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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 company’s Tianjin facility will grow its capacity to 4GW by 2017, and is expected to reach 8 GWh in manufacturing capacity by 2018. —Sonny Wu, chairman of Boston Power.

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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.

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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. However, according to a new report from Pike Research, PEV production will fall well short of the government’s ambitious goals of manufacturing 500,000 PEVs a year by 2015. conventionally fueled car—remain out of reach for low-income, cost-conscious Chinese consumers.

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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.

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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

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How China beat everybody to be international chief in electrical automobiles

Baua Electric

By way of: Bloomberg | Up to date on: 18 Jul 2023, 08:55 AM A truck transports unutilized Tesla vehicles at its manufacturing facility in Shanghai, China. Production is booming too — Chinese language manufacturers account for approximately part of all EVs offered globally, HSBC analysts stated in a up to date be aware.

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How do Chinese language EV makers roll out unutilized merchandise so temporarily?

Baua Electric

Certainly one of our readers despatched me an e-mail asking how it’s imaginable that some 2-year-old Chinese language firms have already got 3 unutilized EVs at the street (Zeekr) or {that a} unutilized maker can create 7 unutilized fashions and seven facelifts in 5 years (Nio). million vehicles by way of 2025, and many others.

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