Tag: Startup

Jun 9, 2023 - 12:23 pm

NEV registrations continue to rise in China over May

Sales of electric cars and plug-in hybrids in China increased again in May. Around 717,000 of the so-called New Energy Vehicles (NEV) were sold, according to data published by the China Association of Automobile Manufacturers (CAAM).

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Jun 8, 2023 - 11:57 am

Mercedes to source ‘green’ steel from Sweden

Mercedes-Benz has signed a supply contract with the Swedish start-up H2 Green Steel (H2GS) for around 50,000 tonnes of virtually CO2-free steel per year for its European press plants. The steel is to be used in various series models of the carmaker.

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Jun 2, 2023 - 09:06 am

Lucid Motors raises capital through stock offering

The US electric carmaker Lucid Motors wants to raise about $3 billion through a stock offering. The majority will come from the Saudi Arabian Public Investment Fund (PIF), which already has a stake of more than 60 per cent in Lucid.

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May 26, 2023 - 11:39 am

Nikola threatened with stock market delisting

The American electric truck manufacturer Nikola Motor is threatened with exclusion from the US stock exchange Nasdaq. Because the share price was below one US dollar per share for 30 consecutive days, Nikola no longer complies with Nasdaq regulations.

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May 25, 2023 - 03:16 pm

Nio launches new ES6 edition in China

Nio has launched a new edition of its ES6 in China. The ES6 is the company’s best-selling model on the Chinese market and has now been converted to the new NT 2.0 platform.

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May 25, 2023 - 01:31 pm

India: Uber Green launches in three major citites

Ride-hailing company Uber will launch its Uber Green service in three cities in India starting this June, namely bringing the EV-only option to Delhi, Mumbai and Bengaluru. Uber also shared a slew of new EV partnerships in India.

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May 24, 2023 - 03:48 pm

Government-backed Sparki drives ultra-rapid charging in Belgium

Belgium has welcomed a new player in the EV infrastructure sector as startup Sparki emerges with ambitious plans to establish the country’s largest High-Power Charging (HPC) network. Sparki aims to achieve this feat in less than three years, supported by the Belgian government.

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May 23, 2023 - 02:55 pm

Ample unveils next-gen battery swap stations

US-based battery swap startup Ample has revealed its latest station design, marking the second generation of its technology. The new design enables Ample to halve the times it takes to swap a battery, and the company says, the new stations boast faster deployment times.

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May 23, 2023 - 10:46 am

Lucid brings two more Air variants to Europe

US electric car manufacturer Lucid Motors announced pricing for two more Lucid Air luxury sedan variants for Germany, the Netherlands, Switzerland and Norway. These are the Air Pure AWD and the Air Touring, which feature the smaller 92 kWh battery pack for up to 725 kilometres WLTP range.

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May 17, 2023 - 03:08 pm

Volta Trucks to deliver first electric trucks in Sweden in 2023

The Swedish electric truck start-up Volta Trucks wants to accelerate its market launch in its home country. The company plans to put its vehicles on the roads in Sweden as early as the middle of this year instead of 2024 as previously planned. The EVs would be part of its customer test fleet.

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May 17, 2023 - 01:36 pm

Einride orders up to 50 electric trucks from DAF

The Swedish electric transport specialist Einride intends to order 50 electric trucks from the Dutch manufacturer DAF Trucks according to a memorandum of understanding. DAF says the first electric trucks have already been firmly ordered.

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May 16, 2023 - 08:41 am

Sono Motors files for protective shield proceeding

Sono Motors GmbH has filed an application with the Munich District Court to open protective shield proceedings. Sono wants to restructure itself with the help of Dentons’ restructuring experts. The reason given for the application is indirectly a consequence of the Sion exit and the situation on the capital market.

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May 15, 2023 - 02:30 pm

Lightyear: 2025 production start remains uncertain

Following the restructuring, Dutch solar EV start-up Lightyear is sticking to its plan to bring the Lightyear 2 to series production at a price of less than €40,000. According to a media report, the 2025 market launch is not yet set in stone.

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May 15, 2023 - 10:31 am

Spanish start-up Liux focuses on small EVs

As some carmakers want to go big, Liux is laying its focus on the smaller things. The Spanish EV startup has put plans for its debut model ‘Animal’ on ice and is looking to launch the significantly smaller ‘Geko’.

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May 12, 2023 - 10:33 am

China: 636,000 additional New Energy Vehicles in April

Sales of electric cars and plug-in hybrids in China fell slightly in April. According to data from the China Association of Automobile Manufacturers (CAAM), 636,000 new energy vehicles (NEVs) were sold in April – 17,000 fewer than in March.

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May 11, 2023 - 11:31 am

Nikola to focus on fuel-cell truck production

Nikola will interrupt its truck production in Coolidge (Arizona) to convert the assembly line so that both fuel cell and battery electric vehicles can be produced on the same line in the future. After that, the focus will increasingly shift to fuel cells.

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May 9, 2023 - 12:11 pm

Iveco to assume ownership of European truck JV with Nikola

Iveco Group has announced plans to acquire Nikola’s electric truck joint venture in Europe, established in 2019. The deal will cost Iveco $35 million and will effectively buy out Nikola from the European markets. Nikola says it will focus on its US activities.

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May 9, 2023 - 11:58 am

Lucid lowers production targets for 2023

The US electric car manufacturer Lucid Motors has reported higher losses again in the first quarter, and sales also fell compared to the fourth quarter of the previous year. In addition, Lucid is lowering its production target for this year.

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May 3, 2023 - 03:56 pm

Lordstown may falter if Foxconn deal falls through

In a filing to the SEC, electric vehicle start-up Lordstown Motors warns that it may go bankrupt against the backdrop of contract manufacturer Foxconn walking away from a crucial deal. And there is also Lordstown own share price.

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Found on electrive.com
https://www.electrive.com/2023/06/09/nev-registrations-continue-to-rise-in-china-over-may/
09.06.2023 12:48