BorgWarner Inc. announced Tuesday and equity transfer agreement to buy the electric vehicle (EV) charging business of China-based Hubei Surpass Sun Electric (SSE) in a deal valued at up to RMB410 million ($58.5 million). The deal includes RMB267 million to be delivered around the closing, which is expected to occur in the first quarter of… Continue reading BorgWarner to buy EV charging business of China-based Hubei SSE
Tag: Electric vehicles
Tesla extends FSD access amid regulator scrutiny
Tesla is extending access to its advanced driver assistance system, Full Self-Driving (FSD) Beta version 10.69.2.2, to 160,000 owners in the U.S. and Canada, according to a tweet Monday from Tesla CEO Elon Musk. Around 100,000 Tesla owners currently have access to the controversial driver assist system, which, for a price tag of $15,000, promises… Continue reading Tesla extends FSD access amid regulator scrutiny
Mullen to bid for bankrupt Electric Last Mile Solutions
Mullen Automotive is the leading bidder on bankrupt commercial EV maker Electric Last Mile Solutions, its second major deal this month as it strives to deliver its own electric vehicle. The California-based automaker placed a stalking horse bid of nearly $92 million to buy ELMS, which had been developing a commercial EV called the Urban… Continue reading Mullen to bid for bankrupt Electric Last Mile Solutions
Amazon throws more weight behind e-fuels to see if they stick
Starting next year, Amazon plans to pump electrofuels into some of its diesel delivery vans in a deal with Infinium. Amazon didn’t say what it’s paying, nor for how much synthetic fuel, but the conglomerate intends to cover “approximately 5 million miles of travel per year” using e-fuels, it said in a statement. It’s not… Continue reading Amazon throws more weight behind e-fuels to see if they stick
Hertz and GM Plan Major EV Expansion
Hertz plans to order up to 175,000 EVs from GM over the next five years Hertz to offer Chevrolet, Buick, GMC, Cadillac and BrightDrop EVs across multiple vehicle categories Deliveries of Chevrolet Bolt EV and Bolt EUV expected to begin in the first quarter of 2023 ESTERO, Fla. and DETROIT, Sept. 20, 2022 /PRNewswire/ —… Continue reading Hertz and GM Plan Major EV Expansion
CATL showcases all-scenario solutions and services for commercial applications at IAA Transportation 2022
HANOVER, Germany, Sept. 20, 2022 /PRNewswire/ — CATL, a global leader of new energy innovative technologies, showcases its cutting-edge technologies and product portfolio at IAA TRANSPORTATION 2022, which takes place in Hanover, Germany from September 20 to 25. Continue Reading CATL’s commercial application products are equipped with LFP battery system, which features long battery life and… Continue reading CATL showcases all-scenario solutions and services for commercial applications at IAA Transportation 2022
GM will sell 175,000 electric vehicles to Hertz over the next five years
/ The order is the largest yet from the rental car company The Chevy Equinox EV will likely be among the vehicles purchased by Hertz.Photo by Andrew Hawkins / The Verge General Motors is teaming up with Hertz to expand the number of electric vehicles available on the rental car company’s platform. GM announced it… Continue reading GM will sell 175,000 electric vehicles to Hertz over the next five years
German Handelsblatt: Auto industry: Battle of the auto suppliers: Bosch relegates ZF to second place in the commercial vehicle business005254
Messebesucher auf der IAA Transportation Das Geschäft mit Nutzfahrzeugen gewinnt für die deutschen Zuliefer-Giganten an Bedeutung. (Foto: dpa) Bosch sieht sich nun auch bei Nutzfahrzeugen als weltgrößter Automobilzulieferer – und liegt deutlich vor ZF. Die Bosch-Mobilitätssparte habe den Umsatz wechselkursbereinigt bisher um sechs Prozent gesteigert, erklärte der zuständige Spartenchef Markus Heyn auf der IAA Transportation in… Continue reading German Handelsblatt: Auto industry: Battle of the auto suppliers: Bosch relegates ZF to second place in the commercial vehicle business005254
Subaru, Lexus, AutoNation and Hendrick Take Top Spots in 2022 Reputation Score Report
Report analyzes over 5 million reviews to underscore the importance of listening to customer feedback in a supply constrained industry; highlights the service lane as a major opportunity for improving CX SAN RAMON, Calif., Sept. 20, 2022 /PRNewswire/ — Reputation, the global leader in reputation experience management, today unveiled findings from its annual automotive industry… Continue reading Subaru, Lexus, AutoNation and Hendrick Take Top Spots in 2022 Reputation Score Report
Electric Vehicle Plastics Market Size Worth $13.33 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, Sept. 20, 2022 /PRNewswire/ — The global electric vehicle plastics market size is expected to reach USD 13.33 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 27.5% over the forecast period. The industry is projected to witness significant growth… Continue reading Electric Vehicle Plastics Market Size Worth $13.33 Billion by 2030: Grand View Research, Inc.