 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Staff Writers Frankfurt Am Main (AFP) March 2, 2018
German computer chip maker Infineon said Friday it is teaming up with China's biggest car maker, SAIC Motor Corporation, to produce power modules for the Chinese electric car market, the world's biggest. Infineon said in a statement it will hold a 49-percent stake in the new Shanghai-based company, SAIC Infineon Automotive Power Modules (SIAPM), which will make inverters -- vital parts that convert power from the battery to a form that can be used by the car's engine. SAIC will hold the other 51 percent. The joint venture has already received the necessary regulatory approval and will begin large-scale production in the second half of this year, Infineon said. SIAPM will focus on the massive Chinese market for electric or hybrid vehicles, which saw 794,000 sales last year according to local auto industry association CAAM. Meanwhile, Infineon will continue independently to supply customers outside China. Complex electric car quotas that Beijing will enforce from next year are expected to accelerate a growing trend towards electric mobility. Annual production of hybrid and all-electric cars in China could reach two million vehicles by 2020 and 4.3 million by 2024, or around 45 percent of the forecast global market, Infineon said, citing an IHS Markit analysis. The move is a further step into future car technology for Bavaria-based Infineon, which announced at the Las Vegas Consumer Electronics Show (CES) in January that it would join Chinese internet giant Baidu's Apollo platform for self-driving cars. jpl/tgb/spm
Germany cleared for greener public transit Washington (UPI) Feb 26, 2018 The European Commission said Monday it was supportive of German plans to spend more than $80 million on infrastructure for greener public transportation. The commission found German plans for an $86 million support scheme for electric buses and related charging infrastructure is in line with environmental goals and won't distort the market. "This scheme is another positive example of how to fight global warming," Margrethe Vestager, the commissioner in charge of competition policy, said ... read more
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
