Remove Automobile Remove Chinese Remove Financing Remove Industry
article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.

article thumbnail

Koenigsegg Group AB Links With Beijing Automotive Industry Holdings Co. Ltd (BAIC) for SAAB Transaction

Green Car Congress

Koenigsegg Group AB has signed a Memorandum of Understanding (MOU) with Beijing Automotive Industry Holdings Co. BAIC) to explore growth opportunities in the Chinese and international markets for the products of SAAB Automobile and BAIC. Koenigsegg Group will own 100% of SAAB Automobile AB. Earlier post.).

article thumbnail

Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Image from Enovate's Weibo) Enovate Motors, the Chinese new energy vehicle (NEV) startup that announced late last year that it would build a production base in Saudi Arabia, is actually facing financial woes in its home market. Enovate has closed eight financing rounds totaling more than RMB 11.5

article thumbnail

Sumitomo to acquire 25% of Hay Holding GmbH from Musashi; expanding its automotive business

Green Car Congress

Sumitomo Corporation and Musashi Seimitsu Industry Co., Sumitomo Corporation’s automotive business can be largely divided into three areas: manufacturing, sales and distribution, and financing and leasing. Hay, with nine business locations mostly in Europe, is Europe’s largest manufacturer of forged and machine-processed components.

article thumbnail

Die some other year: Hengchi 5 resumed manufacturing within the Tianjin plant

Baua Electric

Credit score: Sohu Hengchi is an electrical logo beneath Evergrande Crew – Chinese language 2nd greatest actual property developer. Their automobile industry construction is just a little difficult – the auto unit is known as Evergrande Fresh Power Auto (Evergrande Auto). Six untouched thought automobiles from Hengchi.

article thumbnail

Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

Green Car Congress

Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018. Xiaoju Automobile Solutions?XAS?was

article thumbnail

Chinas Minister of Science and Technology Forecasts Annual Domestic EV Production Capacity to Reach 1M by 2020

Green Car Congress

Public transport should also be the top priority for use of new energy automobiles in China, he said. The project aimed to replace public transport vehicles with electric vehicles to support the development of electric vehicle industry, Wan said. Wan said that a total of 8.5 billion yuan (US$1.28

2020 231