The ministry had said in April 2020 that subsidies for NEV would be cut from 2020 to 2022 by 10%, 20% and 30% respectively. BEIJING: China will cut its subsidies on new energy vehicles (NEV), such as electric cars, by 30% next year, the Finance Ministry said on Friday. The Ministry said on its website… Continue reading China to cut new energy vehicle subsidies by 30% in 2022
Tag: Electric vehicles
Tesla recall of nearly half a million electric cars includes China
SAN FRANCISCO (Reuters) — Tesla is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said on Thursday. The National Highway Traffic Safety Administration (NHTSA) has been discussing another camera issue with the… Continue reading Tesla recall of nearly half a million electric cars includes China
The Morning After: 2021’s winners in tech
Happy almost new year! We’re wrapping up 2021 with some of the big winners of the last twelve months, whether that was NFTs (ugh), the metaverse (double ugh), Apple’s change of direction on device repair or the boom in home workout tech. We also mention Samsung’s Galaxy Z Flip 3, which makes the most compelling… Continue reading The Morning After: 2021’s winners in tech
Tesla (TSLA) Recalls 475K Plus US Cars Over Potential Defects
Tesla Inc. TSLA is recalling more than 475,000 cars in the United States. The electric vehicle (EV) maker confirmed that it is recalling 356,309 vehicles because of a defective rear-view camera, affecting 2017-2020 Model 3 cars. Another 119,009 Model S vehicles are being recalled because of potential problems with the front trunk or boot. Per… Continue reading Tesla (TSLA) Recalls 475K Plus US Cars Over Potential Defects
China’s Tencent builds stake in UK digital bank Monzo
Dec 31 (Reuters) – Chinese gaming and social media company Tencent Holdings Ltd (0700.HK) has taken a small stake in Britain’s Monzo as part of a fundraising, the digital bank said on Friday, just weeks after it fetched a valuation of $4.5 billion. Monzo did not disclose details of Tencent’s stake, but Sky News earlier… Continue reading China’s Tencent builds stake in UK digital bank Monzo
Reliance acquires UK-based sodium-ion battery company, to accelerate EV offering
Reliance New Energy Solar (RNES), a wholly-owned subsidiary of Reliance Industries has signed a definitive agreements to acquire 100% shareholding in UK-based Faradion, a leading company working on sodium-ion battery technology for GBP 100 million (Rs 905 crore). In addition, RNES will also invest GBP 25 million (Rs 227 crore) as growth capital to accelerate… Continue reading Reliance acquires UK-based sodium-ion battery company, to accelerate EV offering
China Yuchai Launches China’s First Operating Hydrogen Engine for Commercial Vehicles
SINGAPORE, Dec. 31, 2021 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”) a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), announced today that the Company’s YCK05 hydrogen-powered engine achieved stable ignition and operation… Continue reading China Yuchai Launches China’s First Operating Hydrogen Engine for Commercial Vehicles
Tesla recalls more than 650,000 cars in China and the United States
Posted on Dec. 2021 at 11:39 As of Thursday, more than 350,000 Model 3s and nearly 120,000 Model Ss have been recalled by Tesla in the United States. This Friday, it is China that is concerned: the electric car giant is recalling nearly 200,000 vehicles sold in the Middle Kingdom, due to a possible problem… Continue reading Tesla recalls more than 650,000 cars in China and the United States
Tesla recalls some model 3 and model S vehicles in China
BEIJING, Dec 31 (Reuters) – China’s market regulator said on Friday that Tesla Inc (TSLA.O) will recall 19,697 imported model S vehicles, 35,836 imported model 3s, and 144,208 China-made model 3 vehicles in China. Tesla is recalling these electric cars produced during certain period of time due to possible security risks, according to a post… Continue reading Tesla recalls some model 3 and model S vehicles in China
Neo Battery Promotes Establishment of Metal Silicon Plant in Korea.
Neo Battery Materials will build a metal silicon factory in Korea. Metal silicon is a basic material for secondary batteries. Applying metal silicon to the anode material, which is a battery material, increases energy capacity. It was known on the 30th that Neo Battery Materials is to establish a new metal silicon plant in Gyeonggi… Continue reading Neo Battery Promotes Establishment of Metal Silicon Plant in Korea.