Gotion rumoured to build unified VW battery cells in China
Volkswagen’s battery partner Gotion High-Tech also wants to produce the Group’s new unified battery cells in China, local media reports. The corresponding factory is to be built on an area of 333,000 square metres in the city of Hefei and designed for an annual production capacity of 20 GWh.
Nio extends cooperation with JAC
The Chinese electric car manufacturer Nio has extended its manufacturing cooperation with the state-owned Jianghuai Automobile Group (JAC) until May 2024. JAC will continue to produce the Nio electric models ES8, ES6, EC6, ET7 and possibly other future Nio models at its factory in Hefei.
Gotion to construct battery recycling plant in Hefei
Volkswagen’s Chinese battery partner Gotion High-Tech has announced plans to invest a total of 12 billion yuan (1.55 billion euros) in the construction of battery recycling and raw material production facilities for lithium batteries in the Chinese city of Hefei.
VW takes majority stake in joint venture with JAC
Volkswagen has now taken over the majority stake of the joint venture with JAC with 75 per cent, which also means management control. The company was immediately renamed from JAC Volkswagen to Volkswagen (Anhui) Automotive Company Limited since an eMobility hub is to be established in Anhui Province.
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.
Electric carmaker Nio is lacking liquidity
The Chinese electric vehicle maker Nio raised substantial doubt in its ability to continue its business due to on-going financial difficulties that have been exacerbated by the coronavirus. The reduced EV subsidies in China also played a part.
Nio launches production of the EC6
The Chinese electric car manufacturer Nio has started production of its third model after the ES8 and ES6. The start of production at the indebted company is also made possible thanks to a framework agreement with the city of Hefei, which is providing Nio with a billion-euro cash injection.
Nio starts series production of second ES6 model
The Chinese electric car startup Nio has started series production of its second ES6 model. Both series, the ES6 and the ES8, are currently manufactured at the Nio-JAC plant in Hefei. After Nio’s plans for a factory in Shanghai were abandoned, plans are now being made for a factory in Beijing.
Nio abandons plans for factory in Shanghai
The Chinese electric car startup Nio has abandoned its plans to build its own plant in Shanghai. Nio will continue to use its existing plant in Hefei that it shares with JAC Motors for the production of its electric cars.