February 8, 2018 Ionic Materials Inc., a battery-material developer backed by Silicon Valley luminary Bill Joy, raised $65 million to build a production line and commercialize its technology. Investors in the Series C funding round include Joy and Alliance Ventures, a venture capital company comprising automakers Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. Ionic declined to identify other participants.… Continue reading Tech guru Bill Joy’s Ionic Materials raises $65m from Nissan, Mitsubishi, others
Tag: Manufacturing
Tesla reports record loss but says outlook is positive
Electric car maker Tesla has notched up its biggest ever quarterly loss and said it “learned many lessons” from its crucial Model 3 production plans. The firm’s future hangs on the Model 3 sedan, but it has so far struggled with production bottlenecks. Tesla reported a loss of $675.4m (£487m) in three months to 31… Continue reading Tesla reports record loss but says outlook is positive
Battery Startup Ionic Materials Gets $65M Jolt From Nissan & Others
February 7th, 2018 Big automakers are betting that solid-state battery technology from Massachusetts-based startup Ionic Materials could eventually challenge the standard lithium-ion batteries used in today’s electric vehicles. Woburn, MA-based Ionic announced Wednesday it secured $65 million in a Series C funding round. The investors include Alliance Ventures—a venture capital fund backed by carmakers Nissan,… Continue reading Battery Startup Ionic Materials Gets $65M Jolt From Nissan & Others
Elon Musk’s Tesla announces biggest quarterly loss ever
Tesla Elon Musk’s Tesla announces biggest quarterly loss ever Loss of $675.4m announced day after Musk’s car sent into space in test of SpaceX rocket After a big success for his SpaceX company, Musk’s Tesla reported a heavy loss. Photograph: Brendan Smialowski/AFP/Getty Images The tech billionaire Elon Musk sent one of his Tesla electric cars… Continue reading Elon Musk’s Tesla announces biggest quarterly loss ever
Mercedes-Benz reveals new Sprinter
07 February 2018 #News #SMMT News #TNB News #Top Stories #Van Mercedes-Benz has revealed the third generation of its Sprinter van, which is available for delivery from June this year. Amongst the enhancements in this new model, Mercedes-Benz claims the van’s comfort and safety is comparable with a passenger car, as well as lower operating… Continue reading Mercedes-Benz reveals new Sprinter
Feature: How vehicle-to-grid technology could turn EVs into mobile power stations in the future
Vehicle-to-grid technology could be the next big thing for plug-in commercial vehicles. The future concept involves selling surplus energy from batteries – i.e. any range that is left at the end of the working day – back to the grid. Conceptually, this would be done at peak energy times, when costs are higher, and the… Continue reading Feature: How vehicle-to-grid technology could turn EVs into mobile power stations in the future
(LEAD) Kia unveils new compact SUV in India
(ATTN: ADDS details throughout) NEW DELHI, Feb. 7 (Yonhap) — Kia Motors Corp., South Korea’s second-largest automaker by sales, rolled out a new compact SUV concept in India on Wednesday, heralding its full-fledged foray into the local market. The compact SP SUV concept was showcased at the 14th Auto Expo 2018, India’s largest motor show… Continue reading (LEAD) Kia unveils new compact SUV in India
Daimler puts 2.5 billion euros in new vans
Daimler modernized a bestseller: 2.5 billion euros, the Group wants to spend on a new version of the Sprinter. From 2019, the van should also roll over the roads with an electric motor. Tuesday, 06.02.2018 19:38 clock The vehicle manufacturer wants to invest 2.5 billion euros Daimler to boost its van sales. The money will… Continue reading Daimler puts 2.5 billion euros in new vans
Third quarter: Mazda sets another global sales record
Setting a new best mark for the third consecutive year, Mazda Motor Corporation recorded global sales of 1,186,000 units between April and December 2017, the first nine months of the carmaker’s 2017-18 fiscal year. That was 25,000 (2%) more than in the same period of 2016*. Around the world, Mazda’s crossovers – led by the… Continue reading Third quarter: Mazda sets another global sales record
Volkswagen and Daimler report bottlenecks: Caught in the German electric car production hell
All articles and backgrounds 07/02/2018 Volkswagen and Daimler report bottlenecks trapped in German electric car production hell Volkswagen AG Gläserne Manufaktur in Dresden: This is where the E-Golf comes into being – in small numbers When it comes to e-Golf, Bernd Glathe is currently out of the picture. When customers look for the electric car… Continue reading Volkswagen and Daimler report bottlenecks: Caught in the German electric car production hell