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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 79
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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 75
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First car using Nidec’s E-Axle traction motor system unveiled

Green Car Congress

The new electric car brand Aion S—recently unveiled at Auto Guangzhou 2018 by GAC NE, GAC MOTOR’s new energy vehicle arm—will be the first line of cars to adopt Nidec’s fully integrated traction motor system (E-Axle) ( earlier post ). Earlier post.). Earlier post.).

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Infineon Technologies and SAIC Motor establish power module JV in China

Green Car Congress

SAIC Motor Corporation Limited and Infineon Technologies AG established a joint venture to manufacture power modules for the developing electric vehicle market in China. SAIC Motor holds a stake of 51% of the JV and Infineon 49 percent, respectively. The partners have received all approvals by public authorities.

China 218
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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. The GT high performance edition will adopt a front and rear dual-motor layout, joining the 3-second club with its 0-100 km/h acceleration capabilities.

China 353
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Renault-Nissan Alliance and Dongfeng Motor Group form new JV to co-develop electric vehicles in China

Green Car Congress

The Renault-Nissan Alliance and Dongfeng Motor Group Co., eGT), will focus on the core competencies of each partner and will harness the full potential of the Renault-Nissan Alliance electric vehicle leadership, as well as the resources of Dongfeng in the new energy industry, to meet the expectations of the Chinese market.

Nissan 150
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BMW Group plans joint venture for MINI electric vehicles in China; LoI with Great Wall Motor

Green Car Congress

To this end, the BMW Group has signed a letter of intent (LoI) with the Chinese manufacturer Great Wall Motor. In addition to its two automobile production locations, BBA already runs an engine plant, which includes a battery factory for electrified BMW brand vehicles produced locally in Shenyang.

BMW 218