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Found 190 results

  1. You find yourself in the showroom, ready to drive away in a new Chevrolet Bolt, Nissan Leaf, or Tesla Model S. But there is one big question that needs to be decided, do you buy or lease it? According to a report from Bloomberg, most buyers of EVs tend to lease. In the U.S., almost 80 percent of electric vehicles on the road are leased according to their report. It also says that 55 percent of plug-in hybrids are leased. More than 80 percent of BMW i3s are leased as an example. The key reason comes down to the belief that electric vehicles will continue to improve and buyers can simply trade them - similar to purchasing a new smartphone. "When there’s new technology coming out, and it’s coming out so rapidly, and you’re improving on it so constantly, typically people only want to lease it,” said Steve Center, a vice president of American Honda Motor Co., back in April. This bet seems to be paying off as the range of electric vehicles has been increasing, while prices of batteries have been going downward. “If you look at what can happen across the lifetime of a lease, you’re really talking about doubling the range of these vehicles,” said Edmunds analyst Jeremy Acevedo. The imbalance between leasing/buying an electric vehicle has also made used EVs to become a steal. According to auto analytics firm Black Book, compact electric vehicles sold in 2014 only hold 23 percent of their original sale price. A comparable internal combustion vehicle holds about 41 percent. Doing a quick search on Cars.com, we were able to find low mileage 2015 Nissan Leafs ranging $14,000 to $16,000. The big question is will this trend continue down the road, considering the likes the Model 3 and models coming from German automakers. Source: Bloomberg
  2. You find yourself in the showroom, ready to drive away in a new Chevrolet Bolt, Nissan Leaf, or Tesla Model S. But there is one big question that needs to be decided, do you buy or lease it? According to a report from Bloomberg, most buyers of EVs tend to lease. In the U.S., almost 80 percent of electric vehicles on the road are leased according to their report. It also says that 55 percent of plug-in hybrids are leased. More than 80 percent of BMW i3s are leased as an example. The key reason comes down to the belief that electric vehicles will continue to improve and buyers can simply trade them - similar to purchasing a new smartphone. "When there’s new technology coming out, and it’s coming out so rapidly, and you’re improving on it so constantly, typically people only want to lease it,” said Steve Center, a vice president of American Honda Motor Co., back in April. This bet seems to be paying off as the range of electric vehicles has been increasing, while prices of batteries have been going downward. “If you look at what can happen across the lifetime of a lease, you’re really talking about doubling the range of these vehicles,” said Edmunds analyst Jeremy Acevedo. The imbalance between leasing/buying an electric vehicle has also made used EVs to become a steal. According to auto analytics firm Black Book, compact electric vehicles sold in 2014 only hold 23 percent of their original sale price. A comparable internal combustion vehicle holds about 41 percent. Doing a quick search on Cars.com, we were able to find low mileage 2015 Nissan Leafs ranging $14,000 to $16,000. The big question is will this trend continue down the road, considering the likes the Model 3 and models coming from German automakers. Source: Bloomberg View full article
  3. Toyota is well aware that they are quite behind competitors when it comes to electric vehicles. Facing a “now or never” crisis, the Japanese automaker announced a new plan that will see it sell more than 10 electric vehicles worldwide by 2020. The plan hinges on a significant acceleration in the development and launches of hybrids, plug-in hybrids, electric vehicles, and fuel cells. The new vehicles will be launched in China first, followed by other markets such as Japan and the U.S. Toyota is also planning on having an electrified version of every model in the Toyota and Lexus lineups by 2025. The goals mark a major departure for Toyota as they have tended to focus more on hybrids and fuel cell vehicles, not electric-only models. The company had said for the longest time that electric vehicles would be a niche market due to their limited range, slow recharging times, and high costs. Toyota would instead focus on developing fuel cell vehicles which had its own issues - limited fuel infrastructure and slow refueling times. But with various governments beginning to clamp down on emissions, Toyota knew it had to make a course change. The company is planning on launching a new, solid-state battery in the early 2020s which will improve the performance and weight of their