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Fiat GroupAutomobiles S.p.A., Chrysler Group International LLC and Guangzhou AutomobileGroup Co., GAC Group) have reached an agreement to expand the joint venture partnership. The expansion of the cooperation and the related projects have already been approved by the relevant government authorities.
The agreement was signed in Rome by Zhang Fangyou, Chairman of GAC Group, and Sergio Marchionne, CEO of Fiat Group, in the presence of the President of the People’s Republic of China, Hu Jintao, and the Prime Minister of Italy, Silvio Berlusconi. Fiat Group and Guangzhou AutomobileGroup Co. Click to enlarge.
Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou AutomobileGroup Co., GAC Group); Beijing Automotive Group Co., BAIC Group); and Beijing SinoHytec Co., SinoHytec’s YHTG80 80 kW fuel cell system.
Fiat GroupAutomobiles S.p.A., Chrysler Group International LLC. and Guangzhou AutomobileGroup 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) and Fiat GroupAutomobiles S.p.A.
Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). EV sales are expected to reach 25% of the Chinese market by 2030. Chinese ICE passenger car market. Ltd (eGT) and Jiangxi Jiangling Group Electric Vehicle Co. Ltd (JMEV). JMEV was created in 2015.
The Nikkei reports that Toyota plans to develop hybrid vehicles with two Chinese automakers; Toyota made the announcement at the Guangzhou International Automobile Exhibition. Although Toyota’s Chinese joint ventures assemble hybrids, the company so far has brought in key components such as batteries and motors from Japan.
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.
Innoviz Technologies, a leading provider of high-performance, solid-state lidar sensors and perception software, announced cooperation with Shaanxi Heavy Duty Automobile Co. 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.
Last year, Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou AutomobileGroup Co., GAC Group); Beijing Automotive Group Co., BAIC Group); and Beijing SinoHytec—formed a joint venture: United Fuel Cell System R&D (Beijing) Co.,
The BMW Group and Toyota are consistent industry leaders, creating extremely positive Sustainable Value over the entire review period—i.e., The authors note that other leading manufacturers including Porsche, KIA or Chinese manufacturers are still not producing sufficient sustainability performance data.). Click to enlarge.
At least two Chinese automakers are bringing some of their new energy vehicles—hybrid, plug-in hybrid and battery-electric—to two of the major international auto shows in the first quarter of this year. Guangzhou AutomobileGroup Co., Guangzhou AutomobileGroup. GAC Group ranks No. Qoros Auto Co.
a member of China-based Guangzhou AutomobileGroup Co., GAC Components is a subsidiary of major Chinese car manufacturer Guangzhou AutomobileGroup with the sixth-largest market share in the increasingly environmentally strict China. to manufacture automotive traction motors.
China-based and -focused CCID Consulting estimates that the China passenger vehicle market will need at least 1.802 million tons of aluminum sheets annually, assuming that aluminum replaces 15% of the steel used in automobile manufacturing by 2015. Specifically, CCID says, aluminum sheets for automobile body will be the most promising sector.
China-based automobile manufacturer Guangzhou AutomobileGroup (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
Guangzhou AutomobileGroup Co., Chairman of Guangzhou AutomobileGroup Zeng Qinghong (left) and Toyota President Akio Toyoda (right). and Toyota Motor Corporation signed a Strategic Cooperation Framework Agreement to deepen their partnership in the fields of electrification and intelligent networking.
Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. The Chinese name of Zeeker has been confirmed as Ji Ke. Governance structure.
Four days following the termination of its strategic partnership with Hawtai Motor Group ( earlier post ), Spyker Cars N.V. Spyker) announced that it and Saab Automobile AB have signed a Memorandum of Understanding (MoU) with Pang Da Automobile Trade Co., Pang Da shall make a €30 million (US$42.4
The European Automobile Manufacturers’s Association (ACEA) has signed a cooperation agreement with the China Association of Automobile Manufacturers (CAAM) in Beijing.
Saab Automobile AB has closed on the sale to Beijing Automotive Industry Holdings Co. —Jan Åke Jonsson, Managing Director of Saab Automobile. Late in November, Koenigsegg Group AB terminated the agreement for its proposed purchase of GM’s Saab. Saab will assist BAIC to integrate this technology into future BAIC vehicles.
Volkswagen AG and Anhui Jianghuai Automobile Co., As we aim to be at the forefront of e-mobility, Volkswagen Group is looking forward to explore all options to set up a close and mutually beneficial partnership with JAC. —An Jin, Chairman of the Anhui Jianghuai Automobile Co., Anhui Jianghuai Automobile Co.,
and Hawtai Motor Group Company Limited terminated the agreement by and between Hawtai, Spyker and Saab Automobile AB (Saab Automobile) with respect to funding and strategic partnership. Spyker and Saab Automobile continue to work on securing short- and medium-term funding. Spyker Cars N.V. Earlier post.)
