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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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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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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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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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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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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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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Volkswagen intends to offer Chinese customers a total of 14 electrified models this year, said Group CEO Herbert Diess at the first World New Energy Vehicle Congress in the southern Chinese city of Boao.
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The Chinese electric car startup Byton is about to complete a 500 million dollar financing round, which will be led by China’s state-owned car manufacturer FAW with approximately 100 million dollars.
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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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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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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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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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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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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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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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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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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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The Volkswagen corporation has opened three new EV factories in China with their partner FAW. The first factory in Qingdao was opened yesterday. The other two in Foshan and Tianjin will follow in June and August.
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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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