Cash injection: Daimler and BYD both want to invest 500m yuan (72.6m dollars) into their indebted EV joint venture in China. Shenzhen Denza New Energy Automotive Co. will thus recapitalise to 3.36bn yuan, up from 2.36bn in order to strengthen its brand and distribution. To date, Denza has failed to turn a profit since its first and only jointly developed EV hit the market in 2014. Since then, BYD and Daimler increased the range to 400 km last year but apparently to little avail.
Electric super Skoda? Volkswagen’s Czech subsidiary is eyeing a sports EV, Auto Express reports. It will fit into the planned line-up of no less than five electric cars by Skoda although it will be most likely be the last in line by 2025. All electric Skoda will utilise VW’s MEB platform.
Austria is next for Audi after the brand opened its order books for the e-tron quattro in Norway first. Alpinist may pay a 1,000 euros to secure their place on the waiting list. A launch is only due by the end of next year, although a concept appeared as early as 2015. Audi told electrive.net about its plans to add an 11 kW on-board charger to charge the 95 kWh battery that is to last for about 500 km.
electrive.net (in German)
Jaguar I-Pace is making the rounds in Monaco where the brand’s first EV was caught bare. More revelations had to be made by Jaguar CEO Ian Callum on Twitter, where he admitted the I-Pace’s inability to tow a trailer unlike its opponent the Tesla Model X.
electrek.co (images), insideevs.com (trailer)
U.S. pricing Smart ED: The next-gen Smart for two ED will be 1,200 dollars cheaper than its predecessor. Prices start from 23,800 dollars in the USA , where sales are to begin this summer.
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