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Category: Official Press Release
Koenigsegg to accelerate growth in the hyper car market with EUR 150 million funding from NEVS (National Electric Vehicle Sweden)
Koenigsegg to accelerate growth in the hyper car market with EUR 150 million funding from NEVS
TROLLHÄTTAN, Sweden, 30-Jan-2019 — /EuropaWire/ — NEVS (National Electric Vehicle Sweden) has just announced it purchased 20 percent minority stake in Koenigsegg’s parent company for EUR 150 million.
The high-performance sports cars maker Koenigsegg will use the new capital to accelerate growth in the hyper car market, as well as to break ground into an untapped market segment together with NEVS. The two companies are planning to develop parallel vehicle models in slightly higher volumes with emphasis on electrification.
In addition to this partnership, the companies are establishing a joint venture to expand into new market segments where NEVS AB is contributing USD 150 million in the form of starting capital for a 65 percent stake while Koenigsegg will control 35 percent by contributing primarily with intellectual property, technology licenses, and product design.
The new partnership steps on already existing collaboration between NEVS and Koenigsegg, creating synergies between their geographical footprints, experiences and competencies.
Koenigsegg will access additional capabilities as well as benefit from the extensive automotive knowledge in Trollhättan, where the production facilities of NEVS are located while maintaining their centre of excellence in Ängelholm. NEVS has also production capacity in China and through its majority owner Evergrande has also access to wide distribution channels through ownership in one of China’s largest car retailers.
Additional synergies may be created in the automobile battery segment due to the deal NEVS’ majority owner Evergrande announced last week where it acquired 58.07 percent in automobile battery maker Shanghai CENAT New Energy Co Ltd. The deal is valued at $156 million.
At the moment the deal was announced NEVS has about 650 employees while Koenigsegg Automotive AB relies on 115 people.
Kai Johan Jiang, Chairman of the Board of Directors at NEVS AB:
“Koenigsegg is an enticing company developing advanced cars with unique technology and with a customer base that is one of a kind. To be able to expand our investment in the Swedish automotive industry through a company that we know and have an established relationship with, is an important step for us. We have both competencies and facilities to support Koenigsegg on their journey forward, something we look very much forward to”.
Christian von Koenigsegg, Founder and CEO of Koenigsegg:
“Koenigsegg is breaking new ground, capitalising on our unique technology, performance track record and market position to explore and develop new products. This partnership will create the best conditions for Koenigsegg to accelerate growth in the hyper car market, as well as enabling us to break ground into an untapped market segment together with NEVS. We very much look forward to working together with NEVS to develop products that ensure a sustainable future”.
Koenigsegg Automotive AB is based in Ängelholm, southern Sweden since 2003. The building had previously been home to the Swedish Air Force and once housed JAS 39 Gripen fighter jets.
NEVS has growing operations in China where the company’s first plant in Tianjin was finalized in 2018 and during 2019 serial production of NEVS 9-3 EV is planned to begin. In the meantime, new plant in Shanghai is under construction, scheduled for production of EV cars during 2020.
SOURCE: Koenigsegg / NEVS
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Elli.eco’s first product called Volkswagen Naturstrom® is now available across Germany: 100 percent CO2-free electricity from wind, solar or hydroelectric power
Volkswagen Naturstrom® is produced from sustainable sources.
WOLFSBURG, 30-Jan-2019 — /EuropaWire/ — Elli, which stands for Electric life, is a newly established company (2018) part of Volkswagen Group that aims to be the first provider on the market to offer a seamless energy and charging experience for electric car drivers and fleet managers. Elli plans to manage all customer needs at the interface between energy and mobility. Elli Group GmbH is currently with 3 offices across Germany: Wolfsburg, Berlin and Munich.
Now the company offers eco-power tariff that is already available throughout Germany. It is its first product and is branded as “Volkswagen Naturstrom®” and will come from 100-percent renewable sources and is intended for private households and small businesses. The electricity offered through the new tariff for your home and electric vehicle is 100% green energy with TÜV-certified origin from wind, solar and hydropower facilities in Germany, Austria and Switzerland.
Elli.eco is convinced that e-mobility can only be really sustainable if vehicles are powered by electricity generated on a CO2-free basis.
Elli is gradually working on portfolio of smart charging solutions ranging from hardware via invoicing and additional digital services through to comprehensive consultancy packages. The range will include wallboxes, charging stations and IT-based energy management systems as well as customer cards for charging on the road.
A typical household of three persons, for example in central Berlin, with an annual consumption of 3,500 kilowatt-hours could save about €280 compared with the standard tariff of the local general supplier over the contract term of 24 months.
Elli tariff calculator’s special feature is that it can include the consumption of an electric car in addition to a household, if the customer so wishes.
The latest information on Elli’s tariff is available on the website naturstrom.elli.eco.
Elli’s minimum contract term is 24 months, with a full price guarantee for the first 12 months. For the second period of 12 months, Elli guarantees that there will be no price adjustments as a result of changes in invoicing, procurement, sales and other administrative expenses.
