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

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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. For more than 2.2 Future production will be located in China.

Global 259
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. million units in March 2020, down by 39% from March 2019. million units.

Europe 261
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Anjie Wireless licenses WiTricity technology for China EV market

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Under the terms of the agreement, Anjie Wireless will license WiTricity’s patented magnetic resonance technology and industry-leading designs to develop and commercialize highly efficient wireless electric vehicle (EV) charging systems for sale to leading carmaker brands in the China market.

China 249
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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

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Improvements in the mix and the vigorous financial services business were the main contributing factors to the increase in the Group’s sales revenue (up 1.9%), more than offsetting negative exchange rate effects and declining unit sales in individual regions.

2016 150
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Volkswagen nearly doubles deliveries of all-electric vehicles in 2021 to 263K; all electrified vehicle sales at 369K

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This brought Volkswagen up to fourth place among BEV manufacturers in that market. if the brand’s global BEV sales in 2021. 6, which Volkswagen offers exclusively in the Chinese market. Close to 17,000 BEVs were sold in the United States, almost twenty times more than in the previous year. 3 (around 76,000), the e-up!

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

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through its wholly owned subsidiary, Sinotruk (BVI) Limited (collectively, CNHTC”, the parent company of Sinotruk, a leading Chinese commercial vehicle manufacturer. UQM and CNHTC plan to create a joint venture to manufacture and sell electric propulsion systems for commercial vehicles and other vehicles in China.

China 150
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J.D. Power forecasts hybrid- and battery-electric vehicles will represent 7.3% of global auto sales in 2020

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Power forecast of hybrid-, plug-in hybrid- and battery-electric vehicle global sales through 2020. Power and Associates estimates combined global sales of hybrid-electric vehicles (HEVs), plug-in hybrid-electric vehicles (PHEVs) and battery-electric vehicles (BEVs) will total 5.2 Click to enlarge. A new report from J.D.

2020 250