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Mitsubishi Motors to promote EVs with Hsinchu County in Taiwan

Green Car Congress

Mitsubishi Motors Corporation’s business partner in Taiwan China Motors Corp (CMC), Mitsubishi Corporation, (MC) and the Hsinchu County government in northwestern Taiwan have signed a memorandum of understanding regarding the promotion of electric vehicles (EVs).

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DENSO and USJC announce mass production shipment of automotive IGBTs, targeting expanding EV market

Green Car Congress

USJC), a subsidiary of global semiconductor foundry United Microelectronics Corporation (UMC), announced a joint collaboration to produce insulated gate bipolar transistors (IGBT), which have entered mass production at the 300mm fab of USJC. DENSO and United Semiconductor Japan Co., A first shipment ceremony was held to mark this milestone.

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Lordstown files bankruptcy, suing Foxconn

Green Car Reports

Lordstown Motors Corporation has fallen apart. The moves come after the automaker disclosed its Taiwan partner, Foxconn, was looking to back out of the needed funding deal. On Tuesday, the electric truck startup filed for bankruptcy protection and listed itself for sale.

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Bankrupt Lordstown Motors reaches $40 million agreement with Karma Car

Baua Electric

Lordstown Motors stated on Tuesday it had reached a $40-million agreement with Karma Car over a 2020 lawsuit by which the now-bankrupt electrical car company was once accused of stealing proprietary generation. The post Bankrupt Lordstown Motors reaches $40 million agreement with Karma Car appeared first on Bauaelectric Auto News.

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Daimler to take 12% stake in BAIC Motor

Green Car Congress

According to a new binding agreement, Daimler AG will invest in BAIC Motor, the passenger car unit of BAIC Group. Daimler’s investment will take place through the issuance of new shares corresponding to a 12% stake in BAIC Motor. Daimler’s shareholding in BAIC Motor is subject to the approval by the relevant authorities.

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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. BDNT); as well as sales companies in Hong Kong and Taiwan.

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Honda sees full-year benefit emerging 19% this fiscal yr next working source of revenue slipped 3.7% closing yr

Baua Electric

TOKYO — Honda Motor Co. The corporate is aiming to just promote electrical vehicles globally by way of 2040 and feature EVs constitute 100% of its gross sales in China by way of 2035. The corporate is aiming to stabilize its “semiconductors supply chain and improve operations of our factories to sell as much as 4.35

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