Remove 2018 Remove Auto Remove Automobile Industry Remove Forecast
article thumbnail

Renault and Brilliance sign strategic cooperation agreement with Liaoning province, China; 3 new electric LCVs in 2 years

Green Car Congress

Liaoning Province is one of China’s new automobile industrial hubs with more than 120 auto & auto-parts manufacturers and is the largest provincial economy of Northeast China. The Chinese LCV market forecast is for 3 million units per year, growing and moving rapidly. —Renault Chairman and CEO Carlos Ghosn.

China 207
article thumbnail

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

This performance, Winterkorn said, “ is no reason for euphoria ” but shows that the Volkswagen group—which comprises nine automotive brands—is staying on course, and shows that its strategy to 2018 is on the right track. Experts, consultants and politicians tumble over one another with forecasts. We have rock-solid finances.

2013 150
article thumbnail

Nidec to form electric traction motor JV with a subsidiary of Guangzhou Automobile Group

Green Car Congress

a member of China-based Guangzhou Automobile Group Co., The tentative name of the JV is Guangzhou Nidec Auto Drive System Co., Nidec’s fully integrated automotive traction motor system E-Axle (announced in April 2018). GAC Components mainly manufactures automobile interior parts, electric components, etc. billion to US$9.3

article thumbnail

Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

While it would seem that people are losing interest in battery-driven automobiles, industry experts are claiming that all is not as it seems. For starters, the market share of electrified autos has continued to increase. For starters, the market share of electrified autos has continued to increase.