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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities. Daimler in China.

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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. Since 2017 Farasis has regularly ranked first in terms of shipments of NCM-based Li-ion pouch cells to the Chinese automotive market.

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Xpeng says it plans to extend into extra Ecu markets upcoming while

Baua Electric

MUNICH – China’s Xpeng plans to extend into extra Ecu markets, together with Germany, Britain and France in 2024, President Brian Gu instructed newshounds on Monday on the IAA Mobility auto display in Munich. The post Xpeng says it plans to extend into extra Ecu markets upcoming while appeared first on Bauaelectric Auto News.

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 The largest six VC/PE new equity deals of 2018 so far have all involved Chinese electric vehicle firms, including the two mentioned above during 3Q. In 3Q, Chinese solar investment was $14.2

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BMW Group to build future MINI E vehicles in China with Great Wall Motor

Green Car Congress

In summer 2018, the 50:50 joint venture agreement was signed in Berlin in the presence of Chinese Premier Li Keqiang and German Chancellor Angela Merkel. Jiangsu is also one of the leading provinces for finance, education and technology. Both partners will together invest around €650 million (more than five billion CNY).

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BYD has no plans to launch EVs in the US, says the market is too confusing for buyers

Baua Electric

According to BYD executive vice president and CEO of BYD Americas, Stella Li, the Chinese automaker has no plans to sell passenger EVs in the US. Li sat down for an interview with Yahoo Finance Anchor Akiki Fujita to discuss the global EV market. Li said automakers need to participate, or they’ll be left behind in the global market.

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Accelerating green wheels: BYD’s EV lease deal with Arval will electrify Europe’s roads

Baua Electric

The Chinese EV automaker is quickly becoming a globally recognized name, recently garnering some serious clout after usurping long-time leader Tesla as the global EV leader by volume. Arval will operate as the Chinese automaker’s white-label leasing partner in Italy, Spain, and Germany. Here we are, talking about BYD yet again.

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