Remove Chinese Remove Engine Remove For Sale Remove Manufacturer
article thumbnail

Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks

Green Car Congress

AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. and 15.7%, respectively.

Volvo 294
article thumbnail

Failed SONDORS Metacycle motorcycle was never street legal, reveals employee

Baua Electric

The closure occurred shortly after Electrek exposed the first images of warehouses full of thousands of SONDORS Metacycles sitting unpaid at the Chinese factory that had been contracted to build the bikes. Bill has a long history as an engineer working with electric motorcycle designs and a rider himself.

Legal 52
article thumbnail

Daimler and Geely Holding form global JV for smart; new generation of electric models

Green Car Congress

Daimler AG and Zhejiang Geely Holding Group , the German and Chinese automotive groups, have formed a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles. Future production will be located in China.

Global 259
article thumbnail

At CES, legacy automakers scramble to keep up in AI arms race – ET Auto

Baua Electric

Digital technology companies often test technology on customers before it is ready for sale. “We’re changing the IT infrastructure, we’re changing actually our manufacturing line so that we can use over-the-air updates in the manufacturing lines. For automakers, that has not been the norm so far.

Auto 52
article thumbnail

JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

This is in part due to the collapse of the Italian and French markets, on which small cars are heavily reliant for sales—in 2019, 38% of A and B segment registrations in Europe occurred in Italy and France. As expected, all segments across Europe were impacted negatively by mandatory lockdowns. Some models performed better than others.

Europe 261
article thumbnail

Magna aims to sell EVs in China through JV with BAIC

China EV

One joint venture will focus on engineering, the other will manufacture pure electric vehicles. That announcement proclaimed the agreement was between BAIC and Magna Steyr, the Austria-based contract vehicle manufacturer that is part of Magna International. Why jump into vehicle manufacturing in ‘China now, I asked?

China 52
article thumbnail

Honda Speaks About Near Future, EV Plans

The Truth About Cars

Honda also says it's continuing to aim to reach a goal of a 7 percent return on sales by fiscal year 2026. Honda is touting increased relationships with semiconductor manufacturers, including Taiwan Semiconductor Manufacturing Company Limited. In this case, Honda wants to be 100 percent EV and fuel-cell EV by 2040.

Honda 52