Author: Robin Cannon

Li Auto experienced another extraordinary month of deliveries in May, resulting in its single-month revenue exceeding RMB 10 billion for the first time. According to the latest data released today, Li Auto delivered a total of 28,277 vehicles in May, marking a remarkable year-on-year increase of 145.97% and a 10.11% rise from April. This is the third consecutive month that Li Auto has surpassed the 20,000-unit mark, demonstrating its consistent growth in the market. Li Auto reported that their entry-level model, the five-seat Li L7, achieved impressive results with over 10,000 deliveries for the second month in a row; however,…

Rover, the renowned automobile manufacturer with a rich history, has made a triumphant return by venturing into the thriving electric bicycle industry. This surprising development comes at a time when e-bikes are gaining immense popularity across Europe. Rover’s strategic decision to tap into this market has placed them in a unique position, particularly as they aim to capture the entry-level segment. What sets them apart, however, is their ability to fuse premium attributes into their latest creation, the UMR 809. The UMR 809 e-bike from Rover showcases an exquisite fusion of minimalist aesthetics and functional design, tailored for urban environments.…

Hyundai Mobis, the renowned automotive parts supplier, has commenced the construction of a cutting-edge battery systems plant in Indonesia. The newly established facility will be situated in Bekasi, a city located approximately 60 km southeast of Jakarta, and is expected to be completed by the first half of 2024. Upon its inauguration in 2024, the facility will serve as a crucial supplier of battery systems for upcoming electric vehicle (EV) models set to be launched in Southeast Asia. Hyundai Mobis will source battery cells from HLI Green Power, a joint venture between the Hyundai Group and LG Energy Solution. Notably,…

China’s thriving car industry is about to witness a new entrant as the SAIC-GM-Wuling joint venture introduces the Yep, its maiden all-electric SUV under the Baojun brand. Having made its debut at the Shanghai Auto Show in April, the compact Baojun Yep officially hit the market on May 25. With a starting price of 79,800 Yuan ($11,240) and a maximum price of 89,800 Yuan ($12,698), the Yep aims to cater to the growing demand for electric vehicles in China. Measuring a mere 133.1 inches (3,381 mm) in length, 66.3 inches (1,686 mm) in width, and standing 67.7 inches (1,721 mm)…

Fisker has announced that its all-electric model, the Fisker Ocean Extreme, boasts an impressive estimated total range of 360 miles, according to the Environmental Protection Agency (EPA). This figure exceeds the company’s initial estimates and positions the Fisker Ocean Extreme as the electric SUV with the longest range available in the United States market for under $200,000. The EPA certification further solidifies the Fisker Ocean Extreme’s standing as a leader in the electric SUV segment. The vehicle, including the limited edition Fisker Ocean One, offers the longest range among all electric SUVs currently sold in the US under the aforementioned…

In a recent report released today, North America has secured its position as the fastest-growing regional market for planned new battery cell manufacturing factories by the end of 2022. The “Energy Storage System Supplier Market Intelligence Report” by Clean Energy Associates (CEA) highlights that this remarkable growth can be attributed to the incentives provided by the Biden administration’s Inflation Reduction Act (IRA). The surge in North American battery factories is exemplified by major announcements from industry leaders. Ford and CATL revealed their plans in February 2022 to construct a $3.5 billion, 35 GWh lithium iron phosphate (LFP) cell production facility…

Gboost, a prominent French brand specializing in e-bike conversion kits, has recently launched an enhanced version of their popular product. The latest offering includes the revolutionary V8 motor, which weighs a mere 950g (approximately 2.09 lbs) and stands out for its exceptional quietness, claiming the title of the most noiseless motor on the market. With the Gboost conversion kit, transforming your regular bicycle into an electric-powered vehicle is now a breeze, as the installation process takes a mere 10 minutes, thanks to the motor’s streamlined design and a single screw attachment mechanism. Furthermore, the integration of a pedal assistance sensor…

Jaguar Land Rover (JLR), the renowned British luxury automaker, is undergoing a significant transformation in its vehicle lineup to align with the industry’s shift towards electric vehicles (EVs). In its latest plans, JLR aims to introduce an electric successor to the Range Rover Velar, an elegant and functional contender in the upcoming electric SUV market, where it will rival the Porsche Macan EV. Last year, JLR announced its intention to revamp its Halewood facility, originally established by Ford, located on the outskirts of Liverpool. The automaker revealed its plan to produce at least three EVs at this plant. While JLR…

Swedish marine propulsion startup ZParq has recently concluded a successful seed round, raising €2.5 million ($2.68 million) in funding. The investment, led by cleantech investors, signifies a major step forward for ZParq in its mission to introduce compact electric marine motors, powertrains, and related technologies to the market, thereby contributing to the decarbonization of the marine industry. Established in 2020, ZParq aims to revolutionize marine propulsion by offering highly compact and scalable systems for propeller-driven watercraft. The company prides itself on delivering sustainable solutions throughout the entire value chain. With a team well-versed in electromechanical design, hydrodynamics, electronics, and product…

Hyundai, the South Korean automotive manufacturer, maintains its conviction that flying cars will have a role to play in the future of mobility systems. The company is on track to introduce a production version of its electric vertical takeoff and landing (eVTOL) Vehicle Cabin Concept before the end of this decade. In a recent interview with Top Gear, Michael Cole, Hyundai’s UK President and CEO, expressed the brand’s continued commitment to this ambitious endeavor. However, he clarified that the initial applications might be focused on cargo transport within cities, with passenger services expected to follow later, albeit on a smaller…

In a significant development for the electric vehicle (EV) market, Ford Motor Co witnessed a surge of more than 7% in its shares on Friday. The second-largest automaker in the United States announced a groundbreaking deal that allows its electric-vehicle owners access to Tesla Inc’s charging stations across North America. Ford CEO Jim Farley expressed his belief that Tesla’s Superchargers could potentially become the standard for EV charging in the United States. He acknowledged that, at present, there is no immediate need to make a definitive choice regarding the charging standard. Farley stated that with the aid of adapters and…

South Korean battery manufacturer LG Energy Solution (LGES) is making a significant investment in the Australian-based lithium miner Green Technology Metals (GT1) and has recently signed a preliminary supply agreement with GT1 specifically for North America. In a move aimed at expanding its presence in the region, LGES is injecting AUD 20 million (approximately €12 million) into the Australian-based lithium miner, GT1. This investment will pave the way for LGES to secure 25 percent of the lithium produced from Green Technology Metals’ Seymour project located in Ontario, Canada. The preliminary supply agreement encompasses a five-year duration, commencing from the initiation…