electric vehicles. Source: Automotive News (Subscription Required), Toyota Press Release is on Page 2 Toyota Aims for Sales of More Than 5.5 Million Electrified Vehicles Including 1 Million Zero-Emission Vehicles per Year by 2030 Electrified vehicles to be available across the entire Toyota and Lexus line-up by around 2025 Toyota City, Japan, December 18, 2017―Toyota Motor Corporation (Toyota) announces today its plans toward the popularization of electrified vehicles for the decade 2020-2030. Toyota's electrified vehicle strategy centers on a significant acceleration in the development and launch plans of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs). Toyota has been working toward creating ever-better cars and an ever-better society under the thinking of contributing to a sustainable society and creating mobility that brings smiles to customers. Addressing environmental challenges, such as global warming, air pollution, and limited natural resources and energy supply are of utmost importance to Toyota. "Environment" is one of the anchors of the company's product development, alongside "safety/peace of mind" and "emotion." Electrified vehicles, which are effective for economical consumption of fuel and promoting usage of alternative fuels, are indispensable in helping to solve current environmental issues. In October 2015, Toyota launched the Toyota Environmental Challenge 2050, which aims to reduce the negative impact of manufacturing and driving vehicles as much as possible and contribute to realizing a sustainable society. In the ever-better cars category, Toyota aims to reduce global average new-vehicle CO2 emissions by 90 percent from 2010 levels. Today's announcement is the main pillar of a mid-to-long-term initiative to achieve this challenge. Electrification across the entire Toyota and Lexus line-up By around 2030, Toyota aims to have sales of more than 5.5 million electrified vehicles, including more than 1 million zero-emission vehicles (BEVs, FCEVs). Additionally, by around 2025, every model in the Toyota and Lexus line-up around the world will be available either as a dedicated electrified model or have an electrified option. This will be achieved by increasing the number of dedicated HEV, PHEV, BEV, and FCEV models and by generalizing the availability of HEV, PHEV and/or BEV options to all its models. As a result, the number of models developed without an electrified version will be zero. Zero-emission Vehicles Toyota will accelerate the popularization of BEVs with more than 10 BEV models to be available worldwide by the early 2020s, starting in China, before entering other markets―the gradual introduction to Japan, India, United States and Europe is expected. The FCEV line-up will be expanded for both passenger and commercial vehicles in the 2020s. Hybrid Electric and Plug-in Hybrid Electric Vehicles The HEV line-up will also grow, thanks to the further development of the Toyota Hybrid System II (featured in the current-generation Prius and other models); the introduction of a more powerful version in some models; and the development of simpler hybrid systems in select models, as appropriate, to meet various customer needs. Toyota also aims to expand its PHEV line-up in the 2020s. Batteries are a core technology of electrified vehicles and generally present limitations relating to energy density, weight/packaging, and cost. Toyota has been actively developing next-generation solid-state batteries and aims to commercialize the technology by the early 2020s. In addition, Toyota and Panasonic will start a feasibility study on a joint automotive prismatic battery business in order to achieve the best automotive prismatic battery in the industry and to ultimately contribute to the popularization of Toyota's and other automakers' electrified vehicles. Furthermore, Toyota aims to focus on the development of a social infrastructure conducive to the widespread adoption of electrified vehicles. This includes the creation of a system to help streamline battery reuse and recycling, as well as support of the promotion of plug-in vehicle charging stations and hydrogen refueling stations through active cooperation and collaboration with government authorities and partner companies. Toyota has been a leader in making vehicles while keeping the environment in mind. This is evident through the introduction of the iconic Prius 20 years ago, as well as the launch of the world's first PHEV, the Prius PHV, in 2012. The second-generation Prius PHV, introduced in 2017, further increased the vehicle's electric mode cruising range. Additionally, in 2014 Toyota launched the world's first mass-produced fuel cell sedan, the Mirai, which is being well-received by customers in Japan, the U.S., and Europe. Through these activities, Toyota sales of electrified vehicles have reached more than 11 million units worldwide to date.
