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.
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McKinsey analysis predicts Li-ion pack prices could fall to $160/kWh by 2025
The paper breaks the price of battery packs down into more than 40 underlying drivers, and suggests that three factors could accelerate the decline in Li-ion prices.
Bill wants it green – sustainable mobility at Ford
Last week, Bill Ford told an eclectic crowd of writers and bloggers how he was an environmentalist back in the 1970s, when environmentalism wasn’t cool, at least not in the automotive industry.
ArcelorMittal announces new electrical steel products for EV motors
As EV production ramps up around the globe, companies are developing ever more components and materials optimized for use in electric and hybrid vehicles. At this week’s Coil Winding, Insulation and Electrical Manufacturing trade fair in Berlin (doesn’t that sound like a glamorous event?), steel giant ArcelorMittal unveiled a range of electrical steel products… Read more »
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.
A123 Systems returns from death’s door with breakthrough new battery technology
A123 Systems (Nasdaq:AONE) showed once again why, in a business dominated by much larger firms, it’s a contender that can’t be counted out. Just days after the company conceded that its ability to continue operations was in doubt, it announced a new lithium ion battery technology called Nanophosphate EXT, and its stock price instantly accelerated… Read more »
Mitsubishi will tackle Pikes Peak with star drivers and two versions of its i-MiEV
The i-MiEV Evolution combines some of the same components as the production i with others developed by partner companies.
Company man: Q&A with Bob Lutz
The automotive legend turned 80 on February 12, but he still looks and sounds vital. Even better, and in contrast to the typical assumption about octogenarians Lutz is still entirely relevant. Bob Lutz tends not to speak in abbreviations. More often than not, it’s “gasoline,” not gas, “General Motors,” not GM. Perhaps it’s indicative of a… Read more »
The state of EV charging: more questions than answers
As you may have guessed, we at Charged believe that electricity is the best way to power our vehicles in the post-fossil fuel era. Compared to other contending technologies (biofuels, natural gas, hydrogen), electricity is the most efficient, and our best shot to be truly sustainable. However, there’s a much more immediate reason why automakers… Read more »
We need more energy: Envia Systems’ 400 Wh/kg Li-ion cells
Envia Systems crushed the record for energy density of an automotive rechargeable Li-ion battery at 400Wh/kg. Now all the small start-up has to do is partner with everybody, become the industry standard, and change the world. Most of us know the public library as a place to get some free Wi-Fi, meet up with people for… Read more »