NEV

NOVOSENSE isolation and driver technology enables SiC+800V in NEVs

Retrieved on: 
Friday, March 31, 2023
OBC, Failure, Noise, Anxiety, PTC, NEV, Immunity, Multimedia, EMC, DC-DC, Silicon carbide, Architecture, BMS, AEC, ESD, Silicon, OOK, Insulator (electricity), Safety, Rail transport, Electric motor, Electronics, Transformer

At present, there are several mainstream isolation technologies in the industry, and NOVOSENSE adopts the capacitive isolation technology based on capacitance coupler.

Key Points: 
  • At present, there are several mainstream isolation technologies in the industry, and NOVOSENSE adopts the capacitive isolation technology based on capacitance coupler.
  • NOVOSENSE provides digital isolation chips and isolation power supply, including isolation sampler, isolation driver, as well as some interface related products and automotive grade isolation devices, which are now in full mass production.
  • In the application of NEV electric driver main motor driver, NOVOSENSE has mass-produced isolation drivers, including NSi6611 and NSi6651 intelligent protection enhanced isolation driver, as well as enhanced digital isolator and enhanced isolation sampler.
  • NOVOSENSE isolation and driver products are mainly used in OBC, DC-DC, main motor driver, BMS and thermal management system.

China Automotive Systems Reports a 91.7% Increase in Diluted Net Income Per Share in Fiscal Year 2022

Retrieved on: 
Thursday, March 30, 2023
CAAS, China Automotive Systems, Chery, NEV, Policy, COVID-19, Income tax, G&A, Research, New energy, Government, Sentience, Investment, Car, BYD Auto, Brazilian real, Growth, EPS, Transport, RMB, Total, Cryptocurrency, Video game, Security (finance), Lithium, Chinese

WUHAN, China, March 30, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended December 31, 2022.

Key Points: 
  • In the fourth quarter of 2022, net sales decreased by 7.2% to $128.8 million compared to $138.8 million in the same quarter of 2021.
  • Selling expenses represented 3.6% of net sales in the fourth quarter of 2022, compared to 2.4% in the fourth quarter of 2021.
  • Diluted income per share was $0.14 in the fourth quarter of 2022, compared to diluted income per share of $0.16 in the fourth quarter of 2021.
  • Diluted net income per share increased by 91.7% year-over-year to $0.69 in 2022 compared to $0.36 in 2021.

GWM TANK500 HEV Launches in Thailand and Opens Global First Pre-sale

Retrieved on: 
Thursday, March 23, 2023
Travel, NEVS, NEV, Intelligence, HEV, Sale, GWM, TANK, Bangkok International Motor Show, Turn, Architecture, Road, Mobile phone, ASEAN

"GWM TANK500 HEV means a new chapter for the NEVs industry in Thailand.

Key Points: 
  • "GWM TANK500 HEV means a new chapter for the NEVs industry in Thailand.
  • GWM TANK500 HEV inherits the top-notch off-road capability, excellently comfortable experience, and cutting-edge smart functions.
  • GWM TANK500 HEV focuses on creating a luxurious and cozy experience for consumers.
  • Making its debut in Thailand is one of the significant steps made by GWM TANK to expand into global market.

GWM TANK500 HEV Launches in Thailand and Opens Global First Pre-sale

Retrieved on: 
Thursday, March 23, 2023
Travel, NEVS, NEV, Intelligence, Multimedia, HEV, Sale, GWM, TANK, Bangkok International Motor Show, Turn, Architecture, Online shopping, Road, Mobile phone, ASEAN

"GWM TANK500 HEV means a new chapter for the NEVs industry in Thailand.

Key Points: 
  • "GWM TANK500 HEV means a new chapter for the NEVs industry in Thailand.
  • GWM TANK500 HEV inherits the top-notch off-road capability, excellently comfortable experience, and cutting-edge smart functions.
  • GWM TANK500 HEV focuses on creating a luxurious and cozy experience for consumers.
  • Making its debut in Thailand is one of the significant steps made by GWM TANK to expand into global market.

CLUB CAR LAUNCHES "CRU" NEIGHBORHOOD ELECTRIC VEHICLE

Retrieved on: 
Wednesday, March 15, 2023
Golf, NEV, CRU, Partnership, Club Car, LSV, Travel, Safety, Neighborhood Electric Vehicle, Family, Vehicle classification by propulsion system, Rail transport

AUGUSTA, Ga., March 15, 2023 /PRNewswire/ -- Club Car, a world-leading manufacturer of small-wheel, zero-emissions electric vehicles, today unveiled Club Car CRU, a street-legal lifestyle vehicle that will disrupt the low-speed vehicle (LSV) market for consumers. CRU expands Club Car's leading electric vehicle portfolio into a new, innovative category of Neighborhood Electric Vehicles (NEV). NEVs are designed to meet the needs of consumer seeking a more fun and sustainable option for short trips.

Key Points: 
  • AUGUSTA, Ga., March 15, 2023 /PRNewswire/ -- Club Car, a world-leading manufacturer of small-wheel, zero-emissions electric vehicles, today unveiled Club Car CRU, a street-legal lifestyle vehicle that will disrupt the low-speed vehicle (LSV) market for consumers.
  • CRU expands Club Car's leading electric vehicle portfolio into a new, innovative category of Neighborhood Electric Vehicles (NEV).
  • For consumers looking for sustainable, carefree travel, the Club Car CRU is the perfect Neighborhood Electric Vehicle solution.
  • Automotive or electric vehicle dealers interested in becoming part of the Club Car CRU dealer network can visit the Club Car Become a Dealer site at www.clubcar.com/en-us/dealer .

