This issue highlights investors continuing to back startups in the EV market in India. Ola Electric picked up $53 million led by Temasek whereas Ultraviolette Automotive raised around $15 million from TVS and Zoho. eLeapPower, a provider of a smart inverter system for EV charging, raised...
Look Back & Look Ahead - Automotive Industry Please join the AmCham Shanghai Automotive Committee's 2022 kick-off event: Look Back, Look Ahead on January 19 from 8:30 am to 10:30 am at AmCham Shanghai. Our expert speakers will review the 2021 sales results, discuss the new technologies...
Click here to the audio link Bill Russo was a keynote speaker at Morgan Stanley’s Virtual China New Economy Summit 2022 on January 5, 2022. He spoke on the topic “The Rise of Smart EV and the New Competitive Landscape in China: Tesla vs. Volkswagen vs....
The world’s largest car factory is China, and its focus on electrification will change the world. First Norway; Australia next? SOURCE: Wheels, Australia's Car Magazine 26 DEC 2021 Australia is shaping up as a fertile test market for China as its auto industry opens up to the global...
Media Source:THE HILL BY SHARON UDASIN AND SAUL ELBEIN 12/22/21 04:32 PM EST China's government has built the world's leading electric vehicle battery manufacturer through a level of state support that is unavailable in the United States, The New York Times reported. But while China has emerged as the...
Media Source : The New York Times By Keith Bradsher and Michael Forsythe Beijing gave CATL lavish subsidies, a captive market of buyers and soft regulatory treatment, helping it to control a crucial technology of the future. NINGDE, China — As the global pandemic hit, the world’s biggest...
On Dec 6, Tomorrow.io, an AI-enabled platform for weather analytics, announced that it is going public through a merger with blank-check firm Pine Technology Acquisition Corp (PTOC) in a deal worth nearly $1.2 billion. The deal is expected to close in the first half of 2022....
Comments from Bill Russo, Founder & CEO of Automobility Ltd. The China auto market is experiencing a secular shift to electrification, which we covered in our recent November update titled The Inexorable Rise of Electric Vehicles in China. In this update we highlighted the fact that more...
On Dec 7, Elaphe, a provider of in-wheel electric propulsion systems for New Energy Vehicles, was granted €7 million by the Slovenian government for further technology advancements. The subsidy will serve as a springboard to secure further growth of this 150+ engineering team towards higher...
NOVEMBER 2021 UPDATE Comments from Bill Russo, Founder & CEO of Automobility Ltd. Overall automotive industry sales through November remain up 4.5% in China when compared with the same period of 2020, with passenger vehicles up 7.1% and commercial vehicle sales down 5.3%. Through November, ~3 million New...