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GAC, Nio-backed EV start-up Hycan claims another funding round coming

Hycan CEO Yang Ying speaks with CNBC’s Evelyn Cheng during the 2021 East Tech West conference in the Nansha district of Guangzhou, China.

GUANGZHOU, China — Chinese electric car start-up Hycan hasn’t delivered many vehicles yet, but it claims it’s on the verge of a large fundraise as investors pour more money into a hot sector.

The news of more capital looking at other players in China’s electric car market comes as more established start-ups like Nio and Xpeng have already delivered more than 10,000 cars each in November alone. Unofficial figures — which Hycan declined to confirm – indicate

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China’s GAC announces hydrogen combustion engine

Chinese automaker GAC Motor claims to have successfully tested a hydrogen combustion engine, although it’s unclear if the engine will ever reach production.

Instead of using fuel cells to generate electricity, GAC designed an internal-combustion engine to burn hydrogen in place of gasoline or diesel. The resulting engine has a fairly high thermal efficiency of 44%, according to a company press release.

Notable engineering nuggets include a hydrogen-specific combustion chamber design, as well as strengthened pistons, piston rings, and connecting rods.

GAC said it will continue “thermodynamic calibration and mechanical development of the hydrogen engine,” and that it would work

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