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Tesla uses LFP batteries for China-made Model Y SR, new documents reveal

Teslarati

Tesla’s Standard Range Model Y has finally been approved for sales and production in China, just days after the automaker started allowing orders of the all-electric crossover in one of the company’s most important markets. Many variants that have donned the SR tag, like the Model 3 SR+, have topped out at 263 miles.

China 122
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Global Power Company AES Raises $1.58B Through Stock Sale to China Investment Corp; Approx. 15% Stake

Green Car Congress

Global power company AES Corporation entered a binding stock purchase agreement with a wholly owned investment subsidiary of China Investment Corporation ( CIC ) to raise $1.58 per share for an approximate 15% stake in the company. per share for an approximate 15% stake in the company. Tags: Brief.

Global 170
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Sichuan Tengzhong To Purchase HUMMER From GM

Green Car Congress

confirmed that the China-based industrial machinery group will acquire the rights to the premium off-road HUMMER brand, along with the existing senior management and operational team. GM had earlier announced the signing of a memorandum of understanding on the sale, without identifying the prospective buyer. Tags: Brief.

Hummer 207
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Smartphone builder Xiaomi’s first EV coming in Q2 and looks to capitalize on 20M current users

Baua Electric

Long before any entry into building EVs, Xiaomi was a household name in China, manufacturing a myriad of electronics based on an Internet of Things (IoT) platform. Following a decline in smartphone sales, the consumer electronics specialist began exploring new outlets to maintain its cash flow as an international manufacturer.

Chery 52
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Tesla Model Y can cost well over $180K in Singapore – but it’s still selling well

Teslarati

But despite its steep price tag, the all-electric crossover seems to be well on its way toward becoming one of the world’s best-selling cars, just as CEO Elon Musk predicted. China, where Gigafactory Shanghai is located, is the country where buyers can get the cheapest Model Y at 288,900 yuan ($40,500).

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J.D. Power forecasts hybrid- and battery-electric vehicles will represent 7.3% of global auto sales in 2020

Green Car Congress

Power forecast of hybrid-, plug-in hybrid- and battery-electric vehicle global sales through 2020. Power and Associates estimates combined global sales of hybrid-electric vehicles (HEVs), plug-in hybrid-electric vehicles (PHEVs) and battery-electric vehicles (BEVs) will total 5.2 Breakdown of Global HEV and BEV Sales by 2020.

2020 250
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Ford Reaches Definitive Agreement to Sell Volvo Cars and Related Assets to Geely

Green Car Congress

Left to right: Stephen Odell, CEO of Volvo Cars; Li Shufu, chairman of Zhejiang Geely Holding Group Company Limited; Lewis Booth, Ford’s chief financial officer. Ford Motor Company has entered into a definitive agreement to sell Volvo Car Corporation and related assets to Zhejiang Geely Holding Group Company Limited.

Volvo 244