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BYD introduces fifth brand to focus on professional and personalized new energy vehicles

Green Car Congress

BYD has introduced its fifth brand—Fang Cheng Bao—to meet the increasingly personalized needs of consumers by offering a series of unique and professional-grade new energy vehicle models. However, from BYD, we believe this is only a minor part of the whole transition, and a greater realm is unfolding.

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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

Green Car Congress

Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., The technological focus is on significant increases in range through advances in energy density and the reduction of charging times. including taking an equity stake.

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ABB electromagnetic stirrers to increase efficiency for major Chinese steel manufacturer

Green Car Congress

ABB has been chosen to supply its patented ArcSave electromagnetic stirrers as part of a substantial refit at leading Chinese iron and steel producer Guangdong Nanfang Donghai’s steelmaking plant in Guangdong Province, southern China. The solution also reduces consumption of electrical energy by three to five percent.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

The US Department of Energy (DOE) is awarding a combined $2.8 Anovion, with its partners, collaborators and stakeholders, will build 35,000 tons per annum of new synthetic graphite anode material capacity for lithium-ion batteries used in electric vehicles and critical energy storage applications. Earlier post.) Of that, $1.6

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ABB E-mobility increases majority stake in Chinese EV charging provider Chargedot to 80%

Green Car Congress

ABB has increased its majority stake in Chinese electric vehicle (EV) charging provider Chargedot Shanghai New Energy Technology Co. The additional investment is part of ABB E-mobility’s growth strategy and further strengthens ABB’s position in the rapidly growing Chinese e-mobility market. fold increase on 2020.

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Tesla CEO Elon Musk meets with Chinese Foreign Minister during China visit

Teslarati

And as per a recent statement from the Chinese Foreign Ministry, one of the first things that Musk did upon arriving in the country was meet with Foreign Minister Qin Gang in Beijing. The Chinese Foreign Ministry posted a summary of the CEO and official’s meeting. True to recent reports, Tesla CEO Elon Musk has arrived in China.

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Europe may slap retroactive tariffs on Chinese EVs

Baua Electric

Possible “remedies” on the table include retroactive tariffs on Chinese EVs. Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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