File Image BERLIN: The supervisory board of German automaker Daimler agreed on Thursday to back a strategic plan to cut fixed costs, capex and R&D spending and announced a new transformation fund for staff worth 1 billion euros ($1.22 billion) up until 2025. Daimler said in a statement that the supervisory board had given its… Continue reading Daimler board backs strategy, staff fund planned
Tag: Electric vehicles
Research Team from KAIST Develops a Hybrid Lithium-Ion Battery That Enables Rapid Charging in Seconds
The Korea Advanced Institute of Science and Technology (KAIST, President Shin Sung-chul) announced on Thursday that a research team led by Professor Kang Jeong-gu from the department of Materials Science and Engineering has developed a hybrid lithium-ion battery with high energy and high output.The team has developed large-capacity anode material and cathode material based on… Continue reading Research Team from KAIST Develops a Hybrid Lithium-Ion Battery That Enables Rapid Charging in Seconds
Volvo Trucks leads electrification of North American trucking industry with commercialization of Volvo VNR Electric model
GÖTEBORG, Sweden, Dec. 3, 2020 /PRNewswire/ — Volvo Trucks North America today announced the commercial introduction and sales start of its zero tailpipe emission, battery-electric vehicle to the North American market. The Class 8 Volvo VNR Electric truck model has a scheduled production start in early 2021. In a critical step toward realizing the organization’s vision… Continue reading Volvo Trucks leads electrification of North American trucking industry with commercialization of Volvo VNR Electric model
GM CEO Barra defends the company’s pickup production despite its EV push
In a nearly hour-long interview on the Freakonomics Radio podcast, General Motors CEO Mary Barra talks about the automaker’s electric vehicle strategy and President Donald Trump, among many other topics. One of the main subjects is GM’s aggressive push to bring electric vehicles to market faster than it anticipated. But Stephen Dubner, host of Freakonomics Radio, pointed out that despite GM’s… Continue reading GM CEO Barra defends the company’s pickup production despite its EV push
Elon Musk is open to talking about merging Tesla with another car company. These are the 4 most likely candidates. (TSLA)
Tesla CEO Elon Musk said on Tuesday that he would be open to discussing a merger with a rival automaker. Experts told Business Insider that Ford, General Motors, Nio, and the Renault-Nissan-Mitsubishi alliance would be Tesla’s most likely merger candidates. They could offer Tesla manufacturing expertise, a larger global footprint, and a stronger position in… Continue reading Elon Musk is open to talking about merging Tesla with another car company. These are the 4 most likely candidates. (TSLA)
How the designer of Lucid Motors’ $80,000 Tesla rival transformed a 2015 sketch into the EV of the future
Business Insider spoke with Derek Jenkins, the VP of design at Lucid Motors, about designing the company’s upcoming Air EV. The Air debuted in September. The Air was first sketched out in 2015 and the design team had to figure out what would still look futuristic by the time the car debuted in 2020. Because… Continue reading How the designer of Lucid Motors’ $80,000 Tesla rival transformed a 2015 sketch into the EV of the future
Goldman Sachs says Tesla will sell 15 million cars per year by 2040 — nearly double General Motors (TSLA, GS)
Tesla’s already worth more than any other American automaker, and Goldman Sachs expects it to soon overtake their sales numbers too. The bank on Wednesday upped its financial estimates and price target for the automaker’s high-flying stock to $780, the highest on Wall Street, citing continued market share gains. “If Tesla sustains its mid to… Continue reading Goldman Sachs says Tesla will sell 15 million cars per year by 2040 — nearly double General Motors (TSLA, GS)
Aston Martin boss distances himself from questionable EV report
Aston Martin Lagonda Global Holdings Plc is reviewing how a report was commissioned that researchers criticized for making inaccurate comparisons of the climate harm caused by cars powered by batteries and combustion engines. Tobias Moers, Aston Martin’s chief executive officer, said the report the carmaker compiled along with some of its peers predated him joining… Continue reading Aston Martin boss distances himself from questionable EV report
Tesla: Musk does not rule out alliances with a car manufacturer
CAR AT THE PLUG The “divine” Elon launches a new move: ally with a generalist (Afp) The “divine” Elon launches a new move: ally with a generalist December 3, 2020 2 ‘of reading Tesla’s number one, Elon Musk, does not rule out possible alliances with traditional car manufacturers. He said this when answering a specific… Continue reading Tesla: Musk does not rule out alliances with a car manufacturer
Volvo Trucks Introduces the Volvo VNR Electric Model in the U.S., Canada
Volvo Trucks North America announced the commercial launch of its battery-electric vehicle, the VNR Electric. Tweet this “The Volvo VNR Electric marks a significant step forward for electromobility in an industry that we are committed to leading as it undergoes rapid, significant change,” said Peter Voorhoeve, president of Volvo Trucks North America. “Volvo Trucks believes… Continue reading Volvo Trucks Introduces the Volvo VNR Electric Model in the U.S., Canada