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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. of the total.
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
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.
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.
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 autoindustry. The Delphi businesses will be owned by a new Chinese company called Beijing West Industries Co.
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.
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.
Ricardo has signed a contract to assist Anhui Xingrui Gear Company on a detailed design review and technology assessment, with the aim of helping the Chinese Tier 1 manufacturer to improve the efficiency and shift quality of its transmission products. Formed in 1966, Xingrui is a manufacturer of transmissions for the Chineseautoindustry.
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 Group will purchase 18,678,161 shares of common stock and 8 million warrants. Ener1, Inc., The new equity injection for Ener1, Inc.
The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. Earlier post.). —Peter Fleet.
Industrial and technology group thyssenkrupp has opened a new €10-million (US$10.9 The Group will concentrate its engine component development and prototyping activities at the 2,000 square meter development center in the future. In recent years the Chinese market has become more important for the Group’s automotive activities.
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. Stephan Wöllenstein, CEO of Volkswagen Group China. In the future, the plant will be manufacturing MEB platform-based BEV models for various Volkswagen Group brands.
(William Li (left), founder, chairman and CEO of NIO, and Qin Lihong, co-founder and president of the company, participate in a media group interview. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chineseautoindustry in the first quarter.
Price war has been the most talked about topic in China's autoindustry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.
The Zeekr X and Smart #1 are in-house rivals because those brands are like Volvo members of the giant Chinese Geely AutoGroup. The Kia EV3 is of the same sort of genre and both are as far as possible from the lozenge-on-wheels design language shared by Tesla and its Chinese imitators. Good thing too.
The University of Michigan is entering two separate agreements with Chinese institutions targeting automated and connected vehicles. million research agreement with the Chongqing Sokon IndustryGroup establishes the University of Michigan-Sokon Research Center in the U-M Department of Mechanical Engineering. Second, a $2.5-million
| NIO US | NIO HK | NIO SG An NIO (NYSE: NIO) executive re-emphasized the electric vehicle (EV) maker's confidence that it will meet its goal of doubling sales this year, at a time when the Chineseautoindustry has been weak overall so far this year. "We
The program backs automotive companies that offer both green energy initiatives, such as increased fuel efficiency, and new autoindustry jobs in the United States. On 6 September the department announced a $42-million loss on the loan it awarded to the Vehicle Production Group LLC. Earlier post.)
Baidu, the leading Chinese language Internet search provider, announced a new project—named “Apollo”—intended provide an open, complete and reliable software platform for its partners in the automotive and autonomous driving industry to develop their own autonomous driving systems with reference vehicles and hardware platform.
From 1994 to 2002, Purcell led the GM Advanced Technology Vehicles Group (GM ATV). Purcell currently serves as founder and president of Purcell & Associates, LLC, a senior advisory group specializing in advanced automotive and alternative energy investment projects. —Bob Purcell. Volumetric density of 420Wh/L.
It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its autoindustry from total demise. Since the US and Canada apply 100% tariffs on EVs coming from China, Europe has been the most obvious choice for Chinese expansion.
Cleantech Group and Deloitte. advocacy group Plug In America.&#. Despite a surge in interest, electric cars may remain niche products in the world’s two largest auto markets. billion invested in 180 green-technology companies worldwide in the first quarter of 2010, according to a study by the Cleantech Group and Deloitte.
However, now the central government plans to implement a new policy to encourage consolidation and to push Chinese-brand passenger vehicles into the mainstream. According to an [.].
Chinese automaker BYD has been seeking to build an automotive plant in Mexico, with the company’s regional chief executive confirming the plan on Wednesday. manufacturing advocacy group, the Alliance for American Manufacturing, this month warned low-cost Chinese cars and parts could threaten the viability of auto companies in the U.S.
It comments positively by saying Tesla accelerates transformation of entire autoindustry & how it redefines MIC as high-quality prod in foreign markets. In an interview with Xinhua , Feng Qingfeng, CEO of Lotus Group, noted that the new energy vehicle market in China had been mostly tepid before Tesla’s arrival.
Chinese EV makers, including BYD , accounted for over 40% of German EV imports through April 2024. Despite Chinese electric vehicle imports slipping 15.7% According to data released by the German statistics office Tuesday (via Reuters ), German EV imports from Chinese automakers like BYD reached 31,500 through April 2024.
Autoindustry executives said the subsidies are likely to apply only to vehicles produced in China, although that wasn’t clear from the government notice. Already, the move provoked resentful comments from some ordinary Chinese who question why the government is using public funds to subsidize car purchases for wealthy buyers.
