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Fiat Group Automobiles S.p.A., Chrysler Group International LLC and Guangzhou Automobile Group Co., The joint venture will finalize its localized production plans in the near term which includes the consideration of a Jeep model uniquely designed for China. Production is expected to begin by late 2015.
Fiat Group Automobiles S.p.A., Chrysler Group International LLC. and Guangzhou Automobile Group Co., GAC Group) have signed a Framework Agreement to expand their cooperation on passenger car manufacturing and sales in China. GAC Fiat Automobiles Co., GAC Fiat Automobiles Co., billion Yuan (US$289 million).
Buick’s vehicle-to-everything (V2X) technology made its debut at the Guangzhou InternationalAutomobile Exhibition. Later this year, Buick will become the first brand in China officially to roll out the market-ready technology on a production vehicle, a Buick GL8. Past work on V2X in China.
National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.
General Motors signed a letter of intent to participate in the Shanghai EV International Pilot City Partnership during the 2011 International Forum on Electric Vehicle Pilot City and Industrial Development.
Venturi Automobiles announced a joint venture with award-winning actor and environmental activist Leonardo DiCaprio to enter a team in the new FIA Formula E Championship—the first fully-electric race series beginning in September 2014.
China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. This progress includes advanced internal combustion engines; efficient transmissions; lightweight materials; and hybrid and other energy-saving technologies.
At the 10 th China (Guangzhou) InternationalAutomobile Exhibition, Honda announced it was introducing the Insight and the Fit Hybrid to the China market, in addition to the CR-Z, which was launched in July. Honda also announced its plans to further expand its lineup of hybrid models in China.
Protean Electric, developer of in-wheel electric drive systems ( earlier post ), received $84 million in new funding from GSR Ventures, New Times Group, Oak Investment Partners and the city of Liyang, Jiangsu Province, China. This marks Protean Electric’s entry into China, the world's largest automobile market. million units.
The Daxing hydrogen station is part of the 200,000 square-meter Beijing International Hydrogen Energy Demonstration Zone. China is scaling up several fuel cell vehicle projects in 5 priority provinces and 10 major cities, actively developing a low-carbon sustainable automobile industry. Beijing HyPower Energy Technology Ltd.,
Estimated automobile ownership in China will exceed 200 million by 2020, causing serious energy security and environmental issues, according to Wang Fuchang, director of the Department of Equipment Industry under China’s Ministry of Industry and Information Technology. People’s Daily.
Innoviz Technologies, a leading provider of high-performance, solid-state lidar sensors and perception software, announced cooperation with Shaanxi Heavy Duty Automobile Co. in Xi’an, China to deploy autonomous trucks for an upcoming project in one of the biggest ports in China. Shaanxi Heavy Duty Automobile Co.
Better Place and China Southern Power Grid Co. The agreement, which focuses on joint electric car and infrastructure projects in CSG’s service areas, will further advance electric cars with switchable batteries in China. —China Southern Grid Chairman Zhao Jianguo.
The market for Li-ion batteries for automobile applications is expected to grow about 30% annually on average. Meanwhile, the movement to manufacture batteries locally for automobile applications in North America and Europe is becoming active with auto makers and battery cell makers implementing supply chain strategies.
FHI), the manufacturer of Subaru automobiles, will debut its EyeSight driver assist technology in China. will be exhibited at the 2016 Guangzhou International Auto Parts & Accessories Exhibition to be held in Guangzhou, China later this month. Fuji Heavy Industries Ltd.
Ford sales in China are up 7% for the first 11 month of this year. From January to November 2011, Ford China sold 470,152 wholesale vehicles compared to 438,636 vehicles last year. Ford Focus achieved another milestone in November; since its launch, Ford sold more than 800,000 wholesale units in China.
At the 2022 ChinaInternational Import Expo (CIIE), the largest import trade show in the world, Tesla showed off its growing allure to Chinese consumers through an exhibition of its compelling electric vehicles and its upcoming humanoid robot. For context, the Model S Plaid and Model X Plaid are only available for order in China.
The Nikkei reports that Toyota plans to develop hybrid vehicles with two Chinese automakers; Toyota made the announcement at the Guangzhou InternationalAutomobile Exhibition. The cars will be produced by the two joint ventures and sold exclusively in China starting in 2015. Earlier post.).
With two weeks to go until the opening of the Beijing International Auto Show, Hond Motor (China) Investment outlined its mid-term business strategy for China, covering both the Honda and Acura brands. Within this year, Honda will introduce three hybrid models to the China market. Earlier post.). Earlier post.).
As part of those actions, which include hiring a new President and CEO (Anning Chen) for Ford China, Ford China is elevated to a stand-alone business unit reporting to Ford global headquarters. Success in China is critical as we reposition our global business for long-term success. —Ford President and CEO Jim Hackett.
a member of China-based Guangzhou Automobile Group Co., Among all the products in the market, companies’ attention and Nidec’s particular focus are on the traction motor, one of the most important components to replace the existing internal-combustion engine. to manufacture automotive traction motors. Nidec in-wheel motor.
