[Technology] Japan’s GLM Seeks to Cash in on China’s Electric Vehicle Boom2016-08-24 10:22:13Hit:264
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Written in August 24, 2016
Link >> http://www.bloomberg.com/news/articles/2016-08-23/japan-s-glm-seeks-to-cash-in-on-china-s-electric-vehicle-boom
Summary
GLM Co. Chief Executive Officer, Nobuyuki Idei, said it’s close to winning its first deals to supply customized vehicle frames to companies seeking to produce electric cars.
The Kyoto-based automaker is close to signing deals to supply vehicle platforms for about 10 carmakers, including some in China, founder and CEO Hiroyasu Koma said in an interview, without naming them. The company is in discussions with other manufacturers, including those in Japan and Malaysia.
Government support for EVs in China has triggered a wave of startups and venture-capital money seeking to back the next Tesla Motors Inc. About 200 companies are developing an estimated 4,000 models under ambitious government sales goals, and GLM is trying to supply the frames that can be adapted for use in expensive sports cars or mass-market compacts -- saving the carmakers time and money.
Link >> http://www.bloomberg.com/news/articles/2016-08-23/japan-s-glm-seeks-to-cash-in-on-china-s-electric-vehicle-boom
Summary
GLM Co. Chief Executive Officer, Nobuyuki Idei, said it’s close to winning its first deals to supply customized vehicle frames to companies seeking to produce electric cars.
The Kyoto-based automaker is close to signing deals to supply vehicle platforms for about 10 carmakers, including some in China, founder and CEO Hiroyasu Koma said in an interview, without naming them. The company is in discussions with other manufacturers, including those in Japan and Malaysia.
Government support for EVs in China has triggered a wave of startups and venture-capital money seeking to back the next Tesla Motors Inc. About 200 companies are developing an estimated 4,000 models under ambitious government sales goals, and GLM is trying to supply the frames that can be adapted for use in expensive sports cars or mass-market compacts -- saving the carmakers time and money.