Volkswagen AG is exploring potential investments in Chinese automotive suppliers as it seeks to secure access to key technology in the world’s largest car market, people familiar with the matter said.
Tag: VW
Volkswagen mulls buying stake in Chinese auto suppliers
Volkswagen AG is exploring potential investments in Chinese automotive suppliers as it seeks to secure access to key technology in the world’s largest car market, people familiar with the matter said. Options under discussion include buying equity stakes or forging joint ventures with Chinese suppliers, particularly firms with technology used in electric vehicles, according to… Continue reading Volkswagen mulls buying stake in Chinese auto suppliers
Volkswagen to install 4,000 EV charging points by 2025
Volkswagen to install 4,000 EV charging points by 2025
Typically Porsche
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Donkervoort D8 GTO-JD70 – Donkervoort celebrates its founder’s birthday with a high-powered gift of its own
Dutch sportscar legend Joop Donkervoort has delivered his customers a very Donkervoort-style birthday surprise with the announcement of the JD70 supercar today. The modern Dutch master turns 70 today and his Donkervoort Automobielen operation delivered in style with a super-light, ferociously fast tribute to pass on to both new customers and to car industry’s most… Continue reading Donkervoort D8 GTO-JD70 – Donkervoort celebrates its founder’s birthday with a high-powered gift of its own
Porsche invests $2 mn in Israeli AI tech startup
The Israeli solution is based on nearly a decade of advanced nanophotonics research Jerusalem, German luxury auto manufacturer Porsche has invested $2 million in Israeli startup TriEye, which has developed visibility enhancement technology in harsh weather conditions, the two companies said. TriEye, founded in 2017 and headquartered in the coastal city of Tel Aviv, has… Continue reading Porsche invests $2 mn in Israeli AI tech startup
Volkswagen to reveal new logo at Frankfurt motor show
Volkswagen will unveil a redesigned logo as part of a major rebranding at this year’s Frankfurt motor show, coinciding with the launch of the new ID 3 electric hatchback. Called New Volkswagen, it has been developed to make the brand appear “significantly younger, more digital and more modern”. It has been in development for more than three years and has… Continue reading Volkswagen to reveal new logo at Frankfurt motor show
Audio specialist: Sennheiser is again successful – and enters the automotive industry
Daniel (left) and Andreas Sennheiser Painful, but successful renovation. (Photo: imago images / Future Image) Dusseldorf Andreas and Daniel Sennheiser get high visit next Thursday. Federal Minister of Economics Peter Altmaier (CDU) pays a visit to the entrepreneurs on his journey through the middle class. Her grandfather Fritz founded the “Laboratory Wennebostel” in Hanover in… Continue reading Audio specialist: Sennheiser is again successful – and enters the automotive industry
Survey: Range, cost, infrastructure sum up why shoppers avoid EVs
We’ve heard it repeatedly as the result of various polls and surveys: Active and prospective car shoppers are interested in fully electric vehicles and eager to go electric.
The AAA, for instance, has in annual surveys for the past three years found that 15 to 20 percent of Americans “will likely go electric in their next vehicle purchase.”
With battery electric vehicle sales remaining around five percent of the U.S. vehicle market, why are some Americans not yet making the leap? The lack of variety in fully electric vehicle types is certainly part of it, but as a new survey points out, the reason shoppers are avoiding EVs still boils down to some familiar reasons.
Car shoppers' EV avoidance reasons – Autolist
In the poll of 1,567 “current car shoppers,” conducted earlier this month and released Tuesday, Autolist found the primary reasons for avoiding electric vehicles—in order—to be driving range, the price relative to similar gas vehicles, and the lack of charging infrastructure in their home area. Meanwhile, the most important attributes, in order, were seen as price, range and available charging.
Consumers continue to want high driving-range numbers—and perhaps to the detriment of luxury-priced models like the Jaguar I-Pace and Audi E-tron, they have much higher expectations for rated range from luxury vehicles.
When Autolist asked consumers for the minimum range they’d accept in a $35,000 electric vehicle, the leading answer was “between 250 and 300 miles”—stipulations perhaps most closely met by the Hyundai Kona Electric, with its $37,995 base price and 258-mile EPA-rated range. The Chevrolet Bolt EV and Kia Niro EV are also close to meeting those expectations.
2019 Hyundai Kona Electric
But when Autolist asked the same about a $70,000 EV, the responses, the most common response was “more than 500 miles.”
At an EPA-rated 370 miles, the Tesla Model S Long Range currently holds the top rated range of any regular-production electric vehicle. No EV currently achieves close to 500 miles, or even 400 miles.
2019 Tesla Model S
There’s a riptide beneath these impressions, and that’s age. The survey found a direct and pronounced correlation between age and the importance of EV range. For instance, 32 percent of those 18-23 years old listed range among the top three avoidance issues, while for those over 76 years old it was in the top three for 60 percent. Autolist reports that there was a similar trendline created between age and the importance of the charging network, although that one had an inflection point around age 45.
Also, with rising shopper age, sticker price was less important, but resale value was more important.
A Volvo/Harris poll from earlier this year surveyed both EV drivers and non-EV drivers and found strong belief among both groups that EVs are the future. However 61 percent of respondents indicated that a lack of charging structure held back a purchase. While 38 percent of EV drivers were concerned about running out of power, 58 percent of all drivers combined indicated this concern.
One other figure stood out as especially surprising (and promising for the future of the technology): 55 percent of respondents said that the EV would be their primary—not secondary—vehicle if they bought one today. The survey also found that 69 percent supported tax rebates and other incentives aimed toward the wider adoption of EVs. That echoes the bipartisan support of the tax credit earlier this year, after it had been potentially on the chopping block.
Lamborghini Pulls Into Sight of Ferrari With $11 Billion Value
For decades, Lamborghini has been known for brash supercars that combine brute power and daring design, like the classic Miura or the edgy Countach. Now the Italian company’s successful push into more comfortable sport utility vehicles has helped boost its valuation to $11 billion, making it a viable initial public offering candidate for owner Volkswagen AG, according to Bloomberg Intelligence analysts.