Remove 2018 Remove Automobile Industry Remove Chinese Remove Market
article thumbnail

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

Green Car Congress

a joint venture to manufacture and sell light commercial vehicles (LCV), signed a Strategic Cooperation agreement with Chinese officials from Liaoning Province to further accelerate growth of LCVs in China. The Chinese LCV market forecast is for 3 million units per year, growing and moving rapidly.

China 207
article thumbnail

Toyota to launch two new plug-in hybrid models in China; Corolla and Levin

Green Car Congress

On the eve of the 2016 Beijing International Automobile Exhibition, Toyota announced that it will launch plug-in hybrid versions of the Corolla and Levin—two mass-market models, both of which have conventional hybrid variants—in China during 2018. Click to enlarge. New turbo engine.

Plug-in 150
article thumbnail

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

Green Car Congress

The new electric vehicle plant, part of the industrial park, is expected to be completed by the end of 2018 with a total investment of 4.69 Rendering of GAC Motor’s planned industrial park for electric and intelligent vehicles. The move will help promote the development of the automobile industry and drive economic growth.

article thumbnail

Volkswagen Group to invest more than €9.8 billion in China by 2015; efficient products and production

Green Car Congress

The Volkswagen Group, through its two Chinese joint ventures, will be investing more than €9.8 By 2018, the workforce is to increase from 75,000 to 100,000 people. million to more than 4 million units per year in 2018, with a view to relieving the burden on existing plants in a growing market.

2015 218
article thumbnail

Continental in strategic agreements with NIO on EVs, Baidu on autonomous driving

Green Car Congress

In 2025, we expect a market share for fully electric drive systems of around 10 percent. Already today, China is one of the leading markets for electric vehicles. Our collaboration with NIO will contribute to further advance the development of electric vehicles and the Chinese electric vehicle market.

Connect 150
article thumbnail

Volkswagen Group to Invest 4B by 2011 to Expand Activities in China

Green Car Congress

The investments are to be financed from the cash flow of the Chinese joint venture companies. For the Volkswagen Group, China is one of the most important markets in the world. "In In China, we will see clear double-digit growth in 2009 and expect to remain the market leader in the future. percent) in the first half of 2009.

China 210
article thumbnail

Top 5 Truck Companies in the World With the Potential to Revolutionise the Logistics Sector

Get Electric Vehicle

We don’t have to stress the point that, the automobile industry is going all-electric. In this article, we are going to discuss about the top 5 electric truck companies in the world that have the potential to electrify the logistics industry. #1. For them, it would be easy to find and get into new market opportunities.