article thumbnail

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

Green Car Congress

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. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China.

Boston 199
article thumbnail

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

Green Car Congress

The agreement with Jonway is part of a multi-phase business plan ZAP is implementing to target the China electric vehicle market. ZAP hopes to leverage a stimulus from the government for plug-in forms of transportation. million vehicles in 2009, according to the China Association of Automobile Manufacturers. ZAP Hangzhou.

China 186
article thumbnail

Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

Green Car Congress

The Chinese government is putting incentives in place to have the market grow. The growth capital and Chinese government incentives are being used to scale manufacturing, research and development, and business development activities in China. Multiple redundant safety features including CIDs, redundant vents, aluminum can.

Boston 265
article thumbnail

When Will EVs Hit Primetime?

Revenge of the Electric Car

Still, Chinese auto-makers hesitate to mass-market their electric models domestically. Chinese green-car subsidies on hold. The uncertainty surrounding Chinese demand for electric cars is tied to subsidies, Mr. Yang says. The firm eTec got $100 million in funding from the US Department of Energy through the stimulus bill.

China 133
article thumbnail

GM: Let's Hash Out Open Plug-In Car Standards

Tony Karrer Delicious EVdriven

From FastLane: In order for plug-in electric vehicles to become part of the mainstream, a plug-in “ecosystem” must be in place when vehicles like the Chevy Volt extended-range electric vehicle hit the market. And for this ecosystem to be robust, there must be commonality, especially when owners are plugging into the electrical grid.

Plug-in 39
article thumbnail

Goodbye GM, Hello Tianjin-Qingyuan Electric Vehicle Company?

Plugs and Cars

At the same time, the value to the economy and environment of a major push for plug-in cars as part of the recovery hasn’t sunk in at the top. While the American government is deep in the morass of Detroit’s legacy, the Chinese leadership may have turned to face the future. Chrysler was told to consummate with Fiat quickly or else.

GM 100
article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

Why hes banking on an obscure Chinese electric car company and a CEO who - no joke - drinks his own battery fluid. The E6 will hit the Chinese market later this year. The deal, which is awaiting final approval from the Chinese government, didnt get much notice at the time. EMAIL | PRINT | SHARE | RSS DIGG FACEBOOK DEL.ICIO.US

BYD 62