Latest news with #Exeed
Time of India
24-07-2025
- Automotive
- Time of India
China's Chery to supply tech to help India's JSW launch own EVs
China's Chery Automobile Co. will supply technology and components to billionaire Sajjan Jindal 's JSW Group to help launch a new-energy vehicle brand in India by 2027, according to people familiar with the matter. Under an agreement between the two companies, JSW will pay Chery a one-off technology transfer fee and recurring royalties, said the people, who asked not to be identified because the information is private. There is no equity arrangement, in line with India's restrictions on Chinese investment in strategic sectors. The deal will mark the first major passenger vehicle technology transfer from a Chinese automaker to an Indian company since border clashes between the two nations in 2020 snowballed into a bilateral spat. India has put up walls to prevent its neighbor from making big-ticket investments in the country. Chery and JSW disputed the accuracy of Bloomberg News's report in their responses and said the pact was for providing components. 'Chery will supply components of parts of models. JSW will assemble and produce under JSW brand in India,' the Chinese car maker said in an email. An emailed response from JSW mirrored Chery's comments and said 'the core technology will be developed in-house with the help of companies,' such as KPIT Technologies Ltd. and LTIMindtree Ltd. Deeply dependent India's nascent EV ecosystem is deeply dependent on Chinese supply chains - from rare earth magnets to lithium-ion cells. While China is also heavily scrutinizing overseas transfer of technologies in critical sectors like EVs and semi-conductors, several Indian companies including Exide Industries Ltd., Amara Raja and Tata AutoComp Systems Ltd. have licensing agreements and partnerships with Chinese cell pioneers like SVOLT Energy Technology Co. and Gotion High-tech Co. The closely held Chery, China's top passenger vehicle exporter for 22 consecutive years and its fourth-largest carmaker, has a presence in more than 100 countries and also has a joint venture with luxury marque Jaguar Land Rover, which is owned by India's Tata Motors Ltd. Chery is also said to be eying a Hong Kong initial public offering that could raise about $1.5 billion, Bloomberg News reported in May citing people familiar with the matter. But its pursuit of a successful listing has been complicated by its significant operations in Russia, where it became a top-selling brand. Shying away Some international banks are shying away, prompting Chery to scale back Russian operations and cease sales to sanctioned countries like Cuba and Iran. The royalty stream from JSW, in this backdrop, will boost its revenues and its international ambitions that include setting up a $1 billion factory in Turkey. Chery's portfolio spans electric cars and hybrids under brands such as iCar, Exeed, and Jetour. The company brings advanced electric powertrains, hybrid systems and intelligent cockpit tech — capabilities JSW will leverage to localize and scale production rapidly. JSW is reviewing several Chery models, particularly from the iCar sport utility range, to tailor for Indian consumers. The Indian conglomerate, that spans steel, new energy, infrastructure and paints, has been entering newer segments like cement and cars. The new EV brand will be wholly owned by JSW and operate independently of its existing MG Motor India Pvt. joint venture with China's SAIC Motor Corp., which will continue to sell vehicles in India under the MG badge, the people said. JSW is setting up facilities in the Indian state of Maharashtra where it will manufacture its own brand of passenger EVs from 2027, as well as a range of electric trucks and buses from next year, the people said. The JSW Group is also planning to increase its stake in its MG Motor joint venture by buying out more of SAIC's stake in the entity, Parth Jindal, director of JSW MG Motor India told a local newspaper earlier this month. The conglomerate has also finalized two licensing pacts with Chinese automakers, the report said, without giving further details.
