NewEnergyNews: CHINA EV START-UP IN $1BIL TESLA CHALLENGE

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YESTERDAY

THINGS-TO-THINK-ABOUT THURSDAY, December 14:

  • Loyalty Slipping In Climate Change Loyal Opposition
  • Research Shows EVs Can Go Much Farther
  • Booming Solar Faces Tricky Future
  • Wind Floats!

    THE DAY BEFORE

  • ORIGINAL REPORTING: How California Is Easing Off NatGas With New Energy
  • ORIGINAL REPORTING: Illinois cloud computing debate could open utility rate reform
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  • TODAY’S STUDY: The Value Of Transportation Elecrification
  • QUICK NEWS, December 12: The “Fight-Climate-Change” Diet; Market For Advanced EV Batteries To Quadruple By 2026; The Low Lifecycle Costs In New Energy
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: How The New Energy Marketplace Is Growing And Shifting
  • QUICK NEWS, December 11: N.C. Millennial Women Unite For Climate Fight; The White House Threat To New Energy; What’s Bad News In The Tax Bill For New Energy
  • THE LAST DAY UP HERE

  • Weekend Video: Tesla Adds World’s Biggest Battery To Aussie Wind
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    Founding Editor Herman K. Trabish

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  • FRIDAY WORLD, December 15:

  • Study Concludes 2016 Heat Was Human-Caused
  • The Big Opportunity Under Africa’s Sun
  • Wind In The Netherlands To Fly Subsidy Free
  • China To Open EV Vending Machines

    Friday, September 18, 2015

    CHINA EV START-UP IN $1BIL TESLA CHALLENGE

    China Electric Car Startup Seeks $1 Billion in Tesla Challenge

    September 16, 2015 (Bloomberg News)

    “A Chinese electric-car startup with ambitions to challenge Tesla Motors Inc. has raised about half of the $1 billion it’s seeking, roping in investors including Sequoia Capital and Joy Capital as part of plans to develop affordable, connected green cars...NextEV Inc., set up last year by founder William Li and a group of Internet entrepreneurs, is backed by Tencent Holdings Ltd. and Hillhouse Capital. The carmaker is targeting to roll out a supercar model in 2016…and plans to outsource production to traditional auto manufacturers…A number of startups have sprouted in China in the past year, backed by investors and Internet companies that see opportunities in the government’s policies to promote electric cars and upgrade traditional manufacturing industries…Besides the supercar, NextEV plans to offer mass-market models that will cost less than half the Tesla Model S, which starts from 620,000 yuan ($97,000) in China. The goal is to offer Chinese consumers smart connected electric vehicles that they can afford…” click here for more

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