Nuremburg, Germany – Panasonic Automotive & Industrial Systems Europe showcased its latest technology portfolio at PCIM, the main power electronics trade show in Nuremberg from May 16 – 17, 2017. PCIM Europe comprehensively covers the power electronics market. 465 German and international companies from the areas power electronics, intelligent drive technology, renewable energies and energy… Continue reading Panasonic Displayed Advanced Technologies Driving Power Innovation at PCIM 2017 in Germany – Power Electronics Focus
Tag: Electric vehicles
Fiat Chrysler participates in Alliance for robot cars
Wednesday, 08/16/2017 13:26 clock Fiat Chrysler wants to work with you in the future BMW and the US chip specialist Intel Assistance Systems for self-driving cars develop. The Italian-American concern with brands such as Fiat, Chrysler, Jeep and Alfa Romeo joins for it as the first automaker of the alliance founded last year, as the… Continue reading Fiat Chrysler participates in Alliance for
robot cars
Volkswagen To Invest $12B To Launch 40 EV Models In China By 2025
Automotive manufacturer Volkswagen AG has said it will invest over US$12 billion by 2020 with its Chinese partners to launch as many as 40 new electric and hybrid vehicle models in China by 2025. The first of the new models could enter the Chinese market as early as next year, Jochem Heizmann, the head of… Continue reading Volkswagen To Invest $12B To Launch 40 EV Models In China By 2025
BAIC’s Electric Vehicle Unit Raises $1.6B In Series B Round
Chinese car maker Beijing Automotive Group’s (BAIC Group) electric vehicle business unit, BAIC BJEV, has raised a RMB11.1 billion (US$1.6 billion) series B round from 14 investors, including state-owned enterprises China Cinda Asset Management Co., Ltd. and Zhongji Investment, a firm co-founded by the Hebei provincial government. The round values BJEV at RMB28 billion (US$4.2… Continue reading BAIC’s Electric Vehicle Unit Raises $1.6B In Series B Round
China’s Baidu Rumored To Lead $140M Round In Electric Vehicle Start-up WM Motor
Chinese Internet company Baidu Inc. is reportedly leading a new funding round of roughly RMB1 billion (US$140 million) in WM Motor, an electric vehicle start-up founded by Freeman Shen, the former chairman of Volvo Car Group China. Tencent Holdings Ltd., which also backs WM Motor’s rival NIO, is reportedly aiming to co-lead the round, according… Continue reading China’s Baidu Rumored To Lead $140M Round In Electric Vehicle Start-up WM Motor
Ford, Zotye Automobile To Establish China Electric Vehicle Joint Venture
Ford Motor Co has signed a memorandum of understanding with China’s Anhui Zotye Automobile Co., Ltd. to jointly manufacturing all-electric vehicles in China. Under the agreement, a 50-50 joint venture will develop, produce, market and service a new line of all-electric passenger vehicles. The vehicles will be marketed under an indigenous brand name owned by… Continue reading Ford, Zotye Automobile To Establish China Electric Vehicle Joint Venture
China’s Tencent Reported To Lead $1B Round In Chinese EV Firm NIO
Chinese Internet giant Tencent Holdings Ltd. has led a new funding round worth over US$1 billion in NIO, a Shanghai-based electric vehicle company founded by a top Chinese automobile executive. A number of investors including U.K.-based Baillie Gifford, American Lone Pine Capital, China’s CITIC Capital and China Asset Management Ltd. also participated in the round,… Continue reading China’s Tencent Reported To Lead $1B Round In Chinese EV Firm NIO
Tencent, Baidu Lead $600M Round In Chinese Electric Vehicle Maker NIO
Tencent Holdings Ltd. and Baidu Inc. have led a US$600 million funding round in Shanghai-based electric car maker NIO, formerly known as NextEV, according to Chinese media reports citing insiders. IDG Capital, American investment firm TPG, Hillhouse Capital, Lenovo Group Ltd., Singapore-based GIC Private Ltd., and a number of investors also participated in the round,… Continue reading Tencent, Baidu Lead $600M Round In Chinese Electric Vehicle Maker NIO
China Harmony New Energy Auto’s After-Sales Unit Raises $41M
Hong Kong-listed China Harmony New Energy Auto Holding Ltd. has completed a spin-off of an after-sales unit, which has reached agreements to received RMB280 million (US$41 million) from a few strategic investors, according to a disclosure filing. Automobile industry-focused investment firm Leaguer Auto and Aotuo Investment have agreed to invest in Independent Aftersales Company, an… Continue reading China Harmony New Energy Auto’s After-Sales Unit Raises $41M
China’s BAIC Group Launches EV Battery-Swap Station Network In Beijing
A new energy subsidiary of Beijing Automotive Group (BAIC Group) has delivered the first few battery-switch stations for EV taxi in Beijing, as China continues to fight against severe pollution in the country. The stations form the largest network in the world for electric taxi battery charging and swapping, BAIC BJEV said in a statement.… Continue reading China’s BAIC Group Launches EV Battery-Swap Station Network In Beijing