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The two will cooperate globally in credit financing, retail lending, and international business. The post Polestar enters into strategic partnership with Industrial Bank in China appeared first on CnEVPost. For more articles, please visit CnEVPost.
Often, statements about the electric-car industry by (presumably) highly-paid analysts in the financeindustry are among those things. Take, for example, a statement by one such analyst, contained an article published two weeks ago in Forbes by British journalist Neil Winton.
These are the observations in an in-depth study of the industry by management professors at the University of California, Davis, and Dartmouth College. The article, “The Business of Electric Vehicles: A Platform Perspective,” was published recently in Foundations and Trends in Technology, Information and Operations Management.
This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44). The post IM Motors closes Series A financing as cumulative deliveries reach 1,051 appeared first on CnEVPost. For more articles, please visit CnEVPost.
for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. Akihiro Ueda, CEO, Terra Motors said, “This partnership between Pooja Finelease and Terra Motors will give access to a larger audience and will take care of our North, East and North-Eastern region financing.
The post Chinese auto chip maker SemiDrive closes $140 million Series B+ financing appeared first on CnEVPost. For more articles, please visit CnEVPost. SemiDrive currently has four series of products with an annual output of one million chips.
The article noted that the low-volume production line is being built in a new building in the industrial park where the Nevada Gigafactory is located. […].
An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e.,
billion for its first fund, making the platform the industry’s largest clean hydrogen infrastructure manager. Of this, €800 million has already been committed by a leading group of industrial and financial investors active in clean hydrogen. Hy24 is targeting €1.5 These include: Groupe ADP, Ballard, EDF and Schaeffler.
The China Securities Regulatory Commission (CSRC), the Ministry of Finance and the US Public Company Accounting Oversight Board (PCAOB) signed an audit supervision cooperation agreement on August 26, which will be launched in the near future. For more articles, please visit CnEVPost.
Rivian has reported its first-quarter earnings, showing the company has slightly beat its earnings expectations, bucking the industry trend. According to Yahoo Finance, this contributed to slightly beating investor expectations, set at $657.7 What do you think of the article? million in total earnings, a $1.32
XPeng Robotics, which unveiled its first product last year and brought in an industry veteran, will use its latest financing to ramp up its R&D. For more articles, please visit CnEVPost.
Read more in the article: Putin Backs Russia’s First Electric Car Project. From the article: “Russia’s richest man, Mikhail Prokhorov won early backing from Prime Minister Vladimir Putin for his plan to start mass production of electric cars, Putin’s spokesman said on Tuesday. Tue, Jan 19 2010.
shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. shale industry could be reaching the end of the low-hanging fruit. shale industry could be reaching the end of the low-hanging fruit. Generous financing from Wall Street will ensure that capital is not a limiting factor.
. “Better Place, an infrastructure provider for electric cars founded by former SAP <SAPG.DE> executive Shai Agassi, has raised $350 million in fresh equity as part of a second round of financing. Here is the full text of the article, in case the link goes bad: [link].
Journal article: China to Subsidize Electric Cars. Here’s the text of the entire article, in case the link goes bad: [link]. Government Aims to Create Strong Domestic Industry but Generous Rebates Risk a Backlash as Rich-Poor Divide Grows. Read more in the Wall St. China to Subsidize Electric Cars. By NORIHIKO SHIROUZU.
This begs an interesting question—if the Hyperloop works, how big of a disruptive force would it be for the airline industry? The Hyperloop certainly has other (arguably simpler) market opportunities than moving people, such as disrupting the air freight or trucking industry, but those are issues for another time.
(Image credit: NIO Capital) NIO Capital has invested in a local Chinese silicon carbide (SiC) chip maker as it continues to expand its investments in the new energy vehicle (NEV) industry chain. For more articles, please visit CnEVPost.
billion) in green financing for its first battery gigafactory in Dunkirk , finalising its funding. The financing allows Verkor to fund construction of the plant, which will supply Renault’s premium and Alpine electric models among others. French battery start-up Verkor said on Friday it had secured more than 1.3
Blockchain technology has the ability to change a number of industries. One of the key benefits of blockchain technology is decentralization—its ability to distribute data and computing power across multiple computers in an organization’s network—according to a Yahoo Financearticle. billion by 2026.
Polestar announced today it received financing from two major shareholders, totaling $1.6 This financing round comes only weeks after Polestar announced that it would continue its partnership with Chinese financerIndustrial Bank. No financing deals have been reported with the bank yet.
and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. The Finance Ministry sought a change in the mineral extraction tax formula to generate an additional 609 billion rubles in 2015 and 1.6
October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound. Maintaining access to finance can come at a price. Article Source: [link]. by Nick Cunningham of Oilprice.com.
Developing your technical skills and investing in yourself are great ways to advance from your current position and help you thrive in your industry. To help technical professionals working in industry develop their skills in the latest technologies, IEEE recently launched the IEEE Academies learning paths. Internet of Things.