Mid East Info
03-06-2025
- Business
- Mid East Info
e& enterprise and Exeed Industries team up to fast-track UAE's Industry 4.0 shift - Middle East Business News and Information
e& enterprise, the digital transformation arm of e&, and Exeed Industries, a leading UAE industrial group and a subsidiary of National Holding, have signed a strategic Memorandum of Understanding (MoU), the partnership is a multi-year programme set to accelerate digital transformation across Exeed Industries' UAE-based factories. Together, both entities will develop a comprehensive Industry 4.0 roadmap – a strategic plan that guides manufacturers in adopting smart, connected technologies to boost efficiency and competitiveness – underpinned by AI and sustainability. The goal is to strengthen the resilience and global standing of UAE manufacturing. e& enterprise will lead the development of the Exeed Industries technology blueprint for Industry 4.0 strategy, working closely with each manufacturing unit and the Group. This roadmap will be key in enabling Exeed Industries to access funding opportunities from Abu Dhabi Investment Office through the Smart Manufacturing Accelerator Programme (SMAP), to implement transformative projects at scale. The scope covers conducting maturity assessments across five Exeed plants, developing tailored smart manufacturing roadmaps, and Deployment of Industrial IoT (IIoT) technologies integrated with AI and GenAI engines, digital twins (which use IIoT data to mirror the real-time performance and condition of physical assets), predictive maintenance and automation. It also includes deploying AI for functions like demand forecasting, quality control, and energy optimisation, as well as integrating ESG-driven platforms to monitor and reduce carbon impact. Majd Coussa, Acting Chief Revenue Officer, e& enterprise, said: 'This partnership represents a model for how we aim to work with forward-looking manufacturers. By combining Exeed's industrial leadership with our deep expertise in digital transformation, we will co-develop scalable solutions that align with the UAE's goals for innovation, sustainability and economic diversification.' Mohammed AlAmeer, Group CEO, Exeed Industries, added: 'At Exeed Industries, we are committed to evolving our manufacturing capabilities to meet the demands of a future-ready industrial sector. This MoU with e& enterprise allows us to reimagine our operations through the lens of digital innovation, contributing directly to national goals under Make it in the Emirates.' As part of the collaboration, e& enterprise will bring its wider climate commitment to the table. After setting ambitious environmental targets for 2030, e& launched its Climate Transition Plan, titled 'Ambition to Action', which sets out a clear roadmap to Net Zero. One of the first companies in the region to publish such a detailed approach, e& is working to decarbonise its operations and support partners like Exeed in embedding sustainable practices across value chains. Sustainability is embedded in e&'s transformation journey, aligned with national and global priorities such as the UAE Net Zero by 2050 strategic initiative, We The UAE 2031 Vision, and the Sustainable Development Goals. The partnership with Exeed will further strengthen ESG-led manufacturing, with the aim of building resilient, resource-efficient industrial models that are future-fit and climate-aligned. The collaboration supports the UAE's broader ambitions to become a global hub for advanced manufacturing, in line with its Industry 4.0 strategy and net zero goals. It will also serve as a replicable framework for other manufacturers in the UAE and the wider region, demonstrating how digital transformation can enhance industrial productivity, energy efficiency and competitiveness. About e& enterprise: e& enterprise is a digital transformation leader supporting governments and large-scale organisations in building and scaling their digital core. Through optimising operations, enhancing customer engagement, and data-driven decision-making, we enable seamless, sustainable, and secure transitions into the evolving digital world. Currently operating in the UAE, KSA, Egypt, Oman, Türkiye, Qatar, and South Africa, e& enterprise brings cutting-edge digital scalable solutions designed to deliver tangible business value and address the unique challenges faced by organisations and executives across industries. With a proven track record as a trusted digital transformation partner, technical expertise, and the ability to deploy and manage complex solutions, e& enterprise provides collaborative tailored solutions that empower customers to navigate their end-to-end digital transformation journey. About Exeed Industries: A subsidiary of National Holding and headquartered in Abu Dhabi, Exeed Industries is a leading diversified manufacturing conglomerate playing a pivotal role in industrial manufacturing and directly contributing to the economic development of the UAE and the wider MENA region. Presently, its operations span six state-of-the-art manufacturing entities across the UAE and Jordan, specialising in building materials, construction, engineering, synthetic materials, and consumer goods. Each entity leads its respective sector with a strong focus on innovation, quality, and sustainability.
