Bosch has acquired electric motor manufacturer EM-motive from Daimler. Since Bosch and Daimler set up EM-motive as a fifty-fifty joint venture in 2011, the company has manufactured some 450,000 electric motors. “For Bosch, the complete acquisition of EM-motive is the next logical step on the path to becoming the market leader for electromobility,” said Stefan Hartung,… Read more »
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Rivian secures $700 million in new investment round led by Amazon
Amazon will lead a $700-million investment round in EV startup Rivian Automotive. Also investing in this round is Rivian’s long-term investment partner, Saudi auto distributor Abdul Latif Jameel. Although it was reported earlier that GM was also in talks with Rivian, the automaker is not involved in this round. Rivian has been raising eyebrows since… Read more »
Dana acquires SME Group to expand electrified product portfolio
Automotive supplier Dana has announced the acquisition of SME Group, an Italy-based manufacturer of motors, inverters and controls for off-highway electrified vehicle applications. SME’s low-voltage motors and inverters target the electrification of off-highway equipment for applications including agriculture, automated guided vehicles, construction, and material handling. The acquisition will expand Dana’s portfolio of electrified products. “Dana’s… 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 »
Ford hints at electric version of F-Series pickup truck
The electrification of transport is accelerating, but industry observers agree that it won’t be a truly mass-market trend until there’s an electric version of America’s favorite vehicle: the pickup truck. Now Ford has hinted at plans to launch an all-electric version of the F-Series pickup truck, which has been called the most successful consumer product… Read more »
Tesla cuts workforce by 7 percent, warns of “very difficult” road ahead
Tesla announced that it will cut around 3,000 jobs – some 7 percent of its workforce – as it struggles to bring Model 3 prices down to an affordable, mass-market level. Elon Musk said the company did manage to squeeze out a profit in the final quarter of 2018, but warned that the “road ahead… Read more »
Churning out EVs: TDK has built a fully automated manufacturing line for its DC link capacitors
Raw materials in one end, pallets full of power film capacitors out the other For companies that produce products used for electric power conversion, EVs represent a huge new market, potentially much bigger than any other existing industry. Those who have realized the potential and invested early are now positioning themselves as leaders in automotive… Read more »
Audi joins the class of 2019 with the e-tron
A new generation of EVs is beginning to appear on the roads, and these cars have what it takes to compete head-to-head with fossil fuel vehicles. They offer more than enough range to cover anyone’s daily commute, and thanks to vast new charging networks such as Electrify America and Europe’s Ionity, they are increasingly able to… Read more »
Toyota and Lexus have hybrids for every taste
Toyota has got the hybrid powertrain down pat. Having honed its hybrid technology over the last 22 years of building the Prius, which has sold over 10 million units and is now in its 4th generation, the Japanese giant now offers seven different hybrid models, and its luxury brand Lexus offers six more. Charged recently… Read more »
Is the Toyota Camry Hybrid the last sedan?
The sedan (or saloon, as our British friends call it), which has been the standard form factor for passenger cars for a century, now seems to be a dying breed, as SUVs and crossovers take over the market. Consumers love the extra space and increased ride height of an SUV, and automakers love the higher… Read more »