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Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., GAC Group); Beijing Automotive Group Co., BAIC Group); and Beijing SinoHytec Co., — signed a joint venture agreement for the establishment of United Fuel Cell System R&D (Beijing) Co.,
Swedish Automobile N.V. Swan) announced that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile) filed for voluntary reorganization today with the District Court in Vänersborg, Sweden.
California-based Balqon Corporation, a developer of heavy-duty electric vehicles, drive systems and lithium battery storage devices ( earlier post ), has entered into a Joint Development Agreement with China-based Sichuan Automobile Industry Co., Sichuan Automobile Industry Co. Ltd (SAIG) to manufacture inner-city electric buses.
GSR is honored to lead this round of investment in a disruptive technology that we believe has great promise for the Chinese automotive market and potentially building a global EV platform. This marks Protean Electric’s entry into China, the world's largest automobile market. In 2011, China automobile sales exceeded 18.5
and Saab Automobile AB (Saab Automobile) have signed an agreement with Hawtai Motor Group Company Limited (Hawtai). We expect that Saab’s unique brand values based on its aviation heritage, Scandinavian origins and innovation-driven character will do very well in the Chinese market. Spyker Cars N.V.
The move, part of a broader global expansion, is the first step in a major expansion in China and far more than doubles the company’s manufacturing space in the country, where it now builds electric drive systems at its manufacturing facility in Shanghai. Our order book is overflowing, so we’re expanding to meet future demand.
The Volkswagen Group, together with its partner FAW, will build two new vehicle plants in Qingdao and Tianjin, with an estimated investment of €2 billion (US$2.7 Volkswagen has been active on the Chinese market for 30 years and is one of the Western pioneers of the automobile industry in the country.
Ford, together with its partners in China, is building its first transmission plant in China. Ford’s passenger vehicle joint venture in China, Changan Ford Mazda Automobile Ltd. CFMA) signed a Memorandum of Understanding for the transmission plant project with the Chongqing Municipal Government.
million to build a battery pack plant that will have an annual production capacity of 200 MWh (capable of powering about 10,000 electric vehicles) by the second half of 2014, according to the report. SK had signed a letter of intent for the joint venture with its Chinese partners in April. (BAIC) and Beijing Electronics Holding Co.,
Although the traction motor system will be launched in the Chinese market first, Nidec plans to make the product available to European automobile manufacturers as well in the near future. Mass production will start in 2019 in Nidec’s new dedicated 66,000 m 2 factory in the Pinghu Economic Development Zone near Shanghai.
plans to build an R&D center in China as early as next year. Toyota would be the first Japanese automaker to establish a Chinese R&D center funded solely by itself. Toyota intends to take this a step further in China, which is expected to surpass the US to become the world’s largest automobile market in 2009.
Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely, which holds the distinction of best-selling Chineseautomobile brand in past years under the Volvo and Geely brands, will contribute its expertise in automobile design and manufacturing.
According to the Beijing Municipal Commission of Development and Reform, the city will not take administrative measures to restrain residents from buying automobiles in order to deal with the growing congestion resulting from the increasing size of the city vehicle parc. About 19 million Chinese obtained a driving license in 2009.
Audi and its Chinese partner companies FAW and SAIC are showing four world premieres: the brand-new Audi A6 e-tron concept vehicle and the all-round updated Audi Q5L, in addition to the Audi A7L and an SUV study, still kept beneath a cover, named Audi concept Shanghai.
NextEV and the Nanjing Municipal Government signed a strategic partnership agreement to build a 3 billion RMB (US$463 million) plant facility for the development and production of high-performance motors and electronic modules in the Nanjing Economic and Technological Development Zone. billion) in the field of electric vehicles..
In a further extension of Ricard’s collaboration with the Lifan Automobile Group based in Chongqing, China, the company will assist in the development of a new turbocharged gasoline direct injection engine. With work on the project starting in July, the first engines are due for production in late 2014.
However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies. 2012 Chinese Auto Industry Development Report. Energy-saving and new energy vehicles have become the development direction of the international automobile industry.
The Guangzhou accord calls for the municipal government to encourage local car manufacturers, such as Guangzhou Automobile Industry Group, to produce electric cars with switchable batteries. It also calls for the city to promote electric-car adoption in fleet segments including public-sector vehicles and private-sector fleets such as taxis.
The US-China Electric Vehicles Initiative builds on the first-ever US-China Electric Vehicle Forum in September 2009. The roadmap will be made widely available to assist not just US and Chinese developers, but also the global automotive industry. The United States and China are the world’s two largest automobile markets.
With the approval from the NDRC, Stellantis can build and sell Leapmotor electric vehicles (EVs) outside of China, said people familiar with the matter. It acquired 20% of the Chinese automakers, making it a significant shareholder. is a state-owned automobile manufacturer based in Wuhan, Hubei. billion in Leapmotor.
BYD thus becomes the first Chineseautomobile manufacturer to own the intelligent vehicle body control technology throughout. BYD has released the BYD DiSus Intelligent Body Control System (DiSus System). The full stack self-developed BYD DiSus System is exclusively designed for new energy vehicles (NEVs).
After 20 years of cooperation, the Volkswagen Group and its Chinese joint venture partner First Automotive Works (FAW) are extending their present partnership for a further 25 years—i.e., The Volkswagen Group is one of the most successful companies in the Chineseautomobile industry. until the year 2041.
