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Li-ion maker Boston Power secures US$290M from two local Chinese governments for expansion

Green Car Congress

The company’s Liyang facility will receive a total investment of $160 million, increasing its manufacturing capacity fivefold by 2016. The expansion of these facilities will allow Boston Power to meet the growing demand by leading Chinese automakers in the Yangtze River Delta and throughout the Bohai Gulf in Northern China.

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Researchers urge Chinese government to encourage bikes, buses and rail over cars and commercial vehicles due to emissions and health concerns

Green Car Congress

Chinese government has implemented several transport policies to deal with this challenge and to encourage residents to change their travel behaviors to mitigate severe air pollution. So this paper first attempts to comprehensively evaluate the Chinese residents’ travel demand. million tons, respectively. —He and Qiu.

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GM makes strategic investment in car-sharing technology company Yi Wei Xing in China

Green Car Congress

Yi Wei Xing), a leading car-sharing technology solution provider in China, as another move in exploring personal mobility in China. The equity investment follows GM’s global strategy of redefining the future of personal mobility. GM launched its car-sharing service brand Maven in January 2016. Earlier post.)

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Tesla (TSLA) surges on reports China is approving Full Self-Driving deployment

Baua Electric

The Full Self-Driving package is a promise that Tesla has been selling to its vehicle owners since 2016: that promise is that all new vehicles are equipped with the hardware necessary to become self-driving and it will become that through future software updates. Several Chinese media are reporting today that this issue has now been solved.

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Tesla stock (TSLA) achieved 102% growth in 2023

Teslarati

TSLA yearly performance: 2011: +7% 2012: +18% 2013: +344% 2014: +48% 2015: +8% 2016: -11% 2017: +46% 2018: +7% 2019: +25% 2020: +743% 2021: +49% 2022: -65% 2023: +102% pic.twitter.com/mebrfUDHVz — Sawyer Merritt (@SawyerMerritt) December 29, 2023 Tesla’s 2023 proved to be a lot smoother than 2022.

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Hyundai Motor launches new global luxury brand Genesis

Green Car Congress

Hyundai said the new model line-up will distance itself from the traditional “technological overload” of brand-focused competitors, concentrating instead on a personalized, hassle-free customer experience. Genesis models will feature outstanding driving dynamics and design, with innovations tailored to closely-meet the needs of customers.

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SAIC-GM Connectivity Strategy 2025 lays out roadmap to cloud-based connectivity, autonomy

Green Car Congress

SAIC-GM, GM’s Chinese joint venture with SAIC, announced its Connectivity Strategy 2025, which lays out a roadmap for its connectivity development from 2017 through 2025. Customers will have a dedicated personal account, enabling customization of in-car entertainment, comfort and app services. In 2016, GM delivered more than 3.8

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