Search Results Found For: "NIO"

VW and Northvolt form European Battery Union to advance EU battery research

VW and Swedish battery maker Northvolt will lead a new consortium, the European Battery Union (EBU), which aims to push battery research forward in Europe. Through the EBU, the partners plan to research the entire battery value stream – from raw materials through cell technology to recycling. The group’s prime objective is to accumulate broader… Read more »

Cambridge study reveals fast-charging potential of niobium tungsten oxides

Cambridge research has shed light on the potential of a previously ignored class of electrode material: niobium tungsten oxides. These compounds display several promising properties, including a lack of the dendrite formation which plagues graphite-based designs. They have a relatively large particle size and a structure that allows lithium ions to travel freely. This high transport rate can… Read more »

Clean Energy Credit Union directs investment to green projects including EV loans

The Clean Energy Credit Union (CECU) is now taking savings account deposits and making clean energy loans. CECU received its federal charter from the National Credit Union Administration in September 2017, and completed a soft launch in May, during which it beta-tested its online banking services. CECU is an online-only financial institution that focuses exclusively… Read more »

EV startup NIO files for IPO

NIO, the Chinese EV startup backed by Tencent Holdings, has filed for a US initial public offering, Bloomberg reports. The Shanghai-based carmaker NIO (formerly known as NextEV) has submitted an initial confidential filing with the SEC, according to unnamed sources. The share sale, which could raise as much as $2 billion, is expected to take… Read more »

Chinese EV startup Nio raises $1 billion in new fundraising round

Chinese EV startup Nio, formerly known as NextEV, has raised more than $1 billion in its latest fundraising round, led by existing investor Tencent Holdings, bringing the firm’s valuation to about $5 billion, Reuters reports. Nio, which was founded by Chinese internet entrepreneur William Li in 2014, plans to launch its first production car –… Read more »

Clean Energy Credit Union offers financing for EVs

The National Credit Union Administration (NCUA) has granted a federal charter to a new credit union based in Boulder, Colorado, called the Clean Energy Credit Union (CECU), which will serve members of the American Solar Energy Society (ASES), also based in Boulder. CECU’s mission is to promote clean energy by offering low-cost loans tailored to… Read more »

Novelis to provide aluminum for NIO EVs

Aluminum supplier Novelis has agreed to provide aluminum for NextEV’s line of NIO EVs. NIO will use Novelis Advanz aluminum alloys to create a range of structural components and parts for its electric SUV models, which it plans to launch over the next five years. The aluminum for NIO will come from Novelis’s new $100-million… Read more »

Elon Musk addresses Tesla employees about unionization

Unions and automakers have a long and fraught relationship. As Tesla has begun to evolve into a major automaker, the union has come calling, and Detroit execs are doubtless looking on with sympathy (or schadenfreude?) at the events of the past couple of weeks. Recently, Tesla factory worker Jose Moran claimed in a post on… Read more »

Union Motion’s Phaser Type 1 electric motorcycle

English startup Union Motion specializes in manufacturing custom electric motorcycles and other vehicles to customers’ specifications. The company’s latest creation is the Phaser Type 1, an electric sport bike with a spare, post-modern look. The Phaser Type 1 is based on a Yamaha FZS 600 Fazer. Union Motion started with the bare chassis – frame,… Read more »