Tag: Electric vehicles

Japan group to bring quantum computers to the workplace

TOKYO — Leading Japanese universities and corporations have joined hands with IBM to develop practical quantum computing applications in finance, materials development and the broader business scene. “I believe that Japan will play an important role in implementing quantum computing technology to society ahead of rest of the world, and that industry-academia-government collaboration is necessary… Continue reading Japan group to bring quantum computers to the workplace

Mazda slams brakes on 1.8m auto sales goal after less than a year

TOKYO — Mazda Motor will retract its goal of selling about 1.8 million vehicles worldwide by fiscal 2024 as the Japanese automaker struggles with the impact of the coronavirus pandemic, Nikkei has learned. Mazda’s vehicle sales plummeted by a quarter in the first half of this year, further dimming prospects for reaching the target. The company is expected to announce the… Continue reading Mazda slams brakes on 1.8m auto sales goal after less than a year

Inspired by Tesla, China’s EV startups race for IPO

HONG KONG — Chinese electric vehicle startups are racing for stock market debuts, inspired by a surge of investor interest in Tesla as they seek to beef up balance sheets in the face of strong industry headwinds. Beijing-based Li Auto will make an initial public offering on Nasdaq on Friday to raise as much as… Continue reading Inspired by Tesla, China’s EV startups race for IPO

China’s electric SUV maker Li Auto raises $1.1 billion in U.S. IPO

Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 billion through its debut on Nasdaq on Thursday. The Beijing-based company is targeting a growing Chinese middle class who aspire to drive cleaner, smarter, and… Continue reading China’s electric SUV maker Li Auto raises $1.1 billion in U.S. IPO

Panasonic boosts energy density, trims cobalt in new 2170 battery cell for Tesla

Production to start at Tesla gigafactory in September Kirsten Korosec 13 hours Panasonic has developed new battery technology for the ‘2170’ lithium-ion cells it produces and supplies to Tesla, a change that improves energy density by 5% and reduces costly cobalt content. The new, higher-energy dense 2170 cells will be produced by Panasonic at Tesla’s… Continue reading Panasonic boosts energy density, trims cobalt in new 2170 battery cell for Tesla

ALYI Strategic Financing Outlook Propelled By Surge In EV Investment Interest

DALLAS, July 30, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today highlighted that its video presentation scheduled for tomorrow to detail the company’s strategic financing partnership with RevoltTOKEN enjoys being timed with a market that is very receptive to investment in electric vehicle ventures.  Electric SUV maker Li, just announced raising $1.1 billion. The share… Continue reading ALYI Strategic Financing Outlook Propelled By Surge In EV Investment Interest

GM CEO says spinoff of the automaker’s EV assets not off the table

By Ben Klayman DETROIT, July 29 (Reuters) – General Motors Co Chief Executive Mary Barra said Wednesday “nothing is off the table” when it comes to maximizing the value of the No. 1 U.S. automaker’s electric vehicle efforts, including a possible spinoff of those assets. Speaking to analysts after GM reported a smaller-than-expected loss in… Continue reading GM CEO says spinoff of the automaker’s EV assets not off the table

A Chinese Tesla competitor skyrockets nearly 350% in just 2 days after announcing it will launch vehicles in the US next month (KNDI)

Visual China Group/ Getty Images/ Shares of Kandi Technologies have surged as much as 350% from Tuesday’s close, fueled by the electric-vehicle maker’s announcement that it will launch two of its cars in the US next month.   Kandi Technologies is a Chinese electric-vehicle maker that competes with the likes of Tesla and Nio. On Tuesday, Kandi… Continue reading A Chinese Tesla competitor skyrockets nearly 350% in just 2 days after announcing it will launch vehicles in the US next month (KNDI)

Li Auto IPO: Blazing a Different Trail

As Li Auto’s first investor, what I saw was the practicality of Li Auto’s product strategy. From Day 0, Li Auto made a bold decision to focus on extended-range electric vehicles (EREVs) rather than pure electric models, which was the common strategy adopted by peers. Pure battery electric vehicles face structural challenges currently with limited… Continue reading Li Auto IPO: Blazing a Different Trail