Koenigsegg Group AB has terminated the agreement for its proposed purchase of GM’s Saab. Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. —Fritz Henderson. Earlier post.) Earlier post.).
The Volkswagen Group is set to continue its growth in China over the next few years. Between 2009 and 2011, the Group is to invest a total of €4 billion (US$5.8 The investments are to be financed from the cash flow of the Chinese joint venture companies. Winfried Vahland, President and CEO of Volkswagen Group China.
This brings the two partners’ total investment in Chinese locations to around €1.5 BMW AG has been producing BMW 3 Series and 5 Series models for the Chinese market with its long-standing joint venture partner, Brilliance, in Shenyang since 2003. Last year, the BMW Group sold 233,630 vehicles in China—an increase of 37.7%.
Spain-based SEAT, a member of the Volkswagen Group, signed a Memorandum of Understanding with Volkswagen Group China and Anhui Jianghuai AutomobileGroup Corp., The products which will be manufactured on the battery electric vehicle platform will address the e-mobility requirements of Chinese customers.
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.
Its worth noting that the Chinese government heavily subsidizes its automotive sector, especially where electric vehicles are concerned. This actually encouraged the Chinese government to tighten its reins on the automotive industry in 2017 by placing additional restrictions on illegal registrations and falsified clients.
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. —Prof.
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.
The BMW Group is in advanced discussions to ramp up the global success of its MINI brand through a new joint venture in China. To this end, the BMW Group has signed a letter of intent (LoI) with the Chinese manufacturer Great Wall Motor. The BMW Group has no plans to set up an additional sales organisation in China.
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. Heizmann underscored that 26 models of the group had already been recognized as especially energy-saving and environmentally compatible by the state.
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.
a division of the Chinese conglomerate Wanxiang Group Corporation, have received approval from the Chinese government for their joint venture to co-manufacture lithium-ion energy storage systems for the China market. Ener1, Inc. and Wanxiang Electric Vehicle Co., The new company—Zhejiang Wanxiang Ener1 Power System Co.,
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. They will be joined by the New Times Group, a Liyang-based industrial group. million units.
The Volkswagen Group continues to expand its production capacity in China with a new vehicle plant for Shanghai-Volkswagen (SVW) in Changsha, southern China. This plant is the Group’s 119 th global facility and its 20 th in China. The plant in Changsha is a key step in our “Go South” strategy in China. —Prof.
The BMW Group is speeding up the shift towards electromobility and strengthening its global network for production of electrified vehicles. The Chinese plant in Dadong also began producing the BMW iX3 this year. At the same time, the BMW Group is expanding its capacity for manufacturing electric drive trains.
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.
The Volkswagen Group will invest around €51.6 billion), the Group will spend most of the total amount to be invested in property, plant and equipment in the Automotive Division on modernizing and extending the product range of all its brands. The Group is trying to complete a complex merger with Porsche. billion (US$76.5
Mitsubishi Chemical Holdings Group (MCHG) will increase the production capacity of natural graphite anode material from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei and affiliated company Qingdao Lingda Kasei. The production line is scheduled to start operation in the first half of fiscal 2023.
Volkswagen Group China, Anhui Jianghuai AutomobileGroup Corp., The move is a significant step in reinforcing Sino-German cooperation, as well as supporting Volkswagen Group China’s drive to be a leader in e-mobility. Volkswagen’s SEAT brand will be introduced to China by 2020/2021.
CBAK Energy Technology, a lithium-ion battery manufacturer and electric energy solution provider, signed a three-year strategic agreement with Anhui Jianghuai Motors Group Co., JAC Motors is a Chinese state-owned automobile and commercial vehicle manufacturer. Ltd for joint product development.
SK had signed a letter of intent for the joint venture with its Chinese partners in April. In addition, Beijing Electric Works will be responsible for manufacturing battery packs and Beijing Automobile Works is planning to lead the development of electric automobiles. million cars in 2012.
The China Iron and Steel Research Institute Group (CISRI) recently held a press event in Beijing highlighting its successful development of a third generation of automotive steel, intended to significantly decrease vehicle weight and improve crash safety. People’s Daily.
Groupe Renault and Brilliance China Automotive Holdings Limited (CBA) signed a binding framework cooperation agreement covering the main principles of the formation and operation of a joint venture (JV) in China focusing on the manufacturing and sale of light commercial vehicles (LCV). —Carlos Ghosn, Chairman and CEO of Renault.
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