Voltabox adjusts business prognosis for this year
Battery systems manufacturer Voltabox estimates that it will not achieve its growth targets for 2020 due to the Covid 19 pandemic and is reducing its forecast for the current fiscal year. It remains to be seen whether the situation will also affect Paragon’s plans to sell its Voltabox shares.Weiterlesen
Voltabox finance under review
The share price of the German battery systems manufacturer Voltabox plummeted after auditors found a total of nine errors in the consolidated financial statements for 2017. Among other things, the loss margin was apparently understated by more than 14 million euros.Weiterlesen
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.
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Paragon, Subaru, Umicore, Efficient Drivetrains.
Paragon plant in China: The factory in Kunshan will initially focus on air quality sensors. The company’s sub-brand Voltabox will assemble battery systems for Chinese electric (commercial) vehicles from Q1 2016. The proprietary lithium ion battery cells will be produced exclusively for its sub-brand Voltabox by a specialist manufacturer in China.
Subaru plans carefully: The manufacturer will introduce its first plug-in hybrid by 2018, but will sell it only where emission regulation requires it. Fuel cells are a future option as well, German paper Die Welt reports. In general, Subaru intends to cap its sales at 1m vehicles annually to keep its niche position.
autonews.com, welt.de (FCV, in German)
Share transfer: Umicore wants to sell all of its shares of beLife, a producer of lithium iron phosphate (LFP) cathode material, to its joint venture partner Prayon. The latter just recently formed a JV with Chinese Pulead to manufacture and sell lithium iron phosphate (LFP).
Plug-in truck: Efficient Drivetrains presents a new plug-in truck with 40 miles of electric range. The retrofitted Class-4 JAC truck also runs on Compressed Natural Gas to increase range to a total of 300 miles and was realised together with Greenkraft, CALSTART and the California Energy Commission.