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China’s ever-growing electric vehicle industry is setting up shop in Hong Kong, but not to expand business in the minuscule Hong Kong market. Rather they are looking to leverage the city’s financial system for global expansion, Bloomberg reports.

What gives Hong Kong a unique position is its attractive financial sector compared to mainland China. Hong Kong enjoys free trade and the world’s largest yuan market, and its banks can help Chinese EV companies in ways that mainland banks aren’t able to, Xu Haidong, deputy chief engineer of the China Association of Automobile Manufacturers (CAAM), told Bloomberg.

“China’s big four banks aren’t yet able to directly support the needs of our automakers overseas, including for consumer auto loans, fundraising by dealerships or foreign direct investment to build factories,” Xu said, according to Bloomberg. “Chinese carmakers have arrived at the stage of expanding internationally, and this needs financial support. Hong Kong is a good starting point.”

Foreign exchange controls in China prevent money from moving freely in and out of the country, so businesses dealing with foreign capital face heavy restrictions and intense scrutiny from the government, the report added. On the other hand, Hong Kong, which enjoys some autonomy as a Chinese-controlled Special Administrative Region, has low tax rates with only limited government interference.

So far, China’s Contemporary Amperex Technology Co., the world’s largest battery manufacturer, said it plans to open its international headquarters in Hong Kong, spending HK$1.2 billion ($154 million) to make it happen and hiring 500 employees. Other companies include all-electric auto brand Hozon New Energy Automobile Co. and Black Sesame Technologies, among others. Chinese EV-related companies have pledged HK$8.6 billion ($1.1 billion) in investments and the hiring of 1,300 workers, Bloomberg writes.  

This is certainly good news for the city, which took a hit from heavy COVID-19 restrictions and China’s economic slowdown, with a lot of companies reducing staff and sparking an exodus of talent out of the city.

The Hong Kong stock exchange already hosts BYD and Geely, and CATL and Hozon are also mulling over going public via the Hong Kong stock exchange, which is considered both less restrictive and considerably less conservative than the Shanghai exchange.

Electrek’s Take

For Chinese companies to expand, they will certainly need to set up locations outside of China, that is clear, and Hong Kong seems like a smart move. Meanwhile BYD is pushing international growth with its plans to build an EV factory in Hungary, and other automakers are looking to set up production in Europe as well. Chinese company MG, BYD, and Chery have also been scouting sites in Mexico and talking to officials for better access to the North American market, according to the Financial Times. MG is planning to build a $2 billion factory, while BYD is ramping up investments worth hundreds of millions for its own factory – actions which have set off alarm bells in Washington over trade war concerns with China.

An interesting aside, Hong Kong, being a former British colony, is the first market for Chinese automakers to launch right-hand drive models. Zeekr, owned by Geely, and XPeng are planning to bring their first right-hand drive vehicles to Hong Kong. Other emerging EV markets such as Indonesia, Malaysia, and Thailand also use right-hand drive, which puts Hong Kong in a good spot to reach these markets as well.

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Bollinger Motors circles the drain as court cases, debts pull it down

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Bollinger Motors circles the drain as court cases, debts pull it down

A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors’ assets into receivership following claims that the company’s owners still owe its founder, Robert Bollinger, more than $10 million.

Bollinger Motors first came to fame in the “draw a truck, get a billion dollars” stage of the EV revolution that saw Nikola rise to a higher market cap than Ford for a brief time. Robert Bollinger wasn’t able to capitalize quickly enough to get his trucks into production, though – and a late stage pivot to sell the brand to Mullen Automotive and launch a medium-duty commercial truck doesn’t appear to have been enough to save it.

Now, Automotive News is reporting on some of the more convoluted details of the Mullen purchase deal, with Robert (for ease of distinguishing the man from the brand) claiming that Mullen Automotive owes him more than $10 million for a loan he made to the company in 2024.

Just how Robert ended up giving Mullen Automotive $10 million to take his eponymous truck brand off his hands is probably one of those capitalistic mysteries that I’ll never understand, but Mullen’s response was perfectly clear: they didn’t even bother to show up to court.

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Bollinger claims that at least two suppliers are also suing Mullen for unpaid debts. As such, the Honorable Terrence G. Berg has put the Bollinger brand into receivership, and its assets have been frozen in preparation for everything being liquidated. Worse, for Bollinger, the official court filings reveal a company that is really very much doing not awesome:

The testimony and evidence—which Defendant’s counsel conceded accurately reflected Defendant’s finances—showed that Defendant is in crisis. For months Defendant has owed more than twenty million dollars to suppliers, contractors, service providers, and owners of physical space. These debts are owed to parties who are critical for Defendant’s functioning. CEO Bryan Chambers testified that Defendant was locked out of its production facilities on May 5, 2025, and that the owner of the production facilities was seeking to permanently evict Defendant. The Court heard that Defendant had been prevented from accessing its critical manufacturing accounting system for a short time at the end of April 2025, before making a partial payment to restart services.

US DISTRICT COURT EASTERN DISTRICT OF MICHIGAN

I’m not sure if you caught all that, but Bollinger’s CEO has been locked out the company’s facilities and getting evicted, the company is more than $20 million in debt, and that debt is owed to people Bollinger absolutely needs in order to keep going.

