article thumbnail

Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

With the approval from the NDRC, Stellantis can build and sell Leapmotor electric vehicles (EVs) outside of China, said people familiar with the matter. It acquired 20% of the Chinese automakers, making it a significant shareholder. Dongfeng Motors Corporation Ltd. In October 2023, Stellantis invested €1.5 billion in Leapmotor.

Chinese 94
article thumbnail

Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner.

Namibia 284
article thumbnail

Chinese EV company Xpeng Motors raises US$400M in Series C; Xiaomi strategic investor

Green Car Congress

Xiaomi Corporation, a global leader in the technology and consumer electronics sector, is joining as a strategic investor. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. — Lei Jun, CEO of Xiaomi Corporation.

Chinese 199
article thumbnail

impact of chinese semiconductor manufacturers over business

Baua Electric

Chinese semiconductor manufacturers have a significant impact on various aspects of the global business landscape. Competitive Landscape: Chinese semiconductor manufacturers contribute to the competitive landscape by providing alternatives to established players in the industry.

Chinese 52
article thumbnail

Kia unveils Concept EV5 in China

Green Car Congress

Kia Corporation unveiled the Concept EV5 at Kia Chinese EV Day. In line with Kia’s determination to build its cars using methodologies and materials more in harmony with nature, a wide suite of sustainable materials is used throughout the cabin of the Concept EV5.

Kia 259
article thumbnail

Volkswagen Group and Chinese manufacturer Ganfeng sign memorandum of understanding for long-term lithium supplies

Green Car Congress

This specialized team is focusing on building close relationships with the raw material industry. —Michael Bäcker, Head of Corporate Purchasing e-Mobility at Volkswagen Aktiengesellschaft. With Ganfeng as a strategic partner we are creating a secure basis for planning capacities and costs.

Chinese 268
article thumbnail

AlixPartners outlook warns of Chinese language EV pageant, ‘ICE melting’

Baua Electric

Chinese language manufacturers will most probably outsell international manufacturers in that nation in 2023 for the primary past in fresh historical past. AlixPartners predicts those manufacturers will all of a sudden building up their home marketplace proportion, rising to 65 p.c

Chinese 52