You might not know it to look at them, but these two cars—one Swedish, one Chinese—share underpinnings and a parent company. Volvo and its Chinese parent Geely are very serious about selling cars that plug in. Starting in 2016, the Swedish brand has included plug-in hybrid versions of pretty much every new vehicle it sells… Read more »
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Nidec to acquire Mitsubishi Heavy Industries Machine Tool to support EV drive manufacturing
Nidec, a producer of motor application products based on “everything that spins and moves,” plans to acquire Mitsubishi Heavy Industries Machine Tool. Nidec has been engaged in the manufacture of reduction gearboxes and pressing machines through its subsidiary Nidec-Shimpo. After completion of the acquisition, Mitsubishi Heavy Industries Machine Tool will become Nidec-Shimpo’s third main business…. Read more »
Lotus to launch pure electric SUV in 2022
The Geely brand Lotus plans to launch a luxury electric SUV in 2022. The vehicle, code-named Lambda, has been in development since 2016, and was originally planned to be a hybrid, but the growing market for EVs, especially in China, inspired the company to make it an all-electric model. According to Autocar, the new Lotus… Read more »
Xpeng P7 review: The company’s making headlines, but how is the car?
Chinese automaker Xpeng is the most recent of a string of EV-makers to launch a headline-grabbing IPO. The company’s US stock-market debut (NYSE: XPEV) raised $1.5 billion off the bat, and the stock posted healthy gains on its first day. However, as John Voelcker writes in The Drive, the exploits of Xpeng and its Chinese… Read more »
Take that, Coronavirus! Polestar begins production of its EV in China
As auto plants around the world shut down or shift to producing ventilators, Polestar, the performance EV brand owned by Volvo (which is in turn owned by Geely), announced that production of the Polestar 2 would begin this week at its plant in Luqiao, China. The company is taking stringent health precautions: at the factory,… Read more »
NCM cathodes making headway in EV market
In April 2019, 6.7 GWh of battery capacity was deployed globally in newly-sold passenger BEVs, PHEVs and hybrids – an increase of 69% year-over-year, according to Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker. Among the NCM cathode family, NCM 622 saw a surge in deployment (in GWh) year-over-year, up 247% in April 2019… Read more »
Global automakers planning to invest over $300 billion in electrification
Global automakers are planning an unprecedented level of investment to develop electrified vehicles and procure batteries over the next five to 10 years, according to a Reuters analysis of public data. Carmakers have announced plans to spend at least $300 billion on electrification projects. The lion’s share – some $136 billion – will be directed… Read more »
China curtails building of new ICE vehicle factories
In September 2017, a top Chinese official said that the country would set a deadline for automakers to end sales of fossil-fuel vehicles in the country. No details were announced, and we’ve heard little about the plan since. Now, China has implemented new rules that seem to make it almost impossible for automakers to invest… Read more »
All Volvos to have electric motors from 2019
Volvo Cars has announced that, beginning in 2019, every one of its models will have an electric motor, making it the first legacy automaker to phase out ICE-only vehicles. In the future, Volvo will offer only three powertrains: pure electric, plug-in hybrid, and mild hybrid, which uses a battery to store energy from regen, or… Read more »
London Taxi opens plant to build plug-in taxis
The London Taxi Company (LTC) has opened a new plant to produce what it says is the world’s first purpose-built, mass-market plug-in taxi. LTC, a subsidiary of Chinese automaker Geely, has invested £300 million ($374 million) in the next-generation London taxi, which will be produced at the plant in Ansty, Coventry, and exported around the… Read more »