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Li-ion maker Boston Power secures US$290M from two local Chinese governments for expansion

Green Car Congress

The company’s Tianjin facility will grow its capacity to 4GW by 2017, and is expected to reach 8 GWh in manufacturing capacity by 2018. The expansion of these facilities will allow Boston Power to meet the growing demand by leading Chinese automakers in the Yangtze River Delta and throughout the Bohai Gulf in Northern China.

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Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

London 170
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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

PEV Sales in China by segment: 2012-2017. Pike projects the PEV market in China will grow at a compound annual growth rate (CAGR) of 60% from 2012 to 2017, surpassing 152,000 units sold annually by 2017. Source: Pike Research. Click to enlarge. Battery-electric (BEVs) will outsell. Battery-electric (BEVs) will outsell.

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China Ministry of Transport targeting 300,000 new energy vehicles on roads by 2020

Green Car Congress

Xinhua reports that the Chinese Ministry of Transport (MOT) is targeting 300,000 new energy vehicles on China’s roads by 2020: 200,000 new energy buses and 100,000 new energy taxis and city logistics delivery vehicles.

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NEVS and DiDi partner up for future mobility; EV optimized for DiDi services

Green Car Congress

Tianjin Bin Hai Hi-tech Industrial Development Area (THT) and State Research Information Technology Co., In January 2017, the Chinese government approved NEVS’ application to start production of electric vehicles in its manufacturing plant in Tianjin. In March 2017, DiDi launched DiDi Labs in Mountain View, California.

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BYD’s home city in China now has more supercharging plugs than gas pumps

Baua Electric

Photo: Shenzhen Government Online Shenzhen, the home of Chinese EV giant BYD, says it’s become the first in China to have more supercharging plugs than gas pumps. They’ve been conveniently sited in commercial complexes, bus stops, and industrial parks. The city of 12.5

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Volkswagen Group, Google partnering on quantum computing; traffic optimization, batteries, AI

Green Car Congress

Volkswagen’s collaboration with Google marks the beginning of quantum computing in the automotive industry, and is a paramount step to addressing modern mobility challenges unlikely to be solved with binary digital electronic computers. This architecture is suitable for many experimental computing operations. Earlier post.).

Google 150