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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

China’s central government plans to implement a new policy in the first half of this year to encourage auto industry 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. of the total.

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Volkswagen Group launching major electro-mobility campaign in China; $25B on new vehicles, technologies and plants up to 2018

Green Car Congress

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 Auto China motor show in Beijing. And at the same time they offer lots of driving pleasure. billion (US$25.1

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. auto sector,” the organization writes.

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

Green Car Congress

VW Group stays on the top of the list with a US$100.5-billion Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Nevertheless, the investment announced remain important for automakers from a perspective of sustaining the ongoing disruptions in the automotive industry.

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China, Two Chinese Firms to Buy Delphis Brakes and Suspension Businesses

Green Car Congress

Two Chinese companies and the Chinese government have signed a deal to acquire Delphi Corp.’s s remaining brakes and suspension businesses—the most high-profile acquisition yet by the Chinese in the US auto industry. The Delphi businesses will be owned by a new Chinese company called Beijing West Industries Co.

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BYD overtakes Tesla as China’s EV giants dominate global sales

Electrek

The International Council on Clean Transportation (ICCT) just dropped its third annual Global Automaker Rating, showing that Chinese carmakers dominate the zero-emission vehicle (ZEV) space. Its massive domestic market has helped Chinese automakers build serious momentum. ” India’s Tata Motors also hit a turning point.

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Groupe Renault, Brilliance form JV for LCVs in China in three segments with three brands; accelerating electrified powertrains

Green Car Congress

Groupe Renault and Brilliance China Automotive Holdings Limited have signed a contract for the formation of a joint venture to manufacture and sell light commercial vehicles (LCV) under the Jinbei, Renault and Huasong brands with the goal of achieving 150,000 sales annually by 2022 and an acceleration of electrifying powertrains.

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