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China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies.
The 12 th Five-year Plan for China’s autoindustry reportedly will make developing new-energy vehicles the top priority. China is targeting annual new-energy automobile sales of 1 million units by 2015, according to the China Association for Automobile Manufacturers. People’s Daily.
The first vehicles with CATLs new ultra-fast swappable EV batteries are now being delivered in China. The new EV features ultra-fast charging and starts at under $24,000 as China widens its lead on the global autoindustry.
China Daily. China’s central government plans to implement a new policy in the first half of this year to encourage autoindustry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference.
GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. The GM China Advanced Technical Center recently produced its first batch of battery cells using advanced fabrication methods, an important milestone in the establishment of its battery material assessment capability.
autoindustry was the world's largest. That ended in 2009, when China's sales of 13.5 million new vehicles—against more than 30 million sales in China. DON'T MISS: Why China will beat U.S. For a century, the U.S. million new vehicles surpassed a recession-slammed U.S. total of 10.4 Last year, U.S.
Estimated automobile ownership in China will exceed 200 million by 2020, causing serious energy security and environmental issues, according to Wang Fuchang, director of the Department of Equipment Industry under China’s Ministry of Industry and Information Technology. People’s Daily.
The Volkswagen Group is launching a major electro-mobility campaign in China—the the biggest initiative for e-mobility in China’s automotive history, said Prof. Dr. Martin Winterkorn, CEO of Volkswagen AG, on the eve of the AutoChina motor show in Beijing. earlier post ) and e-Golf ( earlier post ) models.
Liu Shijin, deputy director of the Development Research Center of the State Council, one of China’s top government think tanks, told a forum that the government should shift its guidance to automakers from mere pursuit of output capacity to environment-friendly and energy-saving targets.
The second reason for the heightened focus on electric cars is China’s move to promote them. Japanese carmakers need to respond to China’s moves by developing electric vehicles that can compete favorably with rival Chinese offerings in this crucial market.
China automaker JAC (Jianghuai Automobile Co) will sign a cooperation agreement on the export of 2,000 battery electric vehicles with US-based GreenTech Automotive Corp. GTA) to develop the US electric vehicle market. In February 2013, a sample EV was sent to the US for testing and performance inspections.
China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). Sales of China’s domestically-made automobiles totaled 1.09 Sales of China’s domestically-made automobiles totaled 1.09 People’s Daily. million units in July, up 63.57
The joint venture will build on the existing successful relationship between the two companies, leading to the development of highly flexible and sustainable auto parts manufacturing within HASCO’s China-based operations. —Sami Atiya, President of ABB Robotics & Discrete Automation.
In this article, I analyze the competitive landscape of electric vehicles (EVs) in China, focusing on the Xpeng Mona M03 and others’ effect on the global auto market. continued] The post How Chinese Cars Like The XPeng Mona M03 Will Impact The Global AutoIndustry appeared first on CleanTechnica.
As part of those actions, which include hiring a new President and CEO (Anning Chen) for Ford China, Ford China is elevated to a stand-alone business unit reporting to Ford global headquarters. Success in China is critical as we reposition our global business for long-term success. —Ford President and CEO Jim Hackett.
Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the autoindustry up to 1.5 —with OEMs in China and India at 5.2%, while suppliers from China and India enjoyed an EBIT margin of 7.5%, the highest in the world.
Word on the street is that the escalating trade combativeness between the West and China has led to China putting restrictions on rare earth minerals and magnets. China controls more than. continued] The post AutoIndustry Crash on Horizon from Lack of Rare Earth Minerals & Magnets?
The International Council on Clean Transportation (ICCT) and the China Automotive Technology and Research Center (CATARC) recently finalized a memorandum of understanding detailing the two organizations’ intentions to collaborate on a joint research project analyzing passenger vehicle technologies and costs in China.
China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. auto sector,” the organization writes. . “So, I think they will have significant success outside of China depending on what kind of tariffs or trade barriers are established.”
Several years ago, the German government expressed its concerns about exporting German car-building jobs to China and the attendant political and economic upheaval that would entail.
