CATL eyes Europe: Chinese battery manufacturer Contemporary Amperex Technology, who reportedly wants to increase production capacities to 50 GWh per year by 2020, is getting ready to conquer Europe. It has bought 22 percent of Finnish company Valmet Automotive, saying that its goal is to supplier European OEMs with battery packs and drivetrains for electric vehicles.
Too good to be true: That’s how British start-up Vigo Motorcycles advertises its new 90 kW strong high-voltage e-bike on its website. It is said to go 640 km on one charge, have a top speed of 290 kph, and go from 0 to 100 kph in 3.2 seconds. All while it costs just 8,000 pounds. That really does sound too good to be true.
Hyperloop update: As part of SpaceX’s Hyperloop Pod Competition, contestant teams got to present their concepts over the weekend. A total of three teams were allowed to test their idea in a one-kilometre-long vacuum tube. The TU Delft emerged as the overall winner, while the TU Munich was able to reach the highest speeds.