Tag: FAW

Feb 10, 2021 - 05:54 pm

FAW & Silk EV open Silk Roads with e-hypercar

Silk EV, an Italian automotive engineering and design company has formed a joint venture with China’s carmaking giant FAW to make luxury electric sports cars with a commitment of “more than 1 billion euros”. 

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Feb 3, 2021 - 12:03 pm

FAW considers taking over BMW partner Brilliance

Chinese state-owned carmaker FAW is considering taking over BMW’s local partner Brilliance. The background is the precarious financial situation of Brilliance’s largest shareholder, the Huachen Automotive Group, which is on the verge of bankruptcy.

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Jan 18, 2021 - 05:03 pm

Audi reveals more on EV joint venture with FAW

The electric car joint venture between Audi and FAW in China, which was officially announced in October 2020, is becoming more concrete: The future company will be 60 per cent owned by Audi AG and Volkswagen Group China and 40 per cent by FAW and will be based in Changchun in north-eastern China.

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Dec 16, 2020 - 03:40 pm

Baidu looks at EV manufacturing at scale

China’s online search-engine Baidu looks set to enter the electric vehicle industry in a big way according to company insiders. The internet giant is looking at either establishing a majority-owned venture with an automaker or becoming an automaker itself.

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Nov 5, 2020 - 02:09 pm

VW presents two ID.4 versions for China

VW has now officially presented the two versions of the ID.4 made for the Chinese market. The ID.4 X is the version of the electric SUV developed for SAIC-VW, while the ID.4 Crozz is the counterpart of FAW-VW.

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Oct 27, 2020 - 12:09 pm

VW launches ID.4 X production in China

VW has started production of MEB-based EVs at its SAIC-operated plant in Anting near Shanghai with the production of the ID.4 X. The ID.4 Crozz, the counterpart of the other China joint venture with FAW, is to follow in a few weeks.

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Oct 13, 2020 - 12:55 pm

Audi & FAW sign MoU on EV joint venture

Audi and FAW have signed a Memorandum of Understanding for the joint production of electric vehicles based on the PPE platform, which Audi developed with Porsche. With FAW, the German Volkswagen brand wants to produce several purely electric Audi models for the Chinese market from 2024.

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Sep 28, 2020 - 04:32 pm

VW and JV partners invest €15Bn in e-mobility in China

Volkswagen will invest around 15 billion euros in electric mobility in China by 2024 with its three joint venture partners SAIC, FAW and JAC. This comes in addition to the €33Bn the Group had already announced in 2019 for the global development of the electric car sector.

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Aug 26, 2020 - 03:23 pm

Byton resumes operations as Shengteng

There is news about the electric car start-up Byton, which has been temporarily suspended since 01 July. Chinese media now report, citing insiders, that the company is ready to resume full operations in September 2020.

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Apr 17, 2020 - 11:22 am

FAW building new NEV factory in Changchun

The Chinese car manufacturer FAW has begun construction on a new plant in Changchun, where electrified cars are to be produced for its premium brand Hongqi. Completion of the plant, which will have an annual production capacity for 200,000 vehicles, is scheduled for 2022.

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Jan 6, 2020 - 11:33 am

Byton wins fresh financing in round 3

Byton electric car startup has received round C financing with the stake purchased by Japanese conglomerate Marubeni. At the CES in Las Vegas, both companies announced a strategic partnership but gave few details about the partnership. Byton also announced other partnerships, such as for content on the big screen in the M-byte.

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Oct 1, 2019 - 01:48 pm

Chinese startup Bordrin to start production

In China, another electric car startup, Bordrin Motors is in the starting blocks. By means of a joint venture with FAW Xiali, Bordrin plans to start series production of its first iV6 model this year: an electric crossover with a range of up to 610 km. Bordrin is also planning its own factory in Shanghai.

