Remove Automobile Manufacturer Remove Chinese Remove Europe Remove Manufacturer
article thumbnail

Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

It acquired 20% of the Chinese automakers, making it a significant shareholder. Previously, Leapmotor estimated that the first shipments of its EV would hit Europe by the second half of 2024. The Chinese automaker also said that the executive team for its joint venture with Stellantis is in place as C10. billion in Leapmotor.

Chinese 93
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

JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

China, Europe, and the US all posted double-digit declines in March. However, Europe was hit the hardest, with the lowest number of sales for March in 38 years. The passenger cars registrations for Europe-27 were 848,800 units, down by 52% compared to March 2019. million units. million units.

Europe 261
article thumbnail

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.

Chinese 150
article thumbnail

Borgward to build manufacturing facility in Bremen; all-electric-drive Borgward BX7 first model; Industry 4.0

Green Car Congress

In accordance with Borgward’s announcement that it will begin sales in Europe with electric SUVs, the first model to be produced in Bremen will be a Borgward BX7 with an all-electric drive system. The company also plans to manufacture electric and plug-in-hybrid versions of the BX5 series and other models. Earlier post.)

article thumbnail

China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Of course, the Chinese EV market is booming – but looking at the numbers, it’s pretty staggering. Chinese automakers expect to have sold some 9.4 In 2023, the company sold 1.6 million vehicles. BYD tripled its profits to $1.5

BYD 52
article thumbnail

European automakers request 6-month postponement of new Euro standards due to COVID-19

Green Car Congress

The ACEA represents the 16 major Europe-based car, van, truck and bus makers. up of stocks at manufacturers, importers and dealers. In addition to the vehicles that were built already, manufacturers are gradually re?starting FCM for passenger cars and light vans (currently 1 January 2021); Euro VI Step E for trucks; and.

Standards 199