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Magna forms two JVs with BJEV, to jointly engineer and produce premium smart EVs for customers in China

BAIC Zhenjiang produciton base NANJING, Jiangsu – Magna is bringing its decades of vehicle contract manufacturing experience from Graz, Austria to Zhenjiang, Jiangsu Province. The leading global supplier and brand-independent vehicle contract manufacturer signed the term sheets on June 18 in Nanjing, Jiangsu Province with Beijing Electric Vehicle Co., Ltd. (BJEV), a

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Daimler gets NDRC approval for minority stake in BJEV

BEIJING – Daimler AG has received approval from the National Development and Reform Commission (NDRC) for its planned minority interest in Beijing Electric Vehicle Co., Ltd. (BJEV), the EV subsidiary under Chinese partner BAIC Group, according to a notice posted on the website of NDRC on February 7. The official response

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Daimler to localize production of BEVs and batteries in China by 2020

BERLIN – Daimler and BAIC Group signed a framework agreement here on July 5 to jointly invest ¥5 billion to localize production of battery electric vehicles and batteries at their joint venture Beijing Benz Automotive Co., Ltd. (BBAC). By 2020, BBAC plans to manufacture BEVs under the Mercedes-Benz brand powered

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Five takeaways from five Sino-German auto deals during Premier Li’s official state visit

During Premier Li Keqiang’s official state visit to Germany in early June, five major deals involving Chinese and German automotive OEMs, suppliers and tech companies in the area of EVs and smart mobility were signed. On May 31, Continental signed an agreement with China’s smart EV startup to collaborate on

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Daimler to take minority share in BJEV in new framework agreement with BAIC

BERLIN – Daimler intends to acquire a minority stake in Beijing Electric Vehicle Co., Ltd. (BJEV), a subsidiary of partner BAIC Group, with the purpose of strengthening strategic collaboration with BAIC in China’s new energy vehicle sector. The move is one of the two significant investments Daimler plans to make

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World’s largest EV battery swapping cluster begins operation in Beijing

BEIJING – The world’s largest electric vehicle battery swapping station cluster began operation on October 29 in Beijing. BAIC BJEV, Sinopec, Audong New Energy and Shanghai Dianba New Energy worked together to establish the first 10 battery swapping stations spread throughout the city center as well as in Huairou, Shunyi

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Blame or mocking ca’t solve the problem of “rubbish” EVs

A recent article titled “Why I believe all EVs are rubbish” went viral online and in WeChat’s friend circle. The author, once a fan of EV toys during his childhood times, admits he now hates EVs to death. He says his expectations are lowered drastically when choosing an EV because

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