ZAP and Jonway Group announced they had earlier signed definitive agreements according to which ZAP will acquire 51% of Zhejiang Jonway Automobile Co. as part of a strategy to capitalize on the growing automotive and electric vehicle (EV) market in China. Jonway is ISO 9000 and China Compulsory Certification (CCC) certified.
plans to expand its collaboration with Chinese truck maker Anhui Jianghuai Automobile Co. Light-duty truck export opportunities from JAC in China to Navistar dealers in Brazil. The transportation of students in China has received significant attention in recent months. Navistar, Inc.
China’s EV market, one of the three largest automobile markets in the world, is broadly divided into the sub-markets of budget models for running short distances and high-end models that require longer cruising ranges. in Guangdong, China. High-capacity LiBs are critical to extending cruising range for high-end vehicles.
Broadly, the survey found that the majority of consumers’ in the world’s four largest automotive markets either identify themselves as potential first movers, or at least willing to consider purchasing an electric vehicle (China 93%, Europe 69%, US 54%, and Japan 48%). —John Hung, Managing Partner, Automotive Sector, Deloitte China.
Ford will upgrade its entire powertrain portfolio in China by bringing 20 advanced engines and transmissions to support its planned introduction of 15 new vehicles to China—the world’s largest auto market—by 2015. These technologies represent a core part of our near-term sustainability goals in China.
China Yuchai International Limited announced that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL) and GYMCL’s joint venture company, Y&C Engine Co., Y&C Power is the joint venture company formed in 2009 between GYMCL, ChinaInternational Marine Containers Containers Group Ltd and Chery Automobile Co.,
Introduced at the 15 th annual Shanghai InternationalAutomobile Industry Exhibition (Auto Shanghai) in April, the transmission improves shift quality, durability and reliability and debuts in the Roewe 550 midsize sedan in 2013. BorgWarner United Transmission Systems Co.,
Lexus is introducing its first battery electric vehicle (BEV), the UX 300e, at the Guangzhou InternationalAutomobile 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 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. Five of the seven locations are in China, and the other two are in Europe. Nidec also jointly runs a plant with the Guangzhou Automobile Group.
Consumption of gasoline in China grew from 0.9 This continues a trend of significant growth in China’s transportation sector since the 1990s. Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. China vehicle sales and gasoline consumption.
The Volkswagen Group is building seven new plants in China. The member of the Board of Management of Volkswagen Aktiengesellschaft with responsibility for China, Prof. Volkswagen had already reduced the fuel consumption of its fleet in China, currently including more than 70 models, by 20% between 2005 and 2010.
Johnson Controls will provide its Absorbent Glass Mat (AGM) advanced lead-acid battery technology to power the Chery Jaguar Land Rover Start-Stop and other vehicles made in China to serve the China market. To support this growth, it is investing $520 million globally to increase production in the US, Europe and China.
Ford officially opened a US$500-million new engine plant in Chongqing at its joint venture in China Changan Ford Automobile (CAF). liter three-cylinder EcoBoost engine, recently named International Engine of the Year for the second year running. Ford will initially manufacture two engines at CAFEP: a 1.5-liter
With previous professional experience as CEO of Asian Operations for Chrysler Group and the CEO of General Motors China Group, Murtaugh provides keen insight into Pinnacle’s planned expansion in 2014, focused heavily on Asian markets.
This year’s projected revenue growth improves on the already strong 10% rise of the China automotive chip market in 2013, and three more years of similar notable increases will take place. China continues to be a place of rising automobile production and shipments. —Alex Liu, analyst for China research at IHS.
National Electric Vehicle Sweden AB (NEVS), an international consortium formed by Swedish and Chinese stakeholders, finalized its acquisition of the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB, effective 31 August 2012. Earlier post.).
There was a $1-billion initial public offering by NIO, a $585-million Series C venture capital round by Guangzhou Xiaopeng Motors and a $294-million pre-IPO round by Zhejiang Dianka Automobile. Colin McKerracher, head of advanced transport analysis at BNEF, said that there is a growing amount of money chasing China’s electric vehicle boom.
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. The company ranked 5 th among all brands in J.D.
CHAdeMO Association and the China Electricity Council (CEC) will jointly develop a next generation Ultra-Fast charging standard. CEC is China’s official association of utilities in charge of their national regulations and standards related to electricity. —CHAdeMO’s Secretary General Dave Yoshida.
Honda Motor (China) Investment Co., a wholly-owned Honda subsidiary in China, plans to stage the world premiere of an all-new concept model as well as other new Honda models at Auto Shanghai 2015 (The 16th InternationalAutomobile & Manufacturing Technology Exhibition, press days: April 20-21, 2015, public days: April 22-29, 2015).
Genesis introduced the Electrified GV70 SUV by hosting a world premiere event at the Guangzhou InternationalAutomobile Exhibition (Auto Guangzhou 2021) in China last week.
At the International Forum on Chinese Automotive Industry Development, Honda Motor (China) Investment Co., Dongfeng Honda Automobile Co., and Honda Motor China Technology Co., Dongfeng Honda Automobile Co., and Honda Motor China Technology Co.,
China Yuchai International announced that a “K-Gold” model C&C truck equipped with the YC6K1340N liquid natural gas (LNG) engine has won the “Fuel Efficient Heavy-Duty Truck of the Year 2014” at China’s largest annual commercial vehicle event. The engine can meet China State 5 and Euro ? and Chery Automobile Co.,
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