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BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. This was highlighted recently, when BYD celebrated a new milestone by producing its 7 millionth new energy vehicle (NEV).

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. 2012 Chinese Auto Industry Development Report.

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Volvo Buses and SAIC Motors form joint company for new energy driveline systems; electric and hybrid buses

Green Car Congress

Volvo Buses and Chinese SAIC Motors have agreed to form a new joint venture company for driveline systems for new energy buses such as hybrids and electric buses. Accelerating the development of the strategic new energy vehicle industry is a top priority for the Chinese government.

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Daimler and BYD restructure DENZA joint venture to 10:90

Green Car Congress

and its long-term Chinese partner BYD Auto Industry Co., BYD) signed an equity transfer agreement to realign the structural setup of their originally 50:50 joint venture Shenzhen DENZA New Energy Automotive Co., In 2022, DENZA will introduce new models to the Chinese market and seek further growth opportunities.

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Driven: Alfa Romeo Tonale Plug-in Hybrid Q4

EV Central

Alfa Romeo’s new Tonale Plug-in Hybrid Q4 is the first ever vehicle from the venerable Italian car maker with a charging port. Until the Tonale Plug-in Hybrid Q4, Alfa Romeo produced zero electrified models. The 300-volt, 125kg pack has a gross storage capacity of 15.5kW and contains cells produced by Chinese outfit CATL.

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Toyota to receive $853 million subsidy to expand local battery production

Teslarati

The company plans to use its batteries from Aqua and Crown hybrid vehicles in its battery electric vehicles (BEVs). Nikkei reports that Toyota also plans to use the subsidy to expand output at Prime Planet Energy & Solutions and Primearth EV Energy, which are both joint ventures with Panasonic.

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China Auto Ownership Expected to Exceed 200M in 2020

Green Car Congress

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.

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