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 »
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McKinsey survey finds EV awareness increasing, suggests strategies for OEMs to electrify
As the EV scene heats up, we’re starting to see a steady stream of studies and surveys analyzing the growing market. Assessments of consumers’ EV awareness vary considerably, and predictions for the future are all over the map. A recent report by investment analyst Goldman Sachs sees big changes ahead for the auto industry, but… Read more »
Atieva renames itself Lucid Motors, teases new EV
Atieva, the stealthy EV startup with Chinese financing and a number of Tesla alumni on staff, has changed its name to Lucid Motors, and released some teaser images of its upcoming electric luxury sedan. The vehicle, code-named Atvus, reportedly features an 87 kWh battery pack and output of over 900 hp. In September, a spokesman… Read more »
Star-studded startup Romeo Power to manufacture EV battery packs
Santa Monica startup Romeo Power plans to manufacture EV-specific battery packs that it says will outperform any systems on the EV market today. The recently-launched company has over 50 employees, and an executive team that includes some well-known EV pioneers. Co-Founder and CTO Porter Harris is a veteran of SpaceX and Faraday Future, and VP… Read more »
Beyond Tesla: NextEV aims to produce Automobile 3.0
Chinese-backed startup NextEV has produced a Formula E race car, and plans to reveal an electric supercar later this year. “When we launch the car it will not be a concept,” Co-president Martin Leach told the International Business Times. “It will be engineered and validated and you will see it driving at some point shortly… Read more »
NextEV founder: Chinese Tesla wannabes have no idea what they’re up against
The lure of China’s EV market, with its vast potential size and a government committed to promoting new energy vehicles, is an enticing one for established automakers and startups alike. Shenzhen-based BYD (in which Warren Buffett’s Berkshire Hathaway owns a 9% stake) currently dominates China’s new energy vehicle market, with an 18% share. Tesla is… Read more »
Another Chinese-backed startup announces plans for an electric supercar
New EV companies are cropping up like dendrites on a lithium metal anode. The latest startup to emerge from stealth mode is called NextEV. Like many of the current crop (see Faraday Future, Atieva, Fisker, Leshi), NextEV is backed by Chinese investors, and is not affiliated with a traditional automaker, although it has recruited execs… Read more »
Tesla: US should pressure China to lower barriers to US automakers
Chinese president Xi Jinping will be visiting the US next month, and Tesla, for one, thinks the Obama administration should talk to him about about making it easier for US automakers to do business in China. All the big global OEMs produce vehicles in China, mostly through joint ventures, as foreign carmakers are prohibited from… Read more »
New independent EV builder makes the scene
The difficulty of starting up a car company, and the unlikelihood of anyone duplicating Tesla’s success, are so well known as to require no repetition here. Suffice it to say that Faraday Future’s recent colorfully-worded announcement that it intends to bring a new EV to the market has been greeted with predictable skepticism. However, the… Read more »
Resonating with the OEMs: WiTricity’s wireless energy transfer technology
WiTricity hopes to leverage a wireless energy transfer breakthrough out of MIT into a commercial solution with far-reaching potential Inside a standard electrical transformer are two coils that transfer power wirelessly. They utilize the principle of magnetic induction, sending energy from a primary coil to a secondary coil without a direct electrical connection. Inductive chargers,… Read more »