Stock-market pundits are all over the map when it comes to Tesla. One recently predicted that the EV-builder’s stock price is poised to double, thanks mostly to a new Uber-like business that, so far, exists only in said pundit’s writings. Another insists TSLA is heading for a crash, claiming that the company loses money on… Read more »
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Lux Research: LG Chem threatens Panasonic’s position as world’s top EV battery supplier
Japanese giant Panasonic is by far the largest automotive batter supplier at the moment, with a 39% market share. According to a new report from Lux Research, it will probably hang onto that position, increasing its share to 51% as EV batteries grow to a $30-billion market by 2020. However, there’s a real possibility that… Read more »
Aston Martin to build 800 hp EV
Iconic British sports car builder Aston Martin plans to produce an electric version of its four-door Rapide within two years, CEO Andy Palmer told Automotive News. The electric motorcar will feature all-wheel drive, about 800 hp and a 200-mile range, said Palmer. The announcement comes as no great surprise. In his previous role as Chief… 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 »
Audi targets Tesla Model X with all-electric 311-mile e-tron quattro
In May, Audi said that it is developing “a sporty SUV with electric drive,” to be launched in 2018 (the company also plans to sell two plug-in SUV models in Asia in 2016). Now Audi has released teaser images of its e-tron quattro concept, which will be unveiled next month at the International Motor Show (IAA) 2015… Read more »
Volkswagen names LG Electronics one of its FAST suppliers
The Volkswagen Group has nominated 44 of its suppliers to collaborate on a new strategic level under the Future Automotive Supply Tracks (FAST) initiative. One of the first batch of preferred suppliers is LG Electronics, which provides high-voltage batteries for the Group’s various plug-in vehicles. Volkswagen launched the FAST program in February with the aim… Read more »
California Air Resources Board chief: Automakers need to end production of ICEs around 2030
The California Air Resources Board (ARB) is one of the world’s most important promoters of electromobility. The agency’s zero-emission vehicle (ZEV) mandate requires that 2.7 percent of new cars sold in the state this year be plug-in (or fuel cell) vehicles. That percentage is scheduled to increase every year, reaching 22 percent in 2025. The… Read more »
3M licenses NMC patents to LG Chem
3M and LG Chem have formed a patent license agreement to allow the Korean battery-maker to use 3M’s formulation of nickel manganese cobalt oxide (NMC) cathode materials in lithium-ion batteries. NMC, valued for its balance of power, energy, thermal stability and low cost, has been the subject of some rivalry and at least one lawsuit…. Read more »
New study assesses top US metro markets for EVs
A new white paper from the International Council on Clean Transportation (ICCT) examines EV penetration in the 25 most populous US metropolitan areas, together with actions taken by state and local governments and public utilities to promote EVs. “Assessment of Leading Electric Vehicle Promotion Activities in United States Cities” finds that the top US EV… Read more »
Survey: Automotive engineers don’t expect CAFE standards to be lowered
US automakers remain on track to meet the EPA’s Corporate Average Fuel Economy (CAFE) standard, which will mandate average fuel economy of 35.5 mpg by 2016, and 54.5 mpg by 2025. However, average fuel efficiency is in danger of slipping, as WardsAuto reports, not because carmakers aren’t building gas-sipping vehicles, but because US consumers aren’t… Read more »