Hyundai Motor Company has begun construction of a third plant in China to respond to growing demand in the world’s largest automobile market. Beijing Hyundai Motor Company (BHMC), a 50-50 joint venture between Hyundai Motor and Beijing Automotive Industry Holding Co., Hyundai established BHMC in 2002, opening its first plant in China.
(Image credit: CnEVPost) The price war is one of the most talked-about topics in China'sautoindustry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.
"I am very confident that in the near future, China supply chain and the autoindustry will return to normal," Li said. The post NIO's William Li expects China's autoindustry chain to stabilize by March or April appeared first on CnEVPost. For more articles, please visit CnEVPost.
The University of California, Davis, and the China Automotive Technology and Research Center (CATARC) have entered a new agreement to work together to help speed the commercialization of plug-in and fuel cell electric cars in China. The collaboration is intended to help expand the global market for zero-emission vehicles (ZEVs).
In conjunction with the start of AutoChina 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. China has been GM’s largest market since 2010, last year accounting for about one-third of its global sales.
Eaton Corporation’ superchargers will make their debut in China on selected new engines on three vehicle models from Chery Automobile Co., Fuel savings and emission reduction are the new themes for China’sautoindustry. the country’s leading independent automaker: Chery 1.6S Tiggo, 1.3S A3 and Riich 1.3S
China-based Ningbo Tuopu Group Co. Tuopu is an auto parts supplier that services a wide variety of brands, from Geely and SAIC to Ford, GM, Volkswagen, and other major automakers. Ltd (Tuopu) recently stated in its most recent earnings call that Tesla has a five year gap on other car companies, Teslarati reported.
The United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. million and China grew from about 1 million to more than 1.25 million over the same period. Source: The ICCT. —Nic Lutsey.
a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.
The autoindustry has now grudgingly accepted that battery-electric cars will make up some portion of the world's new vehicles in years to come. But a milestone in that trend may have come today, in news from China.
Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018.
In this article, I’m analyzing at a high level what is happening to the autoindustry across propulsion types. continued] The post China & US Auto Market — Chinese Auto Disrupting Everyone Else appeared first on CleanTechnica. I’ll break it down by region and also discuss individual companies.
The Thomson Reuters analysts found that there are a number of other organizations innovating in this area, including some potential surprises such as Amazon (with 14 unique inventions); Boeing (35); IBM (34); Microsoft (10); Qualcomm (24); Samsung (107); and Southeast University in China (24).
According to China Passenger Car Association (CPCA), BYD Han ranked second among the sales rankings of mid-to-large size sedans, with sales of 10,248 units in September. The first ten months of the year saw drops in different levels of sales in the auto market, owing to chip shortages across the autoindustry.
Among the coming developments, the Volkswagen Automotive Cloud will be extended step-by-step to further regions of the world and to be available in Europe, China and the USA—the core markets for the future full-electric, fully connected ID. Production is to start in China the same year and a member of the ID. model family.
a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. Earlier post.).
A looming crisis is brewing in China, as hundreds of thousands of unsold, polluting gas-powered vehicles may be rendered unsellable due to incoming emissions rules. It’s another sign that the global autoindustry isn’t ready for the shift to EVs and will be caught unawares if it doesn’t ramp EV production fast enough.
Celebrating the start of pre-production, a first China-specific all-electric Volkswagen ID. The Volkswagen Group projects a total volume of 22 million all-electric cars worldwide by 2028, with more than 50 percent of that from China. family in China as well, a brand-new generation of fully electric and connected vehicles.
According to the report, China—the world’s leading vehicle-producing nation—will lead the increase in vehicle output, with full-year assemblies expected to jump 17% to more than 21 million units. Surging car sales in China are also lifting vehicle production in Western Europe, especially Germany.
Price war has been the most talked about topic in China'sautoindustry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China'sAuto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.
Industrial and technology group thyssenkrupp has opened a new €10-million (US$10.9 million) development center for engine components in Dalian, China. With the new development center we want to serve our customers in China with even better customized and more efficient products.
The results ranged from Germany’s 24% down to 8% in China. Consumers in China, the world’s largest auto market, were the most enthusiastic, at 84%. China is by far in the lead in that regard. Americans surveyed said they’d be willing to pay just a 9% premium—or $1,868 versus $1,709. —Mark Wakefield.
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