Facility Enhancements and Operational Upgrades: Advanced manufacturing equipment and technologies, coupled with facility layout improvements, will increase the plant’s operational speed, flexibility and competitiveness. These improvements will expand TMMK’s ability to produce new products, including future electrification. Expansion of Powertrain Capabilities: TMMK’s powertrain operation will increase its product mix with a 2.4-liter turbo engine line.… Continue reading Toyota’s First U.S. Vehicle Plant Shifts Transformation into High Gear
Tag: Electric vehicles
Chinese Carmaker BYD Seeks Up to $1.8 Billion in Share Placement
(Bloomberg) — Chinese car and battery maker BYD Co. is seeking to raise up to $1.8 billion in a share placement, according to terms obtained by Bloomberg. Most Read from Bloomberg The Shenzhen-based company is looking to sell 50 million H-shares at HK$273.5 to HK$279.5 each, which represents an up to 7.8% discount to its… Continue reading Chinese Carmaker BYD Seeks Up to $1.8 Billion in Share Placement
Toyota’s new electric SUV has a solar roof and a steering yoke like Tesla
Toyota released new details about its upcoming electric compact SUV, the BZ4X, which includes an optional solar roof and a steering yoke similar to the one featured in the latest version of the Tesla Model S. The steering yoke, which Toyota describes as having a “wing-shape,” employs a steer-by-wire system, where there is no mechanical… Continue reading Toyota’s new electric SUV has a solar roof and a steering yoke like Tesla
Battrixx launches dual power EV smart batteries
Battrixx, a wholly owned subsidiary of KabraExtrusiontechnik (KET) has launched its 4 kWh Dual Power electric vehicle smart batteries. The company says the smart battery packs are highly reliable, safe and robust for Indian drive conditions. The pack uses two 2kWh smart battery packs in parallel or series designed based on a patented European technology… Continue reading Battrixx launches dual power EV smart batteries
SK Innovation develops next-generation all-solid-state batteries with Solid Powerfrom US
<Sungjoon Lee, head of SK Innovation’s Institute of Environmental Science and Technology (left), and Doug Campbell, CEO of Solid Power, are taking a commemorative photo after signing an all-solid-state battery development and production agreement.> SK Innovation and Solid Power, a US battery maker, will develop a next-generation all-solid-state battery. SK Innovation announced on the 28ththat… Continue reading SK Innovation develops next-generation all-solid-state batteries with Solid Powerfrom US
@Daimler: Daimler performance resilient in third quarter
Unit sales at Mercedes-Benz Cars & Vans decreased due to semiconductor shortage Group revenue of €40.1 billion (Q3 2020: €40.3 billion) at prior-year level EBIT of €3,579 million (Q3 2020: €3,070 million) Industrial free cash flow of €2,249 million (Q3 2020: €5,139 million) Net industrial liquidity of €23.5 billion (end of Q2 2021: €20.9 billion)… Continue reading @Daimler: Daimler performance resilient in third quarter
CEO says Volkswagen has ‘seen the worst’ of the chip shortage – CNN
CEO Herbert Diess told CNN Business on Thursday that the world’s second largest automaker has “seen the worst” of a chip shortage that badly dented its third quarter earnings. “We had really a challenging quarter,” Diess told Anna Stewart during an interview. “We have better [chip] supply now and hopefully months after months we can… Continue reading CEO says Volkswagen has ‘seen the worst’ of the chip shortage – CNN
Tesla’s groundbreaking influence in EV sector appreciated by VW and Ford CEOs – Teslarati
By Joey Klender Posted on October 28, 2021 Tesla’s groundbreaking influence in the electric vehicle sector has been recognized by Volkswagen AG CEO Herbert Diess and Ford CEO Jim Farley, who both recognized the automaker and CEO Elon Musk’s efforts as the benchmark for the sector. It is no secret Tesla and Musk have been… Continue reading Tesla’s groundbreaking influence in EV sector appreciated by VW and Ford CEOs – Teslarati
GM can ‘absolutely’ catch Tesla in EV sales by 2025, says CEO Mary Barra – CNBC
GM can ‘absolutely’ catch Tesla in EV sales by 2025, says CEO Mary Barra CNBC Mary Barra Says GM Can Catch Up To Tesla In EV Sales By 2025 GM Authority GM CEO is confident they can catch up to Tesla by 2025, but we’re skeptical Electrek Barra: GM Will “Absolutely” Catch Tesla In US EV Sales By… Continue reading GM can ‘absolutely’ catch Tesla in EV sales by 2025, says CEO Mary Barra – CNBC
SK Innovation flags steady Q4 growth in refining margins
“The third quarter operating profit of petrochemical business edged up marginally as upward swing in crude prices and key product crack concentrated mostly in September,” SK Innovation said in a statement. SK Innovation Co Ltd, owner of South Korea’s top refiner SK Energy, said on Friday that it expects steady fourth-quarter growth in refining margins… Continue reading SK Innovation flags steady Q4 growth in refining margins