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Evergrande NEV puts Hengchi 5 production on hold due to lack of funds

CN EV Post

A Hengchi 5 on display at the 2021 Shanghai auto show. Hengchi 5 is the first mass-produced model of Evergrande NEV's Hengchi Auto, and its deliveries started on October 29, 2022. Evergrande NEV said it plans to resume production of the Hengchi 5 in May. (A

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Evergrande NEV warns risks of production halt if it can't get additional liquidity

CN EV Post

In order to focus its financial resources on supporting the mass production of the Hengchi 5, Evergrande NEV has continued its cost-saving initiatives and has taken measures to reduce the workforce of its Swedish subsidiary National Electric Vehicle Sweden AB, according to the announcement.

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Volvo scores massive nearly half a billion loan for its new EV platform

Baua Electric

Volvo gets €420 million loan for a new EV platform Volvo and the European Investment Bank (EIB), the EU’s funding arm, signed a €420 million ($460M) financing agreement Thursday. I think Sweden can be proud of the leading role Volvo Cars is taking in making the automotive industry more sustainable,” EIB vice president Thomas Östros explained.

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

Baua Electric

Their automobile industry construction is just a little difficult – the auto unit is known as Evergrande Fresh Power Auto (Evergrande Auto). The Evergrande Crew and Evergrande Auto are indexed one after the other at the Hong Kong Conserve Alternate. Hengchi 5 had a folk debut at Shanghai Auto Display in 2020.

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‘Women are more at risk of whiplash injuries than men’, says Astrid Linder | Autocar Professional

Baua Electric

Sweden-based road safety researcher Astrid Linder works at VTI, the Swedish National Road and Transport Research Institute. Linder has received the WOW (Woman of Worth) award for her work on the development of a female dummy from Mia Liström, one of the judges of the Women’s World Car of the Year in Sweden.

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PHEVs sales still strong in Sweden

Push EVs

Sweden’s plugin electric vehicle share in January was 52.4%, flat from 52.9% Overall auto volume in January was 35,476 units, some 27% down from January 2022. Over the next couple of years, the overall long term trend for plugin powertrains in Sweden will of course remain “up and to the right”. year on year. comprised 28.9%

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Tata AutoComp’s ‘Make in India’ push for EVs | Autocar Professional

Baua Electric

Charging ahead Established in 1995, Tata AutoComp has grown confidently over the past two-and-a-half decades, with 16 legal entities and nine successful joint ventures with global auto component specialists at present. The company was the second biggest auto component maker in India. Tata AutoComp ended FY23 with a turnover of USD 1.9

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