This performance, Winterkorn said, “ is no reason for euphoria ” but shows that the Volkswagen group—which comprises nine automotive brands—is staying on course, and shows that its strategy to 2018 is on the right track. And the autoindustry doesn’t hold back on announcements. We have nine strong brands that work well together.
The partnership comes as the European autoindustry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. ACC is a joint venture between Stellantis, TotalEnergies and Mercedes-Benz Group. billion) investment. The French plant should start mass production soon.
Nonetheless, the two stockmarket legends shared their respect for the up-and-coming autoindustry CEO at their annual shareholder’s meeting late last week. However, Tesla’s stock volatility is likely to keep the traditionally conservative investing group away, at least for the time being.
But the new customer groups that are needed to continue sales success are cautious and sometimes even negative about the technology. The massive Chinese market likewise poses significant problems for German luxury car manufacturers. As of April 2024, BMW reported Chinese sales having declined by 3.8 percent annually.
Zeekr, Geely Holding Group's premium electric vehicle (EV) brand, officially launched its third model, the Zeekr X, at an event in the southwestern Chinese city of Chengdu on Wednesday. Now, with the launch of a new electric SUV with strong performance and competitive pricing, this process could be further accelerated.
While many members of the local autoindustry want the exemption – which applies to vehicles priced under the luxury car tax purchased on a novated lease to be extended, it now seems a forlorn hope. Chinese rival Jaecoo J7 PHEV confirmed for March 2025 launch in Australia READ MORE: Axed!
Smart is a 50:50 partnership between Mercedes-Benz and the Chinese Geely Group, and the brand makes a return to Australia this month with its #1 and #3 SUVs. Powering them and the car’s in-built AI is what Smart says is an AMD V2000 – the most powerful chip available in the autoindustry.
The Chinese brand, in co-operation with partner Stellantis, has just launched in Australia with the C10 electric mid-sized SUV, but it will also add a range extender plug-in hybrid C10 imminently (Leapmotor calls them Range Extender Electric Vehicles or REEVs). READ MORE: BYD Sealion 6 under threat! 2025 Leapmotor B10. 2025 Leapmotor C16.
Prior to ending its much-discussed electric-vehicle project, Apple worked with Chinese automaker BYD on batteries, Bloomberg reported on Wednesday. Two reports in 2021 claimed Apple was seeking LFP batteries from both BYD and fellow Chinese firm CATL, with possible U.S. manufacturing.
After the EU announced new tariffs on Chinese EV imports, BYD is subject to an additional 17.4% After finding that Chinese EVs benefit from “unfair subsidization,” the EU pre-disclosed additional tariffs that it plans to impose on automakers this week. An increasingly competitive Chinese market has led to aggressive price cuts.
Autoindustry observers see Hyundai Motor Group’s recent lithium hydroxide supply deals as a sign that the group is focusing on adopting high-capacity NCM batteries to boost the driving range of its future EV models. The long-range trim of the EV3, fitted with a high-capacity 81.4
The Honda and Nissan EV merger will create one of the worlds largest autogroups as they look to pull a third Japanese automaker into the partnership. With around 8 million combined sales, the landmark partnership will create the third-largest autogroup globally, behind Volkswagen and Toyota. And its not only in China.
According to French autoindustrygroup Plateforme automobile and reported by RFI , 26% of new cars sold in France were battery electric or plug-in hybrid vehicles, amounting to 1,774,729 new cars. In 2023, 26% of new cars sold in France were battery electric and plug-in hybrid vehicles, a huge 47% jump from 2022.
As the European Union slaps more restrictive tariffs on EVs pouring in from China, Chinese automakers have found a workaround: they’ll just make and export hybrids instead, since hybrids of all varieties are bizarrely exempt from the tariff scheme. The European Union’s latest EV tariffs of up to 45.3%
Despite new tariffs on Chinese EV imports in the US and Europe, BYD is widening its lead in key auto markets like Southeast Asia and South America. The Chinese automaker is already a leading EV brand in these countries as it expands into new markets. It’s even cracking into Japan’s autoindustry, a market dominated by Toyota.
This will certainty lead to a decision by the group”. Italy has been looking to diversify its autoindustry, which is currently dominated by Stellantis – a laggard in electrification. The country is especially looking at Chinese automakers looking to build vehicles in Europe.
China has granted approval to a first group of nine automakers to carry out tests on vehicles with advanced autonomous driving technologies on public roads, as part of a plan to accelerate adoption of self-driving cars. Fleet operators such as ride-hailing companies will also be involved in the tests.
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