An electric car starts to be profitable from 15,000 kilometers a year, according to Rastreator.com

Posted 10/04/2018 11: 37: 26CET MADRID, 10 Apr (EUROPA PRESS) – An electric car, on average, starts to be profitable “with a minimum of 15,000 kilometers per year”, according to the ‘IV Online Comparison Study for Smart Savings’ carried out by the ‘online’ comparator Rastreator.com, which shows that 43% of the population is reluctant to… Continue reading An electric car starts to be profitable from 15,000 kilometers a year, according to Rastreator.com

Magna Steyr to develop smart EV architecture for China’s BAIC Group

The agreement was signed on April 8 in Beijing between Günther Apfalter, president, Magna Europe and Magna Steyr, and Xu Heyi, chairman of BAIC Group. The BAIC Group (Beijing Automotive Industry Holding Co) of China and Magna have announced that they will jointly develop a next-generation smart electric vehicle architecture for the Chinese market. China… Continue reading Magna Steyr to develop smart EV architecture for China’s BAIC Group

Chinese NEV start-up Singulato to invest big in Suzhou

Singulato’s CEO Shen Haiyin attends the launching ceremony of an electric SUV Singulato iS6 in Beijing, April 13, 2017.[Photo/VCG] NANJING – Chinese new energy vehicle (NEV) start-up Singulato Motors announced Saturday plans to invest 15 billion yuan ($2.39 billion) in the manufacturing hub of East China’s Suzhou over the next five years. A partnership between… Continue reading Chinese NEV start-up Singulato to invest big in Suzhou

News Release – Magna to Develop Electric Vehicle Architecture for BAIC Group

Please click HERE for a PDF version of this release. • Joint program for next generation of EV architecture• Magna to enhance its relationship with one of China’s largest OEMs • First project with BAIC Group to support their electrification strategy BEIJING, April 9, 2018 — BAIC Group (Beijing Automotive Industry Holding Co., Ltd.) and Magna… Continue reading News Release – Magna to Develop Electric Vehicle Architecture for BAIC Group

Uber moves into multimodal transportation with acquisition of bike-share startup JUMP

Uber is acquiring JUMP, a dockless, electric bike share startup. (Uber Photo) Uber is expanding further into the competitive dockless bike-sharing space with the acquisition of JUMP. JUMP CEO Ryan Rzepecki announced his electric bike-sharing startup will join Uber but retain its distinct brand in a blog post Monday. Terms of the deal were not disclosed… Continue reading Uber moves into multimodal transportation with acquisition of bike-share startup JUMP

BMW and Mini launch pay-as-you-go subscription service

BMW and Mini have launched a subscription service that rolls all the costs of car ownership into monthly instalments. Payments, which start from £131 per week (equating to around £568 a month), include the costs of insurance and maintenance, as well as breakdown cover, as one bill. Although BMW is the first major car maker to offer such a service… Continue reading BMW and Mini launch pay-as-you-go subscription service

UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes

SAN FRANCISCO (Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the crowded bike-sharing industry. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference… Continue reading UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes

Uber acquires bike-share startup JUMP

Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We’re now hearing that… Continue reading Uber acquires bike-share startup JUMP

EV startup makes technology from the world’s first rally-inspired electric supercar available to the racing world

Media Image filesMiss R teaser video Birmingham, 10 January 2017 – XING Mobility, an electric vehicle startup from Taipei, are exhibiting their full range of electric powertrain solutions at Europe’s largest indoor motorsports show Autosport International. In November last year, XING Mobility revealed ‘Miss R’, their 1 Megawatt (1,341hp) rally-inspired supercar prototype, set for completion… Continue reading EV startup makes technology from the world’s first rally-inspired electric supercar available to the racing world

XING Mobility release footage of rally-inspired electric supercar from on-road/off-road shakedown, before showcasing full EV drivetrain system in commercial truck application

Media Image files Video: Miss R on-road/off-road shakedown– 1’19” Video: XING Mobility’s Miss R Story— 3’ 21” · XING Mobility complete system shakedown runs of MISS R, their 1-Megawatt rally-inspired supercar on and off-road, complete with interim prototype body · The release of world-exclusive test footage coincides with this year’s AutoTronics Taipei show, where Miss… Continue reading XING Mobility release footage of rally-inspired electric supercar from on-road/off-road shakedown, before showcasing full EV drivetrain system in commercial truck application