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Valeo acquires 80% stake in the Chery Group’s lighting company in China

Green Car Congress

As part of its development strategy in high-growth countries, and particularly China, Valeo has acquired an 80% shareholding in the company Ruby (a lighting specialist) from Chery Technology, a subsidiary of Chinese automaker Chery Automobile. Chery Technology will retain a 20% stake in the company.

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CCM: demand for ternary Li-ion batteries in China to more than double to 10 GWh in 2016 from 4.4GWh in 2015 due to subsidy fraud and response

Green Car Congress

The firm forecasts an immediate boom in demand for ternary Li-ion batteries—mainly used to power alternative energy vehicles—from 4.4GWh in 2015 to 10 GWh in 2016. billion (US$5 billion) as of the end of 2015. The five AEV manufacturers were Suzhou GEMSEA Coach Manufacturing Co., Chery Wanda Guizhou Bus Co.,

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Novelis breaks ground on automotive aluminum facility in Changzhou, China; $180M investment to double capacity in 2020

Green Car Congress

Novelis, the global leader in aluminum rolling and recycling, broke ground on the expansion of its automotive aluminum manufacturing facility in Changzhou, China. Novelis’ Changzhou plant is the company’s first aluminum automotive sheet manufacturing facility in China. The expansion is expected to create approximately 160 jobs.

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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

According to sources with knowledge of the new policy, it intends that Chinese-brand passenger vehicles will comprise at least half of vehicle sales by 2015 and sedans made by entirely domestic automakers will have about 40 percent of the nation’s car market. According to data from the China Association of Automobile Manufacturers (CAAM), 4.58

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Global Top 20 - December 2020

EV Sales

Other position changes benefited small Chinese EVs, with the Baojun E-Series climbing to #9, the Great Wall ORA Black Cat jumping to #10 and the Chery eQ reaching #17, underlining the most recent trend in China: The Rise of City EVs. In December, the Climber of the Month was the VW ID.3, But more on that later.

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Firm reveals plug-in hybrid projections

Green Cars News

The company suggests that by 2015 a total of 1.7million plug-in hybrid electric vehicles will be on the road worldwide with the United States to be the leading market. So how many plug-in hybrid vehicles can we expect to see on the roads in around five years time?

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When Will EVs Hit Primetime?

Revenge of the Electric Car

In China, leading automakers BYD and Chery have announced plans to roll out their own electric models within the next two years. The third phase will be released around 2015. Interest in electric cars is surging: •Nearly 52,000 people were wait-listed as of mid-April for General Motors’ electric model, the Volt, due in November.

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