China’s NIO Capital raises over $200m for debut USD fund

NIO Capital, the investment arm of Chinese electric vehicle startup Nio Inc, has closed its debut USD-denominated fund at over $200 million to support early and middle-stage companies in the automobile, energy and logistics fields.      The new fund, dubbed “Eve ONE L.P.,” attracted capital injections from sovereign wealth funds, funds of funds (FOFs), multinational… Continue reading China’s NIO Capital raises over $200m for debut USD fund

Cupra to top new Leon line-up with 241bhp PHEV

The standard, Seat-badged Leon’s engine range will be familiar. Base versions will use the 1.0-litre TSI three-cylinder turbo petrol in varying states of tune, with the new 1.5-litre TSI Evo petrol powertrain drafted in for higher-spec cars. That will be offered as a mild hybrid in higherspec variants, with the 48V system claimed to reduce… Continue reading Cupra to top new Leon line-up with 241bhp PHEV

Micro-Mobility-Artega Deal Means Both The Microlino And Karo Will Live

Separation form TMI / Artega and new production start Out-of-court settlement between Micro and Artega/TMI To satisfy the expectations of Micro Mobility Systems in terms of driving performance, quality and safety, the production will start 2021 Production and development partner will be the Italian family company CECOMP, which has developed and produced the electric car… Continue reading Micro-Mobility-Artega Deal Means Both The Microlino And Karo Will Live

Made in China: Tesla Model 3 deliveries to Chinese customers to begin January 7

The first deliveries of Tesla Model 3 sedans made in China will begin January 7, one year after the U.S. automaker began construction on its first factory outside the United States. The deliveries to customers — which Reuters was first to report based on confirmation from a Tesla representative — is a milestone for Tesla… Continue reading Made in China: Tesla Model 3 deliveries to Chinese customers to begin January 7

Check out this Tesla powered 450 kW electric race car

What would happen if you took the power of a Tesla motor and stuffed it into a glorified go-kart? You’d get a crazy powerful electric race car just like this one! Today we’re getting our first look at the Tesla powered electric race car built by Damian Butcher and his team from Driftech Electric Racing.… Continue reading Check out this Tesla powered 450 kW electric race car

@VW Group: A Spider in the Computer Network

01/02/2020 The Porsche racing simulator is one of the most up to date in the world. A hungry high-tech monster that feeds on data. That’s where factory driver Neel Jani practices the energy management so critical in Formula E. Resembling a giant spider with black, hydraulic legs, the three-meter-high structure rests on a nineteen-ton steel… Continue reading @VW Group: A Spider in the Computer Network

Opel Grandland X Hybrid To Be Available In Front-Wheel Drive Too

All-wheel drive PHEV joined by front-wheel drive version System power totals 165kW (224hp) Up to 57km all-electric range (WLTP1) Potential €38,512 entry-price in Germany with higher “environmental bonus” All Opel models electrified by 2024 Rüsselsheim.  The next electrified Opel is coming. After the all-electric Opel Corsa-e and the four-wheel drive Grandland X plug-in hybrid electric… Continue reading Opel Grandland X Hybrid To Be Available In Front-Wheel Drive Too

BMW Extended Its European Warranty For New i3 Batteries

BMW is quite happy with i3 battery pack durability and announced that the newly sold i3 in Europe are now covered with an extended battery warranty to 8 years and/or 160,000 kilometres (100,000 miles), similar to in the U.S. The previous warranty in Europe was for 100,000 km (62,000 miles). The change comes after six… Continue reading BMW Extended Its European Warranty For New i3 Batteries

New fatal Tesla crash: US road traffic regulator probes possible Autopilot link

Tesla’s Cybertruck presentation didn’t exactly go to plan The new futuristic Tesla Cybertruck pickup will be available from $39,900 with a 250-mile range. The US National Highway Traffic Safety Administration (NHTSA) has launched an investigation into an incident involving a 2016 Tesla Model S, which reportedly ran a red light in Los Angeles and killed… Continue reading New fatal Tesla crash: US road traffic regulator probes possible Autopilot link