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Balqon to build electric buses in China with SAIG

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California-based Balqon Corporation, a developer of heavy-duty electric vehicles, drive systems and lithium battery storage devices ( earlier post ), has entered into a Joint Development Agreement with China-based Sichuan Automobile Industry Co., Sichuan Automobile Industry Co.

China 300
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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. —Yu Jun, General Manager of GAC Motor.

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Nidec to form electric traction motor JV with a subsidiary of Guangzhou Automobile Group

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Leading motor manufacturer Nidec Corporation will form a joint venture with GAC Components Co., a member of China-based Guangzhou Automobile Group Co., to manufacture automotive traction motors. Nidec’s fully integrated automotive traction motor system E-Axle (announced in April 2018). billion to US$9.3 billion) in 2030.

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BorgWarner China JV begins delivery of dual-clutch modules

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Introduced at the 15 th annual Shanghai International Automobile Industry Exhibition (Auto Shanghai) in April, the transmission improves shift quality, durability and reliability and debuts in the Roewe 550 midsize sedan in 2013. BorgWarner United Transmission Systems Co.,

China 207
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Volkswagen extends cooperation with China joint venture partner FAW Group for 25 more years; enhanced R&D on alt drive systems

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After 20 years of cooperation, the Volkswagen Group and its Chinese joint venture partner First Automotive Works (FAW) are extending their present partnership for a further 25 years—i.e., Heizmann and Chen Zhixin, President of SAIC Motor Corporation, also signed a joint agreement to this effect. until the year 2041.

China 218
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Volkswagen Adding 1.6B to Investment for China; 6B Total

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In view of the dynamic development of the Chinese automobile market, Volkswagen has added €1.6 Growth in the Chinese automobile market has exceeded everyone's expectations”. In 2010, the Volkswagen Group will be launching a total of seven new or updated models produced locally on the Chinese market. billion (US$2.1

China 186
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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

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However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies. 2012 Chinese Auto Industry Development Report. Experts urged greater efforts on China’s part to boost development of the new energy vehicle industry.