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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Ford has launched pre-orders for its Mustang Mach-E in China. The electric model is now available in China at prices ranging from 265,000 to 379,900 yuan (currently equivalent to approximately 33,900 to 48,500 euros).
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Bosch has founded the joint venture Bosch Hydrogen Powertrain Systems with the commercial vehicle manufacturer Qingling Motors in Chongqing, China. The new company will develop, assemble and market fuel cell systems for the Chinese market.
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French bus manufacturer Safra and the fuel cell joint venture of Michelin and Faurecia, Symbio, announce plans to produce 1,500 hydrogen buses. Businova, the first French fuel cell bus developed by Safra and equipped by Symbio, is already on the road in several cities.
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The South Korean company Posco Chemical will supply Ultium Cells, the joint venture between General Motors and LG Energy Solution for the series production of battery cells, with anode and cathode materials.
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Toyota is founding another joint venture for commercial vehicles with fuel cells in China. The new joint venture, in which Toyota and fuel cell specialist SinoHytec each hold a 50 per cent stake, will focus on the production and sale of FC systems.
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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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Solid-state battery specialist QuantumScape plans to issue 13 million new shares. The expected proceeds of $859 million are to be invested in the company’s planned pilot plant and in the joint venture with Volkswagen. In connection with the joint venture, there is also talk of a second pilot plant.
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The Japanese manufacturers Toyota, Hino and Isuzu, want to establish a new joint venture on 1 April to promote CASE technologies (Connected, Autonomous, Shared, Electric) in the commercial vehicle sector.
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The South Korean battery cell manufacturer LG Energy Solution has announced that it will invest more than 4.5 billion US dollars (just under 3.8 billion euros) by 2025 to expand its production capacities in the USA by 70 GWh to 110 GWh. At least two new factories are planned.
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Around 97,000 electric cars and plug-in hybrids were sold in China in February, according to figures from the China Passenger Car Association (CPCA), 675 per cent more than in the same month last year but 37.9 per cent fewer than in January 2021. However, some manufacturers were also up in February.
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The ‘Swedish Electric Transport Laboratory’ or SEEL for short, designed to make the country a hotbed for e-mobility, will grow larger than planned. The partners, which include Volvo and Scania as well as Chalmers University of Technology and RISE, now designated three sites.
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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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General Motors is planning to build a second plant in the US to manufacture battery cells for electric vehicles as part of its joint venture with LG. In response to a media report that GM was close to making a decision, the carmaker itself confirmed the plans.
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Vietnamese electric car startup VinFast has announced a joint venture with Taiwanese battery cell manufacturer ProLogium to accelerate the commercialisation of solid-state battery-electric cars in Vietnam. The cells are expected to be used in VinFast’s electric cars as early as 2023.
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Daimler Truck and the Volvo Group have now founded their announced fuel cell joint venture as the Volvo Group acquired 50 per cent of the shares in the existing company Daimler Truck Fuel Cell. The partners have also agreed to rename the company Cellcentric.
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Hyundai has selected CATL as another battery cell supplier for its electric cars based on the E-GMP platform – but probably only those vehicles that will be launched after 2023. This was reported by South Korean media and Hyundai has yet to confirm the deal.
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Hydrovolt has started construction of a battery recycling plant in Fredrikstad, Norway. The newly founded joint venture between the Swedish battery manufacturer Northvolt and the Norwegian aluminium producer Norsk Hydro says the plant will be operational at the end of 2021.
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Ford is officially ending its plans for electric car joint ventures with Chinese carmaker Zotye. They claimed fundamental changes in Chinese industrial and government policies on EVs since the agreements were signed in 2017 and 2018, which has lead to Ford’s decision.
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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 Daimler and BYD in China with the Denza brand is apparently facing an uncertain future. According to a German media report, Daimler insiders talk about a “disaster” given the persistently low sales numbers.
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The first People Mover from e.GO Moove has now been given street approval for public road use from the end of December 2020. This means that the German Federal Motor Transport Authority (KBA) has certified.GO Moove GmbH as a vehicle manufacturer.
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Because the expansion of the Ionity fast-charging network is progressing too slowly, the owners are discussing attracting private equity capital for Ionity. According to a media report, financial circles are talking about at least 500 million euros in fresh money.
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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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SAIC and Alibaba have moved fast to install their electric car joint venture. Zhiji Auto presented the first two models under the IM label for “Intelligence in Motion”. Battery cells come from CATL.
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Long-time Apple supplier Foxconn and Chinese automaker Geely are entering into a partnership. With the planned joint venture, in which both partners will each hold half of the shares, Geely and Foxconn intend to offer contract manufacturing and consulting services in electric mobility.
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Renault and fuel cell specialist Plug Power plan to establish a 50:50 joint venture in France by mid-2021. They target a share of more than 30 per cent of the fuel cell-powered light commercial vehicle (LCV) market in Europe.
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The relaunch of the Smart brand in the form of the Chinese joint venture with Geely is becoming more concrete: The first model is to be an electric SUV, which will also be offered in Europe.
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LG Electronics and Magna have announced a joint venture to manufacture electric motors, inverters and onboard chargers. The joint venture, tentatively named ‘LG Magna e-Powertrain,’ will also manufacture complete electric drive systems for automobile manufacturers.
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