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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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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 115
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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.

Motor 247
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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.).

E6 225
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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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One way or another, Fisker Automotive may soon be off the market

Green Car Congress

The purchase funds for Fisker would in theory go directly to the DOE since the government agency loaned the auto company a large sum of money before it stopped production more than a year ago. According to the company’s financial records, Fisker lost about $35,000 on each of the 2,450 Karmas it built between 2011 and 2012.

Fisker 218