Thorsten Nicklass, CEO of Elli:
“With our Naturstrom offering, we want to make eco-power easy and inexpensive to buy and to establish ourselves as a reliable partner for innovative, sustainable energy solutions for households and electric vehicles.”
Karsten Miede, project manager for Volkswagen Naturstrom® and Head of E-Mobility Services with VW Kraftwerk GmbH:
“As the supplier of Volkswagen Naturstrom®, we are opening up an entirely new business area for the Group. In the new world of mobility, the topics of energy and the automobile will become increasingly closely linked – we intend to grasp this opportunity.”
Elli.eco is also supporting the construction of the Salzgitter wind farm with an output of 12 MW and annual generation of 35 GWh – equivalent to the annual consumption of approximately 10,000 households using 3,500 kWh on average. It is planned that some of the power generated there should be included in the power mix for Volkswagen Naturstrom®.
SOURCE: Elli.eco / Volkswagen Group
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EconCore and Covestro partner over stronger, lightweight and FST performing honeycomb cores and panels
EconCore N.V. and Covestro are combining their technologies in order to produce strong and lightweight honeycomb panels with outstanding performance. The products comply with Fire, Smoke, Toxicity (FST) requirements for public transportation applications, including railway and aerospace.
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EconCore N.V. und Covestro bündeln ihr technisches Know-how für die Produktion sehr leichter und gleichzeitig stabiler und leistungsstarker Wabenplatten. Die Produkte erfüllen die FST (Fire, Smoke, Toxicity)-Anforderungen für die Verwendung in öffentlichen Transportmitteln wie Bahnen oder Flugzeugen.
LEVERKUSEN, 30-Jan-2019 — /EuropaWire/ — Partnership between EconCore N.V. and Covestro has been announced with the aim at producing stronger, lightweight and Fire, Smoke, Toxicity (FST) requirements compliant honeycomb panels and cores targeting public transportation applications, including railway and aerospace.
So far both companies have heavily researched and worked on different materials that are lightweight or ultra-light with specific grades and features. EconCore is capable of producing ultra-light honeycomb structures in an economic way, with a high variety of material combinations that can be fine-tuned in order to meet customers’ needs. While Covestro has dealt with a wide range of polycarbonates and blends with specific grades to meet the FST performance required by railway and aviation applications. Additionally, Covestro is currently working on a range of lightweight thermoplastic composite solutions under the brand name Maezio™.
The two companies are now teaming up to optimize the FST (Fire, Smoke, Toxicity) performance of honeycomb panels in order to meet different application requirements. Covestro and EconCore plan to select the right combination of polycarbonate grades and composites for the honeycomb core and skin and at the same time adapting the parameters within EconCore’s honeycomb technology.
Preliminary tests on the FST (Fire, Smoke, Toxicity) performance done on semi-finished, laminated honeycomb panels, are indeed very encouraging. Sandwich-panels with different material and technology combinations have already been produced and evaluated, fulfilling critical tests of EN45545 or FAR25.853 standards for various applications.
EconCore;s newly developed and patented manufacturing process demonstrates significant cost saving potential due to a high-speed and fully integrated continuous production process, where thermoplastic polymers are directly converted into a honeycomb structure and where, in addition, the sandwich skin layers can be immediately laminated onto core.
Arne Böttcher, responsible for market development of the Maezio™ brand in the EMEA region:
“The sandwich technology of EconCore is especially interesting for lightweight applications Covestro is targeting with Maezio™.”
Klaus Kraner, responsible for mass transportation applications in the Polycarbonates segment at Covestro:
“The outstanding manufacturing process of EconCore allows tailoring our materials into lightweight sandwich panel solutions for our customers,” said.”
Tomasz Czarnecki, COO of EconCore N.V.:
“After succeeding in other application domains, we have decided to address inquiries of the higher end markets. The process has been proven to work very well with a wide range of thermoplastic materials, including these with FST chemistry, while EconCore’s technology has demonstrated its capability of delivering high-performance sandwich panels at high efficiency and cost levels not achievable with conventional methods. We look forward to this new development and to continuing the partnership with Covestro. The polycarbonate-portfolio of our partner, combined with the composite solutions of Maezio™, provides us with the variety and quality of materials needed to meet the high technical requirements in mass-transportation markets. This journey is not only about making thermoplastic honeycomb cores. Imagine the potential benefits for the aerospace industry, if it had the option to thermoform sandwich panels into finished parts in a one-shot operation. The industry, already inclining to monolithic thermoplastic composites, has not seen such a change for decades.”
Covestro and EconCore will both exhibit at the upcoming JEC World 2019 exhibition.
Covestro is among the world’s largest polymer companies with EUR 14.1 billion sales reported in 2017 while EconCore, based in Leuven, Belgium, is the world leader in technologies for economic honeycomb sandwich material production.
SOURCE: Covestro
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