Tag : Joint Venture

Hubject integrates 48 new HPC locations in Scandinavia

Hubject integrates 48 new HPC locations in Scandinavia

Hubject has entered into a cooperation with Ultra-Fast Charging Venture Scandinavia. The 48 fast charging parks of the joint venture between E.On and Clever in Denmark, Norway and Sweden will be connected to Hubject's e-roaming platform intercharge.

VW acquires majority in China joint venture with JAC

VW acquires majority in China joint venture with JAC

VW has taken a majority stake of 75 percent and thus management control over the joint venture with JAC and immediately renamed the company from JAC Volkswagen to Volkswagen (Anhui) Automotive Company Limited. The name of Anhui Province appears in the company name for a reason: an eMobility hub is to be built there.

e.GO Life: Series production to restart in early 2021

e.GO Life: Series production to restart in early 2021

e.GO Mobile plans to start production at its main plant in Germany in early 2021 after relaunching under the Next.e.GO Mobile name. The Aachen, Germany-based electric car manufacturer has also signed an agreement with the Greek government to set up a second series production facility.

Mercedes specifies location strategy for EQ offensive

Mercedes specifies location strategy for EQ offensive

Mercedes-Benz is now providing a comprehensive overview of the production locations for its EQ brand electric offensive, including production of the EQA at the Rastatt plant ahead of the model's world premiere on 20 January 2021.

LG Electronics and Magna build e-car components

LG Electronics and Magna build e-car components

LG Electronics and Magna have announced a joint venture to manufacture electric motors, inverters and onboard chargers. The joint venture, tentatively named "LG Magna e-Powertrain," will also manufacture complete e-drive systems for certain automakers.

BZ buses for Europe: Toyota strengthens ties with Caetano

BZ buses for Europe: Toyota strengthens ties with Caetano

Through its existing joint venture Toyota Caetano Portugal (TCAP), Toyota will become a shareholder in Portuguese bus manufacturer CaetanoBus and passenger car financial services provider Finlog. Through the new alliance, Toyota will enter the development, production and sales of fuel cell buses.

Renault and Plug Power: H2 offensive in the LCV market

Renault and Plug Power: H2 offensive in the LCV market

Renault and fuel cell specialist Plug Power plan to establish a 50:50 joint venture based in France by the end of the first half of 2021, aiming for more than 30 percent of the fuel cell-powered light commercial vehicle (LCV) market in Europe.

Audi gives details of electric car joint venture with FAW

Audi gives details of electric car joint venture with FAW

The electric car joint venture between Audi and FAW in China, which was officially announced in October 2020, is becoming more concrete: the future company will be 60 percent owned by Audi AG and Volkswagen Group China and 40 percent by FAW, and will be headquartered in Changchun in northeastern China.

Joint venture of SAIC and Alibaba unveils electric models

Joint venture of SAIC and Alibaba unveils electric models

Zhiji Auto, a newly formed joint venture between SAIC Motor and Alibaba, has unveiled prototypes of its first two electric models. The sedan and SUV produce 400 kW and will be available with either 93 or 115 kWh battery capacity, with cells coming from CATL.

Is Ionity getting outside investors soon?

Is Ionity getting outside investors soon?

Because the expansion of the Ionity fast-charging network is progressing too slowly, the owners are said to be discussing attracting private equity capital for Ionity, according to a media report. Financial circles are talking about at least 500 million euros in fresh money.

Nissan: In future 100% E-cars in core markets / New China strategy

Nissan: In future 100% E-cars in core markets / New China strategy

Nissan has announced plans to electrify every new model in Japan, China, the U.S. and Europe starting in the early 2030s, and the automaker also plans to accelerate the introduction of electric and hybrid cars in China under its main brand and its Chinese brand Venucia.

