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CATL-SC officially launches operation of phase 1 of $4.7B Yibin traction battery production project

Green Car Congress

Since September 2019, CATL and the city government of Yibin have successively signed contracts for the CATL-SC traction battery phase I to phase VI projects, with a total investment of more than RMB 30 billion (US$4.7 billion) and an area of about 3,000 acres (about 1,214 hectares).

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BYD debuts E-SEED GT concept car, Song Pro SUV and e Series at 2019 Shanghai Auto Show

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BYD debuted its E-SEED GT concept car and Song Pro SUV alongside its all-new e-series models at the Shanghai International Automobile Industry Exhibition. The company also showcased its latest Dynasty series of vehicles, which were recently unveiled at the company’s spring product launch in Beijing.

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SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment

Green Car Congress

We are very impressed by the advances made by the Cruise and GM teams, and are thrilled to help them lead a historic transformation of the automobile industry. The GM and SoftBank Vision Fund investments are expected to provide the capital necessary to reach commercialization at scale beginning in 2019.

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

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Ten months after our initial launch of our joint venture in China with Brilliance, we have a local management team in place, LCV product plan to deliver further growth with seven LCVs for China including three electric LCV models, starting in early 2019. —Renault Chairman and CEO Carlos Ghosn. Renault-Brilliance-Jinbei Automotive Co.,

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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.

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Russian researchers find simple, efficient way to strengthen aluminum-based composite materials

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— According to the scientists, the proposed material can be used primarily in aeronautics and automobile industry, as well as for the design of modern robotics, including copters, where reducing the weight of the drone is critical. Letyagin (2019). Akopyan, N.A. Belov, E.A. Naumova, N.V. 2019.02.112.

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Volkswagen sets sights on electric record on the Nürburgring-Nordschleife with further-developed ID. R

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R electric sports car is targeting another record in the summer of 2019: the lap record for electric cars on the Nürburgring-Nordschleife, regarded as the toughest racetrack in the world. Following its record-breaking run at the Pikes Peak Hill Climb, Volkswagen’s ID.

Electric 223