Across China’s 9.6 million square kilometers of land, there was never a shortage of ambition. So too with the electric vehicle revolution. Despite being a late comer to the EV craze, the country’s start-ups are not shy about aiming high. At least half-a-dozen Chinese EV start-ups – not including traditional car makers going green –… Continue reading Five Chinese Electric Vehicle Start-Ups That Could Rival Tesla
Tag: Electric vehicles
Ofo Partners With China Telecom, Huawei To Improve Smart Bike Tech
Beijing-based bike sharing firm ofo has formed a partnership with China Telecommunications and Huawei Technologies Co. Ltd. to improve technology related to smart bikes, which has swept across the nation by storm lately. China Telecom will provide nationwide wireless Internet coverage for ofo, while Huawei will equip ofo bikes NB-IoT (narrow band Internet of Things)… Continue reading Ofo Partners With China Telecom, Huawei To Improve Smart Bike Tech
Faraday Future Scraps $1 Billion Vegas Factory, Downshifts To California Cow Town
Faraday Future, the U.S.-based electric car startup founded by embattled Chinese entrepreneur Jia Yueting, today announced they have signed a lease for a future manufacturing facility for their high-performance electric, autonomous vehicle, named the FF91. But the new facility is not outside glitzy Las Vegas, as originally planned, but in Hanford, California, a hard-scrabble agricultural… Continue reading Faraday Future Scraps $1 Billion Vegas Factory, Downshifts To California Cow Town
LeEco, Tsing Capital-Backed Lucid Motors To Unveil Electric Vehicle
Lucid Motors, a Silicon Valley-based electric vehicle start-up backed by China’s LeEco, Tsing Capital and other investors, plans to reveal a production version of an electric sedan in the U.S. today. The company is accepting orders for the sedan and is slated to begin assembly in late 2018. Lucid will offer its sedan first in… Continue reading LeEco, Tsing Capital-Backed Lucid Motors To Unveil Electric Vehicle
Sequoia, Joy Capital Joins $500M Round In NextEV
Shanghai-based Chinese electric vehicle maker NextEV has reportedly raised US$500 million from Sequoia Capital, Joy Capital and unnamed investors. Chinese media reports say the company plans to produce a more economical and environmentally friendly electric vehicle to rival Tesla in the U.S. China Money Network cannot verify the news and the financing deal value. Founded… Continue reading Sequoia, Joy Capital Joins $500M Round In NextEV
Will Tesla’s China Story Lose Its Charge?
In this episode of China Money Podcast, our host Nina Xiang talks to reporter Viola Zhou, about Tesla Motor’s China expansion and the challenges the innovative American company is likely to face in the world’s largest automobile market. You can read Viola Zhou’s investigative story here, or listen to the audio podcast. Be sure to… Continue reading Will Tesla’s China Story Lose Its Charge?
Tencent-Backed EV Start-Up Future Mobility Eyes $1.7B Nanjing Plant
Future Mobility Corporation, a Chinese electric car start-up backed by Tencent Holdings Ltd. and Foxconn Technology Group, announced plans yesterday to invest RMB11.6 billion (US$1.7 billion) to build a new factory in Nanjing to manufacture its self-developed electric vehicles. The planned project is expected to have the capacity to produce 300,000 cars a year eventually,… Continue reading Tencent-Backed EV Start-Up Future Mobility Eyes $1.7B Nanjing Plant
“The situation is dramatic”
The PSA Group gives the new subsidiary Opel three years, then the Rüsselsheim must write black numbers. For the workforce this means: It will shrink – even without dismissals. PSA boss Carlos Tavares Opel boss Michael Lohscheller Thursday, 09.11.2017 19:38 clock Little time? At the end of the text there is a summary. The tension… Continue reading “The situation is dramatic”
Opel plans conversion to pure electric brand
The car manufacturer Opel has been inaugurated very late in the sales talks of GM and Peugeot, according to manager magazin information. The GM daughter has an alternative plan in the drawer. Opel boss Karl Thomas Neumann in Ampera-e. Wednesday, 15.02.2017 13:20 The board of the car manufacturer Opel is from the Acquisition negotiations with… Continue reading Opel plans conversion to pure electric brand
So threatening are Opel and Peugeot for Volkswagen
After the Opel takeover, PSA will be Europe’s second-largest automaker. The group is a real threat to the market leader VW – especially in the future field of electromobility. TESSON / EPA / REX / Shutterstock Carlos Tavares Monday, 06.03.2017 20:40 PSA boss Carlos Tavares prefers to lead his company with clear goals. The avid… Continue reading So threatening are Opel and Peugeot for Volkswagen