VIA Motors International, Inc. and Zhejiang Geely New Energy Commercial Vehicle Co., Ltd. Announce Joint Venture Collaboration Agreement

  • Joint Venture will launch a line of green logistics commercial vehicles for sale and distribution in North and Latin America.
  • VIA Motors will co-develop a green logistics medium duty truck for Geely New Energy Commercial Vehicles (“GCV”) in China under an exclusive arrangement which includes a technology transfer of VIA software and control systems.
  • As part of this arrangement VIA will be responsible for manufacturing, sales and distribution in North and Latin America. 
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Front row: Gerald Page, Director Asia VIA. Peter Guile, CEO VIA, Nathan Yu, President Executive Advisor/VP ZGH, Chen Yiming, Int’l Legal Sr. Dir ZGH. Back row: Thierry Cassuat, CTO VIA. Dick Clayton, Exec VP VIA. Bob Purcell, COO VIA. Fiona Fei, Sr. Manager of Chairman Office ZGH. Li Hongyan VP of GCV Research Institute. Austin Hu, VP of GCV Research Institute. Song Guanghui, Dean Ass’t GCV Research Institute. Xi Na, Int’l Legal Supervisor ZGH. Steven Song, Int’l Business Sr Manager ZGH.

In line with Geely’s corporate global vision of producing the safest, most environmentally-friendly and most energy-efficient “New Energy Commercial Vehicles,” VIA Motors International, Inc., a leader of electric and hybrid drive systems offering a range of extended range (eREV) and EV commercial vehicles, today announces that it has completed an exclusive agreement with China based Zhejiang Geely New Energy Vehicle Co. Ltd., a subsidiary of Zhejiang Geely Commercial Vehicle Group.

The  parties have agreed to co-develop a medium duty extended range electric truck, which incorporates VIA’s industry leading proprietary vehicle software and systems control technology, for launch in China and the Americas in 2019.

Mr. Nathan Yu Ning, Zhejiang Geely Holding Vice President of International Business and Executive Advisor to the Board said “Geely selected VIA Motors due to the company’s advanced commercial vehicle software and control systems technology, specifically developed to meet the demanding duty cycle and performance requirements of commercial vehicles.”

“I believe that range extended hybrid drive systems are a leading technology for the next 5-10 years and the co-developed truck will utilize proven technology such as a Volvo engine for the range extender. VIA Motors provides technology plus an engineering and management team that can support GCV to accelerate to be global leading commercial vehicle company and assist the introduction of GCV Trucks into North and Latin America through our newly formed joint venture,” continued Mr. Yu.

“VIA Motors is honored to partner with Geely Commercial Vehicles. This agreement allows VIA to execute our strategy with the launch of an expanded portfolio of advanced drive systems and vehicles,” commented Peter Guile, CEO of VIA Motors. “We are excited to be working with our new global partners to electrify the future of the world’s working vehicles,” he continued.

“Geely is the ideal strategic partner for VIA Motors, as the fastest growing global vehicle company, with a demonstrated commitment to the electrification of their portfolio of award winning vehicles,” commented Bob Lutz, Chairman of VIA Motors and former Vice-Chairman of GM. “The alliance between Geely and VIA Motors combines technology, access to their industry leading suppliers, and a mutual entrepreneurial spirit dedicated to accelerating the global adoption of extended range electric commercial vehicles,” further commented Mr. Lutz.

About VIA Motors

VIA Motors International, Inc. develops and markets extended-range electric (eREV) and all electric (EV) power-train systems, incorporating industry leading VIA developed vehicle software and control systems technology, which provides clean energy solutions for most vehicle classes from light duty through Class 8.

VIA’s vehicle integration capability, at both production facilities in Utah and Mexico, provides a range of commercial vehicles to meet zero emissions requirements. VIA vehicles are marketed under the VTRUX™ brand and under the VIA power-train systems V-Drive™ brand.

About Geely Commercial Vehicle Group

Zhejiang Geely Commercial Vehicle (GCV) is a subsidiary of Zhejiang Geely Holding Group (ZGH)

ZGH consists of many well-known international automotive brands including Geely Auto, Lynk & Co, Volvo Cars, Polestar, PROTON, Lotus, London Electric Vehicle Company, Yuan Cheng Auto, and Terrafugia with global operations spanning the automotive value chain, from research, development and design to production, sales and servicing. ZGH also recently announced acquisition of 8.2% of Volvo AB.

Zhejiang Geely Commercial Vehicle (GCV) has two sub brands; the London Electric Vehicle Company and Yuan Cheng Auto. The London Taxi Company (LTC) became known as the London Electric Vehicle Company (“LEVC”) in July 2017 as the company transitions into being a provider of urban focused new energy commercial vehicles. Yuan Cheng Auto has three core product lines; new energy focused trucks and bus chassis and also new energy powertrains. Yuan Cheng launched its first core products in October 2016 with the introduction of the E12 pure electric city bus and an E200 pure electric logistics vehicle.

