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Magna JV with GAC Group to produce composite liftgates for major global automaker by yearend

SHANGHAI – Magna announced on April 2 that it has entered into a joint venture with GAC Component Co., Ltd. (GACC), a subsidiary of GAC Group, China’s sixth largest automaker, to begin production of composite liftgates for a global automaker’s crossover vehicle starting in late 2018. The JV will work out

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AIWAYS and Bosch to jointly develop core technologies for intelligent mobility

SHANGHAI – Smart EV startup AIWAYS and Bosch (China) Investment Co., Ltd. signed a strategic cooperation agreement on November 30 to jointly develop advanced electric vehicle system technologies and autonomous driving, lightweight and IOV technologies. Gu Feng, co-founder, CEO and CFO of AIWAYS, said that users had higher and higher

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Chery’s Qihe NEV plant to go into operation in May

DEZHOU, Shandong – Chery’s new energy vehicle manufacturing base in Qihe, Shandong Province is expected to be put into operation in May this year, according to a report by Internet Info Agency citing information from Qihe Economic Development Zone in Dezhou. With total investment of ¥1 billion ($145 million), the

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Novelis to supply aluminum solutions to NextEV

SHANGHAI/ATLANTA – Novelis signed an agreement with Chinese startup NextEV (NIO) on March 16 to provide innovative aluminum solutions for its fleet of smart, high-performance, premium electric vehicles. The partnership with NIO marks Novelis’ first major commitment in the premium electric vehicle space. As the industry leader, Novelis is uniquely

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Automakers using more plastics to reduce weight and emissions

GUANGZHOU, CHINA – With China’s auto market booming and millions of new cars on the road, automakers are turning increasingly toward plastics to improve the environmental impact of so many new drivers. The automotive industry is increasingly viewing the lightweight, durable alternatives to metal and rubber as green. “We believe

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