SAIC-GM-Wuling (SGMW), a major Chinese auto joint venture, reported significant vehicle export growth in the first seven months of this year. SGMW is a joint venture between SAIC Motor, General
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China‘s largest automotive lithium-ion battery maker, Contemporary Amperex Technology Co. Ltd. (CATL), prepares to raise about 58.2 billion yuan ($8.98 billion) through private placement, mainly for production expansion and research.
The sales of new energy vehicles (NEVs) in China more than doubled during the first seven months of 2021 as production and demand continued to make recovery, data from the
Renault said it is looking to revive business in China by establishing a hybrid vehicle joint venture with Geely Holding Group, a year after it completed its previous operation in
Driverless cars will be soon observed in expressways of the Chinese capital Beijing, as the municipal authority has allowed the gradual opening of several expressway sections for unmanned vehicles. A
Hyundai Motor said it will be investing in H2 Mobility network of hydrogen fuelling station operators. Already a partner in the project since 2017, the automaker’s German subsidiary will become
Honda Motor saw a first-quarter operating profit of 243.21 billion yen ($2.23 billion) from a 113.7 billion loss a year earlier as car sales recovered from the impact of the
Nissan Motor and Chinese battery partner Envision AESC said on Wednesday it would invest 50 billion yen ($460 million) for building a new battery plant in Ibaraki prefecture north of
Hyundai Motor and LG Energy Solution said on Thursday they would establish a joint venture in Indonesia to establish a battery cell plant for electric vehicles (EV), investing $1.1 billion.
Nissan Motor on Wednesday reported growing demand for their vehicles in the United States and first-quarter operating profit. The automaker reported an operating profit of 75.68 billion yen ($688.6 million)
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