Search Results for "EV"

EV startup Sitech closes Series B funding round, almost reaches unicorn status
EV startup Sitech closes Series B funding round, almost reaches unicorn status

Sitech on May 16 announced the completion of a Series B funding round, which is led by an industrial investment fund of Changshou District in Chongqing. Up until now, the startup is valued at over RMB10 billion, almost reaching a unicorn status.

May 16 , 2019
CATL signs EV battery deal with Volvo Cars
CATL signs EV battery deal with Volvo Cars

China’s power battery maker Contemporary Amperex Technology Limited (CATL) has signed a cooperation agreement with Volvo Cars to supply electric car batteries for the latter’s next-generation EVs and Polestar cars, CATL announced on May 15.

May 15 , 2019
Passenger Plug-In EV Car Sales In Europe In Q1 2019 By Country
Passenger Plug-In EV Car Sales In Europe In Q1 2019 By Country

According to new registration data from the European Automobile Manufacturers Association for most of the countries in the European Union plus EFTA (Norway + Switzerland), the plug-in electric car market is growing at a healthy pace.

May 14 , 2019
EV startup Byton to complete C financing round around midyear 2019
EV startup Byton to complete C financing round around midyear 2019

EV startup Byton the startup disclosed that its ongoing Series C financing round is expected to be completed around midyear of 2019.

May 8 , 2019
GAC Toyota to increase capacity by 400,000 NEVs per year with RMB11.329 billion investment
GAC Toyota to increase capacity by 400,000 NEVs per year with RMB11.329 billion investment

GAC Toyota, one of Toyota’s major joint ventures in China, is ready to plow RMB 11.329 billion (around $1.644 billion) into a program for new energy vehicle (NEV) capacity expansion, according to an announcement released on May 6 by GAC Group.

May 7 , 2019
Hainan Province to remove NEV local subsidy from June 26
Hainan Province to remove NEV local subsidy from June 26

The government of China’s Hainan Province recently announced that consumers who buy new energy vehicles (NEVs) with license (excluding buses and fuel cell vehicles) will no longer enjoy the subsidy offered by local government from June 26 on.

May 6 , 2019