Stuttgart, Germany – The Bosch Group is continuing on its successful course: despite the difficult economic conditions and weak markets, sales and result in 2018 once again reached last year’s level, which was an all-time high. According to preliminary figures, the supplier of technology and services generated sales from operations of 77.9 billion euros last… Continue reading Bosch: sales and result once again on record level in 2018
Tag: Manufacturing
Meritor (MTOR) Earnings Surpass Estimates in Q1, Rise Y/Y
Shares of Meritor, Inc. MTOR have gained 9.9% in a day’s trading, following the first-quarter fiscal 2019 (ended Dec 31, 2018) earnings release. During the reported quarter, the company recorded adjusted earnings of 79 cents per share compared with 62 cents a year ago. The figure surpassed the Zacks Consensus Estimate of 60 cents. Adjusted… Continue reading Meritor (MTOR) Earnings Surpass Estimates in Q1, Rise Y/Y
Don’t worry about coal, electric cars are still cleaner
Smokestacks pollution air quality
One of the easiest ways for electric-car drivers to get in an argument is discussing how much coal-fired electricity contributes to pollution.
Now a new study by BNEF (a Bloomberg spinoff) can help give electric-car drivers some peace of mind in these arguments. It shows that electric cars are cleaner—even when they do run on primarily coal-generated electricity.
READ THIS: UCS report shows electric cars get even cleaner in 2018
The study showed examined electric-car emissions in China, the U.S., U.K., Germany, France, and Japan, and found that, even accounting for the energy used in producing EV batteries, electric cars produce about 40 percent fewer greenhouse gases than the average internal combustion car around the world.
BNEF study shows EV emissions falling faster than gas engines as power grid gets cleaner
In countries such as Britain, which use a higher proportion of renewable energy, the difference is even greater. The rate in Britain in 2018 was about 27 percent of the average.
Even in China, where more than 60 percent of electricity is produced from coal, electric cars are responsible for about 20 percent lower greenhouse-gas emissions than the average internal combustion car in the world, the study reports.
And while fuel economy of gas cars is improving, it is not improving as fast as electricity production is getting cleaner, so the gap between emissions from electric cars and internal combustion cars is growing.
DON'T MISS: EPA: Cleaner power generation offset increase of vehicle emissions in 2017
The numbers jibe with those widely cited from the Union of Concerned Scientists, which show that even in areas of the U.S. with the dirtiest electric grid—one which relies on the largest amounts of coal power—an electric car produces fewer emissions than a conventional hybrid that gets 50 mpg. That applies to hybrids in 90 percent of the country, according to UCS.
UCS 2016 EV emissions mpg map
Like UCS, the more international BNEF study considered that countries around the world are reducing their dependence on coal in favor of more renewable energy generation from wind, solar, and other sources.
The study notes that this is true in almost every region of the world except for Southeast Asia.
Nikola Motors Targets Laid Off Tesla Workers
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Clean Transport Published on January 29th, 2019 | by Steve Hanley
Nikola Motors Targets Laid Off Tesla WorkersTwitterLinkedInFacebookJanuary 29th, 2019 by Steve Hanley
Trevor Milton, CEO of Nikola Motors, is using LinkedIn to invite workers laid off recently by Tesla to apply for work at his company. “Forward this on to all Tesla workers,” the message says. “Anyone who was affected by the #tesla layoffs, please let me know and I’ll try to get you in front of our HR to be reviewed. We have hired as many as fit our positions from the #faraday and #gm layoffs so this is not a bash on Tesla. We are hiring hundreds of positions and have large cash reserves with a great company culture.” (h/t The Drive)
Tesla and Nikola have not had the most cordial of relationships in the past. As we’ve reported before, Nikola has sued Tesla, claiming Tesla’s all-electric Semi is a thinly disguised knockoff of its own proposed vehicle, which will be powered by electricity from hydrogen fuel cells. Nikola says Tesla has copied its idea for a central opening and wraparound windshield, among other things.
If Nikola’s claims are accurate, it has taken reservations worth $8 billion for its truck — enough to cover the cost of 7,000 vehicles. By contrast, Tesla is believed to have received about 650 pre-orders for its Semi. Neither company has announced when production is expected to begin.
Milton is at pains to make it clear this latest move is not a knock on Tesla but simply an attempt to help talented people who suddenly find themselves out of a job. “I feel for everyone that goes through that especially with financial obligations. If #tesla could they would keep everyone but it’s the result in growing in a competitive market. I hope I can help all those affected.”
To be clear, Milton is not saying his company will hire all former Tesla employees who apply. His offer is only to expedite the application process if they choose to come work at Nikola. One clear advantage is that Nikola Motors is based near Salt Lake City, Utah, where the cost of housing is considerably less than in the superheated real estate market of Silicon Valley.
One unanswered question about Nikola’s business plan is where its customers will be able to refuel their trucks once they are produced and on the road. Hydrogen refueling stations can cost $2 million or more while EV charging equipment runs a few hundred thousand at most, even for the Megachargers Tesla will need to recharge its own electric trucks.
Then there is the question of where to obtain a supply of hydrogen. In the United States, most hydrogen comes from natural gas and most natural gas comes from fracking — one of the dirtiest energy technologies of all. Between the harm caused to the environment by injecting water loaded with chemicals deep underground and the damage caused by methane emissions from fracking operations, the natural gas that results has a carbon footprint equivalent to coal.
