Battery maker A123 Systems announced that it has filed for Chapter 11 bankruptcy, and agreed to sell its automotive business assets to Johnson Controls. Once considered a promising startup with innovative technology, the company took a huge hit in March, when it was forced to recall a batch of defective batteries destined for Fisker’s Karma… Read more »
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India approves incentives for EVs and hybrids, sets ambitious target
India’s government has approved a 230 billion rupee ($4.13 billion) plan to encourage the production of electric and hybrid vehicles, with a target of six million vehicles on the road by 2020, Reuters reported this week. Four to five million of those are expected to be two-wheelers. Even so, it sounds like an ambitious goal,… Read more »
A123 Systems saved by the Chinese
Wanxiang Group will provide a bridge loan of $75 million or so, and eventually invest up to $450 million in A123, which would give it an ownership stake of about 80% in the company.
A better battery design is in the air
Researchers in Italy, South Korea, and Scotland have reported designing lithium-air batteries with major advancements in charge and discharge cycles with little capacity loss.
UK plant to build engines for BMW i8 PHEV, i Store unveiled
BMW announced this week that the new generation of three-cylinder gas engines for the i8 PHEV sports car will be produced exclusively at the BMW engine plant.
Fisker sells 1000 Karmas, brings in $100 million bucks
Fisker Automotive released what it calls a “business update” yesterday that contains a bundle of welcome good news.
Slot cars on steroids: the birth of electric motorsport
The prospect of zero emission, near-silent race cars has set moustaches twitching throughout the motorsport fraternity. Many see it as heresy, while the enlightened few realize that we have a golden opportunity to inject some new life into a hundred-year-old sport. Doug Peck, editor at emotorsportnews.com, explains why the future of racing runs on… Read more »
BMW’s EVs will help London Olympics reach its emissions goal
As the Official Automotive Partner for the 2012 Olympics, BMW will supply a fleet of 4,000 vehicles for the London games, which begin July 27.
VIDEO: Chevy teases with a tiny taste of the Spark EV
This week’s video and blog post from GM offers a tantalizing peek at the company’s new Spark EV.
VIDEO: IMSA and Le Mans plan to launch an international EV Series
The EV series will be open to any OEM desiring to exhibit new technologies and “clean tech” products.