Daimler and its Chinese partner BYD continuously invest in DENZA product development for China’s New Energy Vehicle (NEV) market New DENZA electric vehicle brings a refreshed exterior design and extended range of around 500 kilometers Locally sourced and produced, DENZA brand combines Daimler’s vehicle architecture expertise with BYD’s leading battery technology Stuttgart / Shenzhen –… Continue reading Daimler launches new DENZA electric vehicle for the Chinese market
Tag: Strategy
Uber CEO says there will be no more global exit deals
Uber has exited three global markets by selling to rivals, but enough is enough after its deal with Grab so says CEO Dara Khosrowshahi. Following today’s announcement with Grab which sees Uber leave Southeast Asia hot on the heels of exits in China (2016) and Russia (2017), Khosrowshahi told employees that there will be no more repeats… Continue reading Uber CEO says there will be no more global exit deals
Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’
Peugeot, the PSA Group’s most successful brand, grew its sales significantly by 10.4% last year. In stark contrast to the performances of siblings Citroën and DS, whose sales declined 7.5% and 38.5% respectively, Peugeot sold 2,119,845 cars across the 12 months. That’s more than two-thirds of PSA’s total. Buoyed by this strong performance, Peugeot chief… Continue reading Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’
Volvo Cars to produce Lynk & Co cars at Ghent, Belgium plant
Volvo Cars to produce Lynk & Co cars at Ghent, Belgium plant Volvo Cars, the premium car maker, will produce cars for the new car brand Lynk & Co in Volvo Cars’ manufacturing plant in Ghent, Belgium from late 2019. The announcement represents a closer collaboration between the two companies, following Volvo Cars’… Continue reading Volvo Cars to produce Lynk & Co cars at Ghent, Belgium plant
CATL To Build Battery Factory In Europe Like LG Chem & Samsung SDI
1 M BY MARK KANE Chinese lithium-ion battery manufacturer Contemporary Amperex Technology Ltd. intends to build a factory in Europe. Bloomberg reports that CATL is considering three countries – Germany, Poland, Hungary, which strongly support battery investments and are close to EV assembly facilities. Poland was already chosen by LG Chem, while Hungary got the… Continue reading CATL To Build Battery Factory In Europe Like LG Chem & Samsung SDI
Nissan: Nissan aims to sell 1 million electrified vehicles a year by FY2022
Nissan M.O.V.E to 2022 midterm plan targets technology evolution with electric vehicle leadership, autonomous driving expansion and the delivery of mobility services YOKOHAMA, Japan – Nissan Motor Co., Ltd. today unveiled plans to launch growing numbers of electrified vehicles, expand and evolve autonomous driving systems, and accelerate vehicle connectivity as part of its Nissan M.O.V.E.… Continue reading Nissan: Nissan aims to sell 1 million electrified vehicles a year by FY2022
Nexteer CEO Zhao Guibin: Seeking Innovation-driven Growth
SHANGHAI, March 23, 2018 /PRNewswire/ — Following the acquisition by Aviation Industry Corporation of China (AVIC) in 2011, the 110-year-old Nexteer Automotive, once an auto parts division under GM, has found its way into rapid development. The EVs and autonomous vehicles are gaining impetus, what impacts will the market changes exert on the company’s future… Continue reading Nexteer CEO Zhao Guibin: Seeking Innovation-driven Growth
Ford partners with India’s Mahindra Group to build new electric vehicle
The latest step towards the large-scale transition to electric vehicles was signalled this week. Car giants Ford and the Mahindra Group have agreed to work together on developing a new EV for the huge Indian market, but potentially for sale elsewhere. The two companies signed five separate, non-binding memoranda of understanding (MoU) which will develop… Continue reading Ford partners with India’s Mahindra Group to build new electric vehicle
UPDATE 2-Nissan sees electric car sales surging to 1 mln annually by 2022
YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T) announced plans to sell 1 million electric vehicles (EVs) annually by 2022, a six-fold jump from what it sold last year, and said it had no plans to stop testing its self-driving cars on public roads, calling them safe. FILE PHOTO: The logo of Nissan is seen… Continue reading UPDATE 2-Nissan sees electric car sales surging to 1 mln annually by 2022
Mahindra and Ford Sign MoUs to Co-Develop Midsize and Compact SUV, Electric Vehicle and Connected Car Solutions
Strengthen strategic collaboration focusing on product development for India and emerging markets Agree to evaluate co-development of compact SUV and electric vehicle, along with sharing powertrain portfolios Embark on joint development of connected vehicle solutions Chennai, India, March 22, 2018 – Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small… Continue reading Mahindra and Ford Sign MoUs to Co-Develop Midsize and Compact SUV, Electric Vehicle and Connected Car Solutions