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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

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.

Chinese 259
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Infineon Technologies and SAIC Motor establish power module JV in China

Green Car Congress

SAIC Motor Corporation Limited and Infineon Technologies AG established a joint venture to manufacture power modules for the developing electric vehicle market in China. This includes the buoyant Chinese market which has become the largest and fastest growing market for hybrid and full electric vehicles in the world.

China 218
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. It is also significant so that both companies can actively participate in the opportunities of the Chinese automotive market. million vehicles in 2011.

Motor 247
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Daimler and BAIC to localize more Mercedes-Benz compact car models in China

Green Car Congress

Daimler AG and its Chinese partner BAIC Motor Corporation signed an agreement on the localization of further Mercedes-Benz compact car models beyond the GLA-Class at Beijing Benz Automotive Co., Among the partnership’s key joint ventures is BBAC, which has produced Mercedes-Benz cars since 2006 and engines since 2013.

Mercedes 210
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New Daimler compact car plant begins production at BBAC in China

Green Car Congress

Mercedes-Benz’ new compact car plant in China, housed at the company’s local production joint venture Beijing Benz Automotive Corporation (BBAC), has begun production with the German car maker’s first locally build compact car: the GLA. Built from scratch in less than 3 years and stretching at present across about 1.5

China 150
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Fuso Starts Sales of Hybrid Trucks in Hong Kong

Green Car Congress

Mitsubishi Fuso Truck & Bus Corporation (MFTBC) has begun sales of Fuso Canter Eco Hybrid trucks in Hong Kong. MFTBC is taking orders for the truck in Hong Kong through Universal Cars Limited (UCL), the Mitsubishi Fuso distributor in the Chinese special administrative region.

Hybrid 170
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Johnson Controls does not believe it is the source of lead pollution in Pudong incident

Green Car Congress

As a responsible corporate citizen, we have complied with this request. The lead emission average at our Shanghai facility is about 1/7 of Chinese national standard; furthermore, our lead discharge through waste water treatment facility average is about 1/10 of Chinese national standard. ” The statement in full: On Sept.

Pollution 210