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Nikkei: Nidec to build $715M e-axle plant in Mexico

Green Car Congress

The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The company is currently producing e-axles in China and Europe but will start making them in North America as well ahead of an expected surge in demand. million e-axles.

Mexico 259
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Foxconn partnering with Thailand’s PTT to build EVs; MIH open EV platform

Green Car Congress

The platform, comprising hardware and software services, will be available to all automobile players in Thailand looking to accelerate their production and sales of EVs in Thailand and elsewhere in the ASEAN region. PTT is a Thai state-owned oil and gas company and the largest publicly listed conglomerate in Thailand.

Thailand 334
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Baidu to establish an intelligent EV company and form strategic partnership with Geely

Green Car Congress

a leading China-based Internet platform and AI company, plans to establish a company to produce intelligent electric vehicles (EV), and that it has entered into a strategic partnership with multinational auto manufacturer Zhejiang Geely Holding Group. Baidu, Inc., —Robin Li, Co-founder and CEO of Baidu.

Companies 199
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Volkswagen selects China-based LEAD for European gigafactory battery manufacturing equipment

Green Car Congress

LEAD) announced that it has been contracted by Volkswagen to supply battery manufacturing equipment for Salzgitter, accounting for more than 65% of the total equipment quantity for that 20 GWh gigafactory. Volkswagen has announced it will invest €30 billion to build 6 battery factories in Europe. Wuxi Lead Intelligent Equipment Co.,

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SAIC plans Eu manufacturing facility for MG automobiles regardless of upper prices

Baua Electric

LONDON — MG has admitted it is going to most likely price the corporate extra to develop automobiles in a deliberate Eu manufacturing facility when compared with China however says the advantages will outweigh the negatives. “I A Eu manufacturing facility would additionally carry higher hyperlinks to the area.

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Consumer Reports Says EVs Less Reliable Than Traditional Automobiles

The Truth About Cars

For 2023, CR reported that EVs had 79 percent more problems than automobiles that use internal combustion. Automakers have also been building them a lot longer than their plug-in counterparts and they tend to be based on models that have been around for a while. “It Plug-in hybrids were even worse with 146 percent more issues.

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Renault Group and Geely sign JV agreement to launch powertrain technology company; hybrids and ICE

Green Car Congress

The new company will include 17 engine plants and 5 R&D centers in 3 continents with 19,000 employees in a full-fledge effective organization strategically structured to provide powertrain solutions for multiple OEMs.

Hybrid 150