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Sep 19, 2019 - 04:45 pm

FAW-VW make preparations to produce e-tron in China

Starting next year, the Audi e-tron will be produced for the Chinese market by the FAW-Volkswagen joint venture at the Changchun plant. Between 45,000 and 50,000 units per year are planned. Another Audi electric model to be produced in China is the e-tron Sportback.

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Jul 15, 2019 - 02:59 pm

VW founds charging joint venture in China

Volkswagen has now officially launched the joint venture for charging infrastructure announced in May in China together with their Chinese partners JAC and FAW, as well as Star Charge. The joint venture is called CAMS New Energy Technology.

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Apr 16, 2019 - 11:17 pm

China: Toyota debuts BEVs & strikes Singulato deal

Toyota will present its first two electric cars at the Auto Shanghai with sales in China scheduled to begin in 2020. Moreover, the Japanese company is working on a deal with the Chinese EV startup Singulato Motors to deploy an old Toyota mini EV en masse and anew.

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Apr 16, 2019 - 06:30 pm

Shanghai: Audi shows Q2 L e-tron & AI:ME concept

Audi is now presenting its third “vision vehicle” after the AIcon and the PB18 at Auto Shanghai. The autonomous city electric car called AI:ME accompanies the series version of the fully electric Q2 L e-Tron for the Chinese market, which also debuts at the trade fair.

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Mar 4, 2019 - 01:06 pm

China: FAW and CATL launch battery joint venture

The battery cell manufacturer CATL and the state-owned Chinese car manufacturer FAW have founded a joint venture for the development, production and sale of lithium-ion batteries. It has a starting capital of two billion yuan (approx. 263 million euros).

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Jan 10, 2019 - 03:48 pm

Volkswagen ventures fast-charging network in China

Volkswagen apparently plans to set up a Chinese fast-charging network. A respective joint venture would see VW partner FAW and other local companies become part of the effort that is worth a starting capital of 1 billion yuan (around 130 million euros).

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Nov 19, 2018 - 01:31 pm

VW planning 30 new plug-in cars for China by 2020

Volkswagen say it will take them no more than two years to launch more than 30 new electric cars and plug-in hybrids in China. Moreover, the Group’s Chinese arm is considering to install a public high power charging network together with local partners from 2019.

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Oct 11, 2018 - 12:32 pm

Byton acquires FAW subsidiary Huali / securing license

Chinese EV start-up Byton, led by former BMW-i manager Carsten Breitfeld, takes over FAW subsidiary Huali (Tijian) Automobile and thereby secures a production license for serial production of electric cars in China. Byton had already closed an investment agreement with FAW in summer.

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Sep 2, 2018 - 02:33 pm

FAW-VW JV opens new Tianjin factory

Volkswagen and their Chinese partner FAW have opened a new factory in Tianjin. The factory will serve to support their SUV offensive in China. It will serve as a production facility for Volkswagen and Audi SUVs, including PHEV variants.

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Jul 16, 2018 - 05:10 pm

China carmakers to set up state-owned ride-sharing

China’s state-owned car manufacturers FAW, Dongfeng and Changan have set up ride-hailing service T3 Mobile Travel Services in order to rival the almighty Didi Chuxing. The platform builds on their existing EV alliance and is to deploy self-driving robo cabs.

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Jul 10, 2018 - 05:06 pm

Seat coming to China with VW gearing up for growth

Volkswagen’s Spanish subsidiary Seat will enter China by hooking onto the JAC Volkswagen joint venture. Together the three plan to establish a R&D centre for electric vehicles. Development is to culminate in a dedicated electric car platform for China and beyond in 2021.

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Apr 24, 2018 - 05:10 pm

VW invests $15 bil. in to China/EV brand SOL

Volkswagen is set to invest a significantly increased sum into the e-mobility business, including autonomous driving, digitization and new mobility services in China. By 2022, the company plans to invest 15 billion dollars with its joint venture partners SAIC, FAW and JAC.

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Found on electrive.com
https://www.electrive.com/2021/02/10/faw-silk-ev-open-silk-roads-with-e-hypercar/
10.02.2021 17:20