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China EV industry sell-off creates opportunity, says Morgan Stanley

CN EV Post

Li Auto leads the pack with superior execution, but risk-reward increasingly favors XPeng and NIO after a drastic sell-off this year, Morgan Stanley said. As of Monday's close, NIO's (NYSE: NIO) US-traded ADR was down 10 percent this year, XPeng was down 8 percent, and Li Auto was up about 12 percent.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.

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Ricardo responds to electric drive stimulus package

Green Cars News

Ricardo, one of the leaders in the development of electric and hybrid vehicles, has welcomed President Obama’s announcement of $2.4billion in grants to accelerate the manufacturing and deployment of the next generation of US batteries and electric vehicles.

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National Alliance for Advanced Transportation Batteries Opts for Kentucky Site for Li-ion Plant

Green Car Congress

The National Alliance for Advanced Transportation Batteries (NAATBatt) ( earlier post ) has selected a site in Hardin County, Kentucky to build a more than $600-million automotive lithium-ion battery plant. Tags: Batteries. Kentucky was selected over Texas, Illinois, Kansas, Missouri, New York, Pennsylvania and South Carolina.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. Developments that were negative for global gasoline demand included : Rapidly falling lithium-ion battery prices, and steepening expected cost reduction curves for both batteries and electric drive components. Click to enlarge.

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Chrysler Disbands ENVI Electric Vehicle Group; Function Absorbed into Traditional Line Organization

Green Car Congress

At the North American International Auto Show in January 2009, Chrysler had introduced two new EV concepts and updates on three earlier EV concepts developed by the ENVI group. Reuters reports that Chrysler has disbanded its ENVI team, formed in 2007 to bring electric-drive vehicles and related advanced-propulsion technologies to market.

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How NI plans to innovate in the EV test and measurement industry and unlock the power of data

Charged EVs

Engineering firm NI has been significantly expanding its EV battery testing capabilities in the past few years. Q&A with NI CEO Eric Starkloff (Full interview) The sense of urgency in the auto industry is palpable as it undergoes the transition to EVs.