A team of researchers from Canada’s Simon Fraser University have published a report that paints a pessimistic picture of EV adoption in the Great White North, at least in the short term. “Electric vehicles are not likely to make up more than one percent of vehicle sales in the next decade and no more than… Read more »
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BorgWarner to buy motor-maker Remy International for $950 million in cash
Global auto parts supplier BorgWarner (NYSE:BWA) has agreed to buy motor manufacturer Remy International (NASDAQ: REMY) for about $950 million in cash. The offer of $29.50 a share represents a 44% premium to Remy’s Friday closing price. The deal is expected to close in the fourth quarter of 2015. Both companies have histories in the… Read more »
Chinese auto parts giant invests $1.6 million in wireless charging pioneer Evatran
Evatran, the developer of the Plugless wireless Level 2 charging system, has received a strategic investment of $1.6 million from Zhejiang VIE, a Chinese Tier 1 auto parts supplier. The investment is the first phase of a partnership between the two companies to introduce wireless charging to China, potentially the world’s largest EV market. Evatran… Read more »
Chevy Bolt EV on its way to the masses – not the elite
True to its namesake, the Chevy Bolt EV seems to be moving through the pipeline at an impressive speed, at least by auto-industry standards. The company recently revealed that it has built 55 pre-production Bolts, which are handily delivering the desired 200 miles of range. GM also announced that it will invest $245 million and… Read more »
DOE report examines opportunities for US battery manufacturers
Asia currently dominates automotive lithium-ion cell production – it controls around 79% of the market. However, a recent report by the DOE’s Clean Energy Manufacturing Analysis Center (CEMAC) found that the US has a growing opportunity in the industry, which is expected to swell from the current $9 billion to $14.3 billion by 2020. The… Read more »
MobileBattery can boost EV range and provide home back-up power
Germany-based Nomadic Power has received a €2-million grant from the European Commission for its MobileBattery system, which features a trailer-mounted battery pack that can be towed behind an EV to boost range, and also serve as a residential back-up power source when stationary. The Nomad mobile battery comes in several sizes, with capacities from 40… Read more »
Proterra’s electric buses approach $1 billion in total pipeline sales opportunities
Will the transit vehicle market be the first to completely eliminate petroleum use? Proterra thinks so. During a recent interview for the latest issue of Charged, CEO Ryan Popple told us that the company is currently in contention for roughly 20% of the potential transit vehicle orders in the US over the next couple years,… Read more »
Sumitomo Chemical increases production capacity for battery separators
Sumitomo Chemical is ramping up production capacity for its Pervio lithium-ion secondary battery separators. Production at the company’s Ohe Works in Niihama, Japan will be raised to approximately 1.3 times the current capacity by next spring. The company also plans to build a new plant for Pervio at its subsidiary in South Korea, to start… Read more »
Which EVs have the best (or worst) resale values?
Electric driving is about to become available to a whole new swath of car buyers, as substantial numbers of EVs enter the used-vehicle market. Continual improvements are decimating resale values for most models – a tough break for early adopters, but great news for bargain-seekers. The latest issue of the National Automobile Dealers Association’s Used… Read more »
Nissan, GM and Toyota repurpose used EV batteries for stationary storage
Tesla may have made it trendy, but the California company is far from the only automaker exploring the commercial energy storage market, which is expected to grow from $200 million in 2012 to $19 billion in 2017, according to research firm IHS CERA. Nissan has joined forces with Green Charge Networks to deploy second-life EV… Read more »