Author: Shaun Williams

On November 15, Lucid will unveil the latest trim levels of the Air electric sedan. At the event, the Air Pure trim will be revealed and a ceremony for the first delivery of the Air Touring trim will be held. The Touring and Pure represent a new price level that takes on other electric vehicles such as Tesla and Mercedes. The new Air Pure trim starts at $89,050, though the company hasn’t released full specs yet. According to a Carscoops report, the Air Pure comes with a metal roof and motors on each axle that allow all-wheel drive. Lucid’s website…

The electric car market is now growing rapidly as many countries launch programs to reduce carbon emissions. In line with this program, the potential for electric car sales continues to experience a positive trend in almost every region of the world. So far, US automaker Tesla still dominates the global market for electric vehicles. South Korea’s Yonhap reports that Tesla controlled up to 22.2% of its EV market share in the first half of 2021. Tesla’s penetration into the electric car market is very convincing. With many variations of electric vehicles, ranging from small to large. But at this time…

Ascend Elements, a U.S.-based engineered materials and lithium-ion battery recycling company, today announced it has secured $300 million in equity and debt financing, including $200 million in Series C equity investments from an international group of strategic and financial investors. The funding round was led by Fifth Wall Climate and joined by SK ecoplant, the environmental unit of South Korean conglomerate SK Group. Other new investors include Oman Investment Authority, Lithium Americas Corporation, GLy Capital Management‘s New Mobility Fund, Mirae Asset Capital & LS and Shinhan GIB. Many investors from previous funding rounds also participated in the latest round, including…

Epsilon Advanced Materials and Finnish Minerals Group have agreed to set up a framework for assessing the possibilities of establishing an anode material production plant in Vaasa, Finland. The companies have signed a mutual Memorandum of Understanding (MoU) to further this cooperation. The European market for lithium-ion batteries and the necessary battery materials is expected to reach a value of $94.41 billion (€96 billion) by 2029, at a CAGR of 45.8% during the forecast period 2022–2029(*). The growing market brings new opportunities for companies to develop their operations and activities in Finland and Europe. The partnership will initiate with the…

Davinci Motor made its European debut at EICMA, the world’s leading motorcycle show, which takes place this year between November 8 and 13 in Milan, Italy. Davinci is a high-performance robotic electric motorcycle manufacturer in China At the exhibition, Davinci Motor will unveil the futuristic DC100, the first electric motor designed to rival the performance of a conventional 1000 cc motorcycle. “We see EICMA as the perfect stage to officially introduce our brand and products to the European market. Davinci Motor is a start-up that has been working on developing new technology and product designs for more than 7 years,…

Hyundai Motor Company announced today that IONIQ 5, a fully electric midsize CUV, has been selected among 10 Best Cars for the 2022-2023 Japan Car of the Year (JCOTY). Along the 48 candidates, 11 models were named as the 10 Best Cars of the year to compete for the winner of Japan Car of the Year in December through a series of test drives*. IONIQ 5 debuted in February 2021 as the first of battery electric vehicle (BEV) lineup of Hyundai Motor’s brand IONIQ. Built on the Hyundai Motor’s Electric Global Modular Platform, (E-GMP) architecture, the car offers strong performance,…

BP Pulse, an electric vehicle (EV) charging company, revealed its plans to build a Gigahub bp pulse network, which will start from Los Angeles International Airport (LAX). The company explains that the bp pulse Gigahub is a series of large EV fast charging hubs designed to serve ride-hailing and taxi fleets near US airports and locations across the country in high demand. The construction of the Gigahub bp pulse was undertaken in collaboration with Hertz, and was partially funded by a grant from the California Energy Commission (CEC) of US$2 million. https://twitter.com/bppulsefleet/status/1585319391360491520 “More and more ride-hail and taxi fleets are…

Tesla is facing a criminal investigation for the Full Self Driving Beta, but this has not affected the electric vehicle giant to update its autonomous vehicle features. With the latest FSD Beta v10.69.3 update, Tesla hasn’t provided any additional features, but it seems the manufacturer has changed many aspects that affect how the system operates. FSD Beta v10.69.3 update was rolled out to Tesla employees yesterday and will reach beta program members in the near future. The new FSD Beta v10.69.3 update covers a limited number of vehicles for internal testing prior to a wider release. Elon Musk said last…

Zeekr, Geel’s premium electric vehicle sub-brand, plans to sell electric vehicles for the European market next year, Zeekr’s CEO said according to a Reuters report. Zeekr will join other Chinese manufacturers who have entered the electric vehicle market in Europe including BYD, NIO, Xpeng and Great Wall Motors. Zeekr itself was launched by Geely as a premium electric vehicle brand in 2021 targeting young customers. Geely is an auto giant from China, owner of Volvo, Polestar and investor in Mercedes Benz. Geely said earlier this week that it plans to release Zeekr as an independent brand. Geely has created Zeekr…

Volvo Construction Equipment (CE) announced that it has introduced the Volvo L20 and L25 electric wheel loader machines now equipped with technical updates and upgrades. The update includes an increased maximum speed of up to 20 kph (12.4 mph), the option to adjust the parallel connection that delivers high breakout torque in various applications, additional operator-friendly features, and improved charging. Lars Arnold, Volvo CE Electromobility Product Manager, admitted that with several updates and improvements, the Volvo L25 and L20 are now the first electric powered machines that are rich in advanced features such as supporting operator safety and comfort. “As…

Caterham, seems to be moving without saying much to make electric cars. Bob Laishley, CEO of Caterham recently announced that the company is building the company’s first electric car, called the Seven. Bob said Caterham had already done a lot of experimenting with the company’s first EV model. Experiments were carried out on the sidelines of the production of Seven cars with internal combustion engines Bob himself still believes cars with internal combustion engines will still exist for the next decade. The biggest challenge for electric cars, according to Bob, is the basic concept that goes against the spirit of…

In February 2022, GM CEO Mary Barra said that the auto giant is aiming to ship about 400,000 electric vehicles in North America by 2023 as part of a larger goal of making 1 million EVs in the region by 2025. However, delays in recruiting and training in battery manufacturing efforts have forced GM to re-evaluate its ambitious electric vehicle production targets for North America. During a Q3 2022 earnings review on Oct. 25, Mary Barra said the production target of 400,000 EVs had been pushed back to the first half of 2024, meaning a six-month delay from the original…