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Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

Green Car Congress

The China-specific vehicles will supplement the MEB product portfolio and are to be rolled out in 2026 in China. —Stefan Mecha, CEO VW Brand Region China Audi has signed a strategic memorandum with its Chinese joint venture partner SAIC to further expand existing cooperation.

Audi 282
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Audi increases upfront expenditure for electric mobility; €12B by 2024

Green Car Congress

Furthermore, measures taken in the context of Audi.Zukunft are to free up approximately €6 billion for future investments by 2029. —Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. Our investment planning takes this into account.

Audi 199
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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values. —with OEMs in China and India at 5.2%, while suppliers from China and India enjoyed an EBIT margin of 7.5%, the highest in the world.

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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

Green Car Congress

Quizzed by The Observer as to which country had objected to the 2050 target, director-general of Sweden’s Naturvårdsverket (Environmental Protection Agency) Lars-Erik Liljelund quipped , “China. China doesn’t like numbers.” The relative valuation of potential emissions offsets (e.g.

Climate 236
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Tata AutoComp’s ‘Make in India’ push for EVs | Autocar Professional

Baua Electric

With a captive customer in Tata Motors, AutoComp started augmenting its portfolio over time to meet future EV requirements. For the near future, Tata-Gotion has a collaboration with Tata Agratas — the group’s cell manufacturing arm — in the pipeline. Tata AutoComp ended FY23 with a turnover of USD 1.9

India 52
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Volkswagen again reaffirms 20 new PEV models coming across the Group; MEB development

Green Car Congress

This will focus on the major fields of future importance in the industry—such as digitalization, networking, e-mobility and new mobility services. Although Volkswagen is already addressing all of these fields, it will in the future do so “in a much more systematic and focused manner. million units in China (incl.

2015 150
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The Case for Nuclear Cargo Ships

Cars That Think

The majority of global shipbuilding happens in South Korea, Japan, and China. Norwegian shipbuilder Ulstein has designed a nuclear vessel with a molten-salt reactor that might conceivably serve as a mobile charging station for a future fleet of small, battery-powered cruise ships. Yet the nation’s shipbuilding industry is tiny.