5, Workhorse Group Inc. and Motiv Electric Trucks announced that they entered a definitive merger agreement. The combined company will create a leading North American medium-duty electric truck OEM with a diverse portfolio of Class 4-6 electric trucks. Under the merger agreement, once the all-stock transaction is completed, Motiv’s controlling investor will become the majority owner of the combined entity, while Workhorse shareholders will have...

OEM Plants  Updated at: 2026/04/01

MEB-platform-based product portfolio and be based on both parties’ core capabilities and the XPeng G9 platform, with a launch planned in 2026. VW Group is investing approximately USD 700 million in XPeng and will ultimately hold about 4.99% stake in XPeng at USD 15 per ADS. Upon completion of the transaction, the Group will hold a seat as an observer on the XPeng board of directors. In addition, Audi signed a strategic memorandum with SAIC Moto...

OEM Plants  Updated at: 2026/03/31

said that it delivered 1,300 vehicles in January and February, after having shipped roughly 5,000 of the 10,000 cars that its contract manufacturing partner, Magna Steyr, produced in Graz, Austria in 2023. On March 25, Fisker said talks with a large automaker, expected to be Nissan, for a potential transaction have been terminated, leading it to search for strategic options, including in- or out-of-court restructurings, and capital markets transa...

OEM Plants  Updated at: 2026/03/30

ain, from R&D to production, from purchase to use and recovery. With regard to use, the company will work with consumers to implement "low-carbon" activities and explore the opening of carbon accounts for car users, starting with corporate incentives and working toward a gradual shift to low-carbon transactions for individual consumers. In addition to this, the company will continue to carry out tree planting and other public benefit activities, ...

OEM Plants  Updated at: 2026/03/25

MEB-platform-based product portfolio and be based on both parties’ core capabilities and the XPeng G9 platform, with a launch planned in 2026. VW Group is investing approximately USD 700 million in XPeng and will ultimately hold about 4.99% stake in XPeng at USD 15 per ADS. Upon completion of the transaction, the Group will hold a seat as an observer on the XPeng board of directors. In addition, Audi signed a strategic memorandum with SAIC Moto...

OEM Plants  Updated at: 2026/03/23

acturing plants and sales operations in the country. The acquisition of an additional 50% of the shares in Daqing Volvo Car Manufacturing Co., Ltd and Shanghai Volvo Car Research and Development Co., Ltd, will further strengthen Volvo Cars’ position in China, its largest market. Following the transactions, Volvo Cars will have full ownership of its manufacturing plants in Chengdu and Daqing, its national sales company in China and its R&D...

OEM Plants  Updated at: 2026/03/19

mission variations will also be consolidated into GF6 series 6-speed automatic transmission for front-wheel drive. Shanghai General Motors has signed an import contract worth $900 million with General Motors. Shanghai GM will import three brand models, Cadillac, Buick and Chevrolet and their parts. Transaction volume is estimated at 500 million for finished cars and 400 million for parts. Shanghai-GM began accepting bookings for the new Chevrolet...

OEM Plants  Updated at: 2026/03/19

State-owned Assets Supervision and Administration Commission of Jinan Government (Jinan State-owned Commission), its associate company’s major shareholder, will transfer 45% of the shares of China National Heavy Duty Truck Group Co., Ltd. (Sinotruck) to Shandong Heavy Industry Co., Ltd. After the transaction is completed, Sinotruck’s share ownership ratios will be: Shandong Heavy Industry 45%, Jinan State-owned Commission 35% and Shandong Sta...

OEM Plants  Updated at: 2026/03/17

and Chongqing Liangjiang New Area Chengwei Equity Investment Fund Partnership (L.P.) (Chengwei Fund). According to the agreements, Changan Auto will acquire 7.71% and 2.63% equity interests in Changan New Energy currently held by Changxin Fund and Chengwei Fund, respectively. Upon completion of the transactions, the shareholdings of Changan Auto, Changxin Fund and Chengwei Fund will increase from 40.66% to 51.00%, decrease from 11.08% to 3.37% an...

OEM Plants  Updated at: 2026/03/17

nced on the Shanghai Stock Exchange (SSE) its plan for a CNY 6.5 billion capital increase in VW Anhui with VW China in equal proportion to their shareholding ratios. JAC Group and VW China will contribute CNY 1.625 billion and CNY 4.875 billion, respectively, in cash. Upon completion of the related transaction, the two parties’ respective shareholding ratios will stay unchanged at 25% and 75%. On March 21, VW China, together with its joint vent...

