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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., through its wholly owned subsidiary, Sinotruk (BVI) Limited (collectively, CNHTC”, the parent company of Sinotruk, a leading Chinese commercial vehicle manufacturer.

China 150
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Ballard Power signs deal for production of fuel cell stacks in China; est. $168M over 5 years; buses and commercial vehicles

Green Car Congress

Ballard Power Systems signed definitive agreements with Guangdong Nation Synergy Hydrogen Power Technology Co. Ballard will have the exclusive right to purchase fuel cell stacks and sub-components from the joint venture for sale outside China.

China 150
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Magna aims to sell EVs in China through JV with BAIC

China EV

By 2025, “the forecast for (sales of) all electric vehicles in China is 5 million,” says Drobnak. Drobnak figures Chinese consumers concerned about pollution will warm to electric vehicles. The price of EVs is “definitely coming down” as volumes increase, he says. That is the government’s target, I remind him.

China 52
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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit). According to our EVAdoption research, as of January 1, 2022 there may be only four EVs (and possibly just two) for sale in the US that have final assembly in China.

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China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

Electric vehicles are "definitely affordable and environmentally friendly technology, and we think theres a huge potential market in China for them," Li Shufu, Geelys chairman, said in an interview Monday. Chevrolet Volt plug-in hybrid, which is expected to sell for $40,000 when it goes on sales in the U.S. in late 2010.

China 28
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Dodge Circuit EV First Drive: electric car makes grand promises on Earth Day

Tony Karrer Delicious EVdriven

The trouble is you then have to stop right away, which brings about some pretty strong regenerative braking action, something that Chrysler needs to work on before making the Circuit available for sale. Not to mention the parts you most definitely could sell from the running gear.

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Elon Musk’s Taiwan peace proposal praised by Beijing, condemned by Taiwan

Teslarati

The plan was met with widely opposite reactions from the Chinese and Taiwanese governments. According to the publication, Musk noted that the conflict in Taiwan is inevitable, but his companies would definitely not be the only ones suffering the consequences. Musk then proposed a solution for the conflict. . The Conflict.

Taiwan 64