article thumbnail

Nio to unveil Onvo L60 to launch mass-market EV sub-brand

Teslarati

Chinese electric vehicle (EV) maker Nio is looking to unveil a new model this month under its mass-market brand, along with another, smaller model targeting a sub-$30,000 price tag for one expected to be unveiled next year. billion investment in December from a United Arab Emirates firm called CYVN Holdings.

article thumbnail

Nio garners $2.2 billion investment from UAE fund

Teslarati

billion investment from a firm backed by the United Arab Emirates, as it continues to push to introduce its EVs in additional markets. market , the home country of dominant EV seller Tesla, by 2025. Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2 Nio is aiming to enter the U.S.

UAE 110
article thumbnail

NIO revenues up in Q4 2023, Alps sub-brand to launch in Q2 with a Tesla Model Y competitor

Baua Electric

Chinese EV automaker NIO shared its Q4 2023 report today, followed by an analyst call that included some interesting updates about its plans for the year, expansion to new global markets, and the launch of not one but two EV sub-brands, including Alps. The automaker is also considering selling these new models in other global markets.

article thumbnail

South Korean EV Company to Open Two Production and Distribution Facilities in Pennsylvania

Green Car Congress

As the demand for electric vehicles grows, the Governor said, companies and universities like CMU will be called upon to develop more efficient and economical batteries, while the nation’s electrical infrastructure will need to be upgraded to accommodate vehicles in need of a recharge. The vehicles sell for about $12,000.

article thumbnail

More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

The event was inaugurated by Prime Minister Narendra Modi and had the participation of several heads of state, including the President of the United Arab Emirates (UAE), Mohammed bin Zayed Al Nahyan as the Chief Guest and President Filipe Jacinto Nyusi of the Republic of Mozambique as a special guest. This will lead to 1.7

Green 52
article thumbnail

Electric Vehicle Initiative Launched at Clean Energy Ministerial in Washington DC

Green Car Congress

At the Clean Energy Ministerial in Washington, DC, 19-20 July, ministers reaffirmed their commitment to previously-announced targets for the deployment of electric vehicles, which the International Energy Agency (IEA) estimates will create global market momentum leading to at least 20 million electric vehicles on the road worldwide by 2020.

article thumbnail

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

billion, up 12%, while investment in stationary energy storage technologies such as batteries was $3.6 billion, level with 2019 despite falling unit prices. In 2020, the size of the market increased four times compared to 2016, reaching an estimated $118 billion. Public markets and VC/PE. billion, France 38% up at $7.3

2020 259