Tesla has now officially obtained the license to make and sell electric cars at its Gigafactory 3 in Shanghai, China. Meanwhile, the EV maker sent invitations for its “Cybertruck Unveil” – the long-expected pickup-truck in LA.
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The Chinese electric car startup Xpeng Motors has completed a new financing round to the tune of 400 million US dollars. Xiaomi Corporation has been added as a new strategic investor.
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The Chinese Evergrande Group has invested a further 3 billion US dollars into its Swedish subsidiary NEVS as well as concluding strategic cooperation agreements with no less than 60 suppliers for its electric car plans.
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The Chinese Ministry of Industry has now published detailed guidelines for setting up recycling facilities for batteries of electric cars. The new regulations are likely to pose major challenges for some electric car manufacturers.
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Hyundai Motor America plans to expand its range of electric and hybrid models from the current five to 13 by 2022. According to the Korean manufacturer’s American offshoot, the range will consist of six sedans and seven SUVs.
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Chevrolet has now officially presented its first electric model for the Chinese market. The Chevrolet Menlo EV is an SUV with a range of up to 410 kilometres (in the outdated NEDC), which is expected to be launched in China in the first half of the year.
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Gumpert Aiways Automobile presented the series version of their methanol fuel cell, which works without liquid hydrogen, at the central Chinese importer fair in Shanghai. The first cars are to be delivered in 2020.
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BYD announces another electric bus order from Norway: After the public transport operator Vy Buss recently ordered 55 electric buses from BYD, the public transport operator Unibuss has now ordered 23 battery-electric buses from the Chinese manufacturer.
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VW has released the first renderings of the ID. Space Vizzion and will officially present the concept on November 19 ahead of the Los Angeles Auto Show. The battery-electric station wagon is to be presented as a production vehicle at the end of 2021. Also, VW has started pre-production at its new plant in China, […]
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Tesla intends to increase the number of its service centres in China from 29 to 63 and the number of its fast-charging stations by 39 per cent to 362 units. The Californian company has also increased the charging capacity of Model 3 with the latest software update.
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GAC New Energy Automobile, GAC’s electrified offshoot, has launched the second model of its Aion EV series in China. The new vehicle, the Aion LX, is a purely electric SUV with CATL cells and a range of up to 650 kilometres (NEDC).
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The Volkswagen Group’s core brand VW publishes details on its electric vehicle roadmap in China. To start with, VW wants to deliver 300,000 electrified models to Chinese customers as early as next year. By 2025, the figure is expected to rise to around one million.
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BYD expects its total 2019 profit to fall 43 per cent after the Chinese government’s cut in subsidies led to a drop in sales of electric cars and plug-in hybrids.
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Just a few days after Tesla presented surprisingly good quarterly figures, the electric car company is now showing details on regional business development in a press release to the SEC.
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China’s state-owned energy supplier State Grid has entered into strategic alliances with vehicle manufacturers WM Motor, BAIC, GAC and BYD to make charging cheaper and easier.
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Honda and its joint venture partner GAC, have started selling their first electric model in China. It remains to be seen whether the electric car will also be offered in Europe.
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The Swiss technology group ABB has acquired a majority stake in Chargedot. The Chinese company supplies charging station software to EV manufacturers, charging network operators and real estate developers, among others.
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Renault is planning a modified version of the City K-ZE small electric car offered at competitive prices in China for the European market. However, the price for Europe is still unclear, as is the brand under which the K-ZE will be sold in Europe.
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The Chinese electric car brand Byton has now started production of the pre-production series of its first M-Byte model at its Nanjing plant. The manufacturer says it already has 50,000 reservations for the EV worldwide.
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While Toyota will offer their first high volume battery-electric cars in China next year due to the quotas there, Europeans will have to wait another two to three years before the vehicles are available for purchase.
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After two quarters of losses, Tesla closed the third quarter of 2019 with a profit. While sales were near the level of the previous quarter, the fresh business figures this time show a bottom-line improvement of 143 million US dollars.
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The Chinese automobile industry is facing tough times: due to decreasing sales, several bankruptcies may emerge. Zotye appears not to be in the best shape, long before the state subsidies are set to expire.
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In the two most important markets for e-mobility, new car sales have been slowing, as CAM has stated in its latest issue of the ‘Electromobility Report 2019’. Meanwhile, the Netherlands is turning into the fastest growing PEV economy.
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The Chinese government wants to end state subsidies for fuel cell vehicles by the end of next year, according to the Ministry of Finance.
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The Chinese battery manufacturer CATL and the commercial vehicle brand Volkswagen Caminhões e Ônibus (VWCO) operating in South America have concluded a long-term strategic cooperation agreement.
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Tesla has now integrated the business of the acquired energy storage specialist Maxwell Technologies into its corporate structure. Meanwhile, the cooperation between Tesla and Panasonic is becoming increasingly difficult.
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Vitesco Technologies, the former Powertrain division of Continental, has announced the signing of an agreement to supply the first fully integrated drive system for several PSA and Hyundai mass production models.
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Volvo Cars and its parent company Geely intend to merge the development and production of internal combustion engines and hybrid drives into an independent company to save costs and to focus on the development of an all-electric range of cars.
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StreetScooter has hired former managers from Tesla and Ford to join the executive team of the German electric delivery van manufacturer with immediate effect. German postal services Deutsche Post, however, is again expecting significant losses from its subsidiary this year.
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