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Baidu’s autonomous EV marque JIDU garners $400 million Series A funding round to support ‘Robocar’ launch in 2023

JIDU EV

Intelligent EV startup JIDU announced a closed round of Series A funding that raised nearly $400 million dollars. The financing was led by JIDU’s parent company Baidu Group, and its business partner Zhejiang Geely Holding Group – the largest auto manufacturer in China. JIDU plans to use the funds for R&D of its teased “Robocar” concept, aiming for mass production in 2023.

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Chinese part supplier orders super die-casting machines from Tesla partner, could NIO and Xpeng adopt one-piece manufacturing?

Chinese manufacturing Tesla

Guangdong Hongtu Technology (GHT), a part supplier to Chinese EV automakers like NIO and XPeng, announced it will begin developing a 12,000-ton die-casting unit with the help of Tesla supplier LK Technology. Recent responses from representatives at NIO and XPeng hint that they might soon be using GHT’s large, one-piece die-casting machines to manufacture their own EVs.

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CATL officially launches EVOGO battery swap brand alongside chocolate-inspired battery blocks

CATL battery swaps

Following confirmation of a new brand catered to battery swaps, CATL subsidiary CAES officially unveiled its EVOGO swap solution. In addition to implementing swap stations across ten Chinese cities to begin, CAES and EVOGO have also introduced modular battery blocks inspired by chocolate bars, and a coinciding app.

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2021 EV deliveries in China by the numbers: How some of the market’s major players grew

EV deliveries China

As we eagerly slam the book shut on 2021 and look toward a promising year of further EV adoption in 2022, it’s important to look back and assess how far the global market has come during this most recent trip around the Sun. From there, we can compare 2021’s numbers to the year prior and gain an idea of the trajectories many of the major EV automakers may travel on into 2022. We will begin with EV deliveries in China, a rich mecca of EV production and innovation with many companies now expanding to other markets around the globe.

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Geely and Foxconn establish JV to push back against chip shortage

geely foconn chip shortage jv

Everywhere you look, you can see signs of an automotive market that’s been hit hard by a silicon “chip shortage.” Everywhere that is, except Tesla, where a more flexible, software-focused approach and sturdier grip on its critical parts supplies have allowed the company to nearly double its deliveries from the year before. Over in China, Geely and Foxconn have taken notice.

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China halts ban on foreign-owned factories, Honda announces an EV factory in China

honda eN concepts ev china factory

You could argue that the quietest business week in the Western world is that week between Christmas and New Year’s, and into that nebulous, boozy, cheese-filled week of relative silence was lobbed news that China has lifted its decades-old ban on foreign ownership of Chinese car factories. Tesla already owned their Chinese factory, so it seemed like business as usual – until Honda announced plans to build a massive EV factory in China.

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China’s offshore wind growth drives more than 300GW wind capacity installed

world's largest EV battery maker

China is the world’s biggest polluter – and it’s also the world’s leader in clean energy growth. China’s cumulative installed onshore and offshore wind capacity has now reached 302.2 gigawatts (GW), according to Windpower Intelligence (WPI), the data and research division of Windpower Monthly.

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COP26 Daily Briefing: 3 big things that happened on November 12

COP26

The COP26, aka the United Nations Climate Change Conference UK 2021, has officially finished in Glasgow. But the final agreement has not yet been put in place, and that will likely come over the weekend. Here’s Electrek‘s daily roundup of the key happenings at the world’s most important summit ever.

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GAC Aion to launch LX Plus SUV in China with over 620 miles of range

Aion LX Plus

Chinese automaker GAC Aion aims to be one of the first in China to deliver a long-sought NEDC range of 1,000 km (~621 miles) with its new LX Plus electric SUV. The upcoming EV was recently processed through one of the final steps in China’s Ministry of Industry and Information Technology (MIIT), meaning it will soon be available to consumers overseas.

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China claims title of having world’s largest EV charging network

largest charging network

A report out of China, citing recent data from the Electric Vehicle Charging Infrastructure Promotion Alliance, hands the crown to the country as having the world’s largest EV charging network. With over 2.2 million charging stations throughout the country, China’s EV infrastructure continues to expand at an impressive rate, while other countries, including the US, have some serious catching up to do.

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Autoflight completes first flight of autonomous V1500M eVTOL aircraft

autonomous eVTOL

Relatively young eVTOL developer Autoflight announced it has successfully completed the first flight of its V1500M four-passenger aircraft. This electric vertical take-off and landing (eVTOL) vessel is equipped with autonomous technology and can currently travel 250 km (155 miles) on a single charge. Autoflight will seek certification for this eVTOL in China, alongside its other electrified aerial vehicles, as the country continues to push the commercialization of urban air mobility (UAM).

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BYD to reportedly raise battery prices by 20% due to raw material costs

BYD Battery prices

A recent report out of China cites documentation that major battery supplier BYD intends to raise the prices of its lithium battery cells by at least 20% beginning November 1. BYD notes market changes surrounding the limits of raw materials for lithium batteries as the reason for the price hike. With global supply chains stifled, BYD will need to up the price of its battery cells to compensate for its own comprehensive price increases.

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