GCV has two core research and development centers in Hangzhou, China and Coventry, UK with over 2,000 engineers and production facilities in both China and the UK together with a total of over 3,000 production and administration staff.


The company on forward looking statements:

We cannot be certain that any expectation, forecast, or assumption made in preparing forward looking statements will prove accurate, or that any projection will be realized. It is to be expected that there may be differences between projected and actual results. Our forward looking statements speak only as of the date of their initial issuance, and we do not undertake any obligation to update or revise publicly any forward looking statement, whether as a result of new information, future events, or otherwise.


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ZF Launches Joint Venture with Chinese listed Company Anhui Heli Co., Ltd.

  • Cooperation supports ZF’s activity in the forklift truck segment; strengthens Heli’s core competitiveness in forklift trucks
  • The joint venture gives ZF access to the biggest and fastest growing forklift truck market in the world
  • ZF delivers forklift truck products (transmissions and axles) from its Chinese plant in Hangzhou

Friedrichshafen/ Hefei. ZF Friedrichshafen AG will enter into a joint venture with Chinese company Anhui Heli Co., Ltd. The company, named ZF-HELI Drivetech (Hefei) Co., Ltd., will allow ZF access to the Chinese market, the biggest and fastest growing region for forklift trucks. In addition, ZF will strengthen its extensive product portfolio with Anhui Heli products.

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China is an important, strategic growth market for ZF Friedrichshafen AG. The ZF Industrial Technology Division and the Material Handling Systems Business Unit will now be able to participate in this growth via a new joint venture with Chinese listed company Anhui Heli Co. Ltd.

“With Heli, we have found a partner with an outstanding level of expertise in forklift trucks. This company is the market leader in China and the seventh largest company in the forklift truck segment worldwide. By combining ZF’s products in the premium and high-tech segments with Heli’s cost optimized products we are able to create a systems supplier with a comprehensive product range for hydrodynamic and electrically powered forklift trucks,” said Wilhelm Rehm, Member of the Board of Management of ZF and responsible for the Industrial Technology and Commercial Vehicle Technology Divisions.

ZF will deliver its forklift truck products (transmissions and axles) from its Chinese plant in Hangzhou to the joint venture. Heli will also contribute part of its own transmission and axle production.

ZF has 51-percent share ownership in the joint venture. As a result, it can now implement its “best choice” approach both in China and internationally. The company offers customized products in the basic, highline and premium segments.

This joint venture targets Heli as a customer, as the company is currently both a supplier and a customer as well as a manufacturer of complete forklift trucks. In addition, ZF will be able to meet customers’ wishes with these products, both in Asia and worldwide.

ZF Friedrichshafen AG

ZF Friedrichshafen AG, also known as ZF Group, and commonly abbreviated to ZF (ZF = “Zahnradfabrik” = “Gear Factory”), is a German car parts maker headquartered in Friedrichshafen, in the south-west German region of Baden-Württemberg.

Specialising in engineering, it is primarily known for its design, research and development, and manufacturing activities in the automotive industry. It is a worldwide supplier of driveline and chassis technology for cars and commercial vehicles, along with specialist plant equipment such as construction equipment. It is also involved in rail, marine, defence and aviation industries, as well as general industrial applications. ZF has 230 production locations in 40 countries with approximately 138,000 employees. ZF Friedrichshafen is more than 90% owned by the Zeppelin Foundation, which is largely controlled by the town of Friedrichshafen.

About Anhui Heli Co., Ltd.

Anhui Heli is a Chinese construction equipment maker, primarily known for producing forklift trucks. With about 1 billion USD in turnover for forklifts, Heli is the largest maker in China and the 8th-largest in the world based on a ranking by 2011 sales revenue compiled by Modern Materials Handling.

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Donfeng partnered with Knorr-Bremse to develop AMT’s for its trucks

Knorr Bremse AMT
Image Source:Knorr Bremse

Dongfeng Motor Group Corporation Ltd., one of the world’s biggest truck manufacturers, is partnering with Knorr-Bremse to develop the automated manual transmission for its new generation of heavy-duty trucks.

This decision will see the two companies prepare the way for automated manual transmissions to continue their triumphant advance in China, the world’s biggest commercial vehicle market. “In Europe, automated manual transmissions have become widely established. They boost active safety by easing the load on the driver, cut fuel consumption by applying an optimized gear shift strategy and reduce clutch wear,” says Dr. Peter Laier, Member of the Executive Board of Knorr-Bremse responsible for the Commercial Vehicle Systems division. “In our joint venture with Dongfeng Motor Group we are optimizing our transmission management system to meet the specific requirements of the Chinese market. This puts us in an excellent position to help automated manual transmissions finally achieve a breakthrough in China.”

