Electric Vehicles

An increasing number of EV startups have raised VC money over the last few months. The list includes Earth Energy, Grinntech, Cell Propulsion, and Etrio, among others.

The clean energy driven facility is expected to churn out over two million units annually.

Sales of new energy vehicles in China is expected to reach 20% of total car sales by the end of 2025, the state council says.

The Chinese carmaker is in the process of filing a Shanghai IPO.

Top Chinese car-sharing company Gofun closed its first fundraising round since 2017.

Tesla increased Model 3 production capacity at its Shanghai Gigafactory to 250,000 units a year and it is building a new factory for its Model Y.

Faraday Future will use the new funds to support mass production of its FF 91 model.

Ion Mobility plans to launch its first electric motorbike in Indonesia in 2021.