bZ3 is Toyota outside and BYD inside. Price at dealer start even lower at 22,300 USD.
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Category: Electric
NIO Capital invests in Chinese SiC chip maker
Qingchun was founded in March 2021, and the core team members have been involved in SiC semiconductor technology for over 20 years, according to NIO Capital.
(Image credit: NIO Capital)
NIO Capital has invested in a local Chinese silicon carbide (SiC) chip maker as it continues to expand its investments in the new energy vehicle (NEV) industry chain.
The company recently co-led a several hundred million yuan Series A+ round of financing for Qingchun Semiconductor (or SICHAIN), which will be used to improve the SiC chip maker's supply chain layout, expand its team and build mass production labs, according to a press release today.
Founded in March 2021, Qingchun's core team members have been involved in SiC semiconductor technology for more than 20 years and are one of the few companies in China currently capable of achieving world-class performance and reliability of SiC devices, according to NIO Capital.
The SiC chip maker is also one of the companies able to mass produce automotive SiC MOSFETs based on its production line in China, and its products have been used in new energy power generation and NEVs, according to the release.
Since its inception, Qingchun has made a series of significant advances in SiC device technology and product development, including the maturation of its 1200V SiC MOSFET platform technology and the mass production of multiple products.
The company launched the first 15V drive SiC MOSFET to be mass-produced in China, shipping nearly one million units to various industries, particularly photovoltaics and energy storage, according to the release.
Qingchun also launched the 1200V 14mΩ SiC MOSFET, which has the lowest on-resistance and is currently being validated by several vehicle companies, according to NIO Capital.
The SiC market is spacious and growing fast, with a wide range of application scenarios in areas such as NEVs, and Qingchun is one of the best startups in China for that, said Ian Zhu, managing partner of NIO Capital.
Earlier today, Geely's electric vehicle brand Zeekr announced a long-term supply agreement with US chip maker Onsemi involving silicon carbide power devices.
Zeekr will use Onsemi's M3E 1200V EliteSiC MOSFET products to complement its expanding lineup of high-performance all-electric models, according to a press release.
The SiC module is an upgrade to the IGBT (insulated gate bipolar transistor chip) module, a third-generation power semiconductor with higher efficiency, higher temperature resistance and higher voltage characteristics.
The module will help upgrade the electrical architecture of NEVs from 400V to 800V and enable NEVs to charge from 0 to 80 percent in 10 minutes.
NIO Capital leads latest funding round in US-based suspension startup ClearMotion
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Power Plants May Soon Have To Limit Their GHG Emissions
The Inflation Reduction Act includes language that classifies greenhouse gases as pollutants to be regulated by the EPA.
Power Plants May Soon Have To Limit Their GHG Emissions
The Inflation Reduction Act includes language that classifies greenhouse gases as pollutants to be regulated by the EPA.
AIM EV Sport 01 Revealed As Light And Nimble Electric Sports Car
It was designed by the same man who signed off on the Isuzu Vehicross and Nissan GT-R.
AIM EV Sport 01 Revealed As Light And Nimble Electric Sports Car
It was designed by the same man who signed off on the Isuzu Vehicross and Nissan GT-R.
Investing In Climate Tech With MUUS Climate Partners
MUUS Climate Partners (MCP), the venture capital arm of MUUS & Co., announced the close of its $50 million MUUS Convergence Fund in March. Here at CleanTechnica, we write a lot about clean, renewable energy and sustainable technology, but not nearly as much about the investment perspective. How climate tech and cleantech companies get financing […]
Investing In Climate Tech With MUUS Climate Partners
MUUS Climate Partners (MCP), the venture capital arm of MUUS & Co., announced the close of its $50 million MUUS Convergence Fund in March. Here at CleanTechnica, we write a lot about clean, renewable energy and sustainable technology, but not nearly as much about the investment perspective. How climate tech and cleantech companies get financing […]
BYD applies for dual counter trading on Hong Kong exchange
The dual-currency counter model will provide BYD shareholders and potential investors with a new trading currency option that could further enhance the liquidity of its shares, BYD said.
BYD Company Limited (1211.HK) has applied to the Hong Kong Stock Exchange (HKEX) for a dual-currency counter that would allow investors to trade its shares in RMB in addition to the Hong Kong dollar, according to a stock exchange announcement.
The move is intended to express support for the HKEX's introduction of a dual Hong Kong dollar-RMB counter model and the nationalization of the yuan, the new energy vehicle (NEV) giant said in the announcement today.
The HKEX said in December it would introduce the new dual-counter trading model starting in the first half of 2023.
Other companies listed in Hong Kong, including Baidu, Tencent, JD.com, and have also applied to the HKEX for dual currency counters.
The HKEX said last month that the dual-currency counter was introduced to further promote the internationalization of the yuan.
The dual-currency counter model will provide BYD shareholders and potential investors with a new choice of trading currency, enhancing trading convenience and flexibility while further enhancing the liquidity of its shares, BYD said.
With the launch of the dual-currency counter model, it will be possible for investors to purchase Hong Kong shares directly in RMB.
Previously, for investors participating in the Hong Kong-mainland stock connect mechanism, they had to bear the risk of exchange rate movements of RMB against Hong Kong dollar during their holding of Hong Kong stocks.
Introducing yuan pricing in the stock connect mechanism could reduce some of the exposure to exchange rate fluctuations in Hong Kong stock investments, CICC said in a research note last month.
It is also expected to allow the trading facility to attract more yuan funds, which in turn would boost trading activity and volume, CICC said.
BYD officially launches Seagull to expand its presence in China's EV market
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BYD Seagull hits the market for 10,700 USD, 6% less than what was announced last week
The price war continues in China; even hot&budget cars are not omitted. It's basically a 5000 yuan discount before deliveries even start.
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