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 »
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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 »
Tier 1 supplier Rheinmetall expects electrification to account for half of sales in 2020
Image: Rheinmetall Automotive’s electrical coolant pump Germany’s Rheinmetall Automotive is known as a supplier of hard parts (pistons, blocks, cylinder heads, etc.) and mechatronics. However, CEO Horst Binnig says that “products with a cable” already constitute 40% of total sales. “We really see pure e-mobility more as an opportunity than a risk. The percentage of purely… Read more »
China logs record EV sales, Tesla top foreign brand
Plug-in sales in China are going wild – annual sales for 2016 are expected to exceed 350,000. The country now has the largest plug-in fleet in the world: over 650,000 vehicles, surpassing Europe (630,000) and the US (560,000). Upcoming changes to government incentive programs contributed to a sales surge for small EVs in November. The… Read more »
London Black Cabs raises $400 Million to develop PHEV taxi
London’s famous red buses are slowly but steadily going electric, and its iconic black cabs could eventually follow suit. Zhejiang Geely, owner of the London Taxi Company, which builds the boxy black beauties, has raised $400 million to finance the development of the TX5, a plug-in hybrid version of the classic 1958 FX4, according to… Read more »
Kandi and partners aim to link EVs with Big Data and the cloud
Kandi Technologies (NASDAQ: KNDI), a Chinese firm that manufactures EVs and offers them for short-term hire using automated multilevel garages, has formed a strategic partnership with several companies in the automotive and internet fields to promote connected EVs. The partners include Geely Automobile, which already operates a joint venture with Kandi, Internet giant Alibaba, which… Read more »
Chinese EV market takes off – as Western automakers watch from the sidelines
Sales of plug-in vehicles in China are quickly ramping up, spurred by generous government subsidies, which in turn are motivated by choking air pollution in the country’s major cities. Yonghe Huang, Director of Policy Research at the China Automotive Technology Center, highlighted the explosive growth in a recent presentation. In 2014, automakers in China produced… Read more »
