Author: Shaun Williams

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…

Ideanomics, a US company focused on electric utility vehicles, announced that a new vehicle assembly line at its Solectrac Windsor facility is fully operational. The plant in Windsor, California, has the capacity to produce 4,100 electric tractors annually. The electric tractor built at Windsor comes from Solectrac, a manufacturer acquired by Ideanomics. The production capacity of the Windsor plant for the e25 electric tractor model will be tripled with the opening of the new plant. The e25 electric tractor uses a 22 kWh battery, providing between three and six hours of use, depending on the load. “When Ideanomics acquired Solectrac,…

The Volvo Group announced that its plant located in Ghent in Belgium will start producing battery modules in 2025. “The investment decision to install battery module manufacturing capacity in Ghent is another important step for the Volvo Group to shape its future value chain for battery systems,” the Volvo Group said in a statement. The new production line will be able to use battery cells from both partners and from a planned battery cell plant in Sweden, the Volvo Group said. It said the process for building it had already begun, and that the investment framework for the first step…

Electric vehicles have started to have their own market and electric vehicle batteries are the key to power that must always be considered. Many people choose electric cars because they don’t want to be too bothered by oil and injector problems in conventional cars. In addition, electric cars are considered more environmentally friendly than conventional cars that still use fossil fuels. An electric car consists of various components and one of the main components in an electric car is the battery. In many electric cars, the average battery warranty is 10 years. However, improper use can result in reduced battery…

Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said the government is currently discussing with Ford Motor Co and Hyundai Motor Co to build cooperation related to electric vehicles in Indonesia. Citing a Reuters report, Tuesday, October 25, 2022, Airlangga Hartarto’s statement was delivered while visiting Washington, D.C. Ford, Indonesia’s Vale nickel miner and China’s Zhejiang Huayou Cobalt said in July that they had signed a non-binding memorandum of cooperation to build a plant in Indonesia to extract nickel chemicals. Hartarto said Indonesia is also in discussions with Hyundai and South Korean battery manufacturer LG Energy Solution regarding investment in…

NIO has long been known for its battery swap technology. Now vehicle owners can easily upgrade to a larger battery capacity when swapping batteries. Previously, the company only allowed NIO owners to upgrade their battery packs on a monthly or yearly basis. NIO will start a pilot project that will allow owners to upgrade or downgrade electric vehicle battery packs on a daily basis. Guangdong, Shandong, Chongqing, Hangzhou, and Huzhou were selected as pilot cities. NIO allows owners to change to a different capacity plan every day. Not only increasing, owners are also possible to decrease their battery capacity. NIO…

Phillips 66, an energy industry company from the United States announced the installation of the FreeWire ultra-fast electric vehicle charger in Houston. This installation marks the debut of ultra-fast EV charging at Phillips 66 fuel stations in the US. Phillips 66 and FreeWire announced plans earlier this year to implement FreeWire’s integrated ultrafast battery technology to meet the growing demand from EV drivers for fast charging. Phillips 66 will leverage its network of approximately 7,000 Phillips 66, Conoco and 76 branded sites in the US and other strategic locations. The first FreeWire charger was commissioned in Texas. https://twitter.com/Phillips66Co/status/1582055510672834560 “The installation…

The Hyundai Ioniq 6 will soon be launched in the UK in a special variant, namely “First Edition”. A number of distinctive design elements make the First Edition stand out from the regular Ioniq 6. For example, the new model is equipped with 20-inch alloy wheels complete in matte black, gloss black molding on the front, sides and rear, as well as gloss black mirror caps. Four exterior color options will be available, namely Biophillic Blue Pearl, Serenity White Pearl, Nocturne Gray Metallic, and Gravity Gold Matte. The unique touch applied to the Ioniq 6 First Edition continues to the…

Faurecia has won a major contract from Hyvia to supply hydrogen tanks to be used in the production model of the Renault Master H2-Tech. The hydrogen tanks will be produced at the Faurecia plant in Allenjoie, France which can make more than 100,000 tanks per year. Faurecia and Hyvia have not disclosed details regarding Hyvia’s order including size, value and time of order. Faurecia itself announced a 213 million euro grant from the EU earlier this month. The funding underscores its role as a key player in France’s hydrogen ecosystem. The Renaut Master H2-Tech as a prototype was first introduced…

Kia announced pricing for the 2023 Niro EV with the new electric crossover starting at $39,450, making it only $360 more expensive compared to its predecessor. The 2023 Kia Niro EV comes in two trim levels for the entry-level Wind starting at $39,450, and the Wave starting at $44,450. Prices do not include the $1,295 destination fee. Both Kia Niro EV trims come with 17-inch wheels, a digital cockpit with 10.25-inch dual screens, vegan leather upholstery, dual-zone automatic air conditioning, navigation, rear view camera, heated front seats and an audio system by Harman Kardon (optional with 8 speaker). Meanwhile, the…