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Hyundai Motor Group has teamed up with LG Energy Solution to build an electric vehicle (EV) battery cell manufacturing joint venture (JV) with US$1.1bn investment in Indonesia. LG Energy, The Hyundai battery partnership will boost Indonesia strategic presence in EV market.
The joint venture will see Renault-branded hybrid vehicles being sold in China, but manufactured using Geely’s facilities, supply chains, and technologies. Geely’s most significant brands, joint ventures and OEM relationships include Volvo Cars, Polestar, Proton, Lotus, LEVC, Daimler, Smart, Volvo Trucks and now Renault.
The joint venture will see Renault-branded hybrid vehicles being sold in China, but manufactured using Geely’s facilities, supply chains, and technologies. Geely’s most significant brands, joint ventures and OEM relationships include Volvo Cars, Polestar, Proton, Lotus, LEVC, Daimler, Smart, Volvo Trucks and now Renault.
Two global commercial vehicle makers, Germany’s Traton SE and Japan’s Hino Motors Ltd., have signed a joint venture agreement to develop electric commercial vehicles, both battery-electric and fuel-cell versions.
The autonomous driving joint venture between Hyundai Motor Group and Aptiv will be named Motional, which seeks to provide fully driverless systems for fleet operators by 2022.
In a bold move, Daimler Truck AG and the Volvo Group agreed to join forces in an effort to speed up the development, establishment and acceptance of fuel cell vehicles – at a time when much of the focus on electric trucks among legacy truck makers has been on battery-electric solutions.
The chairman for Ford of Europe has been named president of the Changan Ford joint venture in China following the retirement of the venture’s current president.
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