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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

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. In November, Stellantis repurchased €934 million shares from Chinese automaker Dongfeng based on a pre-existing share repurchase framework.

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Stellantis production affected by cyberattack on Chinese supplier

Teslarati

Multiple car brands under Stellantis were affected by a cyberattack on Chinese supplier, Yanfeng International Automotive Co. Yanfeng supplies automobile manufacturers with car parts including electronics, seats, interiors, and other components. billion in the Chinese company.

Chinese 110
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Volvo EM90 Minivan Probably Not Coming to North America

The Truth About Cars

However, the model will reportedly be exclusive to Asian markets — disappointing dozens of North American residents who still believe it’s the most practical vehicle type. It’s a luxury-minded product catering to Chinese tastes. Though the EM90 isn’t your average runabout.

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Volvo Ending Sedan/Wagon Sales in UK, Could North America Be Next?

The Truth About Cars

Volvo Cars is suspending sedan sales in the United Kingdom and it looks like North America could be next if we consider the brand’s rationale. The Swedish-Chinese brand had already pulled the S90 from the market earlier this summer. However, Volvo is also in the midst of a transition.

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Mitsubishi Chemical strengthens production capacity of graphite anode materials in China; possible production in Europe and US

Green Car Congress

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.

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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. With the current sales figures and the seductive future expectations, Southeast Asia has successfully attracted the attention of Chinese car companies.

Asia 97
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Saab Automobile AB files for voluntary reorganization, Saab Automobile Parts AB And Overseas Subsidiaries Excluded

Green Car Congress

Swedish Automobile N.V. Swan) announced that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile) filed for voluntary reorganization today with the District Court in Vänersborg, Sweden.