June 4, 2018 Chinese automaker Protean Electric has closed a $40 million equity investment in its series E funding round led by Shenzhen-listed Weifu High-Technology Group and existing investor Oak Investment Partners. According to a press release, the funding will be utilised to support Protean’s ongoing business activities and to help establish a global licensing… Continue reading China’s automaker Protean Electric closes $40m Series E round
Tag: Electric vehicles
Car makers used software to raise spare parts prices
Reuters/Benoit Tessier Ever had the nagging suspicion that your car’s manufacturer was charging outrageous prices for parts simply because it could? Software might be to blame. Reuters has obtained documents from a lawsuit indicating that Jaguar Land Rover, Peugeot, Renault and other automakers have been using Accenture software (Partneo) that recommended price increases for spare… Continue reading Car makers used software to raise spare parts prices
How carmakers hike spare parts prices by using software and stealth
London CARMAKERS including Renault, Jaguar Land Rover (JLR) and Peugeot have boosted revenues by over US$1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. The software works, Accenture told prospective clients, by identifying which spare… Continue reading How carmakers hike spare parts prices by using software and stealth
Geely Bo Rui is First Look at Volvo Mild Hybrid Tech
Volvo’s parent company, Geely, really stepped up its game in China with the launch of the all-new Geely Bo Rui GE. The Bo Rui (pronounced “bow-ray”) does more than represent a new chapter for Geely, however. It also represents a new chapter for Volvo, since it’s one of the first vehicles to make use of… Continue reading Geely Bo Rui is First Look at Volvo Mild Hybrid Tech
Tesla can change so much with over-the-air updates that it’s messing with some owners’ heads
When Consumer Reports recently found that the braking distance on the Tesla Model 3 was worse than that of a Ford F-150, CEO Elon Musk took the criticism and found a solution. Days later, Tesla shipped an over-the-air update that, according to CR’s testing, improved the braking distance by 19 feet. It’s a wild idea:… Continue reading Tesla can change so much with over-the-air updates that it’s messing with some owners’ heads
Cummins Reveals New Lithium-Ion Battery Lineup
9 M BY MARK KANE Cummins presented at the Battery Show Europe in Germany its latest battery modules and packs for electric and hybrid vehicles. Cummins BP35E (35 kWh battery pack) The company, mostly known for its diesel engines, is now investing $500 million into electrification over three years. It announced powertrain/battery products for trucks, buses… Continue reading Cummins Reveals New Lithium-Ion Battery Lineup
This Time with E-Motion The Electric Passion of Henrik Fisker
inFOCUS Henrik Fisker with concept version of his limited production E-Motion electric car By Bill Moore Here’s fair bit of Viking DNA woven into Henrik Fisker, car designer and EV impersario. Tired jokes of “Bad Karma” aside, he’s determined to have a role in the transition to an EV world, one that looks well beyond… Continue reading This Time with E-Motion The Electric Passion of Henrik Fisker
UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
Umicore picks Poland for battery materials plant
Total Unconvinced by Hydrogen Cars as France Unveils Subsidies
LISTEN TO ARTICLE SHARE THIS ARTICLE France’s biggest energy company expressed skepticism about the economics of hydrogen-powered vehicles as the government unveiled subsidies to promote the gas as way of cutting fossil-fuel consumption and fighting climate change. “We find it difficult to be convinced it has a future in 10 years time,” Total SA Chief… Continue reading Total Unconvinced by Hydrogen Cars as France Unveils Subsidies