Munich. With the acquisition of Sixt SE’s stake in DriveNow, the BMW Group continues its systematic development as a customer-centric mobility company. Today’s signing is subject to approval by antitrust authorities. With this move, the world’s leading provider of premium mobility is offering customers efficient, sustainable mobility solutions from a single source. The rapidly growing… Continue reading DriveNow becomes wholly-owned subsidiary of BMW Group
Tag: Electric vehicles
First electric Volvo to be an all-new hatchback due in 2019
Inspired by Volvo 40.2 concept (pictures) The 40.2 continued a theme first seen with the 40.1 The 40.1 concept (right) heavily inspired the XC40 (left) Volvo will launch an all-electric hatchback in 2019. Volvo’s first stand-alone electric car will be a production version of the 40.2 concept seen in May last year, Autocar UK can reveal.… Continue reading First electric Volvo to be an all-new hatchback due in 2019
Alibaba, Foxconn invest $350m in Chinese electric car startup Xiaopeng
January 29, 2018 Chinese e-commerce giant Alibaba Group Holding Ltd. and Foxconn Technology Group led a new fundraising round by electric carmaker Xiaopeng Motors, investing 2.2 billion yuan ($350 million) in the startup as a push toward battery-powered vehicles intensifies. The latest funding puts the total investment in Xiaopeng at 5 billion yuan, according to… Continue reading Alibaba, Foxconn invest $350m in Chinese electric car startup Xiaopeng
Alibaba, Foxconn, IDG Lead $348M Investment In Chinese Smart Car Maker Xiaopeng Motors
Chinese electric vehicle maker Xiaopeng Motors has raised RMB2.2 billion (US$348 million) in a series B round led by Alibaba Group Holding Ltd., IDG Capital and Taiwanese electronics manufacturer Hon Hai Precision Industry Co., Ltd., also known as Foxconn. Jack Ma-backed Yunfeng Capital, Apoletto Asia, CICC, and existing investors GGV Capital, Matrix Partners China and Morningside Venture… Continue reading Alibaba, Foxconn, IDG Lead $348M Investment In Chinese Smart Car Maker Xiaopeng Motors
Further software optimizations for diesel vehicles
In recent months, extensive analyses have been carried out for all Porsche diesel vehicles of emission class EU6. These are related to the retrofitting of diesel engines for vehicles of the Volkswagen Group announced in Berlin on 2 August 2017 as part of the so-called “diesel summit”. For the Macan 3.0-liter V6 diesel, Porsche has… Continue reading Further software optimizations for diesel vehicles
Hans Dieter Pötsch: VW supervisory board boss criticizes bad charging network for e-cars
Hans Dieter Pötsch The Chairman of the Supervisory Board of Volkswagen wants a faster charging speed for e-vehicles. (Photo: AP) Volkswagen-Aufsichtsratschef Hans Dieter Pötsch sees electromobility still a number of obstacles on the way to a real breakthrough in Germany. The still too thin network of stores in the Federal Republic is thereby the most… Continue reading Hans Dieter Pötsch: VW supervisory board boss criticizes bad charging network for e-cars
California governor pushes for 5M zero-emission cars
Darshan Brahmbhatt plugs a charger into his electric vehicle at the Sacramento Municipal Utility District charging station in Sacramento, Calif. Calif., Gov Jerry Brown, on Friday, Jan. 26, 2018, issued and executive order outlining a plan to put 5 million zero-emission vehicles on California’s roads by 2030. (Photo: Rich Pedroncelli / AP) Sacramento, Calif. –… Continue reading California governor pushes for 5M zero-emission cars
AirSpaceX’s Autonomous Electric Flying Taxi Will Hit the Skies in 2026
In Brief AirSpaceX unveiled their MOBi-ONE flying taxi at the North American International Auto Show in January. The autonomous, fully-electric flying taxi can carry 2 to 4 passengers to specific areas within 60 miles, at a top speed of 250 mph. Autonomous Air Travel Self-driving and electric cars are already changing how we travel on… Continue reading AirSpaceX’s Autonomous Electric Flying Taxi Will Hit the Skies in 2026
BMW’s next generation of hybrids relies on modular electrification
BMW’s alternative-fuel interests go beyond plug-in hybrids. Sure, the company has been building a battery-powered ecosystem, with cars like the city-styled i3 and i8 sports Coupe and Roadster serving as the testing grounds for tech that will later trickle down through the rest of the model line. But the company is also licensing its electrification… Continue reading BMW’s next generation of hybrids relies on modular electrification
Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus
Tesla The Observer Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus Some say the firm is already overvalued at $60bn. But its founder’s vision is now truly ambitious Elon Musk unveils Tesla’s forthcoming Roadster 2 sports car in California. Photograph: Reuters Racy valuations for loss-making businesses are nothing new to… Continue reading Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus