At the Shanghai auto show, Toyota presented two new BEV concept models that the Japanese carmaker plans to bring to market in China in 2024 together with its local partners. In addition, the bZ3 electric sedan has now officially gone on sale.
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Volkswagen will invest around one billion euros to establish a new R&D centre for fully connected electric cars in Hefei, China. The Group announced the project at the Shanghai Auto Show today and set ambitious targets for the ‘100%TechCo’ unit charged with accelerating innovation locally.
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Volkswagen and BMW have reduced prices for their EVs in China significantly. This comes after a number of carmakers have started offering their electric cars for less to increase sales and reduce inventory in the country.
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The German conversion company Abt and Yotta Automobile have set up a Chinese joint venture called ‘Abt Technologies (Guangzhou) Co., Ltd’. It has exclusive rights to sell refinement parts, co-branded vehicles and services under the Abt brand in China.
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Toyota has announced an all-electric sedan called the bZ3, developed in collaboration between Toyota, BYD and FAW Toyota, which is to be offered exclusively in China for the time being. In addition, according to media reports, there are indications that the Japanese could revise their electric strategy.
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FAW-Toyota, a joint venture between Chinese manufacturer FAW and Japanese carmaker Toyota, plans to launch an all-electric sedan called bZ3 in China. The motors and the battery are to be supplied by BYD.
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Hongqi is the next Chinese car brand to enter the European market with electric cars. The FAW Group subsidiary brand has been present in Norway since January 2022 and has now entered into a cooperation with Stern Premium Car in the Netherlands to import and distribute its vehicles.
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On its three-year anniversary, CAMS New Energy Technology has taken stock and announced a new product roadmap. So far, the joint venture for charging infrastructure in China, established in 2019 by Volkswagen Group China, JAC, FAW and Star Charge, has built 760 fast charging sites with more than 7,000 charging points in 100 Chinese cities.
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A few days after the market launch of the Audi Q5 e-tron built by SAIC Volkswagen, pre-sales of the Audi Q4 e-tron from FAW Audi are now also starting on the Chinese market.
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Audi and FAW have received approval from the Chinese authorities to build an electric car plant as part of their joint venture. Production of up to 150,000 electric cars per year is scheduled to start at the end of 2024.
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According to Chinese media, BYD and FAW are planning a production facility for electric car batteries with an annual capacity of 45 GWh in north-eastern China. A joint venture has apparently already been established, but official confirmation is still pending.
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FAW Jiefang, the commercial vehicle division of the Chinese FAW Group, has established a new business unit for electrified vehicles and presented its plans for the unit. The new brand will include all ‘New Energy Vehicles’; battery-electric vehicles, hybrids as well as hydrogen-powered vehicles.
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The VW Group apparently wants to increase its influence on one of the joint ventures in the expansion of e-mobility in China and could thus risk conflicts with other partners.
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Volkswagen started deliveries of the VW ID.6 Crozz in China this week. Produced by the FAW-Volkswagen joint venture, the battery-electric SUV is offered in five versions at prices starting at 239,800 yuan, around €31,500.
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At the Auto Shanghai, VW has presented the ID.6, the third model in the ID. family for the Chinese market. Like the ID.4, the all-electric MEB-based family SUV with room for up to seven passengers is available in two versions.
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Volkswagen partner SAIC is reportedly planning to produce and sell the VW ID.3 in China. According to a Chinese media report, the model will be launched on the Chinese market this year. In addition, there are now more details on the VW ID.6, which is to be launched in China in April.
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The VW ID.4 X has made its official market debut in China. The electric car produced by VW with its partner SAIC is now available in China in six variants at prices ranging from 199,900 to 272,900 yuan (equivalent to around €25,900 to €35,300) after subsidies.
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The Volkswagen brand has presented its ‘Accelerate’ strategy that should speed up its electric plans. VW also mentions concrete model plans, although, in the case of the electric compact car, the German carmaker company has been sparing with detail.
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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”.Â
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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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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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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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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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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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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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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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Audi is planning a new joint venture with FAW in China with a new plant for the production of electric cars based on the PPE platform. The Word is that the negotiations are well advanced and should be completed by the end of the year.
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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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Toyota is founding a joint venture in China with FAW, Dongfeng, GAC, BAIC and SinoHytec for the joint development of fuel cell systems for commercial vehicles under the name of United Fuel Cell System R&D (FCRD).
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Toyota is launching three electric models on the Chinese market on April 26. One of these vehicles is also soon to be sold in select European markets.
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