Artificial Intelligence is transforming industries worldwide, creating new opportunities in health care, finance, customer service, and other disciplines. Here are some skills IT professionals need to stay relevant, as well as advice on how to thrive and opportunities for growth in the industry.
Since 2002, according to the industry association for strippers [ National Stripper Well Association , NSWA], these marginal wells have generated more than 2.9 And that does not include the cost of capital or the cost of employees (these are more than 150,000 jobs in the stripper business across the US according to the industry association).
The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.
Under the cap-and-trade system, industries regulated by it—the largest being power generation, chemicals, steel, and cement—are given limits on their total emissions, and companies can purchase emission reductions from others in lieu of reducing emissions themselves. THE APPROVAL PROCESS. The approval process for carbon offsets has two goals.
Renault India and Bajaj Finance are confident that this collaboration will strengthen their position in the market and reaffirm their shared mission of providing outstanding auto financing solutions to customers. RIPL), the European car brand in India, has partnered with Bajaj Finance Ltd., New Delhi: Renault India Pvt Ltd.
The index points to underlying structural increases in development costs for the broader industry. BP, for example, recently admitted that its finances will not breakeven unless oil trades at roughly $60 per barrel. Link to original article: [link]. But costs still stood 66 percent higher than in 2011.
A combined $19 billion in write-downs was recorded in the last week of October as the oil industry reported third quarter earnings. Spending on deepwater exploration is expected to be cut 20 to 25 percent industry-wide, according to Barclays, substantially higher than the 3 to 8 percent cut for exploration on all varieties of fields.
Finance about Elon Musk, EVs, and shared why he thinks Elon Musk deserves the credit for EVs being popular today. For this article, I’m focusing only on battery-electric vehicles. Finance that his interest in EVs was partially sparked by Elon Musk. I think EV will be the savior of the classic car industry.”
Wendel Dreve and Marion Gilliland have dedicated the past five years to pursing their dream of transforming the corn ethanol industry. In an article “Falling thirst for Fuel Leaves Ethanol Enthusiasts with a Hangover” published on 4 May 2009, The Wall Street Journal summarized three of the challenges traditional corn ethanol faces today.
Micheal is a bit of a renaissance man; author, movie producer, and self-described preacher of the gospel of the longboard, Daniel is a vacation property owner in the Caribbean, Lauren is a successful MBA who has worked in a series of startups, and Shine is a recent US immigrant from Ghana who works in finance for startup businesses.
The program backs automotive companies that offer both green energy initiatives, such as increased fuel efficiency, and new auto industry jobs in the United States. The company lost about $1 billion between 2008 and 2012, according to a Reuters article. Earlier post.) Despite the huge influx of cash, Fisker struggled to stay afloat.
However, that success was briefly interrupted recently with a nearly 5-week-long streak of losses, which Yahoo Finance reports would have been a record for the company since 2021, if not for a solid rebound on Friday. What do you think of the article? Looking forward, many investors wonder if the stock can continue its 5-month trend.
Many companies are reluctant to invest in critical minerals and energy transition projects due to uncertainty about consumer demand for EVs and government commitment to zero-carbon goals , industry players said. Sales of new battery-electric cars in the EU dropped 12% in May from a year earlier.
It’s the application of some of those advanced analytic techniques that we have seen used in other industries, such as finance, that we are looking to bring to the quality-assurance space,” Ménard says. The shift must happen across the entire industry—which is why a consortium is necessary.
We’ve now got some Mo going with: California solar loan financing that will eliminate the big up front cost of solar. SOLAR FINANCING – WHO GETS IT AND WHO DOESN’T. The loans are financed through the sale of assessment district bonds. It’s a slam dunk. NO PURCHASE!
From things as simple as unconfirmed delays in production to things as severe as Elon Musk’s rumored “emerald mine” that apparently financed his entire life, many media outlets take these stories and run with them. Thanks Seriously, it was so insane! Elon Musk (@elonmusk) June 2, 2021.
The Ministry of Finance has written to all Ministries/Departments of the Government of India to replace the petrol and diesel cars hired by them in their Secretariats and attached offices by electric cars for mobility in Delhi. Also, read related article: Vehicle scrappage policy to reduce the cost of EVs says Nitin Gadkari.
billion) in future financing and hopes to get them into mass production, the announcement said. For more articles, please visit CnEVPost. However, Evergrande NEV will be at risk of shutting down production in the event that additional liquidity is not available, the announcement said.
This year is also the first time that Spectrum has figured into the report, with a citation of an article published here about generative AI’s visual plagiarism problem. Since training these models typically requires vast resources, Industry now makes most of them, with academia only putting out a few. But exactly how deep?
In the Clean Energy Act for America (CEAA) proposed legislation, this per manufacturer threshold would be eliminated and replaced with an industry-wide phaseout based on reaching 50% EV sales share. In this part 2 article, we’ll dive deeply into the elimination of the per manufacturer 200,000 EVs sold phaseout.
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