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Hyundai Motor Group to build $5.54B EV plant and battery factory in Georgia

Green Car Congress

Hyundai Motor Group (HMG) entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the US. Non-affiliated Hyundai Motor Group suppliers will invest approximately another $1 billion in the project. billion by 2025 to foster future mobility in the U.S,

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Fiat Group Automobiles, Chrysler Group International and GAC Group to Produce Jeep vehicles in China for Chinese market

Green Car Congress

Fiat Group Automobiles S.p.A., Chrysler Group International LLC and Guangzhou Automobile Group Co., GAC Group) have reached an agreement to expand the joint venture partnership. China continues to be the largest Jeep market outside of the US, with nearly 60,000 Jeep vehicles sold in 2013.

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Nidec to form electric traction motor JV with a subsidiary of Guangzhou Automobile Group

Green Car Congress

a member of China-based Guangzhou Automobile Group Co., As the trend of car electrification intensifies, the automotive motor market, strategically important for Nidec, is forecast to double its size to six trillion yen (US$55.9 GAC Components mainly manufactures automobile interior parts, electric components, etc.

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Iveco Group chooses HTWO (Hyundai) fuel cell systems for the next generation of hydrogen buses in Europe

Green Car Congress

Iveco Group , through its brand IVECO BUS, will partner with HTWO to equip its future European hydrogen-powered buses with world-leading fuel cell systems. HTWO, as a fuel cell system-based hydrogen business brand of Hyundai Motor Group, was first released in December 2020 with Hyundai’s strong commitment to hydrogen economy.

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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). With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. EV sales are expected to reach 25% of the Chinese market by 2030. Chinese ICE passenger car market.

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Geely and Renault Group to create global powertrain company for advanced hybrid and efficient ICE powertrains

Green Car Congress

Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.

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Fiat Group Automobiles S.p.A., Chrysler Group International LLC and GAC Group sign framework agreement to expand cooperation in China

Green Car Congress

Fiat Group Automobiles S.p.A., Chrysler Group International LLC. and Guangzhou Automobile Group Co., GAC Group) have signed a Framework Agreement to expand their cooperation on passenger car manufacturing and sales in China. GAC Fiat Automobiles Co., GAC) and Fiat Group Automobiles S.p.A.

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