CATL, the world’s largest power battery producer, has started to diversify its sources of revenue as rivals are quickly catching up and the new energy vehicle market has shown signs of slowing down.To making things worse, international battery makers are starting to make their foray into the world’s largest new energy vehicle market.LG Chem, the world’s fourth largest battery maker, announced Thursday its plans to build a $188 million joint venture with Chinese carmaker Geely to produce and sell batteries for new energy vehicles.
Author: World_Newz Mon
South America close to EU trade deal, says Brazil
…negotiations stray into deeply sensitive political territory for both sides, including the prospect of greater competition for Europe’s beef farmers and for Mercosur’s car manufacturers. There has also…
Germany Orders Opel Gasoline-Fueled Car Recall, Bild Says
Germany’s automotive regulator ordered PSA Group’s Opel unit to recall some gasoline-fueled cars because they exceed emissions limits, Bild am Sonntag reported, without saying where it got the information.
$17,000 Hatchback From Vietnam Rolls Out to Take on Ford and Toyota
$17,000 Hatchback From Vietnam Rolls Out to Take on Ford and Toyota Bloomberg | Jun 14, 2019 at 7:01 AM Vietnam is getting into the car business with its own brand.
Exclusive: Evergrande’s EV Drive Hits Another Speed Bump
Evergrande Group, China’s second-largest real estate developer by sales, has shown its ambition in the electric vehicle business with billions dollars of investments.The company also poured 14.4 billion yuan into Xinjiang Guanghui Industry Investment Group for access to its auto sales network.Evergrande also signed an agreement with the Guangzhou city government this week to invest 160 billion yuan to build factories to produce 1 million electric cars and 500 GWh of batteries a year.
Swedish battery maker secures $1bn funding for Europe’s first ‘gigafactory’
Swedish start-up Northvolt Wednesday (12 June) announced it had secured funding.In 2017 Northvolt announced plans for battery factory “Northvolt Ett”, to employ between 2000 to 2500 people and be located in Skelleftea, a coastal town in Sweden’s industrial north-east.In May, Volkswagen already announced it would spend close to €1 billion building a factory for battery cells in Salzgitter.
Argo AI Gets A New Generation Of Automated Test Vehicles As It Moves Into Detroit
Ford and Argo AI are replacing their automated driving test fleet with new third generation models that feature redundant systems, new computers, sensors and software
Proton-Geely SUV X70 begins local assembly trials in Malaysia
KUALA LUMPUR, June 12 (Xinhua) — Malaysian national carmaker Proton has begun local assembly trials of its X70 Sports Utility Vehicle (SUV) at its manufacturing plant in Tanjung Malim, the company said on Wednesday.
The vehicle, jointly manufactured with China's Geely, will be put together at Proton's new 1.2 billion ringgit (290 million U.S. dollars) assembly plant, which is currently in its final stages of completion, said Proton chairman Syed Faisal Albar who spoke during a signing ceremony at the plant.
“Proton aims to start the production of the X70 in Tanjung Malim in the second half of this year so we are working hard to ensure we hit the target,” he said, adding that it was significant this was achieved within two years of cooperation.
Syed Faisal also said Proton had seen its sales jump from the fourth place on the Malaysian market to the second during the second quarter of this year, attributing this to the introduction of the X70, with its advanced features, to th..
Kenya to promote electric vehicle to reduce air pollution
NAIROBI, June 10 (Xinhua) — Kenya plans to promote use of electric vehicles in order to reduce air pollution in the country, a government official said on Monday.
Martin Eshiwani, director of road and railway transport in the ministry of transport, infrastructure, housing and urban development told a forum in Nairobi that standards for electric vehicles and motorcycles were put in December 2018.
“Kenya wants to move towards green vehicles so that it can also achieve its commitments under the Paris climate agreement,” Eshiwani said during the Urban Mobility Summit.
Eshiwani said that Kenya has approximately 350 electric vehicles and motorcycles on the roads.
He noted that the government is considering implementing a number of fiscal and regulatory measures that will increase e-mobility in the country.
Eshiwani observed that most vehicles standards are geared to the fossil fuels that are most prevalent in the country.
According to the government official, the number of motorbikes licens..
The GM-backed robo-taxi startup Cruise Automation is reportedly struggling to refine its self-driving car technology
The autonomous-driving startup Cruise Automation, which was acquired by General Motors in 2016, is facing technological issues as it seeks to launch an autonomous ride-hailing service by the end of this year, The Information’s Amir Efrati reported on Friday.Among the issues reportedly experienced by Cruise vehicles are near-accidents, according to The Information; getting stuck in the middle of a trip, taking 80% longer to complete a trip than a human driver would, and erratic braking and steering.Cruise had reportedly set a goal of lowering that rate to once every 1,000 miles by the end of 2018.