LeEco, Tsing Capital-Backed Lucid Motors To Unveil Electric Vehicle

Lucid Motors, a Silicon Valley-based electric vehicle start-up backed by China’s LeEco, Tsing Capital and other investors, plans to reveal a production version of an electric sedan in the U.S. today. The company is accepting orders for the sedan and is slated to begin assembly in late 2018. Lucid will offer its sedan first in… Continue reading LeEco, Tsing Capital-Backed Lucid Motors To Unveil Electric Vehicle

Sequoia, Joy Capital Joins $500M Round In NextEV

Shanghai-based Chinese electric vehicle maker NextEV has reportedly raised US$500 million from Sequoia Capital, Joy Capital and unnamed investors. Chinese media reports say the company plans to produce a more economical and environmentally friendly electric vehicle to rival Tesla in the U.S. China Money Network cannot verify the news and the financing deal value. Founded… Continue reading Sequoia, Joy Capital Joins $500M Round In NextEV

Opel disappointed electric car customers

With the Ampera E, Opel has built one of the most advanced electric vehicles. The problem: In Germany, private customers can not buy the car for now. Monday, 15.05.2017 12:47 clock With the Ampera E Opel has outperformed manufacturers such as Mercedes, Audi or VW: The Rüsselsheim presented a few months ago, an electric production… Continue reading Opel disappointed electric car customers

“The situation is dramatic”

The PSA Group gives the new subsidiary Opel three years, then the Rüsselsheim must write black numbers. For the workforce this means: It will shrink – even without dismissals. PSA boss Carlos Tavares Opel boss Michael Lohscheller Thursday, 09.11.2017 19:38 clock Little time? At the end of the text there is a summary. The tension… Continue reading “The situation is dramatic”

Opel plans conversion to pure electric brand

The car manufacturer Opel has been inaugurated very late in the sales talks of GM and Peugeot, according to manager magazin information. The GM daughter has an alternative plan in the drawer. Opel boss Karl Thomas Neumann in Ampera-e. Wednesday, 15.02.2017 13:20 The board of the car manufacturer Opel is from the Acquisition negotiations with… Continue reading Opel plans conversion to pure electric brand

So threatening are Opel and Peugeot for Volkswagen

After the Opel takeover, PSA will be Europe’s second-largest automaker. The group is a real threat to the market leader VW – especially in the future field of electromobility. TESSON / EPA / REX / Shutterstock Carlos Tavares Monday, 06.03.2017 20:40 PSA boss Carlos Tavares prefers to lead his company with clear goals. The avid… Continue reading So threatening are Opel and Peugeot for Volkswagen

Tavares sets Opel employees gallows period

Opel has three years, but then the German car maker must purr PSA according to his French buyer. The workforce in Rüsselsheim puts this under enormous pressure. PSA boss Carlos Tavares Monday, 06.03.2017 15:17 clock PSA boss Carlos Tavares takes only a few minutes to outline the public to sketch his coupuntil he hands the… Continue reading Tavares sets Opel employees gallows period

The strange logic behind an Opel sale

General Motors wants to sell its European subsidiary Opel to Peugeot. With such a deal, the corporations would provide a big surprise. What could be behind the deal? Opel headquarters in Rüsselsheim Tuesday, 14.02.2017 18:22 clock Little time? At the end of the text there is a summary. Well, they’re getting together. The negotiators of… Continue reading The strange logic behind an Opel sale

Opel presents restructuring plan – without notice

Three months after the takeover by the French PSA group Opel has presented a reorganization concept: The car maker wants to renounce terminations and plant closures. Opel factory premises in Rüsselsheim Thursday, 09.11.2017 10:28 At its restart, the automaker wants Opel get by without operational redundancies and plant closures. Wage costs are to be reduced… Continue reading Opel presents restructuring plan – without notice

Samsung SDI Introduces High-tech Innovations to Lead the Popularization of EVs at Frankfurt Motor Show – Samsung SDI to showcase its battery technology innovations and high-tech products with aims to make the popularization of electric vehicles – Exhibits multifunctional battery packs, low height cells, cylindrical batteries based on new technology standard ‘21700’ – Raises vehicle interior space utilization with better mileage, customized battery and cells of various sizes   SEOUL, South Korea– Samsung SDI (President: Jun Young-hyun) (KRX:006400) today announced that it has exhibited various products which could lead the popularization of electric vehicles at the Frankfurt Motor Show (IAA Cars 2017) which was opened on September 12.    The concept of the products Samsung SDI displayed at the show is “a battery company preparing for the popularization of EVs,” and high technologies were applied to them accordingly.  “Multifunctional battery pack” of Samsung SDI attracted the most attention. Its users can change the number of modules as they want as if they place books on a shelf. For example, if 20 modules are installed in a premium car, it can go 600 to 700 kilometers. If 10 to 12 modules are mounted on a regular sedan, it can run up to 300 kilometers. This pack is expected to catch the eyes of automakers, because they can design a car whose mileage may vary depending on how many modules of a single pack are installed.   Another groundbreaking product Samsung SDI exhibited is “Low Height Cell.” This is a cell whose height has been reduced by more than 20 percent than that of other existing cells. If this cell is applied, it can decrease the battery load height in an EV. If the height is reduced, interior space will be better utilized, enabling automakers to develop EVs of various designs. Samsung SDI also displayed cells and modules based on the new 21700 standard of cylindrical battery. A ‘21700’ battery is 21 millimeters in diameter and 70 millimeters in height. Its capacity is 50 percent bigger than the existing 18650 battery (18 millimeters in diameter and 65 millimeters in height). Its size is optimal for maximizing capacity, life and output simultaneously. The new battery beats batteries of any other size in light of cost competitiveness. A 21700 battery draws attention from major global manufacturers as the next-generation standard which can be applied to all sorts of products including electric vehicles, ESS and electric tools.  “Our products unveiled at the show are expected to advance the popularization of EVs because they use high technologies optimized to the needs of customers and the market,” Samsung SDI President Jun Young-hyun said. “We will keep leading the battery industry with our unrivaled technology.” Samsung SDI constructed an EV battery plant in Hungary in May, completing its worldwide production tripod with plants in Ulsan, South Korea and Xian, China. Samsung SDI is trying its best to meet the diverse needs of global automakers as a provider of total EV solutions including world-class cells, modules and packs all based on cutting-edge technology. ​  2017.09.12