article thumbnail

National Electric Vehicle Sweden AB acquires assets of Saab Automobile to create new EV company; first model based on 9-3 due year-end 2013/2014

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.

article thumbnail

‘Chinese language hurricane’ looming over Europe’s EV sector, Renault chairman warns

Baua Electric

A “Chinese storm” is looming over Europe’s rising electrical automobile sector, Renault Chairman Jean-Dominique Senard stated, as Asia’s superpower dominates key uncooked fabrics to manufacture batteries for 0 emission automobiles. Gallium is old in radar and radio conversation units, satellites and LEDs.

Chinese 52
article thumbnail

Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

Green Car Congress

and Saab Automobile AB (Saab Automobile) have signed an agreement with Hawtai Motor Group Company Limited (Hawtai). The remaining €30 million will be in the form of a convertible loan agreement in the amount of €30 million with a 6-month maturity, an interest rate of 7% per annum and a conversion price of €4.88

article thumbnail

NVIDIA, Baidu partner to accelerate AI; cloud data centers, self-driving cars and the home

Green Car Congress

Adopt NVIDIA’s DRIVE X platform for Baidu’s Apollo self-driving car initiative ( earlier post ), and develop self-driving cars with major Chinese carmakers. Bring AI capabilities to Chinese consumers by adding Baidu’s DuerOS conversational AI system to NVIDIA SHIELD TV.

Chery 199
article thumbnail

BYD debuts E-SEED GT concept car, Song Pro SUV and e Series at 2019 Shanghai Auto Show

Green Car Congress

BYD debuted its E-SEED GT concept car and Song Pro SUV alongside its all-new e-series models at the Shanghai International Automobile Industry Exhibition. Presently, we stand at the intersection of old and new kinetic energy conversion for mobility, but also a new starting point for high-quality development.

BYD 186
article thumbnail

Spyker and Hawtai Motor Group terminate earlier funding and partnership agreement

Green Car Congress

and Hawtai Motor Group Company Limited terminated the agreement by and between Hawtai, Spyker and Saab Automobile AB (Saab Automobile) with respect to funding and strategic partnership. Spyker and Saab Automobile continue to work on securing short- and medium-term funding. Spyker Cars N.V. Earlier post.)

Motor 199
article thumbnail

In China, Elon Musk lavished with proclaim

Baua Electric

Tiny used to be identified of the ones conversations. The business ministry mentioned handiest that Musk and its minister exchanged perspectives about electrical cars and attached automobiles; the trade ministry introduced Tesla’s chief mentioned the automaker’s building in China.

China 52