You can read the full court decision, which I’ve embedded here, below. Once you’ve taken it all in, feel free to rush into the comments to say you told me so, since I really thought hoped the Bollinger B1 had a shot. Silly me.

Bollinger v. Bollinger case

SOURCES: Automotive News, Justia, Yahoo!.

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This vast 1.3 GW Indiana solar farm will power 200,000 homes

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This vast 1.3 GW Indiana solar farm will power 200,000 homes

Mammoth Solar, a 1.3 gigawatt (GW) solar farm in northern Indiana, is now powering into its biggest construction phase yet, cementing its place as one of the largest solar projects in the US.

The solar farm is set to increase Indiana’s solar capacity by more than 20% once it’s fully online. And with construction ramping up this month, developer Doral Renewables has given Bechtel Full Notice to Proceed on the design, engineering, and construction of three major phases of the project: Mammoth South, Mammoth Central I, and Mammoth Central II. Together, these phases will generate 900 MW of clean energy.

That’s enough electricity to power around 200,000 homes with clean energy, helping Indiana shift away from fossil fuels while boosting the local economy.

Construction is already underway, and over the next two years, Bechtel will install around 2 million solar panels, with about half of them made in the US. The company is also handling all engineering, procurement, and construction work, using its digital project management tools and autonomous tech to keep everything on track.

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At the peak of the buildout, Mammoth Solar is expected to create over 1,200 jobs, with at least 15% of those set aside for apprenticeships.

Bechtel says its success will hinge on strong collaboration with local trades and vendors. The company is working closely with craft professionals and is committed to being a reliable community partner throughout construction.

Once the solar farm is complete in 2027, Doral Renewables plans to roll out agrivoltaics across the site. That means livestock grazing and crop cultivation will happen right alongside energy production, giving farmers in the area a way to keep working their land while supporting clean energy development.

Read more: Solar adds more new capacity to the US grid in 2024 than any energy source in 20 years


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

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BYD’s funky new kei car spotted testing: Here’s our first look at the mini EV

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BYD's funky new kei car spotted testing: Here's our first look at the mini EV

BYD is about to launch an even smaller EV, but this one’s a little different. It’s BYD’s first kei car. You know, those tiny vehicles that dominate Japan’s city streets? BYD’s mini EV was just spotted out in public, giving us our first real look at the upcoming kei car.

BYD’s first mini EV was spotted in public

Last week, rumors surfaced that BYD was developing its first kei car, which would compete with top-selling models from Nissan, Honda, Mitsubishi, and other Japanese brands.

Kei cars, or “K-Car,” as they are sometimes called, are a class of ultra-compact vehicles that cannot be longer than 3.4 meters (134″). To put that into perspective, BYD’s smallest EV currently, the Seagull (called the Dolphin Mini overseas), is 3,780 mm (148.8″) long.

The mini vehicles are ideal in Japan because they are so small, making it easy to get around tight city streets. They are also more affordable and efficient than larger vehicles.

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BYD’s mini EV was spotted for the first time during a road test this week by IT Home (via CarNewsChina), revealing a familiar look. It has that boxy, compact look of a typical kei car with sliding side doors.

BYD's-mini-EV-spotted
BYD’s kei car, or mini EV, in camouflage (Source: Sina/ IT Home)

According to reports, BYD is developing a new platform for the model. It will reportedly include a 20 kWh battery, good for 180 km (112 miles) WLTC range. By using its in-house Blade LFP batteries, BYD is expected to have a cost advantage.

BYD’s upcoming mini EV is expected to start at around 2.5 million yen, or about $18,000. That’s about the same as the Nissan Sakura (2.59 million yen), Japan’s best-selling EV last year.

Last year, around 1.55 million kei cars were sold in Japan, accounting for roughly 40% of new vehicle sales. Honda’s N-Box was the top-selling kei car (EV or gas) for the third straight year.

As Nikkei reported, some are already calling BYD’s electric kei car “a huge threat.” A Suzuki dealer said, “Young people do not have a negative view of BYD. It would be a huge threat if the company launches cheap models in Japan.”

Nissan-affordable-EVs
Nissan Sakura mini EV (Source: Nissan)

BYD already sells several electric cars in Japan, including the Atto 3 SUV, Dolphin, and Seal. Last month, the company launched the new Sealion 7 midsize electric SUV, starting at 4.95 million yen ($34,500).

Although Japan isn’t really an EV hot spot, with sales falling 33% in 2024 to just under 60,000 units, BYD sees an opportunity.

BYD-mini-EV
BYD Dolphin Mini (Seagull) testing in Brazil (Source: BYD)

By making virtually every car component in-house, including batteries, BYD can offer EVs at such low prices while still making a profit. BYD’s cheapest and best-selling electric car, the Seagull, starts at under $10,000 (69,800 yuan) in China.

With new smart driving and charging tech rolling out, BYD’s electric cars are getting smarter and even more efficient.

Can BYD’s mini EV compete with Japanese brands? At the right price, it may have a chance. Check back soon for more on the upcoming kei car. We’ll keep you up to date with the latest.

Source: Sina, CarNewsChina

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