Paris: HysetCo buys Slota and plans 600 new H2 taxis

Paris: HysetCo buys Slota and plans 600 new H2 taxis

The hydrogen joint venture HysetCo has taken over the Parisian taxi operator Slota and plans to replace its diesel vehicles with 600 Toyota Mirai. In addition, two new hydrogen filling stations are to be built this year. By 2024 HysetCo wants to operate about 20 H2 stations in Paris.

e.GO Mover receives road approval / Miltenyi Biotec acquires ZF shares

e.GO Mover receives road approval / Miltenyi Biotec acquires ZF shares

The first People Mover from e.GO Moove received approval for public road use at the end of December 2020, meaning that e.GO Moove GmbH's status as a vehicle manufacturer was finally confirmed by the Federal Motor Transport Authority (KBA).

Audi and FAW: Helmut Stettner leads China joint venture

Audi and FAW: Helmut Stettner leads China joint venture

Audi and FAW have announced the management team for their joint venture, which will produce electric cars based on the PPE platform in Changchun in northeastern China from 2024. CEO of the new cooperation company from May 1, 2021 will be Helmut Stettner, who has been plant manager at Audi's Neckarsulm site for five years.

Daimler joint venture Denza on the brink of extinction?

Daimler joint venture Denza on the brink of extinction?

The electric car joint venture between Daimler and BYD in China is apparently facing an uncertain future. In view of persistently low unit numbers, there is talk of a "disaster" in Daimler group circles, according to a media report. It also seems possible that the project will come to an end.

FAW may be considering acquisition of BMW partner Brilliance

FAW may be considering acquisition of BMW partner Brilliance

According to insiders, the state-owned Chinese carmaker FAW is considering a takeover of BMW's local partner Brilliance. The background to the considerations is the precarious financial situation of Brilliance's largest shareholder, the Huachen Automotive Group, which is apparently on the verge of bankruptcy.

Ford not planning China JV with Zotye after all

Ford not planning China JV with Zotye after all

Ford is ending plans for electric car joint ventures with Chinese automaker Zotye, saying Chinese industrial and government policies on electric vehicles have fundamentally changed since the deals were signed in 2017 and 2018, leading to Ford's decision.

VW: 70 percent pure e-cars by 2030 in Europe

VW: 70 percent pure e-cars by 2030 in Europe

The Volkswagen brand has presented its new strategy " ACCELERATE" and wants to accelerate its electric plans in this context. VW also mentions concrete model plans - only with the E-small car the Wolfsburgers do not go into detail yet.

NEV sales in China fall - but only on a monthly basis

NEV sales in China fall - but only on a monthly basis

Some 97,000 electric cars and plug-in hybrids were sold in China in February, up 675 percent from the same month last year but down 37.9 percent from January 2021, according to figures from the China Passenger Car Association (CPCA), but some manufacturers were also up in February.

China: VW ID.4 X from SAIC-VW celebrates market premiere

China: VW ID.4 X from SAIC-VW celebrates market premiere

The VW ID.4 X has made its official market debut in China. The electric car, produced by VW with its partner SAIC, is now available in China in six variants at prices ranging from 199,900 to 272,900 yuan (the equivalent of around 25,900 to 35,300 euros) after subsidies.

More hints that the VW ID.3 will soon make its China debut

More hints that the VW ID.3 will soon make its China debut

Volkswagen partner SAIC is also reportedly looking to produce and sell the VW ID.3 in China. According to a Chinese media report, the model is set to hit the Chinese market later this year. In addition, there are now more details on the VW ID.6, which is set to launch in China in April.

Toyota and SinoHytec: Production of FC systems for commercial vehicles in China

Toyota and SinoHytec: Production of FC systems for commercial vehicles in China

Toyota is founding another joint venture for commercial vehicles with fuel cells in China. The new joint venture, in which Toyota and fuel cell specialist SinoHytec each hold a 50 percent stake, is to focus on the production and sale of FC systems.

New JV between Bosch and Qingling builds FC systems for China

New JV between Bosch and Qingling builds FC systems for China

Bosch has founded the joint venture Bosch Hydrogen Powertrain Systems with commercial vehicle manufacturer Qingling Motors in Chongqing, China. The new company will develop, assemble, and market fuel cell systems for the Chinese market.