Chinese carmaker Jianghuai Automobile Co.,Ltd. China automaker Chary is building a plant in São Paulo, and Great Wall Motor recently expressed interest in setting up Brazilian production. JAC will send 1,500 more units this month, and 2,500 cars in February. Its current annual new vehicle sales are around 80,000 units.
Kia Motors Corporation plans to build a third manufacturing plant in China in order to meet increasing local demand and to maintain its positive sales momentum in the market. According to a Chinese government policy-making think tank, the State Information Center, next year’s local automotive demand will reach 12.7
will begin building its fourth and fifth plants in China next year to respond to surging demands in the world’s largest automobile market. BHMC will build its fourth plant in Cangzhou, Hebei province, and its fifth plant in Chongqing. s capacity to 1.65 million units per year.
GKN Driveline’s Chinese Joint Venture partner SDS has commenced production of its complete all-wheel drive (AWD) Disconnect system for small- to medium-sized vehicles in China. The system will initially feature on the Jeep Renegade built for the Chinese market by GAC Fiat Chrysler Automobiles Co.,
This new facility will bring us nearer to our Chinese customers and also improve the quality of our supply chain. The Changsha plant is the first production facility of the Shanghai-Volkswagen joint venture to receive the “Triple-Star Green Building Design Award“, the highest state award for environmentally compatible factory design.
The Volkswagen Group, through its two Chinese joint ventures, will be investing more than €9.8 The Volkswagen Group is building seven new plants in China. The seven new plants will set new standards for sustainable automobile production. We will be launching the largest investment program in China’s automotive history.
An affiliate of Navistar International Corporation and Anhui Jianghuai Automobile Co. JAC) have signed a joint venture agreement to develop, build and market advanced diesel commercial engines in China. also signed today a joint venture agreement with JAC to develop, build and market advanced commercial vehicles in China.
US-based electric vehicle provider ZAP and China auto manufacturer Zhejiang Jonway Automobile Co. Jonway currently manufactures several thousand units per month of its A380 compact SUV in 3- and 5-door models and is expanding its product line with new model sedans and other automobiles. The Jonway A380. Click to enlarge.
ZAP and Jonway Group announced they had earlier signed definitive agreements according to which ZAP will acquire 51% of Zhejiang Jonway Automobile Co. ZAP is a 15-year-old California EV company and Jonway Auto is a wholly owned subsidiary of Jonway Group, a 20-year-old Chinese vehicle manufacturer. million in cash. Earlier post.)
Eaton Corporation’ superchargers will make their debut in China on selected new engines on three vehicle models from Chery Automobile Co., This latest Eaton supercharger application will be the first on a Chinese-produced vehicle. Zhu Hang, vice president and Dean of Engine Engineering & Research Institute, Chery Automobile Co.
This brings the two partners’ total investment in Chinese locations to around €1.5 billion) since 2009, the year the company announced it would build a second plant. “”, continued Reithofer. The engine plant has an initial capacity of 200,000 engines, which will increase in line with the expansion of the two automobile plants.
BASF and the Research and Development Center of Guangzhou Automobile Group Co. Additionally, the needs and individual style preferences of Chinese drivers have become more diverse due to an increasing number of female drivers and senior drivers. This is the first time BASF has cooperated with a Chinese OEM to develop concept vehicles.
Lexus is introducing its first battery electric vehicle (BEV), the UX 300e, at the Guangzhou International Automobile Exhibition. The UX 300e is scheduled to go on sale in the Chinese and European markets in 2020, and in Japan early in 2021.
The deal will be finalized upon approvals from relevant Chinese government authorities. As part of the agreement, JMC will pay cash for the 80% stake currently held by China Changan Automobile and the 20% holding of China South Industries Group Corporation. JMC sold more than 190,000 vehicles in 2011, bringing in revenue of 17.5
JiDU is a technology-based startup company backed by China’s search engine giant Baidu and Chinese automaker Geely Holding. JiDU will quickly implement advanced intelligent cockpit technologies, bring these technologies to the market immediately and create reliable, self-evolvable automobile robots. —Xia Yiping, CEO of JiDU.
Borgward Group AG, the reincarnation of the German automaker that ceased operations in 1961 ( earlier post ), will be returning to Bremen and building a production facility there. In the first step, the company will build an assembly hall with around 10,000 square meters of floor space.
The production momentum continues for Xiaomi Automobile , the new EV arm of Chinese smartphone manufacturer Xiaomi Inc. Today, the automaker shared it has completed a recently announced production ramp up of its flagship model and is on track to hit 100,000 builds this year… two months ahead of schedule.
Dürr is building a fully automatic paint shop for a Anhui Jianghuai Automobile (JAC) plant in China. The Hefei paint shop marks the first time use of Dürr EcoBell3 Ci atomizers by a local Chinese car manufacturer. There is no need for a trunk opener at the rear.
Xiaoju Automobile Solutions?XAS?was was soon created to build out a collaborative driver/car-owner service platform through integrated auto-finance, leasing, trading, charging and refueling, and maintenance operations.
Ford Motor Company and Zotye have agreed to establish Zotye Ford Automobile Co., Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment.
For the first time at the event, Evonik Industries will demonstrate a wide range of applications for cars at the 14 th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2011) from April 21 to 28 in Shanghai, China.
The Chinese Santana sedan is an especially popular model. In the second phase, from 2020 onwards, the brand is to build up a comprehensive family of full-electric vehicles on the basis of an entirely new electric architecture. will be the automobile future of Volkswagen. The family will include the I.D., Crozz and I.D.
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