article thumbnail

General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Under the terms of the definitive agreement, the buyer will acquire the ownership of the HUMMER brand, trademark and tradenames, as well as specific IP license rights necessary for the manufacture of HUMMER vehicles.

Hummer 210
article thumbnail

CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., UQM and CNHTC plan to create a joint venture to manufacture and sell electric propulsion systems for commercial vehicles and other vehicles in China. ownership interest of common shares issued and outstanding.

China 150
article thumbnail

Ballard signs $25M deal with Broad-Ocean for manufacture & sales of 30 and 85 kW fuel cell systems in China

Green Car Congress

Ballard Power Systems has signed a definitive agreement relating to technology transfer, licensing and supply arrangements with strategic partner Zhongshan Broad-Ocean Motor Co., Broad-Ocean) for the assembly and sale of FCveloCity 30 kW and 85 kW fuel cell systems in China. —Randy MacEwen, Ballard President and CEO.

China 150
article thumbnail

Ballard Power signs deal for production of fuel cell stacks in China; est. $168M over 5 years; buses and commercial vehicles

Green Car Congress

Ballard Power Systems signed definitive agreements with Guangdong Nation Synergy Hydrogen Power Technology Co. The fuel cell stacks will be packaged into locally-assembled fuel cell systems and integrated into electric buses and commercial vehicles in China.

China 150
article thumbnail

Magna aims to sell EVs in China through JV with BAIC

China EV

Magna International is jumping on the China EV band wagon. Magna International’s supplier business has long had a thriving presence in China. Its components are in pretty much every foreign brand car in China and many domestically-badged vehicles as well. Why jump into vehicle manufacturing in ‘China now, I asked?

China 52
article thumbnail

China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

As a subscriber, you can receive our free weekly China Auto News, which keeps you informed the latest developments of Chinas automobile industry. As a subscriber, you can receive our free weekly China Auto News, which keeps you informed the latest developments of Chinas automobile industry. Great Wall Motor Co.,

China 28
article thumbnail

Initial order from Sinotruk for UQM Powerphase DT drive systems for pilot trials; beginning of commercial partnership

Green Car Congress

Sinotruk is a leading heavy-duty commercial vehicle manufacturer in China and one of the largest commercial vehicle groups in the world, and this order signals the beginning of the commercial partnership with UQM. China National Heavy Duty Truck Group Co., CNHTC) is the parent company of Sinotruk.