On December 10, CATL and Stellantis jointly announced that the two sides have reached an agreement to invest up to 4.1 billion euros (about 31.32 billion yuan) to set up a joint venture to build a large-scale lithium iron phosphate battery plant in Zaragoza, Spain.photo from：STCNIt is reported that the annual output of the plant can be up to 50GWh power battery, product target customers for Stellantis, the total construction period is expected to be 4 years. Public information shows that the Stellantis Group was merged by Fiat Chrysler Automobiles and Peugeot Citroen Group in 2021, which is the fourth largest automobile manufacturer in the world.Up to now, CATL Power has cooperated with BMW, Daimler, Stellantis, VW, Ford, Hyundai, Honda, Volvo and other overseas car companies in terms of batteries; on the domestic front, CATL has cooperated with SAIC, Geely, Azure, Ideal, Yutong, Xiaomi, BAIC and other car companies.It is noteworthy that on the same day, CATL released several announcements, including the announcement of the 2024 special dividend program. According to the announcement, CATL intends to distribute 15% of the net profit attributable to shareholders of the listed company in the consolidated statement of accounts for the first three quarters of 2024, i.e., 5.4 billion yuan, as the total amount of distribution for dividends, which translates into a cash dividend of 12.30 yuan per 10 shares to all shareholders (including tax).As of the close of trading on December 10, CATL shares per share at 270.57 yuan / share, closing up 0.94% on the day.Source: Daily Economic News

A file photo of the Volkswagen logo taken in Wolfsburg, Germany. AFP/USAVolkswagen Group said in a statement on the 2nd that the company is considering closing one of its car manufacturing plants and one parts plant in Germany for the first time and terminating an employment protection agreement that has been in place since 1994 in a bid to further cut expenses.Volkswagen passenger car brand profit margins have been low for a long time, and the company hopes to improve its financial situation by reducing costs. However, cost-cutting has become more difficult as consumer spending has slowed during the transition to electric vehicles. In a statement, Volkswagen Group's chairman of the board of management, Ogbomu, said, ‘The general environment has become tougher and Germany is gradually falling behind in terms of competitiveness.’VW currently employs about 650,000 people worldwide, nearly 300,000 of whom are in Germany. The closure plan, if implemented, would be the first time in Volkswagen's history that a plant has been shut down in Germany, and could lead to conflict with VW's labour council in Germany. Daniela Cavallo, chairwoman of VW's labour committee, said the committee would ‘strongly oppose’ the board's proposal.Declaration: This article comes from the Internet.If copyright issues are involved, please contact us to delete.

BERLIN, July 26 (Xinhua) -- Comprehensive German media reports, Germany's well-known auto parts supplier ZF Group (ZF) announced on the 26th, plans to the end of 2028 in the whole of Germany within the scope of layoffs about 11,000 to 14,000 people. This is the company's history of the largest layoff plan.According to ZF, most of the job cuts will come from the production division, while including R&D employees. The company will streamline its management staff by consolidating its sites. These sites may also face closure if the company is unable to see long-term growth prospects in certain locations.The main reason for the job cuts is that the company is facing high levels of debt and can save money by laying off staff, according to the report. ZF Group Chief Executive Officer Dr Holger Klein said that some difficult but necessary decisions had to be made to make the company future-proof. The layoffs will be carried out by providing compensation payments, retirement plans and other means. Through these measures, it is hoped to enhance the company's competitiveness and consolidate ZF's position as one of the world's leading suppliers.The report noted that ZF currently employs about 169,000 people worldwide, including about 54,000 in Germany. The group has operations at more than 160 production sites in 31 countries around the world. Last year, the company achieved a turnover of about 46.6 billion euros.Declaration: This article comes from the Chinanews.If copyright issues are involved, please contact us to delete.

[22 July 2024]- Xiaopeng and Volkswagen Group to fully invest in developing industry-leading electrical and electronic architecture for Volkswagen's CMP and MEB platforms for production in China- The first model equipped with the jointly developed electrical and electronic architecture is expected to be mass-produced within 24 months- Both parties will actively explore further co-operation opportunities to expand the application of their jointly developed electrical and electronic architectureXiaopeng Motors and Volkswagen Group jointly announced that, following the signing of a framework agreement between Xiaopeng Motors and Volkswagen Group dated 17 April 2024 in relation to the strategic cooperation on electrical and electronic architecture technology, Xiaopeng Motors and Volkswagen Group have entered into a co-development agreement on the strategic cooperation on electrical and electronic architecture technology, whereby the two parties will fully commit themselves to the development of industry-leading electrical and electronic architectures for Volkswagen's CMP and MEB platforms for production in China. The signing of the joint development agreement not only signifies that The signing of the joint development agreement not only signifies that both parties will accelerate the development of electrical and electronic architecture in China, but also lays the foundation for expanding the scope of their strategic cooperation in electrical and electronic architecture technology.[22 July 2024]In the strategic cooperation on electrical and electronic architecture technology, Xiaopeng Automobile and Volkswagen Group have established joint development project teams in Guangzhou and Hefei, where engineers from both sides will work closely together to accelerate the development process of the electrical and electronic architecture. Through the close technical co-operation of the joint development project team, the first model equipped with the jointly developed electrical and electronic architecture is expected to be mass-produced within 24 months, which demonstrates the deep mutual trust and strong commitment of Volkswagen Group and Xiaopeng Motors in their strategic partnership. In addition, pursuant to this joint development agreement, Xiaopeng Automobile and Volkswagen Group will actively explore opportunities for further co-operation to expand the scope of application of the electrical and electronic architecture jointly developed by the two parties. Both parties have reached a consensus on the promotion of the EEV strategic cooperation and expect to further strengthen the strategic partnership in this way.- Xiaopeng and Volkswagen Group to fully invest in developing industry-leading electrical and electronic architecture for Volkswagen's CMP and MEB platforms for production in China- The first model equipped with the jointly developed electrical and electronic architecture is expected to be mass-produced within 24 months- Both parties will actively explore further co-operation opportunities to expand the application of their jointly developed electrical and electronic architectureXiaopeng Motors and Volkswagen Group jointly announced that, following the signing of a framework agreement between Xiaopeng Motors and Volkswagen Group dated 17 April 2024 in relation to the strategic cooperation on electrical and electronic architecture technology, Xiaopeng Motors and Volkswagen Group have entered into a co-development agreement on the strategic cooperation on electrical and electronic architecture technology, whereby the two parties will fully commit themselves to the development of industry-leading electrical and electronic architectures for Volkswagen's CMP and MEB platforms for production in China. The signing of the joint development agreement not only signifies that The signing of the joint development agreement not only signifies that both parties will accelerate the development of electrical and electronic architecture in China, but also lays the foundation for expanding the scope of their strategic cooperation in electrical and electronic architecture technology.Declaration: This article comes from the xiaopeng .If copyright issues are involved, please contact us to delete.

