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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. Tags: Brief. People’s Daily.

2020 225
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12th Five-Year Plan for Chinas auto industry to make new-energy vehicles priority

Green Car Congress

The 12 th Five-year Plan for China’s auto industry reportedly will make developing new-energy vehicles the top priority. China is targeting annual new-energy automobile sales of 1 million units by 2015, according to the China Association for Automobile Manufacturers. Tags: Brief.

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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

The new Ford Figo will be manufactured at Ford’s expanded integrated manufacturing facility near Chennai, which is undergoing a $500 million transformation to become a regional center of excellence for Ford small car production. It leverages Ford’s small-car platform architecture, sharing underlying technology with the Ford Fiesta.

India 210
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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

China Daily. 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.

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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

Terms of the sale were not disclosed. Nexteer Automotive is a global provider of advanced steering and related technology. The company designs, engineers, manufactures and sells electric power steering, hydraulic power steering, steering columns and driveline halfshafts for more than 60 automobile manufacturers and tier one suppliers.

GM 186
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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

as part of a strategy to capitalize on the growing automotive and electric vehicle (EV) market in China. ZAP is a 15-year-old California EV company and Jonway Auto is a wholly owned subsidiary of Jonway Group, a 20-year-old Chinese vehicle manufacturer. million in cash. —Steve Schneider, CEO of ZAP Jonway.

China 218
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Better Place, Chery Sign Collaboration MOU for Prototype Switchable Battery Electric Vehicles in China

Green Car Congress

China’s largest independent auto producer and exporter&mash; signed a memorandum of understanding (MOU) to collaborate on electric vehicle technology in the world’s largest auto market. Our collaboration with Chery is just the beginning for Better Place in China. Tags: Brief.

Chery 210