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Evergrande NEV warns risks of production halt if it can't get additional liquidity

CN EV Post

In order to focus its financial resources on supporting the mass production of the Hengchi 5, Evergrande NEV has continued its cost-saving initiatives and has taken measures to reduce the workforce of its Swedish subsidiary National Electric Vehicle Sweden AB, according to the announcement.

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Evergrande NEV puts Hengchi 5 production on hold due to lack of funds

CN EV Post

The model is currently available in only one version, with a starting price of RMB 179,000 ($25,930). The group will plan to launch a number of flagship models if it can seek more than RMB 29 billion in future financing and hopes to get them into mass production, the announcement said.

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Volvo scores massive nearly half a billion loan for its new EV platform

Baua Electric

Volvo gets €420 million loan for a new EV platform Volvo and the European Investment Bank (EIB), the EU’s funding arm, signed a €420 million ($460M) financing agreement Thursday. I think Sweden can be proud of the leading role Volvo Cars is taking in making the automotive industry more sustainable,” EIB vice president Thomas Östros explained.

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Volvo Car Corporation, Ericsson and partners in plug-in vehicle smart on-board charging research project

Green Car Congress

Using the mobile network, the car then communicates with the grid and sets the charging scheme in order to support optimal utilization of the grid and most favorable energy price. The project has been financed by the four partners as well as the region of Västra Götaland and the research foundation of Göteborg Energi.

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Report Finds That Biomass-Derived Ethanol in Europe Could Replace Up to 62% of Gasoline Consumption

Green Car Congress

Transforming agricultural residues into next-generation ethanol and biochemicals could create up to one million jobs in the EU27 by 2020, while theoretically replacing up to 62% of the EU’s forecast fossil-based gasoline consumption, according to a new study released by Bloomberg New Energy Finance with the support of Novozymes and DSM.

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PHEVs sales still strong in Sweden

Push EVs

Murky Incentive Changes January’s low ebb for plugins was said, by industry association Mobility Sweden , to be “a consequence of the high number of new registrations in December ahead of the reduction of the climate bonus from 1st January.” Sweden’s wider economic landscape is also shaping the auto market. No further elaboration.

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Tesla delivered ~5,500 Model S worldwide in Q3, more than 1,000 to European customers; non-GAAP profit narrows and GAAP loss widens from Q2

Green Car Congress

Tesla introduced its lease-sale hybrid financing product for the Model S through one of the company’s specified banking partners at the beginning of Q2. The company is now producing 550 cars per week. GAAP and non-GAAP reporting. Excluding ZEV revenue, non-GAAP revenues grew 18% from Q2. Relative BEV sales position in US.