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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. auto market anytime soon , some U.S. While BYD said just last month that it has no plans to enter the U.S.

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Geely Auto forms new premium electric car company Zeekr; SEA EV architecture

Green Car Congress

Zeekr aims to deliver a new electric vehicle to market each year in the coming five years. The Chinese name of Zeeker has been confirmed as Ji Ke. Governance structure. Zeekr will be jointly owned by Geely Automobile Holdings and Zhejiang Geely Holding Group (ZGH) under a 51% and 49% share structure.

Companies 435
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Nevs signs framework agreement for 50% stake in transport vehicle manufacturing company in China; electric minivan to portfolio

Green Car Congress

National Electric Vehicle Sweden (Nevs) has signed a framework agreement on taking a 50% stake in Chinese transport vehicle manufacturing company New Long Ma ( NLM ). This deal broadens our product portfolio with an additional vehicle type which contribute to our vision of sustainable transport solutions.

Minivan 150
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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

China is the world’s largest truck market. 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.

Volvo 294
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Daimler 1st int’l automaker to obtain road test license for highly automated driving in Beijing; Baidu and Apollo platform

Green Car Congress

With this approval, Mercedes-Benz test vehicles will now begin real road tests to further perfect the technology in the Chinese capital of Beijing, a metropolis with unique and complex urban traffic situations. topics and tailor them to the Chinese market.

Mercedes 218
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National Electric Vehicle Sweden AB acquires assets of Saab Automobile to create new EV company; first model based on 9-3 due year-end 2013/2014

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.

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Samsung SDI & General Motors Partner to Revolutionize Electric Vehicles with Cylindrical Battery Cells

Get Electric Vehicle

This potentially groundbreaking collaboration includes setting up a state-of-the-art joint manufacturing facility, boasting a minimum annual capacity of 30 GWh.  billion) to establish a cutting-edge manufacturing facility in the United States. The batteries for NIO are manufactured by CATL (Contemporary Amperex Technology Co.