Remove Automobile Industry Remove Global Remove Group Remove Manufacturer
article thumbnail

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

Green Car Congress

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. More than 45 billion yuan (US$6.5

article thumbnail

Sony and Honda sign MOU to create JV to develop and sell EVs and mobility services; first model on sale in 2025

Green Car Congress

Sony Group Corporation and Honda Motor signed a memorandum of understanding that outlines their intent to establish a joint venture through which they plan to engage in the joint development and sales of high value-added battery electric vehicles (EVs) and commercialize them in conjunction with providing mobility services.

Honda 150
article thumbnail

goEgoNetwork raises $2 million in seed funding for EV charging infrastructure 

Electric Vehicles India

The seed round is funded by Bagla Group, Global Innovation Labs and Fintech at ING Bank. Bagla said, “EVs are not just about disrupting the internal combustion engine automobile industry but are part of the larger disruption in energy and transportation, which are witnessing a considerable shift towards green technology solutions.”.

Charging 105
article thumbnail

Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

Green Car Congress

Sustainable Value Margin—the ratio of Sustainable Value to sales—for each of the evaluated manufacturers. A survey of the sustainability performance of 17 of the world’s leading automakers has found a mixed pattern when it comes to the sustainability performance of most of the car manufacturers. Click to enlarge. Click to enlarge.

article thumbnail

Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany’s VDA, an interest group for the country’s automobile industry, says that battery-powered vehicles are likely to see a decline from 524,000 units last year – more than any other European market – to 451,000 units this year. According to VDA estimates, the global market should see a 2% growth to 77.4 pre-pandemic.

Market 52
article thumbnail

Honda, Sony agree to electric vehicle development partnership, first deliveries in 2025

Teslarati

and Sony Group Corporation announced in a press release they have agreed to form a strategic alliance that aims to develop new electric vehicle technologies and mobility services. ” “Sony’s Purpose is to ‘fill the world with emotion through the power of creativity and technology,'” Sony Group Corp.

Honda 98
article thumbnail

CEO’s Take On 2024: Demand for feature-rich, safe, connected and electric vehicles to drive auto parts industry, says Bosch India chief – ET Auto

Baua Electric

Guruprasad Mudlapur, President- India, Bosch Group, and Managing Director, Bosch Limited Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry’s performance, what is your outlook for 2024? The Indian economy has demonstrated remarkable resilience in the face of shifting global dynamics.

India 52