Tag: investment

Nov 22, 2022 - 01:34 pm

SVOLT to hit the Chinese stock exchange

The battery cell manufacturer SVOLT, which emerged from the Chinese carmaker Great Wall, has applied for its IPO in China. The listing on the Star Market technology exchange is expected to bring SVOLT 15 billion yuan (around 2 billion euros).

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Nov 10, 2022 - 12:37 pm

Lucid doubles turnover in Q3 of 2022

The US electric car manufacturer Lucid Motors achieved a turnover of $195.5 million in the third quarter of this year. That is about twice as much as in the second quarter. There is also news about the timetable for the Gravity electric SUV.

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Nov 9, 2022 - 03:33 pm

WeLion collects €200 million in funding

The Chinese battery manufacturer WeLion has closed a series D financing round of 1.5 billion yuan (206 million euros). WeLion intends to invest the capital in expanding its production and research and development activities.

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Nov 9, 2022 - 12:44 pm

Musk sells almost $4 billion in Tesla stocks

Elon Musk has dumped another 19.5 million Tesla shares worth $3.95 billion. Musk now still holds around 14 per cent of Tesla. The value of Tesla shares has fallen to its lowest level in almost a year and a half.

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Nov 8, 2022 - 01:12 pm

Foxconn increases investment in Lordstown Motors

The Taiwanese contract manufacturer Foxconn is investing a total of up to 170 million US dollars in the US electric car start-up through the purchase of ordinary shares and newly created preference shares. This brings Foxconn’s stake in Lordstown Motors to almost 20 per cent.

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Nov 7, 2022 - 04:13 pm

Verkor secures €250 million in financing

French battery specialist and Renault partner Verkor has secured more than €250 million in financing. The fresh capital, which comes from the European Investment Bank among others, will flow into the company’s technology and innovation centre in Grenoble called Verkor Innovation Center (VIC).

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Sep 30, 2022 - 05:29 pm

Geely joins Aston Martin

Chinese company Geely has taken a stake in Aston Martin. Their investment is part of a £654 million capital raise for the British premium car brand. According to a terse statement from Aston Martin, Geely joins existing investors such as Mercedes-Benz in the Public Investment Fund.

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Sep 28, 2022 - 12:44 pm

LiveWire hits the New York stock exchange

Harley-Davidson has completed the announced IPO of its electric motorbike brand LiveWire via a SPAC merger with the exchange shell AEA-Bridges Impact Corporation (ABIC). In addition, the second series model Del Mar can be reserved again.

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Sep 6, 2022 - 11:50 am

Solar EV startup Lightyear raises €81 million in funding

Lightyear has raised €81Mn in funding to secure the production of the first series model, Lightyear 0. The Dutch start-up also hopes to push ahead with developing its second solar car, the Lightyear 2. The new EV will target the mass market at a price of €30,000 once production begins in 2024 or 2025.

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Aug 4, 2022 - 01:21 pm

Nexeon raises over $200m for silicon-anode production

British battery developer Nexeon secured over 200 million dollars to fund battery materials manufacturing. The company speaks of soon making “tens of thousands of metric tonnes” of its silicon-based anode materials and mentions supplying Tier 1 OEMs.

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Aug 1, 2022 - 01:26 pm

Webasto seeks investor for EV charging division

German automotive supplier Webasto is looking for a partner and investor in its business with charging equipment for electric cars. Still, according to local media, Webasto does not want to sell its complete charging division.

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Jul 21, 2022 - 12:38 pm

ZeroAvia: Investors zoom in on hydrogen-electric jets

ZeroAvia has announced another $30 million in funding at the Farnborough International Airshow with new investors Barclays Sustainable Impact Capital, NEOM, and AENU coming on board. The capital increase brings the Series B round to $68 million (€66.7Mn).

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Jun 29, 2022 - 01:17 pm

Northvolt confirms plans for IPO in next two years

The Swedish battery wunderkind Northvolt has confirmed plans to go public within the next two years. The battery cell company backed by Volkswagen or BMW was “well-positioned” for an initial public offering, Chairman Carl-Erik Lagercrantz said in an interview.

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Jun 13, 2022 - 02:17 pm

CATL looking to gain billions by floating new shares

China’s battery giant CATL is looking to collect billions on the stock market. According to Bloomberg News, the company has kicked off a private placement that could raise about 45 billion yuan ($6.7Bn; €6.4Bn). The fresh capital is to finance expansion and R&D.

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Jun 10, 2022 - 01:52 pm

ION Storage announces $30Mn funding round

US solid-state lithium-ion battery developer ION Storage Systems has announced the initial closing of its $30m series A fund-raising round. The company welcomed investments from Toyota Ventures, Tenaska, Bangchak Corporation and others.

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Jun 9, 2022 - 02:12 pm

Siemens buys into wireless charging tech by WiTricity

Siemens has acquired a minority stake in wireless charging specialist WiTricity for 25 million dollars (€23.3Mn). The companies will work together to drive the adoption of open, interoperable standards, while Siemens also becomes Witricity’s licensee.

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Jun 3, 2022 - 02:02 pm

EIT InnoEnergy invests in Pure Battery Technologies

Pure Battery Technologies (PBT), an Australian specialist in cathode materials for use in electric car batteries, has received an investment from WIT InnoEnergy. The money will be used to finance the establishment of industrial mass production in Germany.

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Jun 1, 2022 - 12:25 pm

Porsche invests more in Rimac

Porsche has participated in another financing round of the Croatian electric car manufacturer Rimac. Porsche is investing a double-digit million euro sum in Rimac as part of the 500 million euro Series D round.

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May 31, 2022 - 01:35 pm

Manz invests in Customcells Tübingen

Manz has acquired a 40 per cent stake in Customcells Tübingen GmbH. One focus of the cooperation between the engineering company and the battery cell manufacturer is the development of production capacities for lithium-ion battery cells for customers in the aviation sector.

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Found on electrive.com
https://www.electrive.com/2022/11/22/svolt-to-hit-the-chinese-stock-exchange/
22.11.2022 13:57