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Comment on Tesla scraps plans for low-cost car amid fierce competition from Chinese EVs, report says by John Hanna

CN EV Post

Just as there are LH drive and RH drive versions of each of Tesla's models, the plan contemplates production facilities that can generate either the steering-wheel-required mass market entry model, or the no-steering-wheel version for robo-taxi use. 8 what's coming sooner than thought even a few months ago.

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Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

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Following the Money in the Air-Taxi Craze

Cars That Think

billion at the apex, the category’s top seven companies together have hauled in more than $5 billion in funding—a figure that doesn’t include private firms, whose finances haven’t been disclosed. With Joby and its $1.85 Even by the standards of big-money tech investment, the vision is giddily audacious.

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BYD and Hertz partnering on EV rentals in China

Green Car Congress

As part of the partnership, Hertz will rent BYD’s e6 electrical vehicle (EV) to Chinese consumers, municipalities and government agencies. The BYD e6 has been in use in Shenzhen taxi fleets for more than a year; the first fleet of 50 e6 taxis have now surpassed 2.5 BYD’s share price fell 14.3% in Hong Kong trading to 16.18

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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

The Chinese government initially overestimated consumer demand for electric vehicles, and has made adjustments to its incentive policies. The HEV cars were sold mostly to individual consumers while PHEVs were sold to taxi fleets in Shenzhen and Beijing, as well as to some. and buses accounting for 27.6% (or more than 2,000 units).

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China’s EV Subsidy

Revenge of the Electric Car

Buyers of electric vehicles will receive up to 60,000 yuan ($8,800), and buyers of certain gasoline-electric hybrids as much as 50,000 yuan, under the two-year program set to start this year in five cities—Shanghai, Hangzhou, Changchun, Shenzhen and Hefei—the ministry of finance said Tuesday. Japan and Europe.

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World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives

Green Car Congress

A newly released report financed by the World Bank and prepared by consultancy PRTM analyzes China’s New Energy Vehicles Program, as well as the Ten Cities, Thousand Vehicles Program, in the context of these megatrends and concludes that the overall value chain shift could favor China from both a technological and supply chain perspective.

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