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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

The joint venture between Stellantis and Leapmotor still needs regulatory approval in other markets. It acquired 20% of the Chinese automakers, making it a significant shareholder. The Chinese automaker also said that the executive team for its joint venture with Stellantis is in place as C10. billion in Leapmotor.

Chinese 81
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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

Green Car Congress

and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% As manufacturers set to ramp product back up to produce everything from automobiles, airplanes and construction tools, they will begin to return to normal production cycles.

Supplies 380
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Volkswagen Group China, JAC and SEAT sign new deal advancing e-mobility in China

Green Car Congress

Spain-based SEAT, a member of the Volkswagen Group, signed a Memorandum of Understanding with Volkswagen Group China and Anhui Jianghuai Automobile Group Corp., The signing provides new impetus in the growing partnership between Volkswagen Group China, SEAT and JAC, working together in the important e-mobility market in China.

China 207
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

With the pandemic spreading across the globe, strict lockdowns in key markets, combined with consumer panic and economic uncertainty, have all contributed to the huge decrease in sales last month. Registrations fell in all 27 markets, but with varying severity. This downward trend is not simply due to the restrictions of free movement.

Europe 261
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Audi sales in China rose 10.3% year-on-year in August; global sales up 5.0%

Green Car Congress

Last month, Audi sales increased in all three of its top markets: the US (+2.8%), Germany (+6.7%), and, most notably, in China (+10.3%) with 54,205 Chinese customers. The Audi A4L in particular contributed to August growth for the brand in China: 10,731 Chinese customers opted for the model in August, 39.5% more than a year ago.

Audi 150
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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

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. But the market looks increasingly crowded and consolidation is likely. Public markets investment in clean energy jumped 120% to $3.1

Clean 259
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Mercedes-Benz will be producing 8 all-electric EQ models in 2022

Green Car Congress

Just a few months later the German-Chinese production joint venture, Beijing Benz Automotive Co. BBAC), launched EQC production for the local market in China. kWh/100 km) started in Vitoria, northern Spain. EQA production will also follow next year (2021) at BBAC in Beijing for the Chinese market.

Mercedes 259