China: Ford opens order books for Mustang Mach-E

China: Ford opens order books for Mustang Mach-E

Ford has launched pre-orders in China for its Mustang Mach-E. The electric model is now available in China at prices ranging from 265,000 to 379,900 yuan (currently the equivalent of about 33,900 to 48,500 euros).

VW ID.6: Large electric SUV for China

VW ID.6: Large electric SUV for China

VW has now presented the ID.6 for the Chinese market at Auto Shanghai, the third model in the ID. family. The all-electric family SUV based on MEB with space for up to seven passengers is available - like the ID.4 - in two versions.

Honda shows near-production E-SUV for China

Honda shows near-production E-SUV for China

Honda is planning ten all-electric models for the Chinese market within the next five years, the Japanese manufacturer has now announced. A preview of the first BEV model, which is scheduled to go on sale in China in spring 2022, is now being shown by Honda with the "Honda SUV e:prototype".

Porsche plans to build a battery cell plant in Tübingen

Porsche plans to build a battery cell plant in Tübingen

Porsche wants to set up its own battery cell factory in Tübingen, Swabia, for the production of "high-performance batteries". Although the Stuttgart-based sports car manufacturer is planning to buy batteries for its e-cars from parent company Volkswagen in the future, high-performance cells - that is "a Porsche domain".

MoU on assembly of Hyzon vehicles in Saudi Arabia

MoU on assembly of Hyzon vehicles in Saudi Arabia

Hyzon Motors, in partnership with Saudi industrial conglomerate Modern Group, plans to build an assembly plant in Saudi Arabia in the proposed planned city of Neom in the northwest of the country, with an annual capacity to assemble up to 10,000 FC commercial vehicles.

Charge4Europe concludes roaming deal with Total

Charge4Europe concludes roaming deal with Total

Charge4Europe, the joint venture between DKV and Innogy, has signed a roaming agreement with the petroleum company Total. The agreement provides DKV customers with access to additional high-capacity charging stations of up to 350 kW operated by Total.

Total joins hydrogen joint venture HysetCo

Total joins hydrogen joint venture HysetCo

Total is buying a 20 percent stake in HysetCo, a joint venture focused on hydrogen mobility in the Paris region. The joint venture owns a fleet of about 700 taxis, the majority of which are still diesel vehicles but will gradually be converted to hydrogen vehicles by 2024.

Slow sales start for the VW ID.4 in China

Slow sales start for the VW ID.4 in China

Sales of the VW ID.4 in China have so far apparently fallen far short of what the German automaker had hoped for, according to a media report, with only 1,213 of the two ID.4 e-models sold together in May.

Rimac wants to take over majority stake in VW subsidiary Bugatti

Rimac wants to take over majority stake in VW subsidiary Bugatti

Croatian electric car specialist Rimac is set to take a majority stake in VW subsidiary Bugatti, according to a media report, and is set to go public by 2022.

Facelift of the Audi e-tron to include technology updates

Facelift of the Audi e-tron to include technology updates

Audi's e-tron and e-tron Sportback electric models are set to receive a facelift in the second half of 2022, including some technical upgrades, including a new generation of batteries that will increase the range in both models to more than 600 kilometers, according to a media report.

Aiways to build 100 smart fast charging sites in China

Aiways to build 100 smart fast charging sites in China

Chinese electric car maker Aiways has entered into a joint venture agreement with CATL-backed KBVIP to build a network of more than 100 "AI smart supercharge" fast charging sites across China.

Daimler, Traton and Volvo plan truck charging network

Daimler, Traton and Volvo plan truck charging network

The three commercial vehicle manufacturers Daimler Truck, Traton and Volvo Group have signed a memorandum of understanding to build and operate a public high-performance charging network for battery-electric heavy-duty long-haul trucks and coaches in Europe.

Rimac takes over majority stake in Bugatti

Rimac takes over majority stake in Bugatti

As suspected, the Croatian electric carmaker Rimac will take over a majority stake in VW's noble Bugatti brand. The Wolfsburg-based group is thus parting with a brand, but will continue to hold shares in the new Bugatti-Rimac company via Porsche.

