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Chinese auto chip maker SemiDrive closes $140 million Series B+ financing

CN EV Post

SemiDrive currently has four series of products with an annual output of one million chips. The post Chinese auto chip maker SemiDrive closes $140 million Series B+ financing appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Revamp Moto partners with loan providers for 2W financing solutions – ET Auto

Baua Electric

The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.

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Rivian barely beats earnings expectations, bucking industry trend

Teslarati

Rivian has reported its first-quarter earnings, showing the company has slightly beat its earnings expectations, bucking the industry trend. According to Yahoo Finance, this contributed to slightly beating investor expectations, set at $657.7 What do you think of the article? million in total earnings, a $1.32

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Vulcan Energy starts its first lithium chloride production in Germany – ET Auto

Baua Electric

Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its extraction plant in Germany using geothermal energy, an essential step toward producing battery-grade lithium hydroxide.

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The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies. With less financing options for IOCs, and also oilfield services, the already existing investment gap in upstream investment worldwide will only grow wider.

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Reports: Tesla Plans To Start Building 5 Semi Trucks A Week

CleanTechnica EVs

Tesla is building a low-volume Tesla Semi production line, and once it’s complete, Tesla reportedly plans to produce 5 Tesla Semi electric trucks on a weekly basis, reports Yahoo!

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Evergrande NEV warns risks of production halt if it can't get additional liquidity

CN EV Post

Image credit: CnEVPost) Evergrande New Energy Vehicle Group (Evergrande NEV), the electric vehicle unit of China Evergrande Group, is at risk of discontinuing production after struggling to deliver hundreds of vehicles. billion) in future financing and hopes to get them into mass production, the announcement said.