At Tesla Inc’s ballyhooed Battery Day event in September, chief executive Elon Musk set himself an ambitious target: to produce a US$25,000 electric car in three years. Like all batteries, have the same basic components: two electrodes – a cathode and an anode – and an electrolyte that helps shuttle the charge between them, there… Continue reading World NM: Why building an electric car is so expensive, for now000317
Author: World_Newz Mon
World NM: New lease of life for BMW EV batteries000312
The UK division of BMW Group has begun a partnership with Off Grid Energy to provide a second life to batteries used in BMW and Mini electric vehicles. After this time, the battery can still retain as much as 80% of initial capacity, and could continue to have a ‘secondary use’ as a mobile power… Continue reading World NM: New lease of life for BMW EV batteries000312
World NM: E-motorbike startup ION Mobility raises US$3.3m in seed funds000297
ION Mobility, a Singapore-based smart electric motorbike startup has clinched US$3.3 million in seed funding to launch its first motorbike in Indonesia in 2021, as well as to expand regionally. The investors in the seed round included venture firms Monk’s Hill Ventures, TNB Aura, Village Global, kipleX, 500 Startups’ South-east Asia-focused 500 Durians fund, an… Continue reading World NM: E-motorbike startup ION Mobility raises US$3.3m in seed funds000297
World NM: Hungaryʼs Hankook Plant a key to European Operations000295
Hankook Tire began construction of its first (and only) tire making plant in Europe in the village of Rácalmás, near Dunaújváros, 75 km south of Budapest. Considered at the time to be “the most technologically advanced facility in the world”, according to Seong Hak Hwang, the current managing director, the plant has since more than… Continue reading World NM: Hungaryʼs Hankook Plant a key to European Operations000295
World NM: Car sales in Europe, U.S., China grow again: VDA000285
BERLIN, Oct. 16 (Xinhua) — September was the first month in more than two years to see a “simultaneous growth” in sales of passenger cars in Europe, the United States and China compared with the same month last year, the German Association of the Automotive Industry (VDA) announced on Friday. However, the COVID-19 pandemic and… Continue reading World NM: Car sales in Europe, U.S., China grow again: VDA000285
World NM: Liberty House makes bid for Thyssenkrupp steel business000284
UK-based steel and metals titan Liberty House has put in a bid for the lossmaking steel unit of Germany’s Thyssenkrupp. Liberty House confirmed this morning that it had made a non-binding offer for its German competitor. The bid comes from a run of acquisitions by Mr Gupta in recent years, ranging from mining and metals… Continue reading World NM: Liberty House makes bid for Thyssenkrupp steel business000284
World NM: Magna to build startup Fisker’s electric SUV000282
Startup California-based car brand Fisker Inc. has struck a deal with automotive contract manufacturer Magna International Inc. to manufacture the Ocean SUV in Europe starting in late 2022, the companies announced Thursday. The partnership is similar to the one Nikola Motors agreed to with General Motors in September for the Badger pickup but has not yet closed following… Continue reading World NM: Magna to build startup Fisker’s electric SUV000282
World NM: Automotive sector output climbed 6.2% y.o.y. in August000279
Output of Hungaryʼs automotive sector climbed 6.2% year-on-year in August, rising for the first time since before the start of the coronavirus crisis. The output of the automotive sector, which accounted for 28% of manufacturing sector output in August, recovered after months of double-digit declines. The output of the computer, electronics and optical equipment segment,… Continue reading World NM: Automotive sector output climbed 6.2% y.o.y. in August000279
World NM: FAW, Audi to produce electric vehicles in China000277
China’s leading automaker First Automotive Works (FAW) and German automaker Audi signed a memorandum of understanding Tuesday on the establishment of a joint venture for production of electric vehicles based on the PPE platform. Several all-electric Audi models are to be produced for the Chinese market on the new PPE platform from 2024 onwards. Qiu… Continue reading World NM: FAW, Audi to produce electric vehicles in China000277
World NM: Changan Automobiles launches Karvaan MPV Plus000270
LAHORE-Changan Automobiles has launched Karvaan MPV Plus, giving an enhanced driving experience to its customers. Moreover, Changan International Corporation has initially invested $100 million in a joint venture with Master Motors in Pakistan to set up a state-of-the-art vehicle assembling facility, along with a vastly growing 3S dealership network across Pakistan. It is an international… Continue reading World NM: Changan Automobiles launches Karvaan MPV Plus000270