Author: James Bryant

Tianqi Lithium, a major component supplier of electric vehicle batteries from China, has set the price for its IPO on the Hong Kong stock exchange. At the offered price, Tianqi will raise around US$ 1.7 billion which is the largest listing of shares in Hong Kong so far in 2022. This share offering is the first offering with a value of more than US$ 1 billion in Hong Kong this year. This IPO on the Hong Kong stock exchange is a secondary listing for Tianqi Lithium. Previously, the company, based in Chengdu, had traded its shares on the Shenzhen stock…

South Korean electric vehicle battery manufacturer LG Energy Solution (LGES) announced its first offtake agreement with a US-based lithium supplier. The agreement between LGES and Compass Minerals, is still non-binding, and makes the electric vehicle battery manufacturer from South Korea to be supplied with lithium carbonate and lithium hydroxide starting in 2025. LGES has secured up to 40 percent of the lithium carbonate and lithium hydroxide produced by Compass Minerals over a seven year period. The two companies now want to work towards a binding supply contract. It is not clear from the memorandum of understanding when this should be…

Bank of America’s annual study predicts General Motors and Ford Motor Company will be able to outpace Tesla’s electric vehicle sales by 2025. John Murphy, the automotive analyst who led the research, said Tesla’s more than 70 percent market share in electric vehicles (EV) could fall to close to 11 percent in the next three years, due to increased competition from both incumbents and newcomers. Meanwhile, General Motors and Ford Motor Company are expected to approach 15 percent this year with a number of new electric vehicle or EV offerings. “Tesla doesn’t have a complete product portfolio, so there’s a…

Rivian boosts production of electric vehicles in the second quarter by building 4,401 vehicles in the period. This achievement gives electric vehicle makers momentum as they work to address parts and supply chain issues. Rivian produced 4,401 vehicles at its manufacturing facility in Normal, Illinois and delivered 4,467 vehicles during the same period. This year’s second quarter results were up from 2,553 in the first quarter. This increase in production keeps Rivian on track to produce 25,000 units this year across its three products. RJ Scaringe, CEO of Rivian, tweeted that production has increased and is keeping the company on…

A software update at Tesla allows vehicles to scan for potholes, damaged pavement, and other defects, Electrek reports. The scan data is used to generate “rough road map data”, and makes the vehicle activate the adaptive suspension to adjust the height for a more comfortable driving experience. Elon Musk tweeted the feature back in 2020 and this seems to be the first step. “This adjustment may occur at various locations, subject to availability, as the vehicle downloads rough road map data generated by Tesla cars,” the release notes state. The road scanning capability only works for Tesla Model S and…

US engine manufacturer Cummins and Japanese construction equipment maker Komatsu have agreed a partnership to develop zero-emission trucks for use in mining operations. As an initial stage, Cummins and Komatsu have now carried out a study on mining transportation vehicles that can run on various future energy sources such as hybrid diesel-electric drives, battery energy and hydrogen fuel cell drives. The first objective of this alliance was to further develop the existing Komatsu concept. Last year, Komatsu and several of its customers from the mining industry established the Komatsu Greenhouse Gas Alliance to promote electrification in the mining sector. Amy…

Onto, a British company with a focus on electric car subscription services, added 600 electric cars from Peugeot to its fleet this month. Orders from Onto consisted of 300 units of e-208 and 300 units of e-2008, respectively. Both models ordered by Onto rely on electric drives commonly used by car brands under Stellantis. Both models use front wheels driven by a 100 kW e-motor supplied by Vitesco. It uses a 50 kWh battery installed as a power store, of which about 45 kWh can be used. For the e-208, the paired battery delivers a range of 225 miles according…

Transdev Canada has announced an order for 30 electric school buses from Lion Electric. The addition of 30 new electric school buses means Transdev Canada electrifies its electric bus fleet by nearly 40% in Quebec. The 30 electric school buses will be operated in Montérégie and Eastern Townships in the spring of 2023. Previously, Transdev Canada has also ordered 27 electric school buses from Lion Electric which are now operational. Lion Electric has grown rapidly in recent years with many orders for electric buses from their customers. Lion Electric has also branched out into electric trucks, which have seen an…

The battery is the most important component in an electric car. Generally the battery used in electric cars today is a type of lithium ion. This type of battery is capable of producing large electrical power, efficient in use and also supports fast charging. Likewise with the Hyundai Ioniq 5 which uses a lithium ion battery with a capacity of 58 kwh for the standard variant and 72.6 kwh for the long range variant. Car owners need to know that there are two main things that can make a lithium ion battery so easily damaged. those two things are fast…

Norway has long been known as an electric vehicle paradise. In June, the Scandinavian country had registered as many as 11,722 new electric cars. This is equivalent to 78.7 percent of all new passenger car registrations for the month. In the plug-in hybrid segment, in June there were 1,669 registered vehicles. In June, the Tesla Model Y became the best-selling model with 2,533 registrations. Compared to May with 8,445 car registrations, electric car registrations in June experienced a significant increase – but compared to the same month last year, there was a decrease of 11.1 percent. In June 2021 the…

