A message from the new CEO of comma.ai Earlier this week, George Hotz, founder and former CEO of comma.ai, became the Head of Research Team and promoted me, Riccardo Biasini, from VP of Quality to CEO. Before joining comma, I received my master’s degree in automotive engineering from the University of Pisa, Italy, in 2010. I… Continue reading A message from the new CEO of comma.ai
Tag: Electric vehicles
Mahindra Group companies sign up for commitments addressing Climate Change:
Mahindra Group companies sign up for commitments addressing Climate Change:
Mahindra Vehicle Manufacturers Ltd, Mahindra Heavy Engines Ltd sign up for EP 100; Mahindra Electric joins EV 100 and Mahindra Holidays commit to RE 100
Mumbai, 12th Sept: As the world looks to heavy industry to help drive emissions cuts, Mahindra Vehicle Manufacturers Ltd, Mahindra Heavy Engines Ltd have, today, pledged to put energy efficiency at the heart of their business growth strategies by joining EP100.
EP100 is a global collaborative initiative on energy productivity led by The Climate Group in partnership with the Alliance to Save Energy. By setting ambitious targets and integrating energy efficiency into business strategy, EP100 members are driving clean tech innovation while delivering on emissions reduction goals. Today’s announcement comes just ahead of the Global Climate Action Summit (September 12-14), where Anand Mahindra, Chairman, Mahindra Group, will address leaders from business, states, regions and cities who will come together in San Francisco to “Take Ambition to the Next Level”.
Helen Clarkson, CEO, The Climate Group, said, “I am excited to see such a significant group of large energy users’ step up their efforts on energy efficiency. Lowering energy use in sectors like auto-manufacturing is an ambitious task, but the figures speak for themselves – making smarter use of energy boosts the bottom line and drives down greenhouse gas emissions. These announcements will inspire many more to come on board, accelerating a clean economy.”
Mahindra Vehicle Manufacturers Ltd has committed to doubling its energy productivity by 2041 (2016 baseline); Mahindra Heavy Engines Ltd by 2041 (2016 baseline). Mahindra & Mahindra and Mahindra Holidays & Resorts India Ltd. are already members of EP100, having joined in 2016. Mahindra & Mahindra, a leader in the automotive and farming equipment sectors with operations spanning 21 industries in more than 100 countries, has, to date, invested INR 44.7 Rs Cr in 1,757 energy efficiency projects globally, saving 8.3 KWh, 67,655 tons of carbon emissions, and INR 66.7 Cr over the last four years.
Speaking about this commitment, Vijay Kalra, Chief of Manufacturing Operations – M&M, Auto Division said, “Operating in a country like India which is energy deficient, energy security and energy cost is of vital importance for sustainable business performance. By joining the EP100 program, we demonstrate our commitment to our employees, society and the nation at large. As we take aspirational targets to enhance energy productivity there will be innovation and development of new technologies that will change the way we live and work. It’s all about arriving at a win-win situation for all. Be it business, employees and society.”
In addition to this, Mahindra Electric, a Mahindra Group company, has signed EV100, a global initiative bringing together forward looking companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030. Another Group company, Mahindra Holidays & Resorts India Ltd. has committed to RE 100, setting a 100% renewable electricity target for its entire global operations by 2050.
About Mahindra
The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,400,000 people across 100 countries.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise
Media contact information:
Shubhada Dharwadkar
Group Communications
Mahindra & Mahindra Ltd.
Tel:+91-22-24901441
Dharwadkar.shubhada@mahindra.com
ChargePoint commits to build charging stations for 2.5 million cars by 2025
2014 BMW i3 REx fast-charging at Chargepoint site, June 2016 [photo: Tom Moloughney]
At the Global Climate Action Summit this week in San Francisco, several companies made commitments to reducing climate change.
ChargePoint, one of the oldest electric-car charging networks in the U.S., said Wednesday that it aims to complete enough charging stations globally by 2025 to cover 2.5 million parking spots. The commitment does not include thousands of home chargers that ChargePoint also sells. Each station could cover one or two parking spots, a ChargePoint spokeswoman said.
