China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion) and giving investors a bigger chance to participate in the world’s largest market for new-energy vehicles. One of BAIC Group’s publicly traded affiliates, Chengdu Qian Feng Electronics Co., will buy Beijing Electric… Continue reading China’s Biggest Electric-Car Maker to List in $4.5 Billion Deal
Tag: Electric vehicles
22 Jan 2018 Driveline Major programme wins power GKN to £2bn eDrive order book
Significant contract wins strengthen GKN’s leadership position in eDrive Sales forecast to grow from £33 million in 2017 to £500 million by 2022 Company introducing next-generation electric driveline technologies and rapidly bringing full systems capability to the market R&D spend in 2017 totals £36 million making £123 million over the past six years and securing… Continue reading 22 Jan 2018
Driveline
Major programme wins power GKN to £2bn eDrive order book
48V all-electric prototype systems
Valeo’s new low-voltage (48V) all-electric prototype has make its world début at CES 2018. As countries and major cites become more and more intent on reducing CO2 emissions, this system offers a new angle on the future shape of urban mobility. The 48V all-electric tech demo was developed in partnership with Shanghai Jiao Tong University.… Continue reading 48V all-electric prototype systems
China’s public NEV charging piles up 51% in 2017
BEIJING – China had installed 214,000 public charging piles for new energy vehicles (NEVs) by the end of 2017, the most worldwide, according to Industry and Information Technology Minister Miao Wei. The number marked an increase of 51 percent year on year, Miao told an industry forum Saturday. While the country has seen rapid growth… Continue reading China’s public NEV charging piles up 51% in 2017
Top Automotive Industry News for Week of January 15 – January 21, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week January 15, 2018 – January 21, 2018. We hope it helps you stay up to speed on the key developments in our industry: -AEA Membership News- Save The Date! The next AEA Members Reception will be held… Continue reading Top Automotive Industry News for Week of January 15 – January 21, 2017
BMW Alums’ China Electric-Car Maker Seeks $400 Million
Byton, the Chinese electric-car startup founded by former BMW AG executives, is seeking about $400 million in a new round of funding, people with knowledge of the matter said. The Nanjing-based company, which showcased a concept car at the Consumer Electronics Show in Las Vegas this month, has been reaching out to potential investors to… Continue reading BMW Alums’ China Electric-Car Maker Seeks $400 Million
British billionaire eyes electric car plan for former Holden factory
Australia news British billionaire eyes electric car plan for former Holden factory Sanjeev Gupta is reported to have approached General Motors to buy assets from South Australia’s closed Elizabeth factory The last Holden cars rolled off the factory floor at the Elizabeth plant in 2017. Plans by Sanjeev Gupta could breath new life into the… Continue reading British billionaire eyes electric car plan for former Holden factory
Tesla Model S Chosen As Dream Car Among Millennials, Men In General
Tesla’s Model S is the “dream” car among millennials. At least that’s according to a survey conducted by Gold Eagle, an auto parts company that does consumer surveys to determine where the market is trending. The survey asked 2,000 American car owners to choose their ideal vehicle. The Model S wasn’t just popular among millennials.… Continue reading Tesla Model S Chosen As Dream Car Among Millennials, Men In General
Daimler struggling with European emissions standards
Dieter Zetsche, chairman of the management board of Daimler, says his company is struggling to meet tightened European emissions standards The chief executive of Daimler said Monday at the Detroit auto show that his company cannot currently guarantee it can meet tougher European CO2 emissions standards taking effect in several years. Dieter Zetsche, CEO of… Continue reading Daimler struggling with European emissions standards
China: BMW alums’ electric car startup said to seek $400m in funding
January 20, 2018 Byton, the Chinese electric-car startup founded by former BMW AG executives, is seeking about $400 million in a new round of funding, people with knowledge of the matter said. The Nanjing-based company, which showcased a concept car at the Consumer Electronics Show in Las Vegas this month, has been reaching out to… Continue reading China: BMW alums’ electric car startup said to seek $400m in funding