Tag: Strategy

Uber rival Bolt has closed another tranche of funding at a $1B+ valuation

Uber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development, TechCrunch has learned and confirmed that Bolt, the Estonian ride-sharing, scooter and food delivery company that operates across Europe —… Continue reading Uber rival Bolt has closed another tranche of funding at a $1B+ valuation

European Union aims to be self-sufficient in EV battery manufacturing

The EU has joined hands with manufacturers, development banks and commercial lenders to create an ecosystem to invest $113 billion for the lithium-ion battery pack production to power EVs. New Delhi: European Union is planning to become self-sufficient when it comes to battery production for the electric vehicles. The EU has already joined hands with… Continue reading European Union aims to be self-sufficient in EV battery manufacturing

VW to deepen alliances with battery suppliers for electric push

LEIPZIG, Germany (Reuters) – Volkswagen (VOWG_p.DE) will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters. FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April… Continue reading VW to deepen alliances with battery suppliers for electric push

New battery tech faces a long road to mass adoption

The Ni family, based in Suzhou near Shanghai in China, bought their first electric hybrid car, a BYD Qin, five years ago. With a 30 per cent discount and free insurance thrown in they were pleased with their purchase. Since then, they have had to buy two replacement batteries. Now, expecting a baby, they want… Continue reading New battery tech faces a long road to mass adoption

Clean mobility: Putting an end to polluting trucks. Commission welcomes first-ever EU standards to reduce pollution from trucks

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Clean mobility: Putting an end to polluting trucks. Commission welcomes first-ever EU standards to reduce pollution from trucks

19/02/2019The European Parliament and the Council today reached provisional agreement on a Regulation setting, for the first time in the EU, strict CO2 emission standards for trucks.
Today's deal follows the agreement reached in December on new CO2 emission standards for cars and light vans in the EU for the period after 2020. As part of the sets of legislative proposals on clean mobility introduced by the Juncker Commission, it is a further stepping stone for modernising the European mobility sector and preparing it for climate neutrality in the second half of the century. Under today's agreement, emissions from new trucks will have to be 30% lower in 2030 compared to the 2019 emissions.
The new legislation will help Member States' emission targets, incentivise innovation, promote clean mobility so..

Electric Porsche Taycan makes dynamic debut at Goodwood

The electric motors are similar in design to the unit employed on the petrol-electric hybrid driveline used by the Le Mans-winning 919 Hybrid, with a solenoid coil featuring rectangular, rather than round, wiring. This has enabled Porsche to package the copper wires within the solenoid coil more tightly together to make the electric motors smaller… Continue reading Electric Porsche Taycan makes dynamic debut at Goodwood

Comment: After BMW’s departure, tough decisions are now being made at BMW

BMW Group headquarters The automobile company has lost its lead in electromobility in recent years and at the same time a revenue problem. (Photo: DAPD) Profit warning, power struggles and an increasingly unsettled workforce: The news from the BMWHeadquarters have not been good in recent months. The pressure on CEO Harald Kruger was great. Now… Continue reading Comment: After BMW’s departure, tough decisions are now being made at BMW

Jaguar Plans In-House Battery Pack Production Capacity Of 150K / Year

Jaguar Land Rover announced the production of new electrified models, drive units and battery packs in the UK. Calls to build battery cell gigafactory. The official statement from Jaguar Land Rover says that the company is gearing up for the production of an entire range of electrified models in the UK. The first model confirmed for… Continue reading Jaguar Plans In-House Battery Pack Production Capacity Of 150K / Year

JLR calls for UK ‘gigafactory’ as it invests in electric vehicles

“ Jaguar Land Rover’s recent calls for a UK ‘gigafactory’ to ease the transition to electrification for the struggling car industry appear more relevant than ever, as plans for a new range of electric cars at its Castle Bromwich plant are revealed. JLR has big electrification plans – image courtesy of JLR. The automotive industry’s… Continue reading JLR calls for UK ‘gigafactory’ as it invests in electric vehicles