  4. Toyota is well aware that they are quite behind competitors when it comes to electric vehicles. Facing a “now or never” crisis, the Japanese automaker announced a new plan that will see it sell more than 10 electric vehicles worldwide by 2020. The plan hinges on a significant acceleration in the development and launches of hybrids, plug-in hybrids, electric vehicles, and fuel cells. The new vehicles will be launched in China first, followed by other markets such as Japan and the U.S. Toyota is also planning on having an electrified version of every model in the Toyota and Lexus lineups by 2025. The goals mark a major departure for Toyota as they have tended to focus more on hybrids and fuel cell vehicles, not electric-only models. The company had said for the longest time that electric vehicles would be a niche market due to their limited range, slow recharging times, and high costs. Toyota would instead focus on developing fuel cell vehicles which had its own issues - limited fuel infrastructure and slow refueling times. But with various governments beginning to clamp down on emissions, Toyota knew it had to make a course change. The company is planning on launching a new, solid-state battery in the early 2020s which will improve the performance and weight of their electric vehicles. Source: Automotive News (Subscription Required), Toyota Press Release is on Page 2 Toyota Aims for Sales of More Than 5.5 Million Electrified Vehicles Including 1 Million Zero-Emission Vehicles per Year by 2030 Electrified vehicles to be available across the entire Toyota and Lexus line-up by around 2025 Toyota City, Japan, December 18, 2017―Toyota Motor Corporation (Toyota) announces today its plans toward the popularization of electrified vehicles for the decade 2020-2030. Toyota's electrified vehicle strategy centers on a significant acceleration in the development and launch plans of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs). Toyota has been working toward creating ever-better cars and an ever-better society under the thinking of contributing to a sustainable society and creating mobility that brings smiles to customers. Addressing environmental challenges, such as global warming, air pollution, and limited natural resources and energy supply are of utmost importance to Toyota. "Environment" is one of the anchors of the company's product development, alongside "safety/peace of mind" and "emotion." Electrified vehicles, which are effective for economical consumption of fuel and promoting usage of alternative fuels, are indispensable in helping to solve current environmental issues. In October 2015, Toyota launched the Toyota Environmental Challenge 2050, which aims to reduce the negative impact of manufacturing and driving vehicles as much as possible and contribute to realizing a sustainable society. In the ever-better cars category, Toyota aims to reduce global average new-vehicle CO2 emissions by 90 percent from 2010 levels. Today's announcement is the main pillar of a mid-to-long-term initiative to achieve this challenge. Electrification across the entire Toyota and Lexus line-up By around 2030, Toyota aims to have sales of more than 5.5 million electrified vehicles, including more than 1 million zero-emission vehicles (BEVs, FCEVs). Additionally, by around 2025, every model in the Toyota and Lexus line-up around the world will be available either as a dedicated electrified model or have an electrified option. This will be achieved by increasing the number of dedicated HEV, PHEV, BEV, and FCEV models and by generalizing the availability of HEV, PHEV and/or BEV options to all its models. As a result, the number of models developed without an electrified version will be zero. Zero-emission Vehicles Toyota will accelerate the popularization of BEVs with more than 10 BEV models to be available worldwide by the early 2020s, starting in China, before entering other markets―the gradual introduction to Japan, India, United States and Europe is expected. The FCEV line-up will be expanded for both passenger and commercial vehicles in the 2020s. Hybrid Electric and Plug-in Hybrid Electric Vehicles The HEV line-up will also grow, thanks to the further development of the Toyota Hybrid System II (featured in the current-generation Prius and other models); the introduction of a more powerful version in some models; and the development of simpler hybrid systems in select models, as appropriate, to meet various customer needs. Toyota also aims to expand its PHEV line-up in the 2020s. Batteries are a core technology of electrified vehicles and generally present limitations relating to energy density, weight/packaging, and cost. Toyota has been actively developing next-generation solid-state batteries and aims to commercialize the technology by the early 2020s. In addition, Toyota and Panasonic will start a feasibility study on a joint automotive prismatic battery business in order to achieve the best automotive prismatic battery in the industry and to ultimately contribute to the popularization of Toyota's and other automakers' electrified vehicles. Furthermore, Toyota aims to focus on the development of a social infrastructure conducive to the widespread adoption of electrified vehicles. This includes the creation of a system to help streamline battery reuse and recycling, as well as support of the promotion of plug-in vehicle charging stations and hydrogen refueling stations through active cooperation and collaboration with government authorities and partner companies. Toyota has been a leader in making vehicles while keeping the environment in mind. This is evident through the introduction of the iconic Prius 20 years ago, as well as the launch of the world's first PHEV, the Prius PHV, in 2012. The second-generation Prius PHV, introduced in 2017, further increased the vehicle's electric mode cruising range. Additionally, in 2014 Toyota launched the world's first mass-produced fuel cell sedan, the Mirai, which is being well-received by customers in Japan, the U.S., and Europe. Through these activities, Toyota sales of electrified vehicles have reached more than 11 million units worldwide to date. View full article
