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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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