The electric car market is getting busier thanks to the presence of a number of start-ups that focus on targeting the electric vehicle market. One of the startups that is currently expanding is Aiways, an electric vehicle company from China. The company, which was founded in 2017, is currently expanding its market in various countries. One country that wants to be immediately targeted is Australia. Australia became a target for Aiways after the company had already successfully marketed EVs in China and Europe. The plan, expansion in Australia will begin next year. Most likely, the manufacturer is enlivening the Australian…

Earlier in the year, Chevrolet had released several images of the Chevy Silverado EV 2024 showing the pick-up truck in its top trim version in a gorgeous glossy blue last January. On June 30, as if to answer the fans’ curiosity, photos showing the original appearance of the electric pickup circulated. General Motors (GM) itself released photos of the prototype used when they tested the new EV candidate at the company’s special test area, Milford Proving Grounds. CEO of GM, Mary Barra, said that the prototype will begin testing on public roads around Michigan, United States next month. https://twitter.com/mtbarra/status/1542518964135161859 However,…

ROKiT Venturi Racing driver, Edoardo Mortara, has successfully led the 2022 Formula E standings. Mortara leads the standings, after picking up 25 points as the winner of the 2022 Formula E Marrakesh at Circuit International Automobile Moulay El Hassan, Morocco. This achievement brings Edoardo Mortara 11 points ahead of DS Techeetah driver, Jean-Eric Vergne, who is now in second place in the 2022 Formula E standings. Stoffel Vandoorne (Mercedes EQ), which was previously firmly at the top of the standings, had to be willing to drop to third place with 125 points. The Belgian driver was only able to finish…

Polestar O2 was launched as an electric roadster concept in March this year and has since captured public attention, especially with its drone features. The automaker is considering the concept car as a production model, said company CEO Thomas Ingenlath. The CEO of Polestar has said that he wants to turn the O2 into a production car that is offered to the public. In an interview with TopGear, Thomas Ingenlath said that realizing the O2 concept is not an easy thing considering the complexity aspect it has. “You have to respect the complexity. We have to see where the O2…

Electric car manufacturer Tesla Inc. recorded its first quarterly production decline in two years following the closure of a factory in Shanghai due to Covid-19. Reported by Bloomberg, Tesla delivered 254,695 vehicles during the second quarter of 2022, down from 310,048 compared to the previous quarter (quarter-to-quarter/qtq), but still up from the same period in 2021 of 201,250. The figure also missed the median forecast of analysts in a Bloomberg survey which estimated Tesla’s vehicle shipments to reach 261,181. Tesla’s management said the company is currently facing ongoing supply chain challenges and factory closures are out of control. The shipment…

Most of the manufacturers issued their first electric models in the SUV format. Recently, Drako Motors has just revealed the Dragon, their electric SUV which is said to be capable of producing up to 2000 hp of power. From the releases in circulation, the Drako Dragon is built differently from most electric SUVs, by using fiber material in almost the entire body. The use of fiber material creates a luxurious feel for this 5-passenger car and makes it compete with super car SUVs with internal combustion engines, such as the Porsche Cayenne and Lamborghini Urus. While in the electric SUV…

Lamborghini CEO Stephan Winkelmann said it would invest at least 1.8 billion euros ($1.88 billion) in their electrification plan. The Italian supercar manufacturer will release a hybrid model in 2024 and more fully electric models by the end of the decade. Last year, Lamborghini said it would invest 1.5 billion euros to convert the Huracan, Aventador and Urus from an internal combustion engine to a hybrid powertrain by the end of 2024. “We have earmarked 1.8 billion, but in reality it will be much more – the biggest investment in the history of Lamborghini Automobili,” Winkelmann told Il Sole 24…

Citroen has launched the e-C4 X which is an all-electric version of the C4 X, a four-door fastback with some SUV attributes. The e-C4 X is built on the same CMP platform as the C4 and C5 X. The Citroen e-C4 X offers sedan car space with a large trunk, quiet operation and modern SUV-inspired styling. In terms of dimensions, the Citroen e-C4 X has a length of 4.6 meters, a width of 1.8 meters, a height of 1.52 meters and a wheelbase of 2.67 meters. Unlike the C4, which has a luggage capacity of 380 liters (13.4 cu-ft.), the…

Volta Trucks announces that it has completed the first driving evaluation and feedback session of the Design Verification of the Volta Zero prototype. With that, the company claims to have provided a customer first experience of a zero-emission medium-duty truck designed for urban logistics, providing a real-world understanding of vehicle performance, the world’s first driver-focused cab and safety features. innovative. The evaluation, conducted at the UTAC Autodrome de Linas-Montlhery in Paris, France, is the company’s latest milestone in its accelerated journey to bring zero-emission trucks to market at industry-leading speeds. Volta Trucks Chief Executive Officer (CEO) Essa Al-Saleh revealed that…

The Hyundai Ioniq 6 electric car has finally been officially introduced in its entirety. Previously, Hyundai only released a detailed teaser of the design of this electric sedan. The design of this electric sedan is completely aerodynamic. The front looks minimalist, without many pinned ornaments. While on the hood, the right and left sides are made more prominent and seem to be part of the A pillar. The headlights are different from the Ioniq 5, but still have LEDs with a square shape. Then, under the lamp, there is an ornament in the form of a horizontal line that extends…