The transmission management system developed by Knorr-Bremse consists of an electropneumatic gear control unit and clutch actuator, a wide variety of sensors that gather the necessary status data, and an electronic control unit that contributes the gear shift strategy. The complete system is to be produced at the joint venture’s own facility in Shiyan, China. “A vast amount of know-how and expertise goes into developing the transmission management system for a certain type of vehicle,” explains Thorsten Seehars, Member of the Management Board of Knorr-Bremse Commercial Vehicle Systems responsible for the Powertrain unit.

Bao Ping Xu, Managing Director of Knorr-Bremse Commercial Vehicles Systems Shanghai and Member of the Board of Directors of Knorr-Bremse Asia-Pacific Holding, adds: “Integrating the system into the vehicle-specific environment and adapting it to the respective transmission requires a high degree of coordination within the international development team.” Along with developing the individual mechatronic modules, another key part of the project is creating the software. The aim here is to always use the ideal gear to keep the engine running in its most efficient operating range for as long as possible and to shift between gears as fast as possible. The shorter the gear shift time, the shorter the interruption of the tractive force and the resulting loss of momentum. Taken together, these two factors make for extremely economical vehicle operation.

Knorr-Bremse DETC Commercial Vehicle Braking Technology, the joint venture between Knorr-Bremse and Dongfeng Motor Group, was founded in 2015. Initially it focused on manufacturing mechanical components such as brake valves and ABS systems, but the range of products it manufactures in China is steadily being expanded to include components for air management and brake control, as well as transmission systems.

At the end of fiscal 2016, the Dongfeng Group had 149,092 employees. In the same year it produced more than three million vehicles, including 369,100 commercial vehicles.

Dongfeng Electronic & Technology Co., Ltd. (DETC) is a subsidiary of Dongfeng Motor Group Co., Ltd. (DFG) and is listed on the Shanghai Stock Exchange. DETC owns subsidiaries with sites in Shanghai, Hubei and Guangdong. DFG holds 55 percent of the shares in Dongfeng Commercial Vehicle (DFCV), a joint venture with Volvo that is one of China’s leading manufacturers of medium and heavy-duty commercial vehicles.

Source: Link

Hitachi Automotive Systems and Honda Motor establish Joint Venture for electric vehicle motors

Hitachi Automotive Sytems
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Tokyo, July 3, 2017 — Hitachi Automotive Systems, Ltd. and Honda Motor Co., Ltd. today announced the establishment of a joint venture company for the development, manufacture and sales of motors for electric vehicles on the premises of Hitachi Automotive Systems in Hitachinaka-shi, Ibaraki Prefecture.

As announced on February 7, 2017, the two companies have conducted discussions based on a Memorandum of Understanding signed on February 3, and entered into a joint venture agreement on March 24 to make more tangible preparations to establish the new company. The newly established company will receive a financial grant from Ibaraki Prefecture as it has been recognized as a relevant project that “promotes the establishment of corporate head office functions” within the prefecture.

Name of company Hitachi Automotive Electric Motor Systems, Ltd.
Location 2520 Takaba, Hitachinaka-shi, Ibaraki Prefecture
Representative Noboru Yamaguchi, President
Business Development, manufacture and sales of motors for electric vehicles
Contribution 5 billion yen (capital: 2.5 billion yen, capital reserve: 2.5 billion yen)
Date of establishment July 3, 2017
Investment ratio Hitachi Automotive Systems, Ltd. 51%
Honda Motor Co., Ltd. 49%

The new company will respond to the growing global demand from automakers for electric vehicle motors by developing competitive motors that combine the expertise of the two companies.

About Hitachi Automotive Systems

Hitachi Automotive Systems, Ltd. is a wholly owned subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan. The company is engaged in the development, manufacture, sales and services of automotive components, transportation related components, industrial machines and systems, and offers a wide range of automotive systems including engine management systems, electric power train systems, drive control systems and car information systems. For more information, please visit the company’s website at http://www.hitachi-automotive.co.jp/en/.

About Honda Motor Co.

Honda Motor Co. (NYSE: HMC) Honda designs, manufactures and markets automobiles, motorcycles, power products and aviation products worldwide. A global leader in powertrain and electromotive technologies, Honda produces nearly 28 million engines annually for its three product lines. Honda and its partners build products in more than 60 manufacturing plants in 27 countries, employing more than 208,000 associates globally.

Via: Hitachi


*Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice


 

Magna Enters Joint Venture with Chinese Seating Supplier HAPM

 

  • JV bolsters Magna’s product portfolio in seat mechanisms and structures
  • Magna’s global resources and operational expertise complements JV partner
  • Partnership enhances both companies’ footprint and customer base in Asia

SHANGHAI, April 28, 2017 / – To expand its seating expertise in China and throughout Asia, Magna has entered into a joint venture cooperation agreement with China’s Hubei Aviation Precision Machinery Co., Ltd. (HAPM).  Subject to regulatory approval, the deal is expected to close in the fourth quarter of 2017.

