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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

There was a $1-billion initial public offering by NIO, a $585-million Series C venture capital round by Guangzhou Xiaopeng Motors and a $294-million pre-IPO round by Zhejiang Dianka Automobile. The largest six VC/PE new equity deals of 2018 so far have all involved Chinese electric vehicle firms, including the two mentioned above during 3Q.

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BMW investing €400M in new vehicle assembly at Munich plant as part of shift to electromobility; engine production being concentrated at Steyr and Hams Hall

Green Car Congress

The Chinese plant in Dadong also began producing the BMW iX3 this year. The plants will take advantage of the best options at each location—from solar energy in Oxford, Mexico and China, to biogas in South Africa, to wind power in Leipzig. The expansion of electromobility in the production network continues.

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China become the sector’s biggest car exporter in Q1 2023, surpassing Japan

Baua Electric

069 million automobiles. Japan impaired to be the sector’s eminent car exporter, exporting 1.047 million automobiles within the first quarter of this 12 months. Tesla China, SAIC, Chery, Geely, Stunning Wall Motors, Changan, and BYD are a number of the largest participants to Chinese language car exports. 37 million automobiles.

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Mercedes-Benz running automated test drive in Shanghai; infrastructure peculiarities

Green Car Congress

After the start in Germany, the test vehicle based on the new production S‑Class is now under test in the heavy traffic and exposed to the special national features in the Chinese megalopolis of Shanghai. In addition, there are road signs with Chinese characters and lane markings, which in China have different or even multiple meanings.

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Ford Launches New Fiesta in China

Green Car Congress

The sedan and the five-door Fiesta hatchback are both built at the Changan Ford Mazda Automobile Company manufacturing facility in Nanjing. Pre-sale demand for the car in China has exceeded Ford’s expectations, with several thousand Chinese consumers placing orders ahead of the official launch.

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