In a landmark deal, Chinese ride share giant Didi Chuxing has agreed to acquire all assets of Uber China, including its brand, business operations and data for operation within China, according to a company announcement. In exchange for the Uber China assets, Uber will receive 5.89% of the combined company with preferred equity interest which… Continue reading Didi And Uber China Ink Landmark Deal To Merge Operations In China
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TI Automotive Opens New Manufacturing Facility In Monterrey, Mexico
AUBURN HILLS, Mich. (April 13, 2016) — TI Automotive, a leading global supplier of automotive fluid systems technology, has opened a new manufacturing facility in Monterrey, Mexico. The new, 53,000 square-foot facility will produce fluid carrying systems for the new Hyundai/ Kia manufacturing facility located nearby. TI Automotive is expected to employ around 100 people… Continue reading TI Automotive Opens New Manufacturing Facility In Monterrey, Mexico
TI Automotive Acquires Millennium Industries Corporation
AUBURN HILLS, Mich. (Feb 16, 2016) – TI Automotive, a leading global supplier of advanced automotive fluid carrying and delivery systems has acquired Millennium Industries Corporation, a Ligonier, Indiana, based producer of powertrain products for the automotive industry. Acquisition strengthens TI Automotive powertrain product portfolio, expertise and manufacturing reach TI Automotive currently provides gasoline direct-injection… Continue reading TI Automotive Acquires Millennium Industries Corporation
Daimler Project DENZA Prepares Market Introduction
DENZA well on track: market introduction in 2014 World premiere at the Auto China 2014 in Beijing First dealerships to open mid next year in Beijing, Shanghai, China and Shenzhen, China Intensive testing program for pre-production models: focus on safety and reliability Production tests in Shenzhen successfully underway … Continue reading Daimler Project DENZA Prepares Market Introduction
DENZA All-Electric Vehicle Showcased at the 2015 Shanghai Auto Show
• DENZA all-electric vehicle shines at the 2015 Shanghai Auto Show • DENZA combines Daimler’s renowned tradition and engineering expertise as a worldwide leader in safety technology and quality excellence with BYD’s leading battery technology. • The CEO of the joint venture Yan Chen said “The DENZA EV has been welcomed by many families just… Continue reading DENZA All-Electric Vehicle Showcased at the 2015 Shanghai Auto Show
China Life Insurance To Invest $600M In Didi Chuxing
China’s largest ride share company Didi Chuxing has received a US$600 million investment from China Life Insurance Co. Ltd., following a US$1 billion injection from Apple Inc and a US$400 million infusion from Alibaba Group Holdings Ltd. and its Internet finance unit Ant Financial last month. According to Tencent Technology citing a company announcement, China… Continue reading China Life Insurance To Invest $600M In Didi Chuxing
TI Automotive Acquisition Completed By Bain Capital
AUBURN HILLS, Mich. (June 30, 2015) – TI Automotive, a leading provider of automotive fluid storage, carrying and delivery systems for passenger cars and light trucks, today announced the completion of the acquisition of the company by affiliates of Bain Capital, a leading global private investment firm. Financial terms of the private transaction, which was… Continue reading TI Automotive Acquisition Completed By Bain Capital
2015年04月17日 DENZA All-Electric Vehicle…
DENZA All-Electric Vehicle Showcased at the 2015 Shanghai Auto Show
2015-04-17 12:33 by admin 点击量:2188
•DENZA all-electric vehicle shines at the 2015 Shanghai Auto Show
•DENZA combines Daimler’s renowned tradition and engineering expertise as a worldwide leader in safety technology and quality excellence with BYD’s leading battery technology.
•The CEO of the joint venture Yan Chen said “The DENZA EV has been welcomed by many families just a few months after its launch in Shanghai in 2014. We deliver the safest, most reliable, and most convenient electric vehicle to our Chinese customers.“
April 20, 2015, Shanghai – Following its debut at the 2013 Shanghai International Auto Show, the DENZA, an all-electric vehicle produced by Shenzhen BYD Daimler New Technology Co., Ltd., made its appearance at the 2015 auto show, showcasing its perfect combination of Daimler’s century of manufacturing experience and prowess and cutting-edge safety technology with BYD’s leading battery technology and services.
DENZA is dedicated to providing the best China-oriented EVs, turning E-moving into a reality. Yan Chen, the CEO of Shenzhen BYD Daimler Technology Co., Ltd., said the DENZA EV has been welcomed by many families just a few months after its launch in Shanghai in 2014. The E-mobility era has already begun.
DENZA has earned the praise of both first-time customers and business partners for providing superior quality. As a key aspect of the E-mobility blueprint, DENZA spares no effort taking on market and infrastructure challenges. DENZA is also striving for excellence, enhancing infrastructure, and expanding its sales network. DENZA’s plan in 2015 is to triple its market coverage. Beijing, Shanghai, and Shenzhen are still the top priorities for expansion. Sales operations started in Nanjing and Hangzhou in April, and similar operations are set to begin in Tianjin and Guangzhou later this year.
The central and local governments have been expanding their incentive policies for EVs, increasing the industry’s confidence. In Shanghai, a DENZA user can receive a subsidy from both the central and local governments, totaling a 30% discount. For example, while the initial price of the DENZA Lifestyle Edition is RMB 369,000, after the RMB 54,000 subsidy from the central government and the additional RMB 40,000 subsidy from the Shanghai municipal government, the price to consumers is reduced to RMB 275,000. Furthermore, each DENZA owner will receive a free license plate as well as a reduction and exemption in their vehicle purchase tax, totaling an additional RMB 23,500. In Beijing, in addition to the double subsidy and separate license plate lottery, all-electric sedans will be exempt from vehicle restrictions.
China has set a goal of having 500,000 new energy vehicles on the road by 2015, and Premier Li Keqiang stated very clearly in his government work report in March that China will promote the use of new energy vehicles. DENZA is dedicated to being a part of reaching this goal by leading the market in its class. This can be achieved only by providing first-class products. Thanks to Daimler’s century-long history of manufacturing experience and quality management, DENZA guarantees that all vehicles that bear its name will be of the highest quality.
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MONTUPET presence in India
Clichy, December 12, 2013. JAYA HIND MONTUPET Private Limited, a joint venture of MONTUPET SA and Indian foundry JAYA HIND INDUSTRIES, itself a subsidiary of the constructor FORCE MOTORS (light commercial vehicles), was incorporated in November 2013. JAYA HIND MONTUPET, from its plant in Pune (Maharashtra), supplies FORD, MAHINDRA and FORCE MOTORS. It allows MONTUPET… Continue reading MONTUPET presence in India