  5. As lawmakers continue to work on comprehensive tax reform, one item related to the automotive industry on the table was the tax credit for electric vehicles. The credit, which can be up to $7,500, was dropped in the House version of the bill but kept in the Senate version. The credit was started in 2009 as part of the economic stimulus package as a way to encourage investment by auto manufacturers in the development of electric powered or assisted vehicles. The the current version of the bill in reconciliation keeps the credit. Analysts estimate that scrapping the credit would save $200 million over the next 10 years. The credit is capped at 200,000 qualifying vehicle per manufacturer, which no automaker has yet reached. Most manufacturers have announced billions of dollars in investment for sweeping changes to their lineups with many models gaining plug-in hybrid variants over the next 5 to 7 years. Related: GM Launching 20 EVs by 2023
  6. As lawmakers continue to work on comprehensive tax reform, one item related to the automotive industry on the table was the tax credit for electric vehicles. The credit, which can be up to $7,500, was dropped in the House version of the bill but kept in the Senate version. The credit was started in 2009 as part of the economic stimulus package as a way to encourage investment by auto manufacturers in the development of electric powered or assisted vehicles. The the current version of the bill in reconciliation keeps the credit. Analysts estimate that scrapping the credit would save $200 million over the next 10 years. The credit is capped at 200,000 qualifying vehicle per manufacturer, which no automaker has yet reached. Most manufacturers have announced billions of dollars in investment for sweeping changes to their lineups with many models gaining plug-in hybrid variants over the next 5 to 7 years. Related: GM Launching 20 EVs by 2023 View full article
  7. When Subaru launched their new modular global platform in the Impreza, they said the platform was designed to accept different powertrains such as hybrid and electric. According to a report from Autocar, Subaru's first electric model is just around the corner. Subaru's chief designer, Mamoru Ishii told the outlet that the electric vehicle would be a variant of one of their current models and will launch in 2020. “Subaru cars are designed to support people’s lifestyles, so it should not be a case of designing the car for the powertrain. If customers want change we’ll respond - our cars are about customers loving using them how they are designed - but we are not going to change our design focus just to highlight a new way of powering the car,” said Ishii. Ishii declined to say how far Subaru is in development of the EV, but sources tell Autocar that crash tests have started to determine if the battery location is safe. If we were to guess what model Subaru is using for their electric vehicle, the Impreza seems like a safe bet. Source: Autocar View full article
  8. Subaru's First EV To Arrive In 2020

    When Subaru launched their new modular global platform in the Impreza, they said the platform was designed to accept different powertrains such as hybrid and electric. According to a report from Autocar, Subaru's first electric model is just around the corner. Subaru's chief designer, Mamoru Ishii told the outlet that the electric vehicle would be a variant of one of their current models and will launch in 2020. “Subaru cars are designed to support people’s lifestyles, so it should not be a case of designing the car for the powertrain. If customers want change we’ll respond - our cars are about customers loving using them how they are designed - but we are not going to change our design focus just to highlight a new way of powering the car,” said Ishii. Ishii declined to say how far Subaru is in development of the EV, but sources tell Autocar that crash tests have started to determine if the battery location is safe. If we were to guess what model Subaru is using for their electric vehicle, the Impreza seems like a safe bet. Source: Autocar
  9. Ford and General Motors have differing views on autonomous vehicles. GM is planning on launching a number of Chevrolet Bolt EVs in various urban markets in 2019 for a ride-hailing service. Ford, on the other hand, is taking a different approach in terms of powertrain and use. Ford's top sales executive, Jim Farley said their autonomous vehicle - due in 2021 - will be a hybrid vehicle with a focus on commercial applications. Farley explained that going with a hybrid powertrain would allow their vehicles to stay on the road longer thanks to a longer range when compared to EVs. The company expects their autonomous vehicles to be on the road for roughly 20 hours a day. Using an electric vehicle for this type of task doesn't make business sense as they would need to recharge constantly. "Anytime you're not carrying goods and people, you're losing money. The most important thing is uptime and profitability. What we see is the [hybrid] is a much better cost-of-ownership model," said Farley. The constant recharging also brings up another negative for electric vehicles, frequent replacement of the batteries due to increased degradation. Ford has already announced a pilot program with Domino's pizza to do deliveries in a self-driving plan. Next year, Ford will this commercial idea to the test by putting a fleet of vehicles in a "yet-to-be-named test city" with a number of partners. Source: Automotive News (Subscription Required)
