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Porsche participates in Rimac’s €500M Series D round

Green Car Congress

The Stuttgart-based sports car manufacturer is participating in a Series D funding round by the Croatian automotive technology group Rimac Group. Porsche made its first investment in Rimac in 2018 and has successively increased its interest. The total volume of the round is €500 million, with Porsche investing an eight-figure sum.

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Die some other year: Hengchi 5 resumed manufacturing within the Tianjin plant

Baua Electric

On Would possibly 30, native media reported that Hengchi Automotive resumed manufacturing of its best style – the electrical SUV Hengchi 5 within the Tianjin manufacturing unit. Hengchi 5 manufacturing used to be suspended extreme hour on April 25. Six untouched thought automobiles from Hengchi.

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). We’re seeing more companies raising funds as they look to make the jump from concept cars to high-volume manufacturing. —Colin McKerracher.

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Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

Green Car Congress

DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018. Xiaoju Automobile Solutions?XAS?was BAIC has announced plans to stop the manufacturing and sale of gas-driven car models by 2025.

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Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

Green Car Congress

Oliver Blume, CEO of Porsche, and Mate Rimac, CEO of Rimac, signed the corresponding agreements and announced the name of the new hypercar manufacturer: Bugatti-Rimac. Bugatti Automobiles S.A.S. We already purchased the first shares in Rimac in 2018 and have successively increased our shareholding since then.

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Toyota invests $600M in Didi Chuxing, JV vehicle-related services for ride-hailing drivers

Green Car Congress

Toyota and DiDi announced collaboration on e-Palette in January 2018 ( earlier post ), and launched vehicle-related services, including a vehicle leasing service and various services for DiDi ride-hailing drivers at a Toyota dealer in May 2018. (GTMC) for vehicle-related services for ride-hailing drivers.

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

Those companies capable of developing and combining hardware and software in equal measure will shape the future of the automobile. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance. The growing proportion of electrified vehicles is also driving up manufacturing costs. —Oliver Zipse.

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