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ZAP Acquires 51% Stake in China’s Jonway Auto in Focus On China EV Market; Plans Acquisition of Other 49% in Second Phase

Green Car Congress

ZAP and Jonway Group announced they had earlier signed definitive agreements according to which ZAP will acquire 51% of Zhejiang Jonway Automobile Co. as part of a strategy to capitalize on the growing automotive and electric vehicle (EV) market in China. million in cash. million in cash. —Steve Schneider, CEO of ZAP Jonway.

China 218
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European and Chinese Auto Manufacturers Groups Sign Cooperation Agreement

Green Car Congress

The European Automobile Manufacturers’s Association (ACEA) has signed a cooperation agreement with the China Association of Automobile Manufacturers (CAAM) in Beijing. ACEA Secretary General Ivan Hodac welcomed the agreement as an important milestone in the ACEA activities in China. Tags: Brief.

Chinese 150
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Ford CEO Unveils New Figo for India Market and Export Sales, New Manufacturing Plant in China with Changan

Green Car Congress

Ford Motor Company President and CEO Alan Mulally revealed the new Ford Figo, the anticipated new car to be produced in India and targeted at the India and export market. China expansion. Click to enlarge. Ford said that Mulally’s visit for the reveal underscores the strategic importance of India in Ford’s future plans. Earlier post.)

India 210
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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

US-based electric vehicle provider ZAP and China auto manufacturer Zhejiang Jonway Automobile Co. have entered a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. The Jonway A380. Click to enlarge.

China 186
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Smartphone builder Xiaomi’s first EV coming in Q2 and looks to capitalize on 20M current users

Baua Electric

Long before any entry into building EVs, Xiaomi was a household name in China, manufacturing a myriad of electronics based on an Internet of Things (IoT) platform. Following a decline in smartphone sales, the consumer electronics specialist began exploring new outlets to maintain its cash flow as an international manufacturer.

Chery 52
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Toyota to invest Rs 4,800 crore to make electric vehicle parts in India

Electric Vehicles India

Toyota has lined up its own green targets with India’s ambitions of becoming a manufacturing hub though the switch to clean transport in the South Asian nation is slower than in other countries such as China and the U.S. The rest will come from Toyota Industries Engine India. Bloomberg.

India 91
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Elon Musk as soon as laughed at this Chinese language carmaker. He isn’t giggling now

Baua Electric

Additionally, Musk has made it deny undisclosed that he recognizes the paintings ethic in China, particularly next Tesla opened its Giga Shanghai manufacturing unit within the nation in past due 2019. And so if I were to guess, probably some company out of China is the most likely to be second to Tesla,” Musk stated.

Chinese 52