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Chinese language funding in Europe shifts to greenfield battery initiatives, record says

Baua Electric

BERLIN — Chinese language funding in Europe is transferring from mergers and acquisitions to greenfield initiatives principally in battery manufacturing for electrical cars, consistent with 2022 information analyzed through free analysis suppliers MERICS and Rhodium Workforce. Greenfield funding made up 57 p.c

Chinese 52
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer. Sunwoda’s major customers for its batteries include Geely Auto Group, Dongfeng Cummins Engine Co., Shanghai Automotive Industry Corporation Motor, Volvo Cars, and Volkswagen.

Supplies 199
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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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Orbital Corporation and Changan to Develop Concept Engine

Green Car Congress

The ChangAn CA18 FlexDI Concept Engine shown at Auto China 2008. Orbital Corporation Limited and Chongqing Changan Automobile Co., In April 2008, Changan displayed a prototype engine developed with Orbital at Auto China 2008 (the Beijing International Motor Show). Click to enlarge. Earlier post.).

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Lear Corp. assured about seating trade expansion

Baua Electric

At Lear’s Seating Product While on Tuesday, executives emphasised a technique of vertical integration aimed toward lowering complexity and price as a key explanation why for self assurance within the corporate’s skill to realize marketplace proportion and strengthen margins over the nearest 4 years. 5 % from 6.7 %. ranks Refuse.

GMC 52
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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. Ltd to develop an electric vehicle for the Chinese market.

Motor 247
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Kia Motors signs MOU to build third plant in China; 70% increase in capacity and a push to maintain market share

Green Car Congress

Kia Motors Corporation plans to build a third manufacturing plant in China in order to meet increasing local demand and to maintain its positive sales momentum in the market. Through September of this year, Kia’s market share reached 3.5%, making it a top-10 auto maker in the China market. Its sister company Hyundai Motor Co.

Kia 170