It’s hard to see how Nikola’s fuel cell powered trucks can claim to have the same environmental benefits of the Tesla Semi. Which is important, since the whole point of electric trucks is to reduce carbon emissions from the transportation sector. Nikola Motors may have 7,000 reservations for its truck, but if so, the companies who placed those orders are being very quiet about their commitments.
About the AuthorSteve Hanley Steve writes about the interface between technology and sustainability from his home in Rhode Island and anywhere else the Singularity may lead him. His motto is, “Life is not measured by how many breaths we take but by the number of moments that take our breath away!” You can follow him on Google + and on Twitter.
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Toyota Production in North America Nearly 2 Million in 2018
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Britain’s luxury automakers prepare for worst as Brexit looms – Automotive News Europe
Britain would suffer most if it lost free trade with European markets since 80 percent of vehicles assembled in the country are exported, mostly to the European Union. But for Germany the stakes are also high. In 2016, Britain was the largest single export market for German manufacturers, who sold 800,000 new cars there, or… Continue reading Britain’s luxury automakers prepare for worst as Brexit looms – Automotive News Europe
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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Volkswagen Group China, Anhui Jianghuai Automobile Group Corp. and SEAT to establish new R&D center on developing electric vehicles, connectivity and autonomous driving technologies – Volkswagen Group China today signed a Memorandum of Understanding with Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) and SEAT in Berlin, in the presence of German Chancellor Angela Merkel and Chinese Premier Li Keqiang. The three groups will together establish a new R&D center with a focus on developing electric vehicles…
Renault Trucks to launch range of electric vehicles in 2019 – Electromobility is the cornerstone of Renault Trucks´ strategy to highlight sustainable urban transport. Zero-emission vehicles help improve air quality, curb climate change and also reduce congestion thanks to noise-free out-of-hours deliveries…
Siemens Mobility’s new tram Avenio M begins service on new Line 2 in Ulm, Germany – The Avenio M from Siemens Mobility has begun service on the new Line 2 in Ulm, Germany. The approximately ten-kilometer long tram line, which connects Ulm’s Science City with the Kuhberg district…
IAA Cars 2019 launches new formats to give visitors an all-round experience of the mobility solutions of tomorrow – The IAA Cars 2019, which will take place in Frankfurt from September 12 to 22, is the leading international platform for the mobility of tomorrow. The IAA 2019 is heading into new territory by launching new formats such as the IAA Conference and the IAA Experience…
ABB strengthens #2 global position in electrification with the completion of GE Industrial Solutions acquisition – ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year…
Leading OEMs Meet to Discuss Electrification and 48V Architectures in Europe – Co-located with the Electric Vehicle & Hybrid Vehicle Technology Conference Europe, the two-track event brings together over 70 high-calibre speakers to examine the major topics currently affecting the battery industry…
Eni to acquire 20% equity in ADNOC Refining for $3.3 billion after deduction of the net debt and subject to closing adjustments – The agreed price for the 20 percent stake in the refinery, being $3.3 billion, corresponds to an enterprise value of approximately $3.9 billion (Eni share). The acquisition is subject to satisfaction of a number of conditions precedent, including clearance from UAE and other regulatory authorities…
Worldline completes SIX Payment Services acquisition; SIX now holds 27% equity stake in Worldline – As communicated in May 2018, SIX, the parent company of SIX Payment Services, announced today the completion of the acquisition of SIX Payment Services by Worldline. As part of this transaction SIX now holds a 27% equity stake in Worldline and will take two seats in the Worldline Board of Directors…
Sweden based mobility provider NEVS unveils In-Motion concept of the future urban mobility solutions at CES Asia 2017 – The NEVS InMotion concept has been created as a vision for level 5 autonomous vehicle, where the interior will be adapted for what the passengers need it for. Flexibility is a key word for InMotion…
Swedish NEVS at CES Asia: Our solution goes far beyond car ownership – we are rethinking mobility as a whole – For the first time, NEVS displays the InMotion Concept. This is a totally new way of showing flexible future urban mobility in a major city, with many new exciting features, both when it comes to design and functions…
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GBS APPRENTICE & PLACEMENT STUDENT ON TRAINING COURSE….
Our Apprentice Thomas Slaney & Placement Student Dominic Wills were both on an Edgecam Apprentice Training Course for a few days last week. They both went to Wakefield where they attended the Edgecam Standard and Essential Milling training course. The course was classroom based and led by an Edgecam trainer where they covered several areas of the… Continue reading GBS APPRENTICE & PLACEMENT STUDENT ON TRAINING COURSE….
Bosch buys out Daimler at EM-motive
Automotive supplier Robert Bosch has acquired Daimler’s stake in EM-motive, a manufacturer of motors for electric and hybrid cars set up as a joint venture by both companies. For Bosch, the acquisition is the “next logical step on the path to market leadership in electromobility”, said Stefan Hartung, member of the company’s board of management… Continue reading Bosch buys out Daimler at EM-motive
Minda Industries acquires telematics hardware biz of KPIT Engineering
January 30, 2019 Automotive parts supplier Minda Industries Ltd., has acquired the location-tracking (telematics) hardware business of KPIT Engineering, which provides IT consulting and product engineering services to automakers, it said in a stock exchange filing. Minda makes automobile components, including horns, air filtration systems, seatbelts and speakers. It has 58 manufacturing plants globally, with… Continue reading Minda Industries acquires telematics hardware biz of KPIT Engineering