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Japan’s EV reluctance claims first casualty: Mitsubishi suspends business in China

Electrek

Mitsubishi Motors revealed this week it’s suspending operations in China due to its inability to keep up as EVs continue to take over the market. more… The post Japan’s EV reluctance claims first casualty: Mitsubishi suspends business in China appeared first on Electrek.

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Renault-Nissan-Mitsubishi becomes lead investor in China autonomous driving company WeRide.ai

Green Car Congress

Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has become the lead strategic investor of WeRide.ai (formerly JingChi.ai), China’s leading autonomous driving company focused on Level 4 (L4) self-driving technology, following completion of the company’s Series A funding. The investment in WeRide.ai

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Mitsubishi Electric’s new energy-management technology optimizes EVs as storage batteries; tests in China

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Mitsubishi Electric Corporation has developed a technology for efficiently managing photovoltaic (PV) and other power-generation systems and also the charging/discharging of electric vehicles (EVs) parked on company campuses. This November, Mitsubishi Electric and its affiliate Mitsubishi Electric (China) Co.,

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Mitsubishi Chemical strengthens production capacity of graphite anode materials in China; possible production in Europe and US

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Mitsubishi Chemical Holdings Group (MCHG) will increase the production capacity of natural graphite anode material from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei and affiliated company Qingdao Lingda Kasei. The production line is scheduled to start operation in the first half of fiscal 2023.

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

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Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities.

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Bosch and Mitsubishi team up with Blue Park Smart Energy to develop business models for battery swapping; pilot in China

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Bosch and the Mitsubishi Corporation, with Blue Park Smart Energy (BPSE), are partnering to create Battery as a Service (BaaS) innovations. A pilot project in China is now working on business models for efficient battery swaps. Around 15 million fleet vehicles are going to be electrified in China alone.

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Ube Industries and Mitsubishi Chemical to form 50-50 Li-ion battery electrolyte JV in China

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and Mitsubishi Chemical Corporation have agreed to a tie-up for their electrolyte businesses in China under a 50-50 joint venture to supply highly competitive electrolyte to the market. Ube Industries and Mitsubishi Chemical will apply for approval from government authorities in China and other relevant countries.