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Posts Tagged ‘ev news’

BMW Taps Magna to Produce New 5 Series EV

Canadian supplier now builds EVs for two luxury makers.

by on Jun.20, 2017

BMW announced it has selected Magna to build its new 5 Series EV, the 530e. Magna will produce it at its plant in Graz, Austria.

BMW announced that its new plug-in hybrid, the 530e, will be built at Magna’s contract manufacturing plant in Graz, Austria, starting this summer.

Magna noted the decision by BMW to have the 530e built in Graz means that the Canadian company is now the manufacturing partner for two premium electrified vehicles – the BMW 530e and the Jaguar I-PACE.

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BMW’s decision to build the 530e in Graz isn’t exactly a surprise since Magna already builds the 5-Series for the German luxury carmaker at the manufacturing complex. (more…)

Tesla Looking to Make Move to India

Indian government may be looking to lure EV makers to the country.

by on Jun.15, 2017

Tesla CEO Elon Musk says the EV maker is in talks to sell vehicles and build a new plant in India.

The world seems to be Elon Musk’s oyster and he keeps finding pearls. The latest gem comes as the Tesla founder confirms that the company is in talks with the Indian government to sell and build vehicles in the country.

As is so often the case with Musk, he broke the news on Twitter, following another of dozens of requests from Indian tweeters asking him to bring his ever-expanding line-up of electric vehicles to the sub-continent.

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“In discussions with the government of India requesting temporary relief on import penalties/restrictions until a local factory is built,” he tweeted recently. (more…)

Tesla CEO Musk Says Superchargers Going Solar

Company expects to add 10,000 new stations by end of year.

by on Jun.12, 2017

Tesla is expanding its Supercharger network in the U.S. and, Musk recently tweeted, aims to convert them to using solar power.

As quickly as President Donald Trump ended U.S. involvement in the Paris Climate Treaty, automakers – and more than 100 other companies – with equal speed said they planned to continue meeting the goals of the treaty.

The move so upset Tesla founder and CEO Elon Musk that he resigned from a committee that advises the president on a variety of business matters. However, not long after, a Twitter follower of Musk’s called him out, implying his stance was a bit hypocritical.

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“Unfortunately I can stand at the Tesla superchargers and see the coal power plant. Play the shell game all you want these are coal powered,” wrote David Kennedy. (more…)

Musk Tells Shareholders Tesla Will Need “Possibly 10 or 20” Assembly Plants

To expand product line beyond three cars, company will need more space.

by on Jun.07, 2017

Tesla CEO Elon Musk told shareholders that the company may need 10 or 20 plants in the future.

With strong early demand for the Tesla Model 3 and still more new products in the pipeline, Tesla may need anywhere from three to “possibly as many as 10 or 20” new assembly plants, CEO Elon Musk told shareholders during an annual shareholders meeting that took on the air of a superstar love fest at times.

With shouts and applause for the charismatic company founder and entrepreneur, shareholders largely gave Musk what he wanted, among other things rejecting a pension fund proposal to make Tesla board members have to stand for re-election annually, rather than every three years. The issue of high worker injuries rates also came up, however, though a pending sex discrimination lawsuit was not a topic during the event’s question-and-answer session.

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The 2017 stockholders meeting comes at a critical time for Tesla. Though the company has turned a profit during only two quarters since going public, its share price has been soaring, buoyed by early expectations for the Model 3, its first mainstream model, which appears ready to go into production next month. (more…)

Fisker Reveals First Teaser of New EMotion Battery-Electric Sports Car

Priced at $130,000, EV said to deliver 400 miles range, 161 mph top speed.

by on Jun.07, 2017

Henrik Fisker said last fall he'd be back with a new EV and now the first glimpses at it are available.

There were plenty of skeptics when long-time designer and entrepreneur Henrik Fisker announced late last year that he was getting back into the automotive game with an all-new electric sports car dubbed EMotion.

It didn’t help that his prior project, the eponymous Fisker Automotive, crashed and burned in spectacular fashion. But with a first public unveiling set for August, Fisker is shoring up his promised comeback by offering the first teaser images of the EMotion, while also offering up more information about both the unusual drivetrain and the semi-autonomous technologies it will feature.

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“The new EMotion is a clean sheet design from the inside