Tesla’s China factory ready for realisation? The Californian EV maker is allegedly close to sign an agreement with the city of Shanghai in order to build a Tesla plant in the Lingang development zone. Bloomberg quotes insiders, stating the deal may be done before the week’s end. With the negotiations being private, it remains unclear, who may become Tesla’s joint venture partner required to be allowed to produce in China. Chinese internet giant Tencent only recently accumulated a 5 percent stake in Tesla but their role is likely to help with communications if anything. Once Tesla starts producing in China, the 25 percent import tax would become obsolete.
Hyundai gears up FCV: 3,600 units may be made of Hyundai’s new fuel cell serial model based on the FE Fuel Cell Concept presented at the Geneva Auto Salon. If insiders are right, that represents a significant increase compared to the predecessor ix35 Fuel Cell that sold less than 1,000 times to date. Hyundai’s motivation could be to surpass Toyota’s Mirai FCV, which has found almost 3,000 buyers.
GAC with concrete strategy: Seven new EV and PHEV models are set for launch before the year’s end, says GAC, thus manifesting previous announcements. The Chinese company wants to electrify 20 percent of the total sales volume of 1m cars by 2020. It also set sight on entering the States by 2019.
Mahindra doubles its investment into e-mobility as it earmarks up to 12bn rupees (167m euros) for its electric transport division. Mahindra Electric is then to provide electric propulsions to Mahindra and other OEMs. A new factory in Chakan to produce EVs and to install battery packs is underway as well.
— Text Ad —
Every workday, “electrive.com today” delivers the latest electric-mobility news from around the world right to your inbox – short, to the point and free of charge. We cover global stories but also keep a focus on relevant news from Europe! Anyone, that would like to receive a free subscription, just needs to email us at firstname.lastname@example.org or visit www.electrive.com
First photos of Kia Stonic: Ahead of its official debut at the IAA in September, pictures of Kia’s Stonic have appeared online. Like the recently unveiled Kona, the Korean compact crossover shall have an electric powered twin from launch.
Phat market entry: 20 mph is the top speed of a new electric scooter supposed to go 30 to 50 miles on a single charge. Made by Arizona start-up Phat Scooters, the battery sits flush under the deck. Pre-orders are possible from this week onwards.