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 Click to enlarge.

article thumbnail

Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Renewable Energy Efforts in North America.

Honda 400
article thumbnail

Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

article thumbnail

Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

In February 2024, Stellantis CEO Carlos Tavares hinted that Leapmotor’s technology could help the company competitively price electric vehicles to compete with China-made EVs in Europe, North America, and other markets. Stellantis appears to be strengthening its ties in China’s automotive industry lately.

Chinese 95
article thumbnail

California, 6 automakers finalize bilateral Clean Car Framework agreements

Green Car Congress

Automakers who voluntarily agreed to the framework agreements are BMW of North America (including Rolls Royce for purposes of the agreement), Ford, Honda, Volkswagen Group of America (including VW and Audi), and Volvo.

article thumbnail

Volkswagen Group has 37 competence centers and IT labs working on future mobility solutions

Green Car Congress

Our industry is undergoing a profound change process. The Volkswagen Group is in the midst of transforming itself from an automobile manufacturer into one of the world’s leading mobility companies. Today there are already more than 2,000 experts at the IT labs and competence centers in Europe, North America and Asia.

Future 150
article thumbnail

VW Mexico signs 20-year agreement for 130MW of wind energy from Mexico Power Group

Green Car Congress

The wind power will be utilized in Volkswagen Mexico’s plant in Puebla, which is the largest automobile manufacturing plant in North America producing approximately 2,500 vehicles a day, and in its engine manufacturing plant in Silao, Guanajuato. Together, both plants employ approximately more than 18,000 workers.

Mexico 210