  10. Ford and General Motors have differing views on autonomous vehicles. GM is planning on launching a number of Chevrolet Bolt EVs in various urban markets in 2019 for a ride-hailing service. Ford, on the other hand, is taking a different approach in terms of powertrain and use. Ford's top sales executive, Jim Farley said their autonomous vehicle - due in 2021 - will be a hybrid vehicle with a focus on commercial applications. Farley explained that going with a hybrid powertrain would allow their vehicles to stay on the road longer thanks to a longer range when compared to EVs. The company expects their autonomous vehicles to be on the road for roughly 20 hours a day. Using an electric vehicle for this type of task doesn't make business sense as they would need to recharge constantly. "Anytime you're not carrying goods and people, you're losing money. The most important thing is uptime and profitability. What we see is the [hybrid] is a much better cost-of-ownership model," said Farley. The constant recharging also brings up another negative for electric vehicles, frequent replacement of the batteries due to increased degradation. Ford has already announced a pilot program with Domino's pizza to do deliveries in a self-driving plan. Next year, Ford will this commercial idea to the test by putting a fleet of vehicles in a "yet-to-be-named test city" with a number of partners. Source: Automotive News (Subscription Required) View full article
  11. Porsche Plans To Have A Second EV Model By 2025

    With stricter CO2 emission regulations looming over the horizon from the European Union, Porsche is getting ready by launching a second electric vehicle to comply with them. According to Automotive News Europe, the EU is proposing a 30 percent reduction in CO2 emissions for new car fleets by 2030 - less than 67 grams per kilometer under the current NEDC testing cycle. Half of that must be achieved by 2025 as part of a milestone. Porsche's plan at the moment is to have more than half of its sales come from electrified vehicles, That includes the launch of the Mission EV and hybrid/plug-in hybrid vehicles. "Technically we certainly won’t struggle with that [target]," said Porsche development chief Michael Steiner. "The attractiveness [of Porsche's electrified lineup] should lead to a powertrain mix that ensures we are compliant." Steiner also said that Porsche is working on a second EV, but it would not be a sports car. "We're starting with a sporty four-door concept in the Mission E positioned between the 911 and the Panamera, so it's logical that we will look to balance our lineup with a product in a different segment such as an SUV." As we reported back in June, Porsche CEO Oliver Blume said the company is working on two new electric SUVs. One is a coupe-SUV (think BMW X6/Mercedes GLE-Cass) and the other is the next-generation Macan which is expected to go full electric only. Source: Automotive News Europe (Subscription Required)
  12. With stricter CO2 emission regulations looming over the horizon from the European Union, Porsche is getting ready by launching a second electric vehicle to comply with them. According to Automotive News Europe, the EU is proposing a 30 percent reduction in CO2 emissions for new car fleets by 2030 - less than 67 grams per kilometer under the current NEDC testing cycle. Half of that must be achieved by 2025 as part of a milestone. Porsche's plan at the moment is to have more than half of its sales come from electrified vehicles, That includes the launch of the Mission EV and hybrid/plug-in hybrid vehicles. "Technically we certainly won’t struggle with that [target]," said Porsche development chief Michael Steiner. "The attractiveness [of Porsche's electrified lineup] should lead to a powertrain mix that ensures we are compliant." Steiner also said that Porsche is working on a second EV, but it would not be a sports car. "We're starting with a sporty four-door concept in the Mission E positioned between the 911 and the Panamera, so it's logical that we will look to balance our lineup with a product in a different segment such as an SUV." As we reported back in June, Porsche CEO Oliver Blume said the company is working on two new electric SUVs. One is a coupe-SUV (think BMW X6/Mercedes GLE-Cass) and the other is the next-generation Macan which is expected to go full electric only. Source: Automotive News Europe (Subscription Required) View full article
  13. Bentley appears to have electric vehicles on the brain. Back in September, we reported that the luxury automaker decided to go forward on an electric coupe over a small SUV. It seems there are plans for another electric vehicle. According to a report from Automobile Magazine, Bentley will be working on its own version of the Porsche Mission E codenamed J1. The new model will use the Mission E architecture which is said to have three different power outputs - 402, 536, and 670 horsepower. But there is talk of Porsche working on a monster version producing 936 horsepower and coming with larger batteries. Expect a four-door coupe design and possibly wearing the name of Barnato. There is a wrinkle to this as Audi is said to be working on its own take on the J1 possibly named e-tron GT. Source: Automobile Magazine
  14. Bentley appears to have electric vehicles on the brain. Back in September, we reported that the luxury automaker decided to go forward on an electric coupe over a small SUV. It seems there are plans for another electric vehicle. According to a report from Automobile Magazine, Bentley will be working on its own version of the Porsche Mission E codenamed J1. The new model will use the Mission E architecture which is said to have three different power outputs - 402, 536, and 670 horsepower. But there is talk of Porsche working on a monster version producing 936 horsepower and coming with larger batteries. Expect a four-door coupe design and possibly wearing the name of Barnato. There is a wrinkle to this as Audi is said to be working on its own take on the J1 possibly named e-tron GT. Source: Automobile Magazine View full article
