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). EV sales are expected to reach 25% of the Chinese market by 2030. Chinese ICE passenger car market. Ltd (eGT) and Jiangxi Jiangling Group Electric Vehicle Co. Ltd (JMEV). JMEV was created in 2015.

Light 378
article thumbnail

Volkswagen Group China, JAC and SEAT sign new deal advancing e-mobility in China

Green Car Congress

Spain-based SEAT, a member of the Volkswagen Group, signed a Memorandum of Understanding with Volkswagen Group China and Anhui Jianghuai Automobile Group Corp., The signing provides new impetus in the growing partnership between Volkswagen Group China, SEAT and JAC, working together in the important e-mobility market in China.

China 207
article thumbnail

BMW Group plans joint venture for MINI electric vehicles in China; LoI with Great Wall Motor

Green Car Congress

The BMW Group is in advanced discussions to ramp up the global success of its MINI brand through a new joint venture in China. To this end, the BMW Group has signed a letter of intent (LoI) with the Chinese manufacturer Great Wall Motor. The MINI Electric Concept as presented at the IAA 2017. million vehicles per year.

BMW 218
article thumbnail

GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 billion yuan (US$679 million).

article thumbnail

Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

Green Car Congress

The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. GWh in 2017—making it Nº 1 globally. GWh in 2017—making it Nº 1 globally. With an annual supply of 12 GWh in 2017, CATL is number one in the global automotive battery industry. Energy storage system customers: State Grid.

Germany 170
article thumbnail

BMW Group and Great Wall Motor sign joint venture agreement for MINI electric vehicles in China

Green Car Congress

The BMW Group and the Chinese manufacturer Great Wall Motor signed an agreement to produce MINI electric vehicles through a new 50:50 joint venture based in China. The establishment of the new company is subject to approval from the relevant Chinese authorities and the completion of business registration procedures.

BMW 170
article thumbnail

Chinese self-driving startup WeRide plans to start autonomous vehicle testing in Singapore this year

CN EV Post

Image credit: WeRide) Chinese self-driving startup WeRide plans to start testing autonomous vehicles in Singapore this year, as it begins to set its sights on Southeast Asian markets. Founded in Guangzhou in 2017, WeRide's products include Robotaxi, Mini Robobus, Robovan, Robo Street Sweeper and SAE L2-L4 advanced smart driving solutions.

Singapore 110