China Evergrande New Energy Vehicle Group, a Hong Kong-listed unit of the real-estate giant Evergrande Group, has raised HK$26 billion ($3.35 billion US) in an offering of 952 million new shares. The company will use the new funding for R&D, vehicle production, and to retire older debt. China Evergrande NEV is controlled by Hui Ka-yan,… Read more »
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European Commission approves €2.9 billion in funding for comprehensive battery project
The European Commission has approved a second Important Project of Common European Interest (IPCEI) to support innovation throughout the battery value chain. The European Battery Innovation project calls for 12 member states—Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden—to provide up to €2.9 billion in funding in the coming years…. Read more »
2022 GMC Hummer EV: the biggest, baddest, butchest EV to hit the market?
The news that General Motors would relaunch the infamous Hummer name—as an all-electric truck no less—broke a few days before the high-dollar, high-visibility 2020 Super Bowl ad that introduced that vehicle to the world. After a succession of carefully staged events for media and the public, we now know that the 2022 GMC Hummer EV… Read more »
Model S refresh includes completely revamped interior, powertrain updates and more
Over the past couple of years, as Tesla rolled out a seemingly endless stream of new features for Models 3 and Y, folks have been saying that the two elders of the line-up were overdue for an update. Now Tesla has announced a sweeping new refresh for Models S and X, featuring an entirely new… Read more »
Global plug-in vehicle sales surpassed 3.2 million in 2020
2020 may have been a bummer of a year by most measures, but it was a banner year for plug-in vehicles. Global sales of EVs and PHEVs reached 3.24 million (as reported by EV-Volumes), compared to 2.26 million in 2019. That’s an increase of some 43%, which is all the more impressive in light of… Read more »
Volkswagen brand triples deliveries of pure EVs in 2020
EV sales soared in Europe in 2020, and at least two legacy automakers, Daimler and Volkswagen, appear on track to meet the EU’s stringent emissions targets for the year. For the Volkswagen brand (part of the larger Volkswagen Group, which also includes Audi and Porsche), 2020 was “a turning point [and] a breakthrough in electric… Read more »
Porsche Taycan delivers electric luxury and performance
There are so many new EVs on the market or in the pipeline these days, in all form factors and all price ranges, that it’s becoming impossible to keep up with them. However, the Porsche Taycan stands out from the crowd for several reasons: it’s the flagship model of the Volkswagen Group, which is by… Read more »
Comparing 10 Leading EV Motors
Who Wins Out? Munro & Associates’ Analysis of Today’s Leading EV Electric Motors Ever wonder how today’s EV motors stack up against each other? Going beyond traditional product benchmarking, Munro & Associates Inc. has analyzed and compared 10 leading EV motors and developed a comprehensive side-by-side comparison report. Designed to help automakers and suppliers effectively… Read more »
Toyota announces new EV platform, revamped version of fuel cell-powered Mirai
Toyota has announced that it will someday release a preview of a possible electric SUV for the European market. Details are “to be announced in the coming months.” The unnamed “preview model” will be based on Toyota’s new e-TNGA platform. The new platform is designed to be easily adaptable for a range of vehicle types—some… Read more »
Rivian takes an adventurous approach to its charging network
As it prepares for the first deliveries of its R1T pickup truck and R1S SUV, Rivian is taking a page from Tesla’s book, making plans to set up its own public charging network (Tesla wasn’t thrilled about sharing that particular page—in July, it sued Rivian, claiming that the younger company had stolen trade secrets). As… Read more »