Jiuzi Holdings Inc. Establishes Two Regional Operations Centers by Forming JVs with Local Partners

Retrieved on: 
Monday, March 13, 2023
NEV, Empowering Local Partners to Prevent Violent Extremism in the United States, Hangzhou, Agreement, Shipbuilding

Pursuant to the Agreements, Jiuzi Haoche and the Local Partners will establish joint ventures ("JVs") in Jiangxi Province and Zhejiang Province, respectively.

Key Points: 
  • Pursuant to the Agreements, Jiuzi Haoche and the Local Partners will establish joint ventures ("JVs") in Jiangxi Province and Zhejiang Province, respectively.
  • As the regional operations hubs, the JVs will integrate the strengths, resources, and skills of Jiuzi and the Local Partners to explore the local markets.
  • Jiuzi Haoche will provide the JVs with new energy vehicles and credit facilities while the Local Partners will be in charge of day-to-day operations and business development.
  • Jiuzi Haoche focuses on empowering the regional operations centers by leveraging Jiuzi's advantages in vehicle sourcing while leaving the daily operation and market exploration to the Local Partners.

Cango Inc. Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results

Retrieved on: 
Thursday, March 9, 2023
City, APP, Original equipment manufacturer, Share repurchase, NYSE, Research, NEVS, US, M3, M1, ADS, Investment, NEV, Total, Loss, Marketing, Cryptocurrency, Video game, Mobile phone

SHANGHAI, March 9, 2023 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the fourth quarter and full year of 2022.

Key Points: 
  • SHANGHAI, March 9, 2023 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the fourth quarter and full year of 2022.
  • Mr. Jiayuan Lin, Chief Executive Officer of Cango, commented, "Despite facing numerous headwinds throughout the year, Cango successfully carried out a significant transformation during 2022.
  • Mr. Yongyi Zhang, Chief Financial Officer of Cango, stated, "Our fourth quarter performance once again illustrated the strength and resilience of our strategy and business model.
  • Revenues from car trading transactions in the fourth quarter of 2022 were RMB431.1 million (US$62.5 million), or 88.5% of total revenues in the fourth quarter of 2022, compared with RMB703.9 million in the same period of 2021.

Jiuzi Holdings Inc. Signs Extension Agreement with Dongfeng Fengon and Plans to Launch Extended Range and Battery-Swapping electric MPV

Retrieved on: 
Tuesday, February 28, 2023
Power purchase agreement, NEV, Purchasing, DFSK, CLTC, BYD, MPV, COVID-19, Fengon 500, Automotive industry

Pursuant to a purchase agreement ("Purchase Agreement") signed by Jiuyao and Chongqing Fengon dated August 2, 2022, Jiuyao would purchase 5,000 micro electric passenger cars customized for Jiuyao ("Jiuyao Mini EV") from Chongqing Fengon by December 28, 2022.

Key Points: 
  • Pursuant to a purchase agreement ("Purchase Agreement") signed by Jiuyao and Chongqing Fengon dated August 2, 2022, Jiuyao would purchase 5,000 micro electric passenger cars customized for Jiuyao ("Jiuyao Mini EV") from Chongqing Fengon by December 28, 2022.
  • Under the Extension Agreement, the two parties have also agreed that the Purchase Agreement will include the trade of Jiuyao MPV, which was launched in October 2022.
  • Jiuyao MPV is custom-made vehicle based on Dongfeng Fengon's MPV model "Fengon 380."
  • Since Jiuyao MPV has gained considerable accolades from the market, the Company plans to further launch an upgraded version in the first half of 2023.

Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Monday, February 27, 2023
SUV, Family, NEV, Research, Investment, WLTC, ATM, Total, Acceleration, City, CLTC, PIN, ADS, Atmosphere of Earth, Li Auto, Cryptocurrency, Video game, Food delivery, Internet service provider

BEIJING, China, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022.

Key Points: 
  • Tie Li, chief financial officer of Li Auto, added, “We were pleased to conclude 2022 with strong performance in the fourth quarter despite ongoing macro uncertainties.
  • Vehicle sales were RMB17.27 billion (US$2.50 billion) in the fourth quarter of 2022, representing an increase of 66.4% from RMB10.38 billion in the fourth quarter of 2021.
  • Vehicle margin was 20.0% in the fourth quarter of 2022, compared with 22.3% in the fourth quarter of 2021 and 12.0% in the third quarter of 2022.
  • Gross margin was 20.2% in the fourth quarter of 2022, compared with 22.4% in the fourth quarter of 2021 and 12.7% in the third quarter of 2022.

Global Media Group Thumbs up for GWM New Energy Products in Australia

Retrieved on: 
Friday, February 10, 2023
Acceleration, GWM ORA, Noise, AARC, Forest, HEV, GWM, NEV, Video game, Road

BAODING, China, Feb. 10, 2023 /PRNewswire/ -- Recently, GWM, one of the largest automobile manufacturers in China, unveiled its latest new energy products at its global media test drive event in Australia.

Key Points: 
  • BAODING, China, Feb. 10, 2023 /PRNewswire/ -- Recently, GWM, one of the largest automobile manufacturers in China, unveiled its latest new energy products at its global media test drive event in Australia.
  • At the conference of the event, the director in charge of GWM Australia systematically introduced to the media GWM's determination to develop the new energy market and their ONE GWM overseas strategic plan for NEV products, including the construction of a global R&D layout based on the Forest Ecosystem.
  • The media were convinced that the GWM ORA series would wield immense influence over the Australian new energy market.
  • At present, GWM has laid out a variety of new energy products around the world, With the new energy models such as GWM TANK series and GWM ORA series coming soon in Australia in 2023.