Chief Executive Officer of Stellantis Carlos Tavares (L) and Citroen brand CEO Thierry Koskas (R) pose after a press conference on media day of the Mondial de l’Automobile (Paris Motor Show) at the Porte de Versailles Exhibition Center in Paris, France on Oct 14, 2024. [Photo/VCG] Stellantis, a Franco-Italian automaker, and Chinese battery giant Contemporary… Continue reading Stellantis, CATL announce $4.3b JV to build battery plant in Spain
Author: China Daily Online News
Stellantis, CATL to build battery plant in Spain
Stellantis and CATL announced on Tuesday that they have reached an agreement to invest up to 4.1 billion euros ($4.32 billion) to form a joint venture that will build a lithium iron phosphate battery plant in Zaragoza, Spain. The transaction is expected to close in the course of 2025 and is subject to customary regulatory… Continue reading Stellantis, CATL to build battery plant in Spain
China’s new energy passenger car sales surge in November
Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY BEIJING — China’s new energy passenger vehicle market continued to see robust growth in November, with retail sales reaching nearly 1.27 million units, industry association data showed on Monday. The figure marked a 50.5 percent year-on-year increase and a 5.9… Continue reading China’s new energy passenger car sales surge in November
Chinese automaker FAW Jiefang’s engine gigafactory begins operations
DALIAN — An engine production gigafactory operated by FAW Jiefang, a truck subsidiary of leading Chinese automaker FAW Group, began operations in the city of Dalian in Northeast China’s Liaoning province on Thursday. Construction on the gigafactory began in July 2022 with a total investment of 620 million yuan ($86.26 million). The facility focuses on… Continue reading Chinese automaker FAW Jiefang’s engine gigafactory begins operations
China’s new energy passenger car wholesale surges to 1.46m in Nov
BEIJING — China’s new energy passenger vehicle market continued to see robust growth in November, with wholesale figures reaching 1.46 million units, industry association data showed on Tuesday. The figure marks a 51 percent year-on-year increase and a 6 percent jump from the previous month, according to the China Passenger Car Association. Chinese automakers BYD… Continue reading China’s new energy passenger car wholesale surges to 1.46m in Nov
Dongfeng Motor launches major die-casting project
Dongfeng Motor employees work on an assembly line in Xiangyang, Hubei province, in August. WU XIAO/FOR CHINA DAILY With the domestic new energy vehicle business on the rise, Dongfeng Motor recently launched a project to enhance its strength in car body construction. The project will introduce the world’s largest integrated die-casting machine — a 16,000-metric-ton… Continue reading Dongfeng Motor launches major die-casting project
China’s car industry wary of US-made chips
Impacted by concerns over the reliability and security of their supply chain, China’s automobile industry has to exercise more prudence when purchasing US-made chips, said the China Association of Automobile Manufacturers in its statement on Tuesday. The statement came as a response to the intensified US semiconductor export controls announced on Monday, adding 136 Chinese… Continue reading China’s car industry wary of US-made chips
GAC to launch EV brand with Huawei
GAC’s electric vehicle arm, Aion, showcases its models at the Shanghai auto show in 2021. [PHOTO by LI FUSHENG/CHINA DAILY] GAC Group is set to create an electric car marque in partnership with Huawei, as the demand grows for smart and connected vehicles in China, the world’s largest vehicle market. The move is making GAC… Continue reading GAC to launch EV brand with Huawei
Seres NEV sales up 55% in Nov
Seres’s booth is crowded with visitors at the 2024 Guangzhou auto show in November. [Photo by Li Fusheng/chinadaily.com.cn] Chinese carmaker Seres released its November sales report on Sunday, revealing strong growth in its new energy vehicle business. Last month Seres delivered 36,842 NEVs, a 54.58 percent year-on-year increase. From January to November, the company’s total… Continue reading Seres NEV sales up 55% in Nov
Chinese self-driving startup Pony.ai debuts on Nasdaq
Chinese self-driving startup Pony.ai makes its debut on Nasdaq. [Photo provided to chinadaily.com.cn] Chinese self-driving startup Pony.ai made its debut on Nasdaq on Wednesday evening, with the pricing of its initial public offering of 20 million American depository shares at $13 each, marking a significant milestone in the company’s journey toward the large-scale commercialization of… Continue reading Chinese self-driving startup Pony.ai debuts on Nasdaq