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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.

Chinese 259
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. It is also significant so that both companies can actively participate in the opportunities of the Chinese automotive market. Ltd to develop an electric vehicle for the Chinese market.

Motors 247
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Honda Speaks About Near Future, EV Plans

The Truth About Cars

Of course, corporations are going to put their best foot forward in these types of media briefs, so you can take things with a grain of salt (or maybe Jimmy Buffett's lost shaker), but here are the highlights: As of the end of the 2023 fiscal year that ended on March 31, Honda has cut fixed costs by more than 10 percent since fiscal year 2019.

Honda 52
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The Godfather of South Korea’s Chip Industry

Cars That Think

That success can be traced in part to Kim, now an emeritus professor at KAIST. But the industry had yet to mass-produce its own chips beyond basic integrated circuits such as CMOS watch chips, in large part due to a lack of semiconductor specialists. Their view of what it means to be an engineer changed profoundly and permanently.

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2020 Electric Vehicle Industry Report Card and trends for the new year

Plug In India

Rapid Localization and Making In India The FAME 2 incentive scheme encouraged electric vehicle original equipment manufacturers(OEM) to make many important parts in India. Many OEM's have localized upto or more than 60% of their components by parts and in some cases upto 80-90% in value. They too have let 2020 pass by.

2020 59
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Inside the Global Race to Tap Potent Offshore Wind

Cars That Think

Ireland, South Korea, and Taiwan are among the other countries with bold floating wind ambitions. Big corporate players are taking up the multirotor and downwind designs. Chinese turbine giant Mingyang Smart Energy Group is manufacturing a floater with dual 8.3-MW Pacific coast could support 100 GW more by midcentury.

Wind 125