article thumbnail

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
article thumbnail

BMW investing €400M in new vehicle assembly at Munich plant as part of shift to electromobility; engine production being concentrated at Steyr and Hams Hall

Green Car Congress

The BMW Group is speeding up the shift towards electromobility and strengthening its global network for production of electrified vehicles. It will ramp up for the first time at our future plant in Debrecen, Hungary, before being rolled out across our global production network in stages. —Milan Nedeljkovi?.

BMW 396
article thumbnail

Infineon Technologies and SAIC Motor establish power module JV in China

Green Car Congress

This includes the buoyant Chinese market which has become the largest and fastest growing market for hybrid and full electric vehicles in the world. Together we plan to generate even more business with products tailored to the needs of the Chinese electric vehicle industry. million units in 2020 and 4.3 million units in 2020 and 4.3

China 218
article thumbnail

Fisker Automotive names Tony Posawatz, former head of Volt program, as new CEO

Green Car Congress

In addition he led GM’s initial efforts on hybrid programs and related technology development and was “employee number one” and founding member of the Chevrolet Volt program back in 2006. Most recently, he served as President and CEO of SG Automotive in China and will now pave the way for Fisker’s entry into the Chinese market later in 2012.

Fisker 225
article thumbnail

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

Green Car Congress

Johnson Controls is the market leader and global benchmark in health and safety performance in this industry. We operate all of our facilities to the same standards and with the same practices globally. The Shanghai Plant started operation in 1998 and was acquired by Johnson Controls through a global acquisition in 2005.

Pollution 210
article thumbnail

Daimler opens new MB R&D center in Beijing, presents G-Code hydrogen-electric plug-in hybrid all-wheel drive concept

Green Car Congress

As a key element for our sustainable growth strategy in China, our new R&D Center will help us to fully tap our potential here and give our Chinese customers’ voice even more weight in our global network and future product development. —Hubertus Troska, Member of the Board of Management of Daimler AG responsible for China.

Plug-in 239
article thumbnail

Mercedes-Benz expanding SUV production capacities in US, bringing in AM General

Green Car Congress

Within our growth strategy we are expanding our global production network and will additionally use the capacities of a contract manufacturer. The model series, which has been available in China from the outset as a long version with six or seven seats, continues to be popular with Chinese customers.

Mercedes 150