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This is the latest investment Leapmotor has received after announcing a 1.5 billion euro investment from Stellantis on October 26, with the subscription price a 70 percent premium to its closing price in Hong Kong today. (Image credit: CnEVPost) Chinese new energy vehicle (NEV) maker Leapmotor has received investments from two local government funds, after it received an investment from European automotive giant Stellantis NV just about three months ago. Leapmotor entered into an H-share subscription agreement with the Zhejiang Jinhua city industry fund on January 19, and the company has agreed to issue H-shares totaling up to RMB 200…
The Tesla Cybertruck has always been and will probably continue to be a divisive vehicle for many years. From the day it was unveiled in prototype form back in 2019, people either hated or loved it. Now that the electric pickup is getting into the hands of more and more customers, we get a chance to see what the car is like to actually live with and not just go by the hype that surrounds the angular truck. Get Fully Charged Range questions persist about the Cybertruck The long-awaited Tesla Cybertruck has received criticism for being much more expensive, and…
Eve Energy plans to set up an energy storage company in Malaysia and acquire new land parcels to begin construction of an energy storage plant. (Image credit: Eve Energy) Chinese lithium battery maker Eve Energy will build a new affiliate in Malaysia targeting the energy storage market, expanding its presence in the Southeast Asian country. An affiliate of Eve Energy signed a memorandum of understanding with Malaysia’s Invest Kedah on January 15 in Huizhou, Guangdong province, where the battery maker is headquartered, according to a statement by the company today. Invest Kedah is the investment promotion arm of the Kedah…
The 2025 Jeep Wagoneer S will arrive this fall in the U.S., with other markets to follow, Jeep parent Stellantis announced Thursday. The timing essentially matches what Jeep discussed when the Wagoneer S was first shown in concept form in September 2022 as one of three production-bound EVs, alongside the European-market Avenger and the more off-road-focused Recon. Jeep Wagoneer S Where the Recon aims to be a more rugged sibling to the Jeep Wrangler, the Wagoneer S will be a more upscale model that emphasizes both on-road performance and off-road capability. Jeep promises 600 hp and 0-60 mph in 3.5…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Funded Projects Will Lower EV Technology Costs, Increase Driving Range, and Build a Sustainable, Secure Domestic Battery Supply Chain WASHINGTON, D.C. — The U.S. Department of Energy (DOE) yesterday announced more than $131 million for projects to advance research and development (R&D) in electric vehicle (EV) batteries and charging systems, and funding for a consortium to address critical priorities for the next phase of widescale EV commercialization. The advanced battery consortium will work towards developing advanced technologies that will decarbonize transportation and support R&D…
The Xpeng brand will have a total of 10 models based on the SEPA 2.0 platform, many of which will be launched in 2024-2025. The Mona project’s A-class sedan is scheduled for launch in the second half of the year. (Image credit: CnEVPost) Xpeng (NYSE: XPEV) has a strong pipeline of new models over the next two years, including both Xpeng-branded models and new models from the Mona project, BofA Securities said. BofA held a conference call with Xpeng management to discuss the company’s business update and 2024 outlook, according to a January 16 research note sent to investors. “Xpeng…
Newrizon, founded by a former Nio senior vice president, announced in February 2023 that it had secured more than RMB 100 million in Series B+ funding from Nio Capital. (Image credit: Newrizon) Nio Capital’s portfolio company Newrizon began exporting electric trucks to the Middle East, marking the beginning of its globalization strategy. Newrizon’s first electric light-duty trucks, the iC1, were recently loaded at a port and have begun shipping to the Middle East, the electric commercial vehicle manufacturer announced today. The iC1 is Newrizon’s first in-house developed internet-connected electric light truck that supports energy replenishment via battery swap, it said.…
The Lotus Emeya is available in four trims, three of which feature four LiDARs. Customers who order now can expect delivery in 6-8 weeks. (Image credit: Lotus) Geely majority-owned car company Lotus Cars has launched the Emeya electric sedan in China, making it the latest available EV in the RMB 1 million class. Lotus rolled out the Emeya in China on January 18, offering four trims with starting prices of RMB 668,000 ($92,830), RMB 768,000, RMB 968,000, and RMB 1.18 million, respectively. The Lotus Emeya measures 5,139 mm in length, 2,005 mm in width and 1,464 mm in height, with…
China’s passenger car retail sales are estimated to be around 2.2 million units in January, down 6.5 percent from December. China’s new energy vehicle (NEV) sales are expected to decline significantly this month from December, mainly due to seasonal factors. In January, retail sales of passenger NEVs in China are expected to be around 800,000 units, up 141.3 percent year-on-year, but down 15.3 percent from December, according to estimates released by the China Passenger Car Association (CPCA) last night. The decline is in line with regular seasonal patterns, the CPCA said. January is usually a low point for auto sales…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! There is without a doubt no automaker CEO more linked to their auto brand than Elon Musk and Tesla. In fact, it’s hard to think of another company in which the CEO is such a prominent part of the brand. I can’t think of one. Nonetheless, for years, people have raised the question of when Elon Musk would move on from Tesla. I remember that Elon’s response several years ago was that he would probably do so once the company got truly mass market…