On July 10, 2024, Chinese new energy passenger vehicle powertrain solution provider INOVANCE Automotive hosted a ceremony to celebrate the beginning of volume production of its Thailand plant, according to a post on the supplier's official WeChat account. This milestone marks a significant breakthrough in INOVANCE Automotive's global strategy, laying a solid foundation for the company's future development while better supporting domestic clients' overseas expansion and serving local customers in Southeast Asia.Photo credit: INOVANCE AutomotiveINOVANCE Automotive said it is adapting to the global trends of electrification and intelligentization in the automotive industry. Since 2016, the company has been expanding its overseas markets, gradually gaining recognition from numerous renowned automakers. Despite the challenges posed by the pandemic in 2022, the company steadfastly advanced the construction of its Hungarian plant. In 2023, INOVANCE Automotive achieved technological and capacity breakthroughs, successfully passing the ASPICE Level-3 assessment, with production of electric motor and electronic control products surpassing one million units and significant growth in overseas deliveries. The commencement of mass production at the Thailand plant in 2024 aims to deepen its presence in the Southeast Asian market and enhance its local service capabilities.In terms of technological innovation, since 2016, the company has participated in Volkswagen's power source platform project. Over the past eight years, the company said it has continuously invested and made breakthroughs based on the diverse needs of different regions and clients, establishing comprehensive product development standards and capabilities in areas such as functional safety, network security, and high-voltage safety to meet the demands of overseas customers.Following its breakthroughs in power source products overseas, the company aims to replicate these opportunities through continuous expansion. This involves duplicating project successes to further enlarge the power source product market and replicate business success with other clients, as well as broadening the product line from power source products to electric motors, electronic controls, and other areas.By participating in over 10 global projects, INOVANCE Automotive has accumulated extensive experience in developing international platform products, enabling rapid development of localized products to meet the needs of overseas customers. This efficiency also aids domestic clients in their overseas ventures. The company revealed it has established eight major offices and four production bases across Europe and Asia, ensuring quick responses to global market demands.INOVANCE Automotive has set up service centers in multiple global locations to ensure swift after-sales service responses. The company plans to further expand its service network. Domestically, it boasts a comprehensive after-sales service system, including offices, repair centers, spare parts warehouses, and contracted service stations. Internationally, it has established six major overseas service bases and plans to build three more. This robust global service network enables INOVANCE Automotive to efficiently guarantee after-sales support for exported vehicles, providing strong backing for domestic clients' rapid overseas expansion.In promoting sustainable development for the entire society, the company plans to achieve 100% green electricity production at its Changzhou plant by 2025, reducing carbon emissions. Through collaborations with global car manufacturers, INOVANCE Automotive provides new energy powertrain solutions to global customers.Declaration: This article comes from the Gasgoo.If copyright issues are involved, please contact us to delete.

Recently, Bosch, Continental Group, Magna, Valeo, Lear, Schaeffler, Ambof, BorgWarner, Peipeitech and other parts giants have announced 2023 financial results. Compared with the difficult 2022, in the past 2023, with the strong recovery of the world's major automotive markets, most of the parts giants have risen steadily.

The National electric vehicle battery and charging system industry measurement and testing center was settled in Shenzhen

On March 14, NIO and Ningde Times signed a framework agreement in Beijing, and the two sides will promote research and development and innovation of long-life batteries based on the needs of NIO power exchange scenarios. Zeng Shizhe, vice president of NIO, and Gao Huan, CTO of the domestic passenger car Division of Ningde Times, signed the agreement on behalf of both parties. Zeng Shuxiang, senior vice president of NIO and CEO of NIO Drive Technology, and Zhu Wei, executive president of Ningde Times Passenger Car Division, witnessed the scene.

On March 11, the Jingdong Auto national auto parts supply chain base project was signed at the headquarters of Jingdong Group in Beijing, settled in China Car Valley, and Wuhan Economic Development Zone created a demonstration area for the development of the whole industrial chain of new energy vehicles to add "fresh force". This is another achievement of investment attraction in Wuhan Economic Development Zone since this year, following the project of Wuhan R & D Center of China Mobile iot and Wuhan Shanshan Outlet commercial complex project.

The Beijing battery factory of Ningde Times (300750.SZ) officially announced that the lithium battery leader will invest in the project together with BAIC Group and Xiaomi Automobile.