0

LeEco is striding forward on its mission to put its electric LeSee “supercar” on roads within three years through securing over $1 billion in funding. LeEco chief executive and founder Jia Yueting said a financing round generated $1.08 billion. It was “the largest in the automobile industry,” according to Yueting as reported in the South […]

+ Read More
0

An additional 20 automakers have violated rules in China’s “new energy vehicle” subsidy program targeted at increasing plug-in electrified vehicle sales. Securities Daily, an official Chinese newspaper, reported today that 20 more companies have committed violations. These include global automakers Nissan and Hyundai, and Chinese makers Geely, JAC Motor, and a subsidiary of electric carmaker […]

+ Read More
0

Daimler will be selling all-electric vehicles with the Mercedes brand in China to tap into the government’s campaign for increasing sales of what it calls “new energy vehicles.” Mercedes-Benz China chief Hubertus Troska said parent company Daimler is “very confident NEVs will be an important factor of the Chinese market.” In an interview with Reuters, […]

+ Read More
0

China’s largest air-conditioning manufacturer Gree will be investing $2 billion in shares to buy a Chinese company that builds electric buses, lithium batteries, and drivetrain components. Gree Electric Appliances will be selling new shares to fund the purchase of Zhuhai Yinlong New Energy Co., Bloomberg reported. Yinlong has been manufacturing batteries for plug-in electrified vehicles […]

+ Read More
0

Chinese electric vehicle maker BYD wants to build its brand recognition equal to what Tesla has been receiving. Advanced bookings for the recently launched Tesla Model 3 has raised concerns for better recognition of BYD’s technological leadership, said Stella Li, BYD’s senior vice president. The maker of the Qin, Tang and Song models, named after three […]

+ Read More
0

China knows it has big emissions problems and has upped the ante yet more toward mandating EVs to the point now it is projected to significantly move the market for aluminum. According to Bloomberg, the nation is now calling for no fewer than 30 percent of all government vehicles to be powered by alternative energy […]

+ Read More
0

Citing the desire to curtail air pollution, the Chinese central government has approved subsidies for buyers of electric cars and commercial buses while reducing the incentives for hybrids and plug-in hybrids. If Americans think President Obama’s goal of 1 million EVs and PHEVs on U.S. roads by 2015 is a stretch, and not likely to […]

+ Read More