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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

Green Car Congress

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. million in 2030.

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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. million in 2030.

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Horizon Robotics partners with Aptiv and Wind River to advance development of automated driving in China

Green Car Congress

Horizon Robotics , a leading provider of energy-efficient computing solutions for advanced driver assistance systems (ADAS) in consumer vehicles, has formed a strategic partnership with Aptiv PLC and its subsidiary Wind River in China. Journey 2 is designed for low-cost and power-efficient Front ADAS and cabin applications.

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Leclanché and Narada Power sign strategic global alliance for Li-ion technology

Green Car Congress

Swiss battery manufacturer Leclanché SA ( earlier post ) and China-based Zhejiang Narada Power Source Co Ltd, a global battery manufacturer, announced a strategic partnership for the manufacturing and development of lithium-ion battery technology for the Chinese and global markets. GWh fabrication facility in 2017.

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BYD Shatters Records: January 2024 Sales Surge 48% as Global Expansion Accelerates

My Electric Car

BYD, the Chinese electric vehicle (EV) manufacturer, experienced a significant increase in EV sales in January, with sales growing nearly 50% compared to the same month last year. The post BYD Shatters Records: January 2024 Sales Surge 48% as Global Expansion Accelerates appeared first on My Electric Car.

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

Green Car Congress

Shanghai Sunwise New Energy System Co., Shanghai Electric Power will lead investments in constructing hydrogen refueling stations and an electrolytic hydrogen production process using renewable energy as well as propelling a hydrogen production project through Integrated Gasification Combined Cycle (IGCC).

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