Remove Auto Industry Remove China Remove Production Remove Stimulus
article thumbnail

China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 million units, according to estimates from the China Association of Automobile Manufacturers (CAAM). Official figures for vehicle production and sales are scheduled for release next Monday. People’s Daily.

article thumbnail

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.

Boston 199
article thumbnail

How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

Meanwhile, the mid-2022 passage of the CHIPS Act in the United States yielded a multi-billion-dollar investment pool, some of which dedicated to ramping up American manufacturing of the mature-generation chips upon which many industriesauto and otherwise—are so dependent. considered getting into the chip-stimulus game as well.

article thumbnail

When Will EVs Hit Primetime?

Revenge of the Electric Car

presence in the world’s two largest passenger car markets (China and the. Read more in the article: Can electric cars break out of niche status in US, China market? Yet in the United States and China, automakers’ caution, weak price. undoubtedly going to be a backlog, where demand exceeds production for the.

China 133
article thumbnail

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

Charged EVs

The Austin-based company has been launching new products and making strategic acquisitions to build complete solution-level capabilities for EV battery testing and validation, led by its automotive customers who don’t have time to build up the technology themselves. I also spent a lot of my time on our software products.

article thumbnail

Will Obama’s billions jumpstart the electric car? The Green Piece

Green Cars News

If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit?

Green 51
article thumbnail

Goodbye GM, Hello Tianjin-Qingyuan Electric Vehicle Company?

Plugs and Cars

And these days a billion dollars is barely a rounding error in the money going to prop up the American auto industry. BYD already has a plug-in hybrid for sale in small numbers in China, and has Warren Buffet-infused plans to market PHEVs and EVs in the US within a few years. Can I charge my new EV here?

GM 100