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Li-ion maker Boston Power secures US$290M from two local Chinese governments for expansion

Green Car Congress

The company’s Liyang facility will receive a total investment of $160 million, increasing its manufacturing capacity fivefold by 2016. The company’s Tianjin facility will grow its capacity to 4GW by 2017, and is expected to reach 8 GWh in manufacturing capacity by 2018. —Sonny Wu, chairman of Boston Power.

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IDTechEx forecasts growth in electric bus and taxi market to $54B in 2021; buses the majority, China largest market

Green Car Congress

A new report from IDTechEx , “Electric Buses and Taxis 2012-2022”, projects that the market for electric buses and taxis at ex-factory prices will rise 8.7 China will become by far the largest market for both electric buses and electric taxis. times from $6.24 billion in 2011 to $54 billion in 2021.

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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

During rush hour, the skies over a large city, such as Dubai or Madrid or Los Angeles, would swarm with hundreds, and eventually thousands, of eVTOL “air taxis.” To clear an aircraft for commercial flight, the FAA actually requires three certifications: one for the aircraft itself, one for its operations, and one for its manufacturing.

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Earlier today, Reuters reported that the automaker had ditched its efforts to develop the car and would look instead at developing autonomous taxis on the platform that would have underpinned it. It now seems that Tesla is following suit, despite repeated promises that it would develop a mass-market EV at a reasonable price.

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IDTechEx calculates ~31 GWh of electric vehicle markets beyond cars in 2021

Green Car Congress

Electric Air Taxis/ Electric Vertical Take-off & Landing (eVTOL) - The future of electric air taxis, or electric vertical take-off and landing (eVTOL), is perhaps the most uncertain due to high regulatory barriers as well as technical. Battery Demand From Non-automotive EV Sectors in 2021. Today, subsidies have been greatly reduced.

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London’s first all-electric taxi fleet coming from April 2013

Green Cars News

London could soon see the arrival of its first all-electric taxi fleet after one of the capital’s minicab services sealed a deal with Chinese EV manufacturer BYD.

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