owned by a Warren Buffett company, plans to introduce a limited number of its e6 electric crossovers in the US next year, according to BYD Chairman Wang Chuanfu in an interview with the Wall Street Journal. BYD plans a similar entry strategy in Europe in 2011 or later. Earlier post.).

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Daimler expanding activity in China with 2B investment in JV with BAIC

Green Car Congress

Daimler AG and its Chinese partner Beijing Automotive Industry Corporation (BAIC) signed a strategic framework agreement to further expand their cooperation in China. The signing ceremony was held in the presence of German Chancellor Dr. Angela Merkel and the Chinese Prime Minister Wen Jiabao. Dieter Zetsche.

China 186
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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. The Finance Ministry sought a change in the mineral extraction tax formula to generate an additional 609 billion rubles in 2015 and 1.6

Russia 150
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China’s EV Subsidy

Revenge of the Electric Car

Buyers of electric vehicles will receive up to 60,000 yuan ($8,800), and buyers of certain gasoline-electric hybrids as much as 50,000 yuan, under the two-year program set to start this year in five cities—Shanghai, Hangzhou, Changchun, Shenzhen and Hefei—the ministry of finance said Tuesday. Japan’s Nissan Motor Co.,

E6 124