Remove Auto Industry Remove Engine Remove Manufacturer Remove Stimulus
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China Forecast to Produce 12M Vehicles This year

Green Car Congress

Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6

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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). Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry.

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

Green Car Congress

The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China.

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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. NI’s CEO reports an industry-wide recognition that test data is an underutilized asset and many systems need to be rebuilt to take better advantage of very rich data sets. When did you decide to lean into the EV space?

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China on track for 12million vehicles

Green Cars News

A report in the People’s Daily quotes Chen Bin, director of the Department of Industry under the NDRC, as stating that Chinese car manufacturers were originally expected to produce and sell more than eight million units of vehicles in the first eight months of the year.

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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

While the Volt holds promise, it is currently projected to be much more expensive than its gasoline-fueled peers and will likely need substantial reductions in manufacturing cost in order to become commercially viable,” the task force noted in its recent assessment of GM’s restructuring plans. and Chrysler. Whatever B.C.G.’s

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Silent engines, positive impact on the environment, and decreased fuel costs are all reasons for this transition to EVs. Furthermore, a BCG report from earlier this year even predicted EV sales to overtake internal combustion engine (ICE) car sales by 2030. Industry is prioritizing investment in more sustainable solutions.

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