article thumbnail

BYD, Toyota jointly to develop battery electric vehicles for Chinese market

Green Car Congress

The two parties will jointly develop sedans and low-floor SUVs as well as the onboard batteries for these vehicles and others with the aim to launch them in the Chinese market under the Toyota brand in the first half of the 2020s. BYD Company Ltd.

BYD 186
article thumbnail

BMW introducing new 1 Series Sedan; exclusively for the Chinese market

Green Car Congress

BBA) will introduce the BMW 1 Series Sedan in China—the first compact sports sedan under the BMW brand in the market. The BMW 1 Series Sedan is tailored and aligned to the needs of Chinese customers, solely produced and specifically sold in China. The BMW Group and BMW Brilliance Automotive Ltd.

Chinese 150
article thumbnail

PwC: Chinese automotive market decelerating faster than anticipated

Green Car Congress

The automotive market in China is declining faster than expected due to economic uncertainty and government restrictions over vehicle ownership. While automakers and analysts alike have forecasted a downturn for the Chinese automotive market for some time, the current slow-down has transpired more quickly than anticipated.

Chinese 150
article thumbnail

Updated Roland Berger Li-ion study forecasts auto Li-ion battery market of more than US$9B by 2015; massive overcapacity and market consolidation

Green Car Congress

Roland Berger forecasts for LiB market size by vehicle class (left) and region (right). In light of recently presented or announced vehicle models with electric, hybrid or plug-in-hybrid drives (xEV), Roland Berger experts expect the global LiB market to grow from US$1.5 Market consolidation therefore looks certain.

Li-ion 281
article thumbnail

Fiat Group Automobiles, Chrysler Group International and GAC Group to Produce Jeep vehicles in China for Chinese market

Green Car Congress

Under the agreement, the joint venture, GAC Fiat, will begin localized production of three new Jeep vehicles for the Chinese market, expanding the portfolio of Jeep sport-utility vehicles (SUV) currently available to Chinese consumers as imports. Production is expected to begin by late 2015.

Jeep 236
article thumbnail

IDTechEx: despite efforts to reduces rare-earth use, percentage of permanent magnet-based EV motors rising

Green Car Congress

While there has been much publicity and technical development towards rare-earth reduction in vehicle motors, in practice the market is seeing an increase in the number of permanent magnet motors.

Motor 397
article thumbnail

Chinese EV brand, Xpeng, coming to Europe

Discover EV

Founded in 2015, Xpeng has found decent success in its domestic Chinese market, having sold more than 21,000 EVs since its first production model went on sale in 2018.

Chinese 76