article thumbnail

BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

Green Car Congress

BBA) joint venture, Milan Nedeljković, member of the Board of Management of BMW AG responsible for Production, announced local production of the NEUE KLASSE in China. The “Sixth-Generation Battery Project” will play a key role in production of vehicles for the NEUE KLASSE and create around 2,000 new jobs in the region.

BMW 457
article thumbnail

T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

Green Car Congress

More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
article thumbnail

Daimler Truck starts local production of Mercedes-Benz trucks in China

Green Car Congress

Beijing Foton Daimler Automotive (BFDA), the joint venture of Daimler Truck Holding AG and Foton Motor, celebrated the first locally produced Mercedes-Benz trucks with an inauguration ceremony at its new state-of-the-art production site in Huairou, Beijing. BFDA is a 50:50 joint venture between Daimler Truck and Foton Motor.

Mercedes 273
article thumbnail

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

Teslarati

Tesla has significantly reduced production of its Model Y electric car at its Shanghai factory in recent months, as per industry data and a source reportedly familiar with the matter. As per the publication, Tesla reportedly planned to cut Model Y production at Giga Shanghai plant by at least 20% in the March-June 2024 period.

China 123
article thumbnail

TANAKA establishes production system in China for fuel cell electrode catalysts

Green Car Congress

which operates an industrial precious metals business as a core company of TANAKA Precious Metals, signed a technical assistance agreement with Chengdu Guangming Paite Precious Metal Co., an affiliated company in China, in the area of fuel cell electrode catalyst manufacturing technologies. TANAKA Kikinzoku Kogyo K.K.,

China 170
article thumbnail

Benchmark: China will increase share of global cathode production to 87% in 2030

Green Car Congress

Data from Benchmark Mineral Intelligence’s Cathode Forecast shows that China is set to extend its dominance of cathode production by 2030, increasing its share of production from 78% in 2022 to 87% in 2030. China’s output of cathode active materials increased more than four times between 2018 and 2022.

China 243
article thumbnail

Chinese company reportedly seeks to invest $10B in Afghanistan’s lithium mining sector

Green Car Congress

According to the Afghanistan Ministry of Mines and Petroleum, China-based Gochin Company company seeks to invest US$10 billion in Afghanistan’s lithium mining sector. Location of the Daykundi tin, tungsten, and lithium area of interest in central Afghanistan as one example.