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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Air Liquide, Idex, Société du Taxi Électrique Parisien (STEP) and Toyota have launched a joint venture called HysetCo to develop hydrogen mobility in the Paris region. It will also serve Hype, the fleet of fuel cell taxis, launched in 2015 during the COP21 and operated in Paris.
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BMW and Daimler have now combined their mobility services as announced. The two companies are investing more than one billion euros to expand further and closely interlink their existing car sharing, namely Car2Go and DriveNow as well as ride-hailing, parking, charging and multi-modality services.
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German forklift manufacturer and intralogistics specialist Jungheinrich and battery manufacturer Triathlon Holding have founded a joint venture. JT Energy Systems is to produce and recycle lithium-ion battery systems for both companies.
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Chinese-owned Saab successor NEVS (National Electric Vehicle Sweden) has invested 150 million dollars to acquire 20 per cent of the shares in the Swedish sports car manufacturer Koenigsegg. The deal is part of a strategic partnership between the two manufacturers.
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Electric carmaker BAIC and the mobility platform Didi Chuxing announced a joint venture called BAIC-Xiaoju New Energy Auto Technology Co. Ltd (JingJu). The two Chinese companies plan to expand their industrial networks.
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The Japanese car and battery manufacturers Toyota, Honda and Panasonic allegedly plan to jointly procure cobalt for electric car batteries. A joint venture is expected to be established in about one year.
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After Toyota and Panasonic first announced plans a year ago to extend their partnership to the development of new EV batteries with improved prismatic cells, the cornerstones of the future joint venture have now become public.
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The BMW Group is getting closer to achieving their plan of increasing their shares in the BMW Brilliance Automotive joint venture to acquire the majority. A special meeting of Brilliance China Automotive (CBA) has agreed to the sale of another 25% of the company to BMW.
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In China, state-owned energy providers and private companies have formed a joint venture called Xiongan Lianxing Network Technology, which is now the largest operator of charging stations and controls 80 percent of the country’s current 730,000 charging stations.
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Magna is to cooperate with Beijing Electric Vehicle (BJEV), which is the electric car subsidiary of the Chinese car manufacturer BAIC. The joint venture will open a development centre in Zhenjiang and operate under the name Magna Blue Sky NEV Technology (Zhenjiang).
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Honda plans to develop more than 20 electrified vehicle models for the Chinese market by 2025. Following the previously introduced battery-electric VE-1, this year another BEV designed with car-sharing services in mind will follow. Further details have not been announced yet.
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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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The Danish e-mobility service provider Clever and the German energy provider E.ON are setting up a joint venture to operate ultra-fast charging stations on Scandinavia’s motorways. The joint venture is called Ultra Fast Charging Venture Scandinavia.
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Chinese vehicle manufacturer, Guangzhou Automobile Group, has completed construction on the EV plant at their new industrial park in their home city. In addition, the company’s subsidiary, GAC Motor, and Japanese supplier Aisin AW intend to establish a joint venture for drive modules at the park.
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The vehicle manufacturer Geely is founding a joint venture with the battery cell manufacturer Contemporary Amperex Technology (CATL). The joint venture will be called CATL Geely Power Battery and will launch with a starting fund of one billion Yuan (130 million euro) by the two partners.
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Renault intends to acquire a “significant stake” in JMEV, the electric car subsidiary of the Chinese manufacturer Jiangling Motors Corporation Group (JMCG). The transaction is expected to close in the course of next year after review from the relevant authorities.
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Norway is funding a hydrogen-powered high speed ferry and a short-sea freighter through their PILOT-E programme. They awarded a grant to Hyon, a joint venture between Nel, Hexagon Composites and PowerCell Sweden to realise the project together with partners.
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Volkswagen has readied the ground for a research and development centre with its Chinese joint venture partner JAC, in Hefei, Anhui Province. The centre will focus on electrification, connectivity and autonomous driving.
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Seat, the Volkswagen Group China and JAC intend to jointly develop a series of Seat EVs to launch in China in 2021. Meanwhile, VW’s man in North America, Scott Keogh announced they would introduce their first MEB based model in the USA in 2020.
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Honda presented its first electric model for the Chinese market at the Guangzhou Auto Show. The compact SUV called VE-1 evokes the Honda HR-V model they based it on. It is also the series version of the Everus EV Concept Honda presented at the Auto China earlier in April.
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Mazda is planning to begin offering a series of electric vehicles in China starting in 2020 with their joint venture partner Changan. The vehicles will be a series of SUVs, for which Changan will manufacture the motors, batteries and other components, while Mazda will be making the chassis.
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Toyota and Honda will not be alone in selling electrified versions of the compact SUV Trumpchi GS4 by GAC under their own name. Now both Fiat Chrysler and Mitsubishi, who are also both also partners with GAC in China, plan to follow the same strategy.
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The EU competition watchdogs have allowed the announced combination of mobility services by Daimler and BMW, including the car sharing services DriveNow and Car2go to proceed, under certain conditions.
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Volkswagen and their joint venture partner SAIC begun constructing a factory in China for electric vehicles based on VW’s Modular Electric Drive Kit (MEB). The factory will take up operation in October 2020, and cost about $2.5 billion to build.
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The joint venture of Goldstone and BYD now called Olectra-BYD has signed a contract with the north Indian state of Uttarakhand to deliver 500 electric buses. The contract is valued at about 82 millions euros.
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BMW is pushing ahead with its electrical plans in China. First, the carmaker takes over the majority of the joint venture with local car manufacturer Brilliance, second, the joint venture announced that it would invest over 3 bn euros in new and existing plant structures in Shenyang.
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Geely has gone from acquisitions to creating something with those firms it gathered in hand. Insiders told Bloomberg of a new joint venture in the making that would see Daimler and its 10%-stakeholder Geely set up a ride-hailing service in China, possibly using Denza EVs.
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The Paris Motor Show saw Renault present their Showcar K-ZE, which is a prototype for the announced City SUV models, which will be released in China next year. Furthermore, the automobile manufacturer has announced additional PHEV and HEV versions of current vehicle models.
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The French company has launched an electric car-sharing initiative in Wuhan, China. The fleet will launch with 300 vehicles, before being upgraded to 3,000 vehicles by 2019. The car-sharing service will be operated by the joint venture Fengbaio Company.
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