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Hyundai Motor partners with regional firms to establish H2 fuel cell commercial vehicle ecosystem in China

Green Car Congress

Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai believes China has a massive potential for hydrogen powered commercial vehicles. Hyundai believes China has a massive potential for hydrogen powered commercial vehicles.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. The most global refining capacity under development is in China. In the United States, refining capacity has decreased by about 1.1

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

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China-based Xpeng Motors has closed a US$400-million Series C capital funding from a group of strategic and institutional investors. among electric vehicles in the latest China New Car Assessment Program (C-NCAP) safety test. Xpeng Motors is headquartered in Guangzhou, China. Xpeng Motors achieved numerous milestones this year.

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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

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Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 billion convertible issue from waste-to-energy specialist China Everbright International and a $311-million IPO by US fuel cell developer Bloom Energy. In 3Q, Chinese solar investment was $14.2

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WiTricity raises $34M in venture capital, including strategic investment from Mitsubishi

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This financing round comes on the heels of continued WiTricity business momentum. WiTricity also worked closely with the CEC to support the ratification of the Chinese national GB standard (GuoBiao) for wireless EV charging. —Mitsumasa Icho, Executive Vice President, Group CEO, Urban Development Group, Mitsubishi Corporation.

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

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a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.

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EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

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Consumption of gasoline in China grew from 0.9 This continues a trend of significant growth in China’s transportation sector since the 1990s. Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. China vehicle sales and gasoline consumption.