QCCIG And Seven Stars Investment Group To Raise Funds To Finance EV Sales in Qingdao and Shandong Province
The Qingdao City Construction Investment Group Limited (QCCIG) has entered into framework strategic cooperation agreement with Sun Seven Stars Investment Group Limited (SSSIG) to raise up to RMB 50 Billion (USD 7 Billion) fund to finance investment projects in Qingdao and Shandong…
March 2020 Delivery Update Provided By NIO Inc.
SHANGHAI, China, April 07, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its March 2020 delivery results. NIO delivered 1,533 vehicles in March 2020, representing a…
Automotive Alternator Market Expected To Grow With A CAGR Of Over 6.02% Globally (Forecast Period, 2020-2025)
The automotive alternator market is expected to register a CAGR of over 6.02%, during the forecast period, 2020 – 2025. The growing demand for hybrid powertrain systems in vehicles and stringent emission norms are the major factors propelling the automotive…
EV Manufacturers And Buyers In China Find Relief In Extended New Energy Vehicle Subsidy
Chinese Premier Li Keqiang announced that the country would extend “New energy vehicle” subsidies for two additional years. The extension aims to combat economic downturns that have arisen from the halting of vehicle production as a result of the COVID-19…
EV Startup Zypp Installs Twenty Battery Swapping Stations In Delhi-NCR
The green tech startup Zypp on Monday made its foray in battery swapping for electric vehicles, the company said in a press release. It has installed 15 battery swapping stations in Gurugram. As per the release, the users can use…
Tesla Delivers Highest First Quarter Electric Car Sales Despite Covid-19
Tesla stock soared 17% in after hours trading on Friday following the release of recorder first quarter deliveries for Q1 2020 on Thursday. Tesla said more than 88,000 electric vehicles in total were delivered in the first quarter, 76,200 of…
GreenPower Motor To Collaborate With Momentum Dynamics To Develop Wirelessly-Charged Electric Buses
GreenPower Motor Company Inc. (GreenPower) and Momentum Dynamics have entered a three-year OEM agreement to develop and sell wirelessly charged, purpose-built, all-electric transit vehicles. The first vehicle to integrate Momentum Dynamics’ high-power wireless charging will be GreenPower’s flagship model, the…
The Sharing Economy Faces Worst Hit In The Pandemic
The global pandemic keeping well over a billion people inside their homes has become a stress test for one of the most fascinating corners of the tech industry: the so-called sharing economy. Businesses whose services involve driving people around, renting…
Chinese Electric-Vehicle Maker Backed By Warren Buffett To Supply Electric-Car Parts To Rivals
BYD Co., the Chinese electric-vehicle maker backed by Warren Buffett, will start offering a full suite of EV components to rivals and aspiring auto manufacturers to diversify its revenue sources amid sputtering car demand. Among the parts that the Shenzhen-based…
Ford Mustang Mach-E Orders To Open In Mid-May
Orders for the upcoming Ford Mach-E – the fully electric Mustang – may open as soon as mid-May, new images of the ordering interface that were shared with an online Mach-E forum suggest. The mockup up form also shows a…
