CATL gained another customer – Honda will buy 56 GWh in less than 7 years CATL announced an interesting cooperation agreement with Honda Motor Co. on batteries for electric vehicles. We are wondering how Panasonic received such news. According to the press release, CATL and Honda will jointly develop batteries for further Honda models, offered… Continue reading China’s CATL & Honda Sign Massive EV Battery Deal
Tag: Electric vehicles
Lime raises $310 million Series D round led by Bain Capital Ventures and others
Lime just announced it has raised a $310 million Series D round. Led by Bain Capital Ventures, Andreessen Horowitz, Fidelity Ventures, GV and IVP, the round values Lime at $2.4 billion. “This new investment demonstrates the fundamental strength of our business and the increasingly rapid adoption of Lime,” Lime CEO Toby Sun wrote in a… Continue reading Lime raises $310 million Series D round led by Bain Capital Ventures and others
Honda secures battery supply contract for about 1 million electric vehicles with CATL
Honda hasn’t been one of the most active automakers when it comes to electrification, but it is now making some big moves, including securing a battery cell supply contract for about 1 million electric vehicles with CATL, one of the largest battery manufacturers in the world. Yesterday in Tokyo, Contemporary Amperex Technology Co., Ltd. (CATL) and Honda… Continue reading Honda secures battery supply contract for about 1 million electric vehicles with CATL
GM is going ‘all-electric,’ but it doesn’t expect to make money off EVs until early next decade
Bill Pugliano | Getty Images
Mary Barra, Chairman and CEO of General Motors, and Mark Reuss, Executive Vice President of GM Global Product Development, reveal the Chevrolet Bolt EV to the news media at the 2016 North American International Auto Show January 11th, 2016 in Detroit, Michigan.
General Motors does not expect its electric vehicles to turn a profit for at least a few more years, CEO Mary Barra told investors on Wednesday.
The largest U.S. automaker repeated its commitment Wednesday to make its entire vehicle lineup “all-electric,” but provided investors with few details of those plans on a conference call after GM reported fourth quarter earnings that beat expectations.
However, GM is clear that its electric vehicles won't make money until “early next decade,” Barra said.
Making money off electric vehicles has long been considered a major challenge for automakers, which are pouring money into electric vehicle, EV, technology in the face of fluctuating oil prices, government initiatives to reduce carbon pollution and excitement over Tesla.
America is falling back in love with trucks and SUVs, and that's causing big changes at big car companies
10:38 AM ET Tue, 5 Feb 2019 | 04:45
The California-based electric car maker has recently pulled off two profitable quarters in a row after losing money for years. Tesla CEO Elon Musk has said in the past he expected Tesla to start turning regular profits beginning in the third quarter of 2018. So far the company has made good on that promise, but some investors are still cautious, if not skeptical the company can maintain that momentum.
Barra also demurred when asked when customers can expect to see an electric pickup truck from GM, saying simply that GM is “committed to an all-electric future” and to “stay tuned” for more news.
Meanwhile, other automakers have announced their intentions to move further into electric vehicles. For example, Ford is planning an all-electric version of its best-selling F-150 full-size pickup. Its first foray into EV's will be a new crossover inspired by the Mustang that executives say will be built for driving enthusiasts.
GM recently said it plans to make its luxury brand Cadillac the lead brand for its electrification efforts.
President and Chief Operating Officer Duane Hughes to Chief Executive Officer
Workhorse Group Promotes President and Chief Operating Officer Duane Hughes to Chief Executive Officer CINCINNATI, Feb. 05, 2019 (GLOBE NEWSWIRE) — The Board of Directors of Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has promoted President and Chief Operating Officer… Continue reading President and Chief Operating Officer Duane Hughes to Chief Executive Officer
Hydro-Québec to deploy 1,600 fast charging stations over the next 10 years
Québec’s public utility, Hydro-Québec, has announced that it will install 1,600 fast charging stations over the next 10 years. It has already deployed 22 new fast charging stations in 2019, and hopes to deploy about 100 in total by the end of the year. as part of its public charging network the Electric Circuit. The… Continue reading Hydro-Québec to deploy 1,600 fast charging stations over the next 10 years
Connected Kerb Curbside Charging Rolls Out In London
A new kerbside EV charging system has been rolled out across south London. In partnership with Southwark Council, Connected Kerb has installed the first of its new charging network with points installed into kerbs, and it is expected to be adopted by the rest of London in the not-too-distant future once other local authorities get… Continue reading Connected Kerb Curbside Charging Rolls Out In London
Porsche Expands Charging Service In Europe To 49,000 Charging Points
5 H BY MARK KANE New features and markets included in Porsche Charging Service Porsche is expanding its Porsche Charging Service – launched in May 2018 – to five new countries, which will enable access to more than 49,000 charging points under single contract, through Porsche ID card or smartphone app. The service was initially… Continue reading Porsche Expands Charging Service In Europe To 49,000 Charging Points
Making Cities More Liveable with Electric Vehicles
Last year Lyft became the first and only company of our kind to become carbon neutral. This year, we’re upping our commitment to the environment as the next step in our Green Cities Initiative. In 2019, Lyft will work to introduce thousands of electric vehicles (EVs) onto our platform, and will make it easier for… Continue reading Making Cities More Liveable with Electric Vehicles
Daimler cuts dividend as downturn, R&D costs hit Mercedes
STUTTGART (Reuters) – Daimler cut its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, hit by trade wars, rising costs for developing electric cars and an industry downturn that has dented even the most profitable carmakers. Daimler said the return on sales at Mercedes-Benz cars fell to 7.3 percent in the fourth… Continue reading Daimler cuts dividend as downturn, R&D costs hit Mercedes