READ MORE: ChargePoint invests in commercial charging for buses, delivery vans, taxis
According to the company's website, it currently has 45,000 charging locations across the U.S. and has begun expanding in Europe.
Setting such a goal by 2025 represents a huge challenge for the company.
ChargePoint Express Plus modular DC fast-charging system for electric cars, launched at 2017 CES
“Our commitment to deploy 2.5 million charging spots by 2025 comes as the company embarks on the most significant period of growth in our history and in the midst of a revolution in transportation,” said Pasquale Romano, president and CEO, ChargePoint. “The time for transformative change is now, and broadly distributed, substantial and immediate investments in charging infrastructure are necessary to usher in the future of e-mobility.
“We're at a huge tipping point here,” he said, “where this thing begins to accelerate very, very quickly.”
Even as the Trump Administration in Washington, D.C., begins dismantling the legal framework that incentivized electric cars, Roman said, it's a “train that has already left the station.”
CHECK OUT: Gas stations aren't a model for electric-car charging: ChargePoint CEO
Romano said that he expects the electric-car business to grow from almost $78 billion last year to almost $128 billion by 2022.
The additional chargers from ChargePoint will help expand public charging at businesses, workplaces, apartment buildings, as well as charging for commercial vehicles such as trucks and buses.
ChargePoint recently acquired Kisensum, a data analytics firm focused on helping utilities manage power loads.
Facing increased competition, especially from Electrify America, operating under a court mandate to spend $2 billion expanding public charging in the same time frame, Romano says there is room for multiple charging networks in the industry, but he expects some consolidation.
ChargePoint to grow global EV charging network to 2.5 mln
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End of the road: Volkswagen to stop making Beetles
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A Tesla investor says he was recently questioned by US regulators about that infamous ‘funding secured’ tweet
Last week, onstage at TechCrunch Disrupt, regulator Jina Choi, who heads the SEC’s wide-reaching San Francisco unit, declined to confirm or deny that the SEC is investigating Tesla CEO Elon Musk for possible fraud. Said Choi, “I can’t tell you about any particular investigation in our office. And I can’t confirm or deny the existence… Continue reading A Tesla investor says he was recently questioned by US regulators about that infamous ‘funding secured’ tweet
UPDATE 2-Volkswagen to end production of the Beetle next year
(Reuters) – Volkswagen (VOWG_p.DE) said on Thursday it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture as the automaker prepares for a leap toward a future of mass-market electric cars. FILE PHOTO: A 2015 Volkswagen Beetle R-Line model is seen at the press day… Continue reading UPDATE 2-Volkswagen to end production of the Beetle next year
Nio becomes first Chinese automaker to go public in US
Nio Formula E race car, EP9, ES8 and Eve concept car
Electric carmaker Nio became the first Chinese automaker to go public on the New York Stock Exchange on Wednesday.
In August, the Nio [NYSE: NIO] announced that it hoped to raise $1.3 billion in its initial public offering. Trading in its opening day fell short of that at just over $1 billion.
DON'T MISS: Chinese electric carmaker Nio seeks public funding in US
The company planned to used the funds to develop future electric cars for the U.S. and Chinese markets and to develop self-driving software.
Nio currently sells an electric SUV, the ES8 in China, designed to compete with the Tesla Model X.
The ES8 sells for $65,000 in China, about half what a Tesla Model X costs, and has 220 miles of range and 644 horsepower.
CHECK OUT: Chinese electric-car startup Nio gets $1 billion in funding: report
Nio became one of the most promising Chinese automakers after it introduced the EP9 electric supercar in 2016, then put the ES8 SUV into production.
The company also builds a race car for the Formula E series and has plans for a second electric production car, a luxury sedan based on its Eve concept car.
Nio doesn't sell the ES8 in the U.S., but has an office in San Jose, California to work on self-driving technology and bringing its cars to the U.S.
Exodus among top managers continues: It gets lonely around Tesla boss Elon Musk
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Car maker in liquidity shortage: Tesla shares on the decline? The real problem is the bonds!
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