OEM Plants  Updated at: 2026/03/17

new "K0" model for Stellantis brands (FIAT, Opel, Citroën, Peugeot) on multi-energy platforms. It also signed license agreement for the use of the intellectual and industrial property rights belonging to the Stellantis Group. Tofaş reported that an additional "Report on Widespread and Continuous Transactions" was approved by the Board on November 4, 2024, per the CMB's Corporate Governance Communiqué, which outlines that the anticipated trans...

OEM Plants  Updated at: 2026/03/12

cial Responsibility Report. The report pointed out that Beijing Benz vigorously develops clean energy systems such as photovoltaic power generation and ground source heat pumps; actively participates in the pilot work of green power procurement in Beijing, promotes the implementation of green power transactions, and becomes the first batch of green power transaction pilot enterprises in the capital; through a series of measures such as rainwater ...

OEM Plants  Updated at: 2026/03/11

Opel’s market share in the market. GM has been making losses for several years in Europe. It aims to return its European operations to breakeven by 2015. On January 26, multiple sources reported that Art-Finance LLC, the parent company of Russia's AGR Automotive Group auto holding has completed a transaction to purchase the assets of Hyundai Motor in Russia. Art-Finance took over two production sites in St. Petersburg: a plant in the Kamenka in...

OEM Plants  Updated at: 2026/03/10

r StarPlus JV in 2021, pledging to invest USD 2.5 billion. The plant started production in 2024, and has already shifted to making some cells for energy storage. On February 6, Stellantis announced it was exiting the NextStar Energy joint venture with LG Energy Solution in Windsor, Canada. In that transaction, Stellantis sold its stake to LG for just USD 100, and still plans to buy EV batteries from the factory. On February 11, it was reported t...

OEM Plants  Updated at: 2026/03/10

Auto jointly announced on April 24 that China Evergrande Group intends to acquire related projects of Evergrande Auto at an agreed price of CNY 2 and assume approximately CNY 24.789 billion in debt. Evergrande Auto claimed that it will focus on R&D of New Energy Vehicles after the completion of the transaction. On May 30, Hengchi Auto, an Evergrande Auto sub-brand, announced that the Tianjin Plant has fully resumed production on May 23. The Plant...

OEM Plants  Updated at: 2026/03/09

BMW China). Currently, Brilliance Auto Group Holdings Co., Ltd. (Brilliance Auto Group) holds 100% of Brilliance Motor equity, thereby solely controlling Brilliance Motor. BMW China has signed an agreement with Brilliance Auto Group to acquire all shares of Brilliance Motor. Upon completion of the transaction, Brilliance Motor will be wholly owned by BMW China. On December 30, Renault Brilliance Jinbei Automotive Co., Ltd. has filed for bankrup...

OEM Plants  Updated at: 2026/03/09

ent driving processors, Matrix autonomous driving computing platform. Products resulting from the cooperation will be first applied in FAW Hongqi sedans. On September 17, FAW Xiali released a report regarding the selling of major assets, issuing shares to buy assets, raising funds and related-party transactions. According to the report, FAW Xiali’s reorganization plan consists of four parts, specifically: the transfer of shares held by FAW in ...

OEM Plants  Updated at: 2026/03/09

Bogor, will continue uninterrupted. All current employees will remain in employment and be given the opportunity to continue working for the company under its new ownership. Mercedes-Benz will also launch a new, 100% Mercedes-Benz owned firm to support and guide the new operating partnership. This transaction includes the transfer of 100% of shares of Mercedes-Benz AG in Indonesia, with Inchcape taking a 70% stake and Indomobil taking 30%. Inchc...

OEM Plants  Updated at: 2026/03/06

awei for CNY 2.5 billion in total. Seres Auto recently signed a cooperation agreement on further deepening joint operations. On July 29, Seres Group announced on the Shanghai Stock Exchange (SSE) that it plans to invest in Shenzhen Yinwang Intelligent Technology Co., Ltd. (Shenzhen Yinwang). If the transaction is completed, Shenzhen Yinwang will serve as a Seres Group joint stock subsidiary. Established on January 16, 2024 with a registered capit...

OEM Plants  Updated at: 2026/02/27

audi Arabia. Lucid delivered 3,109 vehicles in Q1, a 58.1% increase over 2024. On April 11, Lucid announced it has reached an agreement to acquire facilities and assets in Arizona previously belonging to Nikola Corp., subject to approval by the U.S. Bankruptcy Court for the District of Delaware.The transaction does not include the acquisition of Nikola's business, customer base, or hydrogen fuel cell electric truck technology. Lucid will take ove...

OEM Plants  Updated at: 2026/02/26