Volvo and Geely establish joint venture for powertrains

Volvo and Geely establish joint venture for powertrains

Volvo Cars and its parent company Geely have formed a joint venture called Aurobay. The new company will develop combustion engines, transmissions and hybrid powertrains, allowing the Swedes to focus on developing premium electric cars themselves.

FAW-VW's ID.6 Crozz now also on sale in China

FAW-VW's ID.6 Crozz now also on sale in China

VW began deliveries of the ID.6 Crozz in China on July 18. Produced by the FAW Volkswagen joint venture, the variant of the all-electric SUV model will be offered in five versions with prices starting at 239,800 yuan, the equivalent of about 31,500 euros.

LG and Magna form e-drive joint venture

LG and Magna form e-drive joint venture

The announced joint venture between LG Electronics and Magna to manufacture electric motors, inverters and onboard chargers as well as complete e-drive systems has now been sealed, and the joint venture's management team has also been finalized.

GAC Honda to build new plant with annual capacity of 120,000 units

GAC Honda to build new plant with annual capacity of 120,000 units

Chinese joint venture GAC Honda plans to increase its production capacity for electric cars and plug-in hybrids by 120,000 vehicles a year with the construction of a new plant, scheduled to begin in October this year and be completed in 2024.

Smart Concept #1: The Smart becomes an SUV

Smart Concept #1: The Smart becomes an SUV

With the Concept #1 at the IAA Mobility in Munich, Smart gives a concrete preview of the first series model of the new all-electric vehicle generation. Instead of a small electric two-seater, there will be an SUV model from Smart in the future.

Renault charging service and GP Joule set up joint venture

Renault charging service and GP Joule set up joint venture

Renault charging service Mobilize Power Solutions and Schleswig-Holstein-based energy and charging specialist GP Joule Connect have agreed to form a joint venture to increasingly offer turnkey charging solutions in Germany, Austria and Switzerland - primarily for commercial fleet operators.

Joint venture between Renault and Brilliance on the brink of extinction?

Joint venture between Renault and Brilliance on the brink of extinction?

Renault and Brilliance's Chinese joint venture for primarily electric vans, formed in late 2017, may be on the verge of ending, with both partners currently in advanced talks to terminate the joint venture, according to an agency report.

VW apparently wants to strengthen influence on joint venture with JAC

VW apparently wants to strengthen influence on joint venture with JAC

The VW Group apparently wants to increase its influence on one of the joint ventures in the expansion of e-mobility in China and could thus risk conflicts with other partners.

Wuling with new top version of the Hongguang Mini EV

Wuling with new top version of the Hongguang Mini EV

A new version of the Hongguang Mini EV, which has been very successful in China, is planned with a significantly longer range, a longer wheelbase and more power. The electric car will be marketed by a joint venture between SAIC and General Motors under the Wuling brand.

Foxconn shows three E-models

Foxconn shows three E-models

Taiwanese contract manufacturer Foxconn has unveiled three in-house developed electric vehicle prototypes, with the Model C SUV, Model E sedan and Model T city bus all running under the Foxtron brand.

ADS-TEC Energy und Polar Structure planen Joint Venture

ADS-TEC Energy und Polar Structure planen Joint Venture

ADS-TEC Energy, provider of battery-based fast charging technology, has announced a joint venture with Swedish company Polar Structure, making Polar the preferred strategic distributor of ADS-TEC Energy's technology platforms in Northern Europe.

Avatr: New e-car brand with CATL and Changan as shareholders

Avatr: New e-car brand with CATL and Changan as shareholders

A new electric car brand from China, Avatr, has been announced. It was born out of Changan's cooperation with Nio - and battery manufacturer CATL is now also on board. The first model of the new brand is called Avatr 11 and is a coupe-like SUV.

SAIC-GM-Wuling launches another e-small car

SAIC-GM-Wuling launches another e-small car

The Chinese joint venture of SAIC and General Motors has launched another electric subcompact car under the Wuling brand. The new Nano EV complements the Hongguang Mini EV, which is already very successful in China.

