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Posts Tagged ‘china electric vehicles’

Fisker Plug-In Makes Formal Return as Karma Revero

Price jumps to $130,000.

by on Sep.09, 2016

The new Karma Revero retains the same, timeless exterior styling of its predecessor with a few welcome tweaks and can be had for $130,000.

There’ve been plenty of brands that have gone out of production in recent years – think Plymouth, Mercury, Pontiac and Saturn. It’s a rare marque that can come back from the dead, but that’s what happening with Fisker Automotive, the California-based maker of the sexy Karma plug-in hybrid.

All right, that’s not entirely accurate. The Fisker name is gone as the result of a messy 2013 bankruptcy. But the Karma lives on under a new Chinese owner. And to confuse matters a bit, that’s now the name of the company, with the car itself rebadged the Karma Revero.

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In its original form, the long-nosed plug-in drew some high-profile, green-minded buyers, including celebrity actor/activist Leonardo DiCaprio. Whether buyers will turn out with cash for the reborn Revero remains to be seen, especially as they’ll be asked to pay $130,000, or 26% more than for the original Karma. (more…)

Karma Automotive Stakes Claim in China with New Plant

Company's first U.S. offering debuts in September.

by on Aug.09, 2016

The original Fisker Karma appears to be the basis for the new Karma Revero, set to debut next month.

The race to take advantage of the Chinese government’s plans to clean up its air by incentivizing automakers to build electric vehicles there just got one more competitor: Karma Automotive.

The company plans to build a $375 million EV plant in Hangzhou, China, according to the company’s application for an environmental impact review posted on its website. The factory will have capacity to manufacture 50,000 cars a year.

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Karma is owned by Wanxiang Group, founded by Chinese billionaire Lu Guanqiu. The company, which also has operations in the U.S. and expected to be unveiled to the media this summer with production to come sooner after. No model has been shown yet. (more…)

Tesla May Build Cars in China

Battery carmaker launches sales, outlines plans for supercharger network.

by on Apr.22, 2014

Tesla delivered its first eight cars in China today. Building the vehicles in China is a possibility in the future, according to CEO Elon Musk.

Tesla Motors has launched what could become its biggest gamble yet, delivering its first cars in China and hinting at plans to produce cars in the booming Asian nation.

The Silicon Valley start-up is already the second best-selling producer of battery-electric vehicles in the U.S. and has already launched sales of its Model S in Europe, but it is betting its timing is right to tap into burgeoning demand in China where the government is desperately pushing for a shift to battery power as a way to reduce the country’s endemic smog problems.

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Tesla today delivered its first eight Model S sedans to Chinese customers, CEO Elon Musk telling reporting he hoped the maker could sell 5,000 of the vehicles in China this year, though he quickly cautioned the number is “just a guess.” (more…)

Daimler, BYD Launching New Battery Car

by on Feb.27, 2014

The new Daimler-BYD joint venture will launch its first battery-car concept, the Denza NEV, in Beijing.

Mercedes’ parent Daimler AG plans to launch an all-new battery-electric vehicle it has developed as part of a joint venture with China’s BYD. To be sold through the new Denza brand, it will make its debut in concept form at the upcoming Beijing Motor Show.

The show car will be called the NEV, short for New Energy Vehicle.  The hatchback will use a pure battery-electric design with its batteries mounted under the floor and its electric motor driving the front wheels.

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The German maker provided the basic vehicle architecture for the Denza NEV concept, along with key componentry, including the safety system.  BYD, already one of the key players in the emerging Chinese battery-car market, supplied the underlying drive system.

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Despite Weakening Economy, Chinese Car Sales Still Solid

Chinese airline to start in-flight car sales.

by on Mar.12, 2013

VW and GM remain locked in a battle for dominance in the booming Chinese market.

Surging global stock markets slipped back this week as China released surprisingly weak economic data – but one sector of the vast Asian nation’s economy remains strong, Chinese car sales surging 40% for the first two months of 2013 after an unexpectedly weak performance last year.

For some carmakers, Chinese demand appears to be surging as they bring on new products, while for others, it is taking new discounts to help bolster sales.

But industry analysts continue to worry about what may happen as government regulators come under increasing pressure from both the public and a new cadre of Communist Party leaders to tighten environmental regulations in the wake of record pollution levels in the capital Beijing and other parts of the country. As TheDetroitBureau.com recently reported, stricter automotive emission rules – possibly including a press for more battery cars – are being actively considered.

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The 40% year-to-date increase in overall Chinese car sales comes despite a drop in February as the Chinese celebrated the Lunar New Year, a week-long holiday during which little or no business is transacted across China.

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GM Opens New Battery Center in China

“Critical” enabler for future electric vehicle programs.

by on Aug.20, 2012

A worker at the GM battery lab in China.

General Motors China has opened an advanced development center in Shanghai where researchers and engineers will work on the development of next-generation vehicle battery systems.

The decision is no coincidence.  With its endemic smog problems, China has set strict new mandates for the use of electric propulsion and could become the leader, many experts believe, in the development of battery technology.

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“Producing the first prototype battery cells is a big step forward for the GM China Advanced Technical Center. It is critical for enabling GM to develop smaller, lighter and lower-cost new-generation batteries,” said John Du, director of GM China’s China Science Lab.

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Chinese Cash Props Up Fledgling U.S. EV Company

Protean offers radically alternative electric drive technology.

by on Jul.13, 2012

Protean wants to revolutionize electric propulsion with its unique hub-mounted, or in-wheel, electric motors.

Investors from China and Silicon Valley combined Wednesday to raise $84-million for a Detroit-based startup, Protean Electric Inc., which has developed technology to propel cars and trucks using motors mounted directly inside a vehicle’s wheels.

Protean, which bills itself as a clean technology firm, is considered a leader in so-called hub motor electric drive systems and the new capital will be used to bring the company’s technology to production by establishing manufacturing facilities in Liyang, China, executive said.

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“With this round of investment in place, Protean Electric is now positioned to move aggressively to production and into the market,” said Bob Purcell, chairman and chief executive officer of Protean Holdings Corp.

The timing could prove particularly significant as the China State Council has just announced plans to promote a rapid expansion in electric and other alternative propulsion systems between now and 2020.  Protean hopes its alternative approach to using battery power will give it a leg up on more traditional electric motor suppliers.

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