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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

It acquired 20% of the Chinese automakers, making it a significant shareholder. The Chinese automaker also said that the executive team for its joint venture with Stellantis is in place as C10. In November, Stellantis repurchased €934 million shares from Chinese automaker Dongfeng based on a pre-existing share repurchase framework.

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Stellantis production affected by cyberattack on Chinese supplier

Teslarati

Multiple car brands under Stellantis were affected by a cyberattack on Chinese supplier, Yanfeng International Automotive Co. Yanfeng supplies automobile manufacturers with car parts including electronics, seats, interiors, and other components. billion in the Chinese company.

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Volvo Cars and Geely Auto to deepen collaboration; new combined powertrain company

Green Car Congress

Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximize the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales.

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Tesla (TSLA) shares surge over 11% amidst news of Musk’s China visit

Teslarati

Later videos posted by Chinese media showed that Musk also met with Premier Li Qiang. The China Association of Automobile Manufacturers also noted that Tesla, along with other notable automakers like BYD, have cleared all data processing requirements in the country. Honored to meet with Premier Li Qiang.

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StreetScooter to form JV with Chery for electric light utility vehicles

Green Car Congress

StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chinese automobile manufacturer Chery Holding Group (Chery) establishing a joint venture between the two companies.

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Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

Green Car Congress

The ranking of the 17 manufacturers based on the Sustainable Value Margin. The authors note that other leading manufacturers including Porsche, KIA or Chinese manufacturers are still not producing sufficient sustainability performance data.). Click to enlarge. Professor Frank Figge, co-author.

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Tesla China planned to cut Model Y production by at least 20% in March-June: Reuters

Teslarati

Data from the China Association of Automobile Manufacturers (CAAM) seems to corroborate the production cuts. As noted in a CNEV Post report, Tesla China has so far sold 163,841 in the domestic Chinese market in the January to April period. Compared to the same period in 2023, Model Y production in China fell by 17.7%

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