Swiss electronics company ABB has acquired a majority stake in Chargedot, a Chinese EV charging provider. Chargedot supplies AC and DC charging stations, as well as an accompanying software platform. ABB offers services and products such as grid distribution and charging points. Tarak Mehta, President of ABB’s Electrification business, said, “With China forging ahead in… Read more »
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Chinese EV startup NIO to cut 1,200 staff
Chinese EV maker NIO plans to reduce its workforce by at least 1,200 by the end of September, CEO Li Bin revealed in an internal e-mail (as reported by Gasgoo). Bin said NIO will retain roughly 7,500 staff after the cut. The layoffs are part of the company’s recent efforts to control cost, improve operation… Read more »
Chinese EV startup Seres delays US launch of electric crossover
Chinese EV startup Seres (formerly SF Motors) has selected a new co-CEO, James Taylor, and announced that it will delay the launch of its SF5 EV crossover in the US. Speaking to a visiting group from China, Taylor, a former senior executive at GM, said the company’s R&D is still led by its Silicon Valley… Read more »
BYD and Toyota partner to develop sedans and SUVs for the Chinese market
Chinese EV maker BYD and Toyota have signed an agreement for the joint development of electric vehicles. The two companies will develop sedans and low-floor SUVs as well as the onboard batteries for these vehicles and others. They aim to launch the new models in the Chinese market under the Toyota brand in the first… Read more »
Two Chinese firms launch production of single-wall carbon nanotube battery additive
Chinese chemical manufacturers Haiyi and East Chem are launching local production of OCSiAl’s TUBALL BATT, a single-wall carbon nanotube (SWCNT) additive for silicon anodes for EVs. SWCNTs are designed to improve battery performance and cycle life when added into the silicon anode. Haiyi and East Chem aim for a combined annual production volume of 7,000… Read more »
Hubject partners with four Chinese network operators, adding 35,000 chargers to its eRoaming network
Hubject, the Berlin-based company that has developed an interoperability platform for EV chargers, has signed agreements with Chinese charging network operators CarEnergyNet, YKCharge, EVCDX, and Kakuka, adding more than 35,000 chargers to its eRoaming network. Based in southern China’s Shenzhen, CarEnergyNet operates nearly 10,000 charging points. YKCharge, headquartered in central China, has deployed more than… Read more »
VW introduces electric SUV for Chinese market, with wireless charging and Level 4 autonomy
Underlining global automakers’ increasing focus on China, Volkswagen unveiled a new electric SUV based on the I.D. Roomzz concept at the Shanghai auto show. It’s VW’s second electric crossover concept, following the smaller Crozz, which debuted two years ago in Shanghai. The production I.D. Roomzz will be a three-row, seven-seat model that will “launch initially”… Read more »
Faraday Future signs $600 million agreement with Chinese game company The9
The9, a Chinese online game company, has signed a joint venture agreement with California EV startup Faraday Future to manufacture and sell the company’s EVs in China. The immediate goal of the agreement is to manufacture and sell Faraday Future’s V9 model, a luxury vehicle to be based on Faraday’s first production vehicle. Under the… Read more »
Alliance Ventures invests in Chinese charging platform startup PowerShare
Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi, has invested an undisclosed amount in PowerShare, an EV charging platform startup based in China. PowerShare, which received investment from BP Ventures just weeks before this latest investment, offers an online platform that connects EV drivers, charge point operators, and power suppliers. The startup’s cloud-based system enables… Read more »
BP invests in Chinese charging platform PowerShare
BP Ventures has invested in Powershare, a Chinese provider of integrated hardware and software for EV charging, during a Series A funding round. PowerShare offers an online platform that connects drivers, charge point operators, and power suppliers. The company’s cloud-based system allows power suppliers to continuously monitor the power demand from vehicles and balance it… Read more »