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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

Green Car Congress

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

Green Car Congress

The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. CATL develops battery systems for global customers in EV, HEV and PHEV applications; its sales of EV batteries amounted to 11.84 GWh in 2017—making it Nº 1 globally. GWh in 2017—making it Nº 1 globally.

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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

Green Car Congress

The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. CATL develops battery systems for global customers in EV, HEV and PHEV applications; its sales of EV batteries amounted to 11.84 GWh in 2017—making it Nº 1 globally. GWh in 2017—making it Nº 1 globally.

Germany 150
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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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Chinese Joint Venture Will Begin Mass-Producing an Autonomous Electric Car

Cars That Think

In October, a startup called Jidu Automotive , backed by Chinese AI giant Baidu and Chinese carmaker Geely , officially released an autonomous electric car, the Robo-01 Lunar Edition. With Level 4, the manufacturer of the car or the operator of the “robotaxi” service using the car would be to blame.

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GKN order book for electric driveline technologies totalled $2.8 billion by end of 2017

Green Car Congress

billion) by the end of 2017 following a series of significant program wins with major global automakers. million) in 2017 to £200 million (US$277.1 million) in 2017 to £200 million (US$277.1 As of 31 December 2017, GKN’s order book relating to eDrive was £2 billion following a number of major program wins.

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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The lobbying is reminiscent of what the industry did from 2017-2021, when it lobbied an ignorant reality TV host to torpedo well-reasoned regulations which would have resulted in significantly more regulatory certainty for the industry. Chinese EVs will grow, whether you like it or not China is actually a little late to the EV party.

Chinese 52