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Chinese auto chip maker SemiDrive closes $140 million Series B+ financing

CN EV Post

The post Chinese auto chip maker SemiDrive closes $140 million Series B+ financing appeared first on CnEVPost. SemiDrive currently has four series of products with an annual output of one million chips. For more articles, please visit CnEVPost.

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Visiting Chinese trade official warns EU on greentech probe – ET Auto

Baua Electric

He cited the EU’s investigations into Chinese electric cars, solar panels and wind turbines as examples. He cited the EU’s investigations into Chinese electric cars , solar panels and wind turbines as examples. Earlier this week, Wang was in France where he met French Finance Minister Bruno Le Maire.

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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities. Daimler in China.

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Farley: Chinese language automakers turning into EV ‘powerhouse’

Baua Electric

CEO Jim Farley says Chinese language electrical car makers are its primary competitors within the sector, however the corporate has hurdles competing on charge at a smaller scale. “We see the Chinese as the main competitor, not GM or Toyota,” Farley stated Thursday on the Morgan Stanley Sustainable Finance Zenith.

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Chinese EV company Xpeng Motors raises US$400M in Series C; Xiaomi strategic investor

Green Car Congress

In addition to the latest equity raising, Xpeng Motors has also successfully diversified its funding sources by securing several billions of RMB-denominated unsecured credit lines from leading Chinese and international banks including China Merchants Bank, China CITIC Bank and HSBC. Xpeng Motors achieved numerous milestones this year.

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It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

billion) into a financing facility to support exports. The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick. In Chile, which trails Australia as the second-biggest producer of lithium, Chinese money is also dominant. Even in Canada, Chinese money has been crucial.

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Nissan unveils LEAF-based Sylphy BEV at Auto China 2018

Green Car Congress

Nissan unveiled the Nissan Sylphy Zero Emission, Nissan’s first electric car made in China for Chinese consumers, at Auto China 2018 in Beijing. The Sylphy offers a drive range of 338 kilometers (210 miles), according to official Chinese standards, based on SMVIC results referencing NEDC standards and depending on driving conditions.

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