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NIO launches Battery as a Service (BaaS) in China; battery swap system

Green Car Congress

Premium EV manufacturer NIO has launched Battery as a Service (BaaS) for customers in China. With the battery price not included in the vehicle sales price, nor in the finance payments, the costs are significantly lower to switch to an EV. and Guotai Junan International Holdings Ltd., NIO battery swap station.

China 508
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. China, both the world’s largest CO 2 emitter and largest market for clean energy production and consumption, played a crucial role in the story. billion and $2.7

Coal 243
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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

Global 448
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Polestar enters into strategic partnership with Industrial Bank in China

CN EV Post

The two will cooperate globally in credit financing, retail lending, and international business. The post Polestar enters into strategic partnership with Industrial Bank in China appeared first on CnEVPost. For more articles, please visit CnEVPost.

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

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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.

Hyundai 356
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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

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Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Before Geely, Freeman was CEO of Fiat Powertrain China and President of China operations at BorgWarner Inc. Phil is also a member of Pinnacle’s Board of Directors.

Financing 291
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National Electric Vehicle Sweden halts production while it sorts out financing

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National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. Ltd, has not fulfilled its contractual obligation to finance the operations, NEVS said.

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