HAPM is a major Chinese automotive seat mechanism and structure component supplier and a subsidiary company of AVIC Electromechanical Systems Co., Ltd (AVICEM). Headquartered in Hubei Xiangyang, HAPM designs, develops and manufactures a wide range of automotive seating products from manual/power recliners, tracks, height adjusters and structures.  Established in 1995, the company has built up a solid customer base in both domestic and overseas markets.

The strategic cooperation brings together two innovative suppliers in the seating market to deliver a stronger product portfolio and advanced technology development to customers.

“We are very pleased to establish such a cooperative relationship with Magna. As a world leading automotive supplier, Magna’s global resources and expertise will be vital to the joint venture’s success,” said Mr. Wang Jian, Chairman of AVICEM.

“As the world’s largest vehicle market, China is a region in which we want to expand our seating capabilities, and with HAPM’s strong market position and seating mechanism know-how, we expect to grow our business even further in the region and throughout Asia,” said Mike Bisson, President of Magna Seating.

ABOUT MAGNA INTERNATIONAL

We are a leading global automotive supplier with 317 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. We have over 155,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems. We also have electronic and software capabilities across many of these areas. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.

Please click HERE for a PDF version of the release.

Source: Magna International Inc.

 

SUZUKI, TOSHIBA and DENSO reached basic agreement to establish joint venture company for production of automotive lithium-ion battery packs in India

SUZUKI MOTOR CORPORATION (SUZUKI), TOSHIBA CORPORATION (TOSHIBA) and DENSO CORPORATION (DENSO) have reached basic agreement on establishing a joint venture company for production of automotive lithium-ion battery packs in India, and signed the agreement.

In India, higher attention is being paid to environment, and new CO2 standards for automobiles is planned to be introduced.  In the Indian automotive market where compact cars are the mainstream models, introduction of sustainable technology suitable for such affordable cars is required.  The battery pack manufacturing joint venture by the three companies will realize stable supply of lithium-ion battery packs in India in the course of promoting sustainable cars in the country and will contribute to “Make in India” initiative by the Indian Government.

The joint venture company will be established within 2017 and shall move to manufacturing phase at earliest possible timing.  The initial capital expenditure will be 20 billion Japanese yen.  The joint venture company will be capitalized at 2 billion Japanese yen, with the planned participation ratio of SUZUKI 50%, TOSHIBA 40% and DENSO 10% respectively.

Establishment of the joint venture company will be further examined in details by the three companies, and subject to approval by respective authorities in accordance with applicable competition laws.

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Volvo Cars & Autoliv AB came together to form the joint venture Zenuity which makes ADAS software

 

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Volvo Cars, the premium car maker, and Autoliv, the worldwide leader in automotive safety systems, have signed a final agreement to establish a new joint venture called Zenuity to develop software for autonomous driving and driver assistance systems, based on the letter of intent announced during fall 2016.

 Zenuity will create a new entrant in the fast growing global market for autonomous driving software systems. It marks the first time a leading premium car maker has joined forces with a tier one supplier to develop new advanced driver assist systems (ADAS) and autonomous driving (AD) technologies.

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As part of the agreement announced today, at the time of closing Autoliv will make a total investment of around 1.1 billion SEK into the joint venture, the large majority of which is an initial cash contribution, and which also includes certain assets. Volvo Cars will also contribute certain intellectual property assets and human resources to the joint venture, but no cash. As previously announced, Autoliv and Volvo Cars will own the joint venture 50/50.

Headquartered in Gothenburg, Sweden and with additional operations in Munich, Germany, and Detroit, USA, the initial workforce of around 200 people will come from Volvo Cars and Autoliv. The company is expected to grow to over 600 employees in the medium term. Operations are expected to start during the first half of 2017 after approvals from relevant competition authorities in several countries have been obtained and other customary closing conditions have been satisfied.

 Both Volvo Cars and Autoliv will license and transfer the intellectual property for their ADAS systems to the joint venture. From this base, the company will develop new ADAS products and AD technologies. The new company is expected to have its first driver assistance products available for sale by 2019 with autonomous driving technologies following shortly thereafter.

 Autoliv will be the exclusive supplier and distribution channel for all the new company’s products sold to third parties, and there will be no exclusivity toward any customer or the owners. Volvo Cars will source such products directly from the new joint venture.

 As previously announced, Dennis Nobelius will be the Chief Executive Officer of the joint venture. The joint venture will be governed by a separate board of directors, and independently operate within its own facilities.

Via: Global Newsroom Volvo Cars