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Horizon Robotics, Continental AG to team up on high-level ADAS, driving automation
Horizon Robotics, Continental AG to team up on high-level ADAS, driving automation

Horizon Robotics and the German automotive parts manufacturer Continental AG recently signed a memorandum of understanding (MoU) to carry out in-depth cooperation in high-level ADAS and driving automation.

Sep. 30 , 2020
NIO to plow $600 million in expanding equity interest in NIO China
NIO to plow $600 million in expanding equity interest in NIO China

On September 25, 2020, NIO Inc. (“NIO” or the “Company”), through its wholly owned subsidiary, signed an agreement to subscribe for the newly increased capital of NIO (Anhui) Holding Co., Ltd. at a subscription price of $600 million.

Sep. 30 , 2020
China’s SVOLT unveils cobalt-free battery lineup at Auto China 2020
China’s SVOLT unveils cobalt-free battery lineup at Auto China 2020

SVOLT Energy Technology Co., Ltd. ("SVOLT"), a leading EV battery manufacturer carved out of Great Wall Motor, unveiled four cobalt-free batteries at the Auto China 2020.

Sep. 30 , 2020
CATL, FAW’s power battery joint venture starts production
CATL, FAW’s power battery joint venture starts production

CATL-FAW Power Battery Co.,Ltd. (called “CATL-FAW” for short), a joint venture between the Chinese power battery giant CATL and automaker FAW Group, has been put into operation on September 28, according to a posting via CATL’s WeChat account.

Sep. 29 , 2020
Great Wall Motor’s subsidiary signs special investment contract with Russian government
Great Wall Motor’s subsidiary signs special investment contract with Russian government

The Ministry of Industry and Trade of the Russian Federation signed on September 25 a special investment contract (SPIC) with Haval Russia Automotive Manufacturing Co., Ltd.—a subsidiary of the Chinese carmaker Great Wall Motor.

Sep. 29 , 2020
Volkswagen Group China and Joint Ventures to invest EUR 15 billion in e-Mobility
Volkswagen Group China and Joint Ventures to invest EUR 15 billion in e-Mobility

Pursuing a strategy of electrification and digitization, the Group will electrify China on a grand scale, producing a total of 15 different NEV models locally by 2025, with 35% of the product portfolio in China made up of fully-electric models.

Sep. 29 , 2020