article thumbnail

Volvo Car Group exceeds 600,000 vehicles sold on the CMA platform

Green Car Congress

Volvo Car Group, including its strategic affiliates Lynk & Co and Polestar, produce vehicles based on the Compact Modular Architecture (CMA) platform, introduced in 2017. To the end of July more than 600,000 group vehicles based on the platform have been sold. billion) in 2011 to SEK 274 billion (US$31.3 billion (US$1.6

Volvo 410
article thumbnail

Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

Green Car Congress

Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). The Groupe Renault EV business will be developed through two existing joint ventures: eGT New Energy Automotive Co., Ltd (eGT) and Jiangxi Jiangling Group Electric Vehicle Co. Chinese ICE passenger car market.

Light 378
article thumbnail

Volkswagen Group inaugurates its own engine plant in Russia

Green Car Congress

Following three years of construction, the Volkswagen Group today inaugurated its new engine plant at Kaluga, Russia. liter EA211 gasoline engine—the most modern engine technology of the Volkswagen Group. The annual production capacity of the engine plant will be about 150,000 units. million (US$9.6

Russia 150
article thumbnail

Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

Green Car Congress

Groupe Renault is creating the REFACTORY in Flins, the first European circular economy site dedicated to mobility. The ReFactory aims to achieve a negative carbon balance by 2030—an objective in line with the Group’s ambition to achieve carbon neutrality in Europe by 2050.

Economy 397
article thumbnail

Hyundai Motor Group forms New Horizons Studio to develop Ultimate Mobility Vehicles (UMVs); “transformer-class vehicles”

Green Car Congress

Hyundai Motor Group has formed New Horizons Studio, a new unit focused on the development of Ultimate Mobility Vehicles (UMVs), including the concept Hyundai Elevate walking car introduced at CES 2019 ( earlier post ). Also making the jump to New Horizons Studio is Dr. Ernestine Fu, who joins the group as Director of Product Management.

Hyundai 221
article thumbnail

Volkswagen Group to build own engine plant in Russia; production to begin in 2015

Green Car Congress

The Volkswagen Group is expanding its capacities in Russia with the construction of a new engine plant in Kaluga, Russia. The Volkswagen Group will invest approximately €250 million (US$314 million) at the new location, where a a 1.6-liter liter gasoline engine from the EA 211 series will be produced locally as of 2015.

Russia 236
article thumbnail

SEC issues cease-and-desist order against split-cycle engine developer Scuderi Group for violations of Securities Act

Green Car Congress

The Scuderi Engine is a split-cycle design that divides the four strokes of a conventional combustion cycle over two paired cylinders. The Scuderi Engine is a split-cycle design that divides the four strokes of a conventional combustion cycle over two paired cylinders. a more efficient internal combustion engine. Earlier post.).

Engine 249