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Chinese auto chip maker SemiDrive closes $140 million Series B+ financing

CN EV Post

The post Chinese auto chip maker SemiDrive closes $140 million Series B+ financing appeared first on CnEVPost. SemiDrive currently has four series of products with an annual output of one million chips. For more articles, please visit CnEVPost.

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LFP Cathodes — Made in Morocco, Financed by China, Exported to the West

CleanTechnica EVs

The USA has effectively locked out Chinese batteries from its domestic market, but what if components like LFP cathodes are made in Morocco, in a factory financed by a Chinese–Korean partnership? Looks like there is more than one way to skin a cat. Sounds complicated, but it might just work, as Morocco has a free […]

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MagREEsource secures €5M in financing; opening first pilot magnet recycling facility in Grenoble

Green Car Congress

MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.

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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. and a CDN$23-million equity offering lead by Sprott Capital Partners LP.

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Visiting Chinese trade official warns EU on greentech probe – ET Auto

Baua Electric

He cited the EU’s investigations into Chinese electric cars, solar panels and wind turbines as examples. He cited the EU’s investigations into Chinese electric cars , solar panels and wind turbines as examples. Earlier this week, Wang was in France where he met French Finance Minister Bruno Le Maire.

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BREAKING: Chinese securities regulator signs audit regulatory cooperation deal with US regulators

CN EV Post

The China Securities Regulatory Commission (CSRC), the Ministry of Finance and the US Public Company Accounting Oversight Board (PCAOB) signed an audit supervision cooperation agreement on August 26, which will be launched in the near future.

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NIO Capital invests in Chinese SiC chip maker

CN EV Post

Image credit: NIO Capital) NIO Capital has invested in a local Chinese silicon carbide (SiC) chip maker as it continues to expand its investments in the new energy vehicle (NEV) industry chain. The module will help upgrade the electrical architecture of NEVs from 400V to 800V and enable NEVs to charge from 0 to 80 percent in 10 minutes.

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