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Search Results Found For: "Siemens"

German researchers seek to demonstrate that EVs are cheaper than ICEs

Do the lower operating costs of EVs justify their higher purchase prices compared to legacy gas-burning vehicles? That question may have no definitive yes-or-no answer (it depends on an individual’s driving habits), but more data is always welcome. The Karlsruhe Institute of Technology (KIT) and the Fraunhofer Institute for Systems and Innovation Research, in cooperation… Read more »

Wanxiang wins A123 at auction

Chinese auto parts firm Wanxiang is the proud owner of battery maker A123 Systems, having won this week’s bankruptcy auction with a bid of between $250 million and $260 million, according to the Wall Street Journal. Other bidders included Johnson Controls, NEC and Siemens. Wanxiang will not be buying the segment of A123 that provides… Read more »