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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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Electrification race heats up as new industry policy arrives

Bye bye Automotive Industry Development Policy (AIDP). Hello Administrative Regulations on Automotive Industry Investment (ARAII)! The AIDP that has been the overarching document governing development principles of China’s auto industry over the last 14 years will soon be replaced by ARAII (see New regulations on auto investment to tighten industry supervision, replace

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Infineon Technologies and SAIC Motor establish JV to produce EV power modules

WUXI, Jiangsu – Infineon Technologies, a leading semiconductor solutions provider, and SAIC Motor, China’s largest automaker, officially opened their joint venture – SAIC Infineon Automotive Power Modules (Shanghai) Co., Ltd. (SIAPM) – here on March 2. The 51:49 JV between SAIC Motor and Infineon will produce power modules for China’s electric

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Never say never: BMW and Great Wall to form JV in China to produce MINI electric vehicles

BEIJING – BMW Group and Great Wall Motor Co., Ltd. signed a letter of intent on February 23 in Beijing to form a joint venture in China to exclusively produce MINI electric vehicles, the companies said in separate statements. The next steps, according to BMW Group, will be to agree on

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Geely and VIA Motors to co-develop electric trucks for launch in China and Americas in 2019

OREM, Utah – Geely New Energy Vehicle Co., Ltd., a subsidiary of Geely Commercial Vehicle Group under Geely Holding Group, has completed an exclusive agreement with VIA Motors International Inc., a U.S.-based leading manufacturer of electric and hybrid drive systems offering a range of extended range (EREV) and EV commercial

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2017 GNEV8: Opening up, co-creation and sharing keys for the NEV industry

BEIJING – Opening up, co-creation and sharing will be keys for the entire industrial chain of China’s auto industry to withstand future risks and accelerate it forward, and only if the entire industrial chain resources are seamless, can maximum synergies be obtained with minimal marginal cost, according to Zheng Gang,

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Expected yet unexpected: JAC-Volkswagen tries to explore new JV model with MFV tie-up

Volkswagen Group’s signing of an MOU with JAC on November 27 to explore the possibility of setting up a joint venture for the development and sales of multi-functional vehicles (including but not limited to pickups, MPVs and electric commercial vehicles) less than half a year after the two had officially established

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Ford and Zotye sign final agreement for £¤5 billion JV to build EVs under new Chinese brand

BEIJING – Ford Motor Co. and Zotye Automobile Co., Ltd. signed a definitive agreement on November 8 here to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that aims to offer a range of stylish and affordable all-electric vehicles in China under a new Chinese brand. The

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