ABB has placed an order with AFC Energy for its S Series hydrogen fuel cell system. The order is worth £4 million, and the system is scheduled for delivery in early 2023. ABB will use the first 200 kW S Series system, which can be fueled with either hydrogen or ammonia, for high-power EV charging,… Continue reading ABB orders AFC Energy fuel cell systems for high-power EV charging
Tag: Electric vehicles
Polestar is bringing its electric Precept sedan to market in 2024 with a new name
The Polestar Precept sedan — the concept vehicle turned production project — has a new name and an official launch date. The company, the electric performance brand that spun out from Volvo Car Group, has dubbed the shark-nosed sedan Polestar 5 and announced it will go into production in 2024. When Polestar first revealed the… Continue reading Polestar is bringing its electric Precept sedan to market in 2024 with a new name
One-Fourth of All 3Q Car Buyers Considered EVs or Hybrids
Nearly a quarter of all new-vehicle shoppers in the third quarter considered an electrified vehicle, either a full electric vehicle or a hybrid, according to the Q3 2021 Kelley Blue Book Brand Watch report. That is the highest level of interest in electrified vehicles that the report has ever measured. The report, summarized Nov. 18… Continue reading One-Fourth of All 3Q Car Buyers Considered EVs or Hybrids
Hyundai Group’s Innovation Conclave offers glimpse into promising future tech from start-ups
Hyundai Motor Group executives and employees participating in the 2021 Open Innovation Lounge are all ears to explanations of promising new technologies from domestic and foreign start-ups. Hyundai Motor Group yesterday held the ‘2021 Open Innovation Lounge for demonstration demonstrations of new technologies with promising domestic and foreign start-ups at the Hyundai Motor/Kia headquarters. The… Continue reading Hyundai Group’s Innovation Conclave offers glimpse into promising future tech from start-ups
Autocar confidential: Renault’s battery decisions, still no Audi RS8 and more
This week, we asked Audi if there’s any plans for an RS version of the A8 saloon, talked to Rolls-Royce CEO Torsten Müller-Ötvös about EV chargers and found out why the new Range Rover is the perfect vehicle for a global pandemic. But first, we caught up with Renault’s engineering boss to find out what their… Continue reading Autocar confidential: Renault’s battery decisions, still no Audi RS8 and more
Indian EV maker Euler Motors raises additional $10m
Source: Euler Motors website Euler Motors has raised an additional $10 million led by the Delhi-based QRG Investments and Holdings today. Euler Motors also plans to further raise $50 million in its Series B round in the coming year. The company plans to utilise these funds to scale up and strengthen its production capacity to deliver… Continue reading Indian EV maker Euler Motors raises additional $10m
Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion.
Rivian, a maker of electric trucks and vans, is going public at a stock price that values the company at nearly $70 billion, a remarkable number that highlights the belief on Wall Street that the fast-growing electric vehicle market is still a wide-open field. In a securities filing on Tuesday, Rivian said it was selling… Continue reading Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion.
General Motors’ Third-Quarter Profit Hit Hard by Chip Shortage
Two big Detroit automakers said Wednesday that the worldwide shortage of computer chips had weighed on their third-quarter earnings, but there were signs that the worst of the disruption was behind them. Of the two, Ford Motor fared better. Its revenue fell about 5 percent from a year earlier, to $35.7 billion, while General Motors’… Continue reading General Motors’ Third-Quarter Profit Hit Hard by Chip Shortage
Cadillac Lyriq is in final steps before production, new video footage of latest prototype
GM has released a rare update on the Cadillac Lyriq, a highly anticipated, upcoming all-electric SUV based on the Ultium platform. The automaker says that the vehicle program is reaching final steps before production, and it released new video footage of the latest Lyriq prototype. The Cadillac Lyric is the first new EV coming from… Continue reading Cadillac Lyriq is in final steps before production, new video footage of latest prototype
Tesla files for Gigafactory Texas approval, reveals budget for first phase
Tesla has filed for approval of the first phase of Gigafactory Texas with the Texas Department of Licensing and Regulation. It reveals the budget and completion date for the first phase of the factory set to produce the Model Y. Tesla is simultaneously building two important new factories: Gigafactory Texas in Austin, and Gigafactory Berlin… Continue reading Tesla files for Gigafactory Texas approval, reveals budget for first phase