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National Electric Vehicle Sweden AB (NEVS) and Dongfeng Motor Corporation enter strategic cooperation, focused on new energy vehicles

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—the rebirthed Saab—and Dongfeng Motor Corporation (Dongfeng) have signed a strategic cooperation agreement to achieve global industrial synergies. Dongfeng will also support NEVS to achieve the new energy vehicle mass production. —Mattias Bergman, President, NEVS.

Sweden 150
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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. Volume production is scheduled to start in the second half of 2018.

China 218
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CATL and Toyota form comprehensive partnership for new energy vehicle batteries

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Limited (CATL) and Toyota Motor Corporation have entered into a comprehensive partnership agreement for the stable supply and further development of New Energy Vehicle (NEV) batteries. China-based Contemporary Amperex Technology Co.,

Toyota 318
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Hyundai Motor Group invests $300M in India’s largest mobility service provider Ola

Green Car Congress

Hyundai Motor Group and India-based Ola—one of the world’s largest ride-hailing platforms— announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.

Hyundai 186
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Volvo Cars and Geely Auto to deepen collaboration; new combined powertrain company

Green Car Congress

Companies to retain independent corporate structures. Following a detailed review of combination options, Volvo Cars and Geely Auto have concluded they can secure new growth opportunities in their respective markets and meet evolving industry challenges through deeper cooperation, while preserving their existing separate corporate structures.

Volvo 320
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Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

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The Sustainable Value approach is a value-based method for assessing corporate sustainability performance that extends the traditional valuation methods used in financial analysis to include not just the use of economic capital, but also environmental and social resources. Click to enlarge. GM achieved a sustainable value of -€9.87

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Mitsubishi Electric develops smallest, lightest motor controller unit for automotive power steering

Green Car Congress

Mitsubishi Electric Corporation has developed what it says is the world’s smallest and lightest motor controller unit for electric power steering in automobiles. This results in the unit being 50% smaller and 30% lighter than the company’s current products with equal output.