NZ Autocar
01-05-2025
- Automotive
- NZ Autocar
Chery launches another SUV brand in China called Lepas
Chery's SUV expansion continues with the Chinese automotive heavyweight unveiling a brand-new marque, Lepas, aimed squarely at younger, style-conscious buyers. The first vehicle to emerge from Lepas is dubbed the L8, and it rolled off the production line in Wuhu, China last month. The L8 will spearhead the brand's global push, leading a line-up that includes the mid-size L6, compact L4 and entry-level L2. All four will share Chery's versatile T1X platform, already familiar to Kiwi buyers through models like the Jaecoo J7 while the Chery Tiggo models will be here soon too. Read more Chery announces Tiggo SUV models for New Zealand The name Lepas, Chery says, combines the ideas of 'leap' and 'passion', fitting for a brand that plans to launch in 27 countries by the end of 2025, and 45 by 2027. With global annual sales targets of 500,000 units, Lepas is set to become a major player in Chery's expanding stable of sub-brands, which already includes Exeed, Jetour, Omoda, Jaecoo, and Luxeed, among others. It's been reported that Chery Australia remains tight-lipped on plans for Lepas to show up Downunder, but the brand's ambitions and existing momentum suggest a likely entry at some point. Lepas vehicles will offer battery-electric, petrol-hybrid (non-plug-in), and pure petrol drivetrains. The L2 will launch as a full EV, while hybrid models will employ Chery's latest 'Super Hybrid System' that has already been seen in the Jaecoo J7 SHS Summit. Chery claims a real-world range of over 1400km from this setup, rivalling some diesel offerings in long-haul capability. Locally, Chery is deep into an SUV roll-out, with a range of Tiggo models confirmed for New Zealand. More hybrids and plug-in variants of the Omoda 5, Tiggo 7 Pro, and Tiggo 8 Pro Max are also under consideration.
The Advertiser
22-04-2025
- Automotive
- The Advertiser
Chery launching yet another brand, this time for its new ute
Chinese carmaker Chery has a menagerie of brands including Exeed, Jetour, Karry, Omoda and Jaecoo, and soon it'll add another to its ranks.
Yahoo
06-04-2025
- Automotive
- Yahoo
Automaker unveils jet-inspired SUV with 'super impressive' features: 'My jaw dropped'
The China-owned car company Chery just raised the bar for electric SUVs with its new car, and the jet-inspired design is making waves already. The Chery Exeed VX C-DM three-row SUV made its public debut this February, and it was touted for its sleek design and affordable price — only $33,085 U.S. Called "the land business jet," the Exeed takes the interior design of a private jet and imagines it within the context of a car, featuring high-quality leather and massage chairs. Alongside being a nice-looking car, the Exeed VX C-DM has an electric mode, which has a range of more than 100 miles when utilized. This fact makes this car not only an appealing option from the aesthetic point of view but also from an environmental standpoint. Even when the production of electricity is considered, EVs far outmatch their internal combustion engine counterparts when it comes to dirty energy transmissions. After only about six months of driving an EV, owners will more than make up for the amount of dirty fuels that power the electricity in EVs. By investing in an EV instead of an ICE vehicle, users will be able to be environmentally conscious and reduce the amount of dirty fuel pollution. With high quality coming at reasonable prices, it is becoming easier than ever for consumers to buy an EV for cheap, creating financial stability and a greener future for us all. Even having just released the preview for the car, consumers are already showing their support for the car, complimenting its modern look and effectiveness as the future of electric vehicles. "My jaw dropped!" said one user. "The interior is more than suitable for a private jet!" "Some super impressive tech in Chinese EVs lately," said another user. "The fact that they're pumping out long range EVs with self driving so quickly is very hard to ignore, within a couple years it's going to be really hard for the world to catch up." If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
