In an update to its 2020 study, the Faraday Institution examines the UK EV market and forecasts future demand for battery production. The new report, “UK Electric Vehicle and Battery Production Potential to 2040,” predicts that by 2030, the UK will need around 100 GWh of annual supply to satisfy the demand for batteries for… Read more »
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LeEco pulls out, but Aston Martin will still produce electric RapidE
In February 2016, Aston Martin announced that it would work with Chinese tech company LeEco on the RapidE, an electric version of the Rapide four-door sports sedan. LeEco, facing a cash crunch, has pulled out of the project, but Aston Martin Chief Executive Andy Palmer told Reuters that his company will still produce the EV…. Read more »