WM Motor to pick up $288 million in additional funding
The Chinese EV startup WM Motor is set to pick up at least 2 billion Yuan in a new round of financing, according to a Reuters report. The money will be used to finance further company expansion.Weiterlesen
Baidu to start making autonomous electric buses
China’s equivalent to Google, Baidu, is about to begin serial production of electric shuttle buses that will self-drive in selected areas. And it is that autonomy behind that self-drive that may be Baidu’s concern rather than just making EVs themselves.Weiterlesen
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Swatch, EC Power, JAC, Baidu, Tesla.
Swatch batteries to come in 2018: After delays, the announced Super-battery for EVs made by Swatch shall finally roll off the production lines in the upcoming year. It is supposed to provide 30 percent increase in capacity compared to the Gigafactory product. The delay is due to the company’s target to still improve and optimise the cathode of the battery, according to Swatch CEO Nick Hayek.
U.S. battery tech for Chinese EVs: The Winter Olympic Games in 2022 in Beijing shall see 10,000 electric-powered service cars and buses, equipped with cell tech developed by Pennsylvania State University spin-off EC Power. Its so called all-climate battery (ACB) is said to be performing even with temperatures as low as minus 30 degrees Celsius. The battery packs are supposed to be produced by EC Power’s licensees MGL in China.
Autonomous EVs by JAC and Baidu? Chinese search engine giant Baidu teams up with manufacturer JAC, in order to kick-off serial production of autonomous cars by 2019. It’s likely that they go for new energy vehicles, maybe even for fully electrified cars.
Tesla kicks-off solar cell production: In the EV maker’s solar plant in Buffalo, called Gigafactory 2, the first cells for Tesla’s solar panels roll off the lines. Tesla and Panasonic target an annual production capacity of 1 GW by 2019, in the long term even 2 GW, according to a new statement of Tesla Chief Technology Officer JB Straubel.
Tesla, Baidu, Mercedes, e-rickshaws, Beijing.
Show Tesla the money: Another round of financing is needed if the Model 3 and Gigafactory are to go ahead as planned. Tesla says, it intends to raise additional funds by the years’ end “through potential equity or debt offerings.” The merger with SolarCity plays a role as well. Apart from risks, Tesla also offers new securities. ‘InsureMyTesla’ is the firm’s first insurance product and will be available in Australia and Hongkong with QBE Insurance and AXA General Insurance as partners.
electrek.co, sec.gov, usatoday.com, electrek.co (insurance)
Autonomous EV by Baidu: The Chinese equivalent to Google has started testing its self-driving technology with an all-electric Chery EQ. Previously, Baidu used a modified BMW 3-series. The company plans to put its technology to public shuttle duties by 2018.
Hybrid AMG racer: Mercedes’ tuning arm AMG will presumably celebrate its 50th jubilee with a special edition. The rumours may take on production form already by 2017, Top Gear learned. Three electric motors coupled with an extra strong F1 engine would make for a fine 700 hp hybrid.
Free e-rickshaws: India has liberated electric carts and rikshaws from requiring any permits to allow them to hit the roads freely. Restrictions can still be imposed for driving in specified areas or streets.
LEV ban in China: Beijing has banned segways and electric scooters from Chinese roads. Security issues like illegal speeds over 20 mph, missing lights, and weak brakes are behind the move. Drivers being caught face a fine of 10 yuan (1.5 dollars).
Volkswagen, BYD, Proterra, Baidu, Aston Martin, Paragon.
VW has to pay 14.7bn dollars to settle the diesel scandal in the USA. 2bn will fund ZEV infrastructure and initiatives over ten years. Most money (10bn) is to go into a funding pool for affected consumers, who will then have to choose between a buyback or emissions modification. The latter has to be approved by the EPA and CARB. If the court ultimately approves the ruling, it will be the largest consumer auto industry class action settlement in U.S. history. VW may face criminal charges still.
greencarcongress.com, dailymail.co.uk, vwcourtsettlement.com (check for eligibility)
Dreaming big: BYD aims to sell 1 million electric vehicles by 2020 and believes in an EV marketshare of 30% by 2025, assuming that growth is accelerating. Furthermore, BYD is to start a pilot with an elevated transit bus for up to 50,000 passengers in Shenzhen this September. The concept resembles the straddling bus and the Airbus would travel 5 – 10 metres above cars.
Open fast-charging patents: Proterra released patents on overhead fast-charging technology for electric buses, following Tesla and Toyota in the hope to accelerate the industry. The technology that has been made available openly is called Single Blade Charging and access is royalty-free.
Chinese Google car: Baidu, China’s equivalent to Google, gears up to mass produce driverless cars within five years time. Testing of the autonomous vehicles is under way and while nothing has been said about the nature of those cars, it seems rather obvious that they will be electric in one way or another.
Similarly certain is that the super car by Aston Martin and Red Bull is to be a hybrid, Autocar reports. A model of the AM-RB 001 hypercar has been presented to the selected few already and is set for public debut on July 5. Working prototypes cannot be expected before spring next year though.
Mining more sustainably: Paragon subsidiary Voltabox is to strategically cooperate with Joy Global to develop smart battery systems for the latter’s mining equipment. First deliveries are planned for 2017.