article thumbnail

Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

It acquired 20% of the Chinese automakers, making it a significant shareholder. The Chinese automaker also said that the executive team for its joint venture with Stellantis is in place as C10. In November, Stellantis repurchased €934 million shares from Chinese automaker Dongfeng based on a pre-existing share repurchase framework.

Chinese 95
article thumbnail

Stellantis production affected by cyberattack on Chinese supplier

Teslarati

Multiple car brands under Stellantis were affected by a cyberattack on Chinese supplier, Yanfeng International Automotive Co. Yanfeng supplies automobile manufacturers with car parts including electronics, seats, interiors, and other components. billion in the Chinese company.

Chinese 90
article thumbnail

Ford to manufacture Mustang Mach-E in China; localized production of GT as well

Green Car Congress

Ford announced that Mustang Mach-E, its first global pioneering SUV built on an all-new, all-electric platform, will be manufactured in China by Changan Ford for local customers. Mustang Mach-E will become available in China later this year. Ford is investing more than $11.5 billion in electric vehicle development through 2022.

China 353
article thumbnail

Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei. billion in Leapmotor , acquiring 20% of the Chinese company and becoming a significant shareholder.

article thumbnail

StreetScooter to form JV with Chery for electric light utility vehicles

Green Car Congress

StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chinese automobile manufacturer Chery Holding Group (Chery) establishing a joint venture between the two companies.

Chery 236
article thumbnail

BYD’s cars are getting smarter, and its huge R&D staff could fill a city

Baua Electric

Chinese EV giant BYD – which has hired some 90,000 employees in R&D to ramp up its smart tech game – now has a new smart car system. Alongside launching Xuanji at BYD’s 2024 Dream Day yesterday , BYD also announced that it plans to invest 5 billion Chinese yuan ($701.8 Chinese automakers expect to have sold some 9.4

BYD 75
article thumbnail

SVOLT Energy Technology First to Scale Production of Safer Lithium-Ion Batteries with Soteria Battery Innovation Group

EV Obssesion

SVOLT), a global advanced technology company and spin-off of Chinese automobile manufacturer Great Wall Motors, is first to begin commercialization of lithium-ion batteries (LIB) utilizing safety technology from Soteria Battery Innovation Group (BIG). GREENVILLE, S.C.,