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China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

Demand from China’s green energy sector, notably for electric vehicles and power infrastructure, is expected to underpin copper prices. As the country ramps up its economic stimulus, imports of unwrought copper, copper products, and ores are projected to increase in anticipation of higher demand.

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ABB launches first DC fast charger compliant with Chinese GB standard

Green Car Congress

ABB launched Terra 53 Z, its first high power DC fast charger that complies with the Chinese GB standard. With this high power DC fast charger compliant with the GB standard (rated power is up to 50kW), a 20-minute charging session could give a normal electric vehicle enough power to drive another 100 km.

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Li-ion maker Boston-Power adds $30M in funding; China expansion

Green Car Congress

Boston-Power, Inc. Long-standing Boston-Power investors Oak Investment Partners and Foundation Asset Management (FAM) also participated. '. Boston-Power recently broke ground on its new manufacturing site in Liyang. Concurrently, Boston-Power is establishing an R&D and EV battery engineering facility in Beijing.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Boston-Power, Inc., The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Earlier post.).

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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

Mark Little, GE’s Senior Vice President and Director GE Global Research, will join A123Systems’ board of directors. In addition to the private capital, A123 is seeking funds under federal and state stimulus and other programs to ramp up its production capabilities in Michigan. Earlier post.) Earlier post.)

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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

have entered a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. The conventional A380 is powered by a 1.6- ZAP hopes to leverage a stimulus from the government for plug-in forms of transportation. liter Mitsubishi engine.)

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Yardney and Coda Automotive Form JV for US Automotive Li-ion Systems Production; Lishen Expected to Participate

Green Car Congress

Coda Battery Systems LLC submitted a proposal under the stimulus grant program to the Department of Energy on 19 May for funding to build manufacturing at a facility in Enfield, CT. Coda Battery Systems LLC will begin supplying the power battery system for the Coda sedan as soon as the new US facility can be brought on-line.

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