article thumbnail

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

Green Car Congress

The company’s Tianjin facility will grow its capacity to 4GW by 2017, and is expected to reach 8 GWh in manufacturing capacity by 2018. 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.

Boston 218
article thumbnail

Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

London 170
article thumbnail

Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

PEV Sales in China by segment: 2012-2017. Pike projects the PEV market in China will grow at a compound annual growth rate (CAGR) of 60% from 2012 to 2017, surpassing 152,000 units sold annually by 2017. conventionally fueled car—remain out of reach for low-income, cost-conscious Chinese consumers. Click to enlarge.

Plug-in 239
article thumbnail

China Ministry of Transport targeting 300,000 new energy vehicles on roads by 2020

Green Car Congress

Xinhua reports that the Chinese Ministry of Transport (MOT) is targeting 300,000 new energy vehicles on China’s roads by 2020: 200,000 new energy buses and 100,000 new energy taxis and city logistics delivery vehicles.

2020 150
article thumbnail

NEVS and DiDi partner up for future mobility; EV optimized for DiDi services

Green Car Congress

In January 2017, the Chinese government approved NEVS’ application to start production of electric vehicles in its manufacturing plant in Tianjin. In May 2017, NEVS launched a city mobility program with THT to offer car-sharing and ride-hailing solutions in the Tianjin city, with 15 million inhabitants.

Future 170
article thumbnail

BYD’s home city in China now has more supercharging plugs than gas pumps

Baua Electric

Photo: Shenzhen Government Online Shenzhen, the home of Chinese EV giant BYD, says it’s become the first in China to have more supercharging plugs than gas pumps. As Electrek reported in April , BYD received direct government subsidies of “at least” $3.7 The city of 12.5

Plug-in 52
article thumbnail

Volkswagen Group, Google partnering on quantum computing; traffic optimization, batteries, AI

Green Car Congress

In March 2017, Volkswagen announced its first successful research project—in partnership with D-Wave—completed on a quantum computer: a traffic flow optimization for 10,000 taxis in the Chinese capital Beijing. Earlier post.).

Google 150