  15. Ford has announced a new joint venture with Chinese automaker Zotye on affordable electric vehicles for the Chinese market. Named Zotye Ford Automobile, the venture will see the two automakers develop and manufacture electric vehicles for a new brand. Ford and Zotye will be investing a total of 5 billion RMB (about $756 million) on this venture. Part of that investment will go towards a new manufacturing plant in the Zhejiang Province. The two automakers will also work on mobility solutions. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," said Peter Fleet, Ford group vice president and president of the Asia Pacific region. Zoyte knows a thing or two about selling EVs in China. The company has sold 22,500 small EVs within the first 10 months of the year. Zoyte is also very infamous for building the T700 which is a copy of the Porsche Macan crossover. Source: Ford Press Release is on Page 2 FORD AND ZOTYE SIGN DEFINITIVE JV AGREEMENT IN CHINA TO MEET GROWING DEMAND FOR ALL-ELECTRIC VEHICLES Ford and Zotye signed a definitive joint venture agreement to establish Zotye Ford Automobile Co. Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable electric vehicles for consumers in China Pending regulatory approval, the new JV will develop and manufacture all-electric vehicles under a new Chinese brand Zotye Ford also plans to build a new manufacturing plant in Zhejiang Province. A new dedicated sales and service network also will be established Ford and Zotye also will explore the opportunity to offer new mobility services in China to help provide solutions for emerging transportation challenges Beijing, Nov. 8, 2017 -- Ford Motor Company and Zotye today reached a definitive agreement to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. The establishment of the JV is a key step by Ford towards realizing its vision of a cleaner, more environmentally-sustainable future. The new JV will leverage a combined investment of 5 billion RMB (approximately U.S. $756 million). The new JV builds upon Ford’s ambitious China electrification strategy. Ford announced earlier this year that at least 70 percent of Ford-branded vehicles sold in the country will offer electrified powertrain options by 2025. Zotye Ford plans to build a dedicated product research and development center as well as its own sales and services network. A new manufacturing plant for the JV will be constructed in Zhejiang Province. The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," Fleet said. "We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers." In addition to the new JV, Ford and Zotye will explore offering mobility services to consumers in China as local demand for such solutions continues to grow. Through this new JV, Ford commits to actively support the advancement of a more environmentally sustainable auto industry in China through local research and development as well as domestic production of all-electric vehicles. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. It is the market leader in China’s all-electric small vehicle segment and sold more than 22,500 all-electric vehicles year-to-date through October, representing a growth of over 14 percent year-over-year. The JV will benefit from Zotye’s expertise in designing and commercializing EVs in China, and Ford’s global product development and technology capabilities. “This is an important day for Zotye as we partner with Ford to help advance the growth of the Chinese auto industry,” said Zotye’s Ying. “We will work closely together to help meet Chinese consumers’ growing demand for electric vehicles.” Upon its establishment, the new JV will expand Ford’s footprint in China. Ford already operates successful vehicle joint ventures with Changan Ford Automobile Corporation, Ltd. and Jiangling Motors Corporation. Ford will continue working closely with its JV partners to develop and manufacture New Energy Vehicles to meet rising consumer demand in China during the impending electrification phase of the Chinese auto industry. View full article
  16. Ford has announced a new joint venture with Chinese automaker Zotye on affordable electric vehicles for the Chinese market. Named Zotye Ford Automobile, the venture will see the two automakers develop and manufacture electric vehicles for a new brand. Ford and Zotye will be investing a total of 5 billion RMB (about $756 million) on this venture. Part of that investment will go towards a new manufacturing plant in the Zhejiang Province. The two automakers will also work on mobility solutions. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," said Peter Fleet, Ford group vice president and president of the Asia Pacific region. Zoyte knows a thing or two about selling EVs in China. The company has sold 22,500 small EVs within the first 10 months of the year. Zoyte is also very infamous for building the T700 which is a copy of the Porsche Macan crossover. Source: Ford Press Release is on Page 2 FORD AND ZOTYE SIGN DEFINITIVE JV AGREEMENT IN CHINA TO MEET GROWING DEMAND FOR ALL-ELECTRIC VEHICLES Ford and Zotye signed a definitive joint venture agreement to establish Zotye Ford Automobile Co. Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable electric vehicles for consumers in China Pending regulatory approval, the new JV will develop and manufacture all-electric vehicles under a new Chinese brand Zotye Ford also plans to build a new manufacturing plant in Zhejiang Province. A new dedicated sales and service network also will be established Ford and Zotye also will explore the opportunity to offer new mobility services in China to help provide solutions for emerging transportation challenges Beijing, Nov. 8, 2017 -- Ford Motor Company and Zotye today reached a definitive agreement to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. The establishment of the JV is a key step by Ford towards realizing its vision of a cleaner, more environmentally-sustainable future. The new JV will leverage a combined investment of 5 billion RMB (approximately U.S. $756 million). The new JV builds upon Ford’s ambitious China electrification strategy. Ford announced earlier this year that at least 70 percent of Ford-branded vehicles sold in the country will offer electrified powertrain options by 2025. Zotye Ford plans to build a dedicated product research and development center as well as its own sales and services network. A new manufacturing plant for the JV will be constructed in Zhejiang Province. The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," Fleet said. "We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers." In addition to the new JV, Ford and Zotye will explore offering mobility services to consumers in China as local demand for such solutions continues to grow. Through this new JV, Ford commits to actively support the advancement of a more environmentally sustainable auto industry in China through local research and development as well as domestic production of all-electric vehicles. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. It is the market leader in China’s all-electric small vehicle segment and sold more than 22,500 all-electric vehicles year-to-date through October, representing a growth of over 14 percent year-over-year. The JV will benefit from Zotye’s expertise in designing and commercializing EVs in China, and Ford’s global product development and technology capabilities. “This is an important day for Zotye as we partner with Ford to help advance the growth of the Chinese auto industry,” said Zotye’s Ying. “We will work closely together to help meet Chinese consumers’ growing demand for electric vehicles.” Upon its establishment, the new JV will expand Ford’s footprint in China. Ford already operates successful vehicle joint ventures with Changan Ford Automobile Corporation, Ltd. and Jiangling Motors Corporation. Ford will continue working closely with its JV partners to develop and manufacture New Energy Vehicles to meet rising consumer demand in China during the impending electrification phase of the Chinese auto industry.
  17. Lamborghini has never been one to follow convention and this is very much the case with the Terzo Millennio concept. Working together with MIT, the concept is the Italian sports car builder's idea for a futuristic supercar. It certainly looks like a futuristic Lamborghini with a short front, deep and massive air vents, and a wild rear end look. The body is made out of carbon fiber and could be used to store energy. Lamborghini and MIT are investigating how they can use the carbon fiber shell as a big battery. This technology can also allow the vehicle to heal small cracks by varying the amount of charge throughout the body. The car is said to be able to monitor the structure for cracks or other damage. As you might have guessed from the previous paragraph, the Terzo Millennio concept is an electric vehicle. Each wheel comes with an electric motor. Power is drawn from a supercapacitor that can withstand rapid discharge and charge. Lamborghini doesn't say how much horsepower is being produced from the electric motors. “The new Lamborghini collaboration allows us to be ambitious and think outside the box in designing new materials that answer energy storage challenges for the demands of an electric sport vehicle,” MIT chemistry Professor Mircea Dinca said in a statement. We wouldn't be surprised if some of these ideas appear on a Lamborghini down the road. Source: Lamborghini
  18. Lamborghini has never been one to follow convention and this is very much the case with the Terzo Millennio concept. Working together with MIT, the concept is the Italian sports car builder's idea for a futuristic supercar. It certainly looks like a futuristic Lamborghini with a short front, deep and massive air vents, and a wild rear end look. The body is made out of carbon fiber and could be used to store energy. Lamborghini and MIT are investigating how they can use the carbon fiber shell as a big battery. This technology can also allow the vehicle to heal small cracks by varying the amount of charge throughout the body. The car is said to be able to monitor the structure for cracks or other damage. As you might have guessed from the previous paragraph, the Terzo Millennio concept is an electric vehicle. Each wheel comes with an electric motor. Power is drawn from a supercapacitor that can withstand rapid discharge and charge. Lamborghini doesn't say how much horsepower is being produced from the electric motors. “The new Lamborghini collaboration allows us to be ambitious and think outside the box in designing new materials that answer energy storage challenges for the demands of an electric sport vehicle,” MIT chemistry Professor Mircea Dinca said in a statement. We wouldn't be surprised if some of these ideas appear on a Lamborghini down the road. Source: Lamborghini View full article
  19. Last month, General Motors announced an ambitious plan to launch 20 electric and hydrogen vehicles by 2023 with all of their brands playing a role. But Buick could be playing a prominent role in this plan. Duncan Aldred, vice president of sales and marketing at Buick-GMC tells Wards Auto that Buick will play a "huge part” in the coming years when it comes to EVs. “We will have multiple entries in a fairly short period of time. We’re GM’s biggest brand in the world’s biggest market. You’ll see a number of different technologies to go toward (our) zero-emissions objective,” said Aldred. That biggest market Aldred is referring to is China. In 2019, the country will require 10 percent of an automaker’s sales to be made up of low and zero-emission models. This rises to 12 percent in 2020. “A lot of the electrification adoption will be driven by legislation.” Already, Buick sells a hybrid version of the LaCrosse and rebadged Chevrolet Volt as the Velite5 in China. Rumor has it that Buick is working on an electric crossover using the Chevrolet Bolt as a base. Aldred wouldn't go into what Buick's plan entails, only saying that will not only be electric vehicles. Source: Wards Auto
