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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Dongfeng Motors Corporation Ltd. Stellantis invested €1.5

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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Toyota plans to launch 30 models by 2030.

Global 370
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Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

A new manufacturing plant for the JV will be constructed in Zhejiang Province. The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment.

China 150
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Renewable-methanol fueled Geely cars in fleet testing in Iceland; 70% reduction in WTW CO2 compared to gasoline

Green Car Congress

Among drivers testing the vehicles were CRI staff and members of the Icelandic Automobile Association as well as several local service providers in the auto industry. Geely developed the methanol version of the Emgrand for the Chinese market, where use of methanol is an automobile fuel has increased rapidly over the last few years.

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Ener1 Receives Commitment for $65M Equity Investment; Negotiating with DOE on Low Interest ATVMP Loan

Green Car Congress

parent of Li-ion manufacturer EnerDel, has executed an agreement with its principal shareholder, Ener1 Group, an investment vehicle established by Russian industrialist and entrepreneur Boris G. Ener1, Inc., Zingarevich, for the purchase of common stock and warrants for $65 million. The investment is expected to close later this week.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley. Reorganizing. Purcell, Jr.,

Boston 199
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Eaton Supercharger Debuts in China on Three New Chery Engines

Green Car Congress

Eaton Corporation’ superchargers will make their debut in China on selected new engines on three vehicle models from Chery Automobile Co., This latest Eaton supercharger application will be the first on a Chinese-produced vehicle. Fuel savings and emission reduction are the new themes for China’s auto industry.

Eaton 199