Audi shows Q5 e-tron - only for China

Audi shows Q5 e-tron - only for China

Audi has unveiled the production version of the all-electric Q5 e-tron for the Chinese market at the Guangzhou Auto Show. The electric SUV is based on the MEB and is built by the SAIC Volkswagen joint venture.

Cadillac initiates pre-sales of its Lyriq E-SUV in China

Cadillac initiates pre-sales of its Lyriq E-SUV in China

Cadillac has begun pre-sales of its first electric model in China. The Lyriq SUV will initially go on sale there with rear-wheel drive in the Long Range variant. The model will be produced in China by the GM-SAIC joint venture. There is also news about the market launch of the Cadillac Lyriq in the US.

Mercedes reportedly planning another EQE derivative for China

Mercedes reportedly planning another EQE derivative for China

According to a media report, Mercedes-Benz is considering offering the EQE in China, due in 2022, not only as a sedan and SUV, but also launching a hybrid of these two body styles there. The EQE SUS (Sports Utility Sedan) could go on sale in 2024.

USA: AlphaStruxure integrates tool from The Mobility House

USA: AlphaStruxure integrates tool from The Mobility House

US-based AlphaStruxure, a joint venture between The Carlyle Group and Schneider Electric, has appointed The Mobility House as its technology partner. Using the Munich-based company's charging and energy management system, AlphaStruxure aims to integrate electric bus, truck and car fleets into site and distribution networks.

BMW plans further e-models in China

BMW plans further e-models in China

BMW is apparently planning a renewed expansion of its China commitment. According to a media report, this not only involves an increase in shares in the BMW-Brilliance joint venture, but also several electrified models - but unlike the iX3, these will not be built for the global market.

Geely and Lifan establish battery swap joint venture

Geely and Lifan establish battery swap joint venture

Chinese carmaker Geely has formed a joint venture with Lifan Technology, a vehicle manufacturer it controls, to build a battery swap ecosystem for electric cars, with the first compatible car set to launch in February.

Baidu and Geely increase investment in electric car joint venture

Baidu and Geely increase investment in electric car joint venture

Baidu and Geely are investing a total of around $400 million in their electric car joint venture, Jidu Auto. The money will go towards the development and mass production of Jidu's first "robot car". The model is expected to be unveiled at the Beijing Auto Show in April this year and go on sale in 2023.

Audi-FAW may build e-car plant in China

Audi-FAW may build e-car plant in China

Audi and FAW have received approval from Chinese authorities to build an electric car plant as part of their joint venture, with production of up to 150,000 electric cars per year set to start in late 2024.

Mercedes recalls EQC in China

Mercedes recalls EQC in China

In China, Beijing Benz, the joint venture between BAIC Motor and Mercedes-Benz, has announced a recall for the EQC electric model after dozens of owners complained of engine problems. Specifically, effective August 15, 2022, about 10,000 EQCs produced between November 30, 2018 and December 15, 2021 will be recalled in China because the cooling system [...]

SAIC-GM-Wuling aims to double NEV sales

SAIC-GM-Wuling aims to double NEV sales

SAIC-GM-Wuling is targeting annual sales of one million new energy vehicles (NEVs) as early as 2023, and the Chinese joint venture also plans to invest heavily in development and also its own battery plant in China.

Ford plans seven new e-cars in Europe by 2024

Ford plans seven new e-cars in Europe by 2024

Ford has announced plans to introduce three new electric passenger cars and four new electric commercial vehicles in Europe by 2024, with a goal of selling more than 600,000 electric vehicles annually in Europe starting in 2026. There are also details on Ford's MEB model.

MG plans Mini EV spin-off outside China

MG plans Mini EV spin-off outside China

According to media reports, SAIC's MG Motor brand plans to launch an electric subcompact for global markets based on the platform of the SAIC-GM-Wuling joint venture's Mini EV, which is extremely popular in China - for instance in India.

Hyundai plans HPC partnership in South Korea

Hyundai plans HPC partnership in South Korea

Hyundai Motor Group has partnered with retail giant Lotte Group and investor KB Financial Group to build high-power charging infrastructure for electric cars in South Korea, with plans for up to 5,000 new charging points.