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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 billion yuan (US$679 million).

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Mazda, ELIIY Power and Ube Industries jointly to develop 12V Li-ion starter batteries

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and Ube Industries, Ltd. have agreed jointly to develop lithium-ion batteries for use in automobiles. With this new project, Mazda, ELIIY Power and Ube Industries will combine their technical strengths to overcome such issues. Mazda Motor Corporation, ELIIY Power Co.,

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Fuji Heavy Industries to change company name to Subaru Corporation

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Fuji Heavy Industries Ltd., Implementation of the name change is subject to shareholder approval for amendments to the company’s Articles of Incorporation at the 85 t h General Meeting of Shareholders scheduled for 28 June 2016. After going through a number of reorganizations, FHI was established under its current name in 1953.

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DiDi partners with SoftBank in Japan for platform services for taxi industry, launches open new energy car-sharing platform

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have established a partnership to provide platform services for the taxi industry. DiDi hopes to leverage on its AI strengths and national network to empower the entire automotive industry chain. Didi Chuxing, the world’s leading mobile transportation platform, and SoftBank Corp.

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GM sees connectivity, autonomy and transport-as-service fundamentally changing automotive industry

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Three emerging and converging factors—connectivity, autonomy and transport-as-a-service—will fundamentally change the automotive industry over the next few decades, according to Mike Abelson, GM’s VP of Strategy and Global Portfolio Planning. The basic DNA of the automotive industry—i.e., —Mike Abelson.

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Borgward to build manufacturing facility in Bremen; all-electric-drive Borgward BX7 first model; Industry 4.0

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From the start, Borgward’s Bremen plant will base the technological aspects of its manufacturing system, processes, and equipment on the Industry 4.0 The Miyun manufacturing facility, which was commissioned in mid-2016, will also serve as the home plant for Borgward’s emerging global production network.

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Thomson Reuters report finds established auto industry companies, not Silicon Valley, leading development of autonomous driving tech

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Established automotive industry companies—not Silicon Valley—are leading the development of autonomous driving technology, according to a new report from the Intellectual Property and Science business of Thomson Reuters. —2016 State of Self-Driving Automotive Innovation. Source: Thomson Reuters. Click to enlarge.