BYD and Daimler increase spending on Denza

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China’s BYD and Daimler will put more money behind their joint electric vehicle venture Denza in China as they increase their investment. Both will add another 400 million RMB, (about 53M euros) in order to build on production and service. The total of 800 million yuan or over 100 million euros serves BYD and Daimler […]

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Geely presents wide-ranging electric vehicle strategy

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Geely is on course to electrify no less than 90 per cent of its lineup by 2020 and has now specified said evolution. Their new energy strategy ‘Geely Intelligent Power’ outlines 30 novel electric and hybrid models, with NEVs boasting a range over 500 km. Plus, Geely is looking another 5 years ahead technologically. China’s […]

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World’s Largest Battery Maker Seeks $2 Billion In IPO, But Will Raise Only $850 Million?

Contemporary Amperex Technology Ltd. (CATL), one of the biggest manufacturers of lithium-ion batteries for vehicles, would like to raise 13.1 billion yuan ($2 billion) by selling a 10% stake, at a valuation of about $20 billion. However, according to B…