  20. Last month, General Motors announced an ambitious plan to launch 20 electric and hydrogen vehicles by 2023 with all of their brands playing a role. But Buick could be playing a prominent role in this plan. Duncan Aldred, vice president of sales and marketing at Buick-GMC tells Wards Auto that Buick will play a "huge part” in the coming years when it comes to EVs. “We will have multiple entries in a fairly short period of time. We’re GM’s biggest brand in the world’s biggest market. You’ll see a number of different technologies to go toward (our) zero-emissions objective,” said Aldred. That biggest market Aldred is referring to is China. In 2019, the country will require 10 percent of an automaker’s sales to be made up of low and zero-emission models. This rises to 12 percent in 2020. “A lot of the electrification adoption will be driven by legislation.” Already, Buick sells a hybrid version of the LaCrosse and rebadged Chevrolet Volt as the Velite5 in China. Rumor has it that Buick is working on an electric crossover using the Chevrolet Bolt as a base. Aldred wouldn't go into what Buick's plan entails, only saying that will not only be electric vehicles. Source: Wards Auto View full article
  21. G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com Chevrolet JOLT EV 230 mile range, $30,000 dollars after federal tax credit, emission free auto using the latest in fast charging technology, performance of 0 to 60 MPH in 5 seconds, 140 MPH top speed with 422 lb. / FT of torque, Androidauto and Apple CarPlay with a 10.2 inch diagonal display, intelligent driving system with radar and camera based systems surrounding the auto. Complete smartphone connectivity. Is it Sexy? Would you want to drive it today? Does it fuel the automotive passion that makes you want to buy it now? Check out the website and play with the configurator for your favorite color. Then decide how real you want it to be. Chevrolet Jolt EV web site
  22. Spying: Hyundai Kona EV Charges Up

    Hyundai has announced that the upcoming Kona crossover would be coming with an electric powertrain and we have gotten our first look at it. A spy photographer caught a Kona EV mule charging up. It looks like your standard Kona with the only difference that there is a charging door on the front. We're assuming this means a solid panel takes the place of the standard grille. Current rumors have Hyundai offering two battery options for the Kona EV - 40 and 64 kWh. The larger battery is projected to have a range of around 210 miles. Expect to see the Kona EV debut sometime next year with sales beginning in late 2018 or 2019. It is unclear whether or not the model will be sold here. Source: AutoGuide, Motor1
  23. Hyundai has announced that the upcoming Kona crossover would be coming with an electric powertrain and we have gotten our first look at it. A spy photographer caught a Kona EV mule charging up. It looks like your standard Kona with the only difference that there is a charging door on the front. We're assuming this means a solid panel takes the place of the standard grille. Current rumors have Hyundai offering two battery options for the Kona EV - 40 and 64 kWh. The larger battery is projected to have a range of around 210 miles. Expect to see the Kona EV debut sometime next year with sales beginning in late 2018 or 2019. It is unclear whether or not the model will be sold here. Source: AutoGuide, Motor1 View full article
  24. Rolls-Royce has made it clear that it plans on introducing electric powertrains to their vehicles in the future once the technology has fully developed and customers want one. But new regulations are forcing their hand. Rolls' CEO Torsten Müller-Ötvös told Car and Driver that the Phantom will receive the option of an electric powertrain sometime during its lifecycle. The platform that underpins the Phantom and future models have been built with electrification in mind. “We are more regulator driven than consumer driven. We might well see, in the next decade, some Asian markets closing down city centers to combustion engines completely. And then, of course, [electrification] is a must,” said Müller-Ötvös. Müller-Ötvös admitted that no one is clamoring for an electric Rolls at this time, but expects that situation to change in the next 10 years or so. Source: Car and Driver
  25. Rolls-Royce has made it clear that it plans on introducing electric powertrains to their vehicles in the future once the technology has fully developed and customers want one. But new regulations are forcing their hand. Rolls' CEO Torsten Müller-Ötvös told Car and Driver that the Phantom will receive the option of an electric powertrain sometime during its lifecycle. The platform that underpins the Phantom and future models have been built with electrification in mind. “We are more regulator driven than consumer driven. We might well see, in the next decade, some Asian markets closing down city centers to combustion engines completely. And then, of course, [electrification] is a must,” said Müller-Ötvös. Müller-Ötvös admitted that no one is clamoring for an electric Rolls at this time, but expects that situation to change in the next 10 years or so. Source: Car and Driver View full article

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