Category: Automotive

NIO Announces US$200 Million Private Placement of Convertible Notes

SHANGHAI, China, Sept. 05, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced that it has entered into convertible note subscription agreements with an affiliate of Tencent Holdings Limited (“Tencent”) and Mr. Bin Li, chairman and chief executive officer of the Company… Continue reading NIO Announces US$200 Million Private Placement of Convertible Notes

Kia Mohave scores 7,000 preorders, aims to sell 20,000

Kia Motors’ premium large sport utility vehicle Mohave has returned with a revamped look and high-tech features, along with an aim to sell 20,000 vehicles a year.To make the vehicle “a timeless icon,” the company has imbued it with a “rugged but progressive” design in the inside and outside of the vehicle.The Mohave is being offered in two types: the Master and Platinum, priced at 51.6 million won and 47 million won ($43,100 and $39,300), respectively.

GAC Motor automaker to sell first Chinese electric cars in Israel

JERUSALEM, Sept. 5 (Xinhua) — Chinese electric cars will be sold for the first time in Israel starting in the first quarter of 2020, as an Israeli dealership will offer models of GAC Motor, China's leading auto maker, the Hebrew-language newspaper Yedioth Ahronoth reported on Thursday.
The GAC Motor electric car models that will be sold in Israel are Aion S and Trumpchi GE3.
Aion S, a compact sedan car, was unveiled in November 2018 by GAC NE, GAC Motor's energy vehicle arm.
The length of the Aion S is 4.77 meters and its wheelbase is 2.75 meters. The 58.8 kWh battery capacity gives the Aion S a minimum driving range of 510 kilometers.
The Trumpchi GE3, launched in 2017, is a subcompact crossover SUV (sport utility vehicle) with a length of 4.35 meters and a wheelbase of 2.56 meters.
It is equipped with a 47-kWh battery and has a driving range of 310 km.
The Israeli importing company of GAC electric cars will be a new subsidiary of Union Group, a Toyota Israeli car importer ..

Volkswagen: Prosecutors will soon decide on charges against VW boss Herbert Diess

Herbert dies If there is an indictment against him, it would leave more than just scratches on his person. (Photo: imago images / Sven Simon) Dusseldorf The step of the authority surprised everyone in the Volkswagen Group, And he marked the blackest hour in the history of the car manufacturer. It was the 9/18/2015, and… Continue reading Volkswagen: Prosecutors will soon decide on charges against VW boss Herbert Diess

Williams reveals lighter yet longer-range EV battery module

Williams Advanced Engineering has developed a new type of lithium ion battery module that could make automotive battery packs up to 30% lighter and 37% more energy dense. The new module, unveiled at the annual Cenex low-carbon vehicle event in Bedfordshire, could have wide-reaching benefits if the tech is licensed to EV manufacturers. The innovation means a battery of… Continue reading Williams reveals lighter yet longer-range EV battery module

Volkswagen to launch new e-Up with longer range, lower price

Volkswagen will launch a new version of its e-Up electric city car, with an increased range of 161 miles and a reduced base price, at the Frankfurt motor show. The new model will switch the 18.7kWh lithium ion batteries from the current model, with a range of around 118 miles, for 32.3kWh batteries. VW says they will… Continue reading Volkswagen to launch new e-Up with longer range, lower price

Car industry encouraged by rising EV sales

UK new car sales dipped by just 1.6% in August, while sales of electric and hybrid cars continued to surge. In total, 92,573 cars were registered last month, according to the Society of Motor Manufacturers and Traders (SMMT), 1521 fewer than in August 2018. While the decline is notably lower than the 3.4% average decline for… Continue reading Car industry encouraged by rising EV sales

Lime stops working with freelancers in Paris

Scooter startup Lime is ending the juicer model in Paris. The company has announced that it will stop working with freelancers to recharge scooter batteries at night. Lime is switching to Amazon’s model by partnering with third-party companies. Lime has often been criticized for relying on freelancers to take care of its scooters. As Libération… Continue reading Lime stops working with freelancers in Paris