Evergrande announces the first six Hengchi models
More details have been revealed about the Chinese Evergrande Group’s ambitious electric car plans: Evergrande has now announced the first six models to be offered under the Hengchi brand.
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WM Motor plans 3 new models before the end of 2021
The Chinese electric car manufacturer WM Motor aka Weltmeister is apparently planning a rapid expansion of its model range. According to Chinese media reports, two new e-SUVs and one electric sedan are planned for the second half of 2020 and next year.
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Hoppecke to carry out battery servicing for CATL in Europe
The German energy storage specialist Hoppecke has signed a Europe-wide partnership agreement with China’s battery cell manufacturer CATL. On behalf of CATL, Hoppecke is responsible for testing, repairing and replacing the lithium-ion batteries installed in electric vehicles.
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Mitsubishi will no longer bring new models to Europe
Mitsubishi has presented its strategic plan until 2022. It includes the decision not to launch any new models on the European market for the time being. Existing models are to be sold on.
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GM launches an eSUV, a PHEV and a small e-car in China
The General Motors brand Buick has launched its first all-electric SUV on the Chinese market called the Velite 7, along with the PHEV Velite 6. With its Chinese joint venture with SAIC and Wuling, GM is also offering a purely-electric ultra-small and low price electric car called the Hong Guang Mini EV.
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VW’s 1.22 billion euro battery deal with Wanxiang A123
According to so far unconfirmed information from China, Volkswagen has chosen Wanxiang A123 as another battery cell supplier for its electric cars. Apparently, Volkswagen plans to purchase at least ten billion yuan (1.22 billion euros) worth of batteries.
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BorgWarner delivers electric drives in China
BorgWarner has begun supplying its eDM electric drive module for three Chinese electric models. The eDM will power the JMC Ford Territory EV, Aiways U5 and Leading Ideal One.
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Nio signs credit lines with local banks for €1.3Bn
Nio is moving on from crisis as the EV start-up secures fresh capital from banks in China. The company had signed credit lines with six domestic banks for a total of 10.4 billion yuan (around 1.3 billion euros) just days ago.
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Xpeng Motors collects $500M to develop more EVs
Xpeng, an electric vehicle start-up run by former Alibaba executive He Xiaopeng, has raised around $500 million in a new round of financing. The company says it wants to develop further models targeting tech-savvy middle-class consumers in China.
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CATL to kick-off LFP cell supply for Tesla China Model 3
Reports from China claim, CATL will start supplying Tesla with LFP cells already this July. At present, the largest number of cells for the Tesla China Model 3 come from LG Chem’s Chinese production.
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Gotion is building new battery factory thanks to VW
After Volkswagen had bought the largest share in Chinese battery manufacturer Gotion High-Tech last May, the latter is now planning to build a factory for cathode materials with a high nickel content in Hefei, China.
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BMW iX3 to cost €70,000 once it hits Europe
BMW has named the prices for the iX3, which is to be launched in China this year. When the electric SUV will later go on sale in Europe, BMW is calling for prices starting just under 70,000 euros.
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McKinsey finds 7 of 10 China EVs potentially profitable
The management consultancy McKinsey has disassembled and analysed ten popular electric cars from Chinese manufacturers for a new study. From this, the consultants derived some interesting statements on possible profits and the market prospects of international manufacturers.
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Tesla lowers Model Y base price in the USA
Tesla has reduced the base price for the Model Y in the USA by 3,000 dollars to just under 50,000 dollars. Besides, Elon Musk announced a further drive variant for the compact electric SUV.
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Honda has taken a one-percent stake in CATL as the company seeks a stable supply of battery cells and also closer cooperation in the areas of development and research as well as recycling and second-life approaches.
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Daimler in talks to sell French Hambach plant
Daimler plans to sell its plant in Hambach, France, where they build the Smart electric vehicles. In 2018, Daimler had announced that the factory would also make a compact model of the electric car brand EQ, presumably the EQB.
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Mercedes invests in battery production with Farasis
Mercedes-Benz has agreed a strategic partnership with the Chinese battery cell manufacturer Farasis Energy and is also taking a financial stake in the Ganzhou-based company. Farasis’ already planned plant in Bitterfeld-Wolfen will then primarily supply the German Mercedes plants.
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Baojun sells electric cars in China for under $10,000
Baojun, the Chinese brand born of the SAIC-GM-Wuling joint venture, launched the E300 and E300 Plus electric vehicles. Six variants are priced between RMB 64,800 ($9,154) and RMB 84,800 ($11,980).
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Porsche presents Taycan variant for China
Porsche has now presented the announced entry-level version of the Taycan with rear-wheel drive in China. It offers an engine output of up to 350 kW and is available with both well-known battery options.
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Xpeng launches deliveries of the P7 sedan
The Chinese electric car startup Xpeng Motors has started deliveries of its second production model in China. The Xpeng P7 electric sedan will be offered at prices starting at 229,900 yuan (around 29,950 euros) after subsidies.
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Geely-owned Terrafugia completes eVTOL test flights
Terrafugia, the aircraft developer Geely took over, presented a prototype of its all-electric vertical take-off plane TF-2A and says they have undertaken test flights already. Terrafugia has now also provided the first key technical data on the aircraft.
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CATL invests millions in new battery research centre
CATL has begun construction of an innovation laboratory at its headquarters in Ningde in the eastern Chinese province of Fujian. The laboratory, named 21C Lab, will focus on the development of next-generation batteries and new energy conversion systems.
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ABB scores major order from GAC Toyota via Chargedot
ABB has received a major order for charging infrastructure worth around five million US dollars through the Chinese charging specialist Chargedot: The Chinese manufacturing joint venture GAC Toyota is ordering several thousand AC wall boxes.
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It’s official: China sets NEV quotas till 2023
The Chinese government has now made the final decision to extend its quotas for New Energy Vehicles (NEV) beyond 2020. This includes electric cars and plug-in hybrids.
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Nissan & Sunwoda exploring next-gen battery development
Nissan has announced a collaboration with Chinese company Sunwoda Electric Vehicle Battery to develop next-generation batteries for its e-Power vehicles jointly. The negotiations also include a production system to ensure a stable supply capacity for the shared cells.
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SAIC brand Maxus brings electric van to the UK first
Maxus, formerly LDV and a British brand of China’s SAIC, is now taking orders for the E Deliver 3, its first compact electric van, in the UK. The E Deliver 3 had debuted as EV30 before the Maxus re-brand and is expected to arrive in September.
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Next electric VW ID.4 look leaked from China
Chinese media have unveiled first pictures of the serial version of the VW ID.4. The source of the images seems serious enough for us to break it to you – the Chinese Ministry of Industry and Information Technology (MIIT).
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Evergrande to buy up the rest of NEVS
The Chinese Evergrande Group has announced its intention to take over National Electric Vehicle Sweden (NEVS) entirely. The acquisition of the remaining shares is to be completed by autumn.
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Glencore to supply Tesla with Cobalt
Glencore is apparently going to supply Tesla’s Gigafactory in Shanghai and the planned plant in Brandenburg with cobalt from the Congo. A recent article in the Financial Times already mentions concrete quantities to be delivered to Tesla.
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Mini rumoured to be going cobalt-free
According to a British news site, Mini is planning the first electric model as a five-door SUV as part of the Spotlight Automotive joint venture. There is also speculation about the cell supplier and a larger SUV for the USA.
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