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

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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 billion yuan (US$679 million).

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Motor vehicle taxation brings in €440.4B for governments in major European markets

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New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe.

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First driving behavior-based telematics automobile insurance developed for Toyota connected cars in Japan

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have jointly developed Japan’s first driving behavior-based telematics automobile insurance. The advance of telematics technologies has led to major changes in the automobile industry, such as the creation of a variety of new products and services that utilize automobile driving data. Background.

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CATL starts construction of Li-ion factory in Germany; 14 GWh by 2022

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CATL has developed partnerships with a number of European companies in the automobile industry including BMW, Volkswagen, Daimler, Volvo, and Bosch. Germany is home to a strong automotive industry and several of CATL’s key customers. —Matthias Zentgraf, Co-president Europe CATL. —Matthias Zentgraf.

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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

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The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said.

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European consortium launches 4-year, $80M L3Pilot research project to test Level 3, 4 autonomous driving in 11 countries

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Thirteen European automobile manufacturers, suppliers, research institutes and universities, and small and mid-sized companies will operate 100 vehicles with 1,000 drivers under real conditions and in a wide range of applications. —Aria Etemad from Volkswagen Group Research, project coordinator L3Pilot.

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Toyota to launch two new plug-in hybrid models in China; Corolla and Levin

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On the eve of the 2016 Beijing International Automobile Exhibition, Toyota announced that it will launch plug-in hybrid versions of the Corolla and Levin—two mass-market models, both of which have conventional hybrid variants—in China during 2018. At present, it is available in models sold in Europe and Japan.

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