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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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Foxconn tied up with Thailand’s PTT for making electric vehicles

Electric Vehicles India

Taiwan’s Foxconn has announced a partnership with Thailand’s government, a state-run energy group PTT PCL to manufacture electric cars in Thailand. Foxconn had tied up with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group and Italian company Stellantis. Watch the related video here.

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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.

Motor 247
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Testing the Rowwet electric scooter : Eleq

Plug In India

They have a global exclusivity arrangement with their Chinese suppliers for their model moulds. The cells are being imported from Taiwan and assembled by a Tathawade based vendor. One of the dealer revenue models that was discussed for the Click batteries is to provide charging aka petrol bunks to the Rowwett gaddi owners.

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Why Pure EV not applied for Fame II Scheme Subsidies

Electric Vehicles India

We have registered suppliers across India, China, Taiwan, South Korea, the USA and the UK, which ensures that our product doesn’t slow down even in the case of supply chain disruptions across some specific geographies. We have been providing the best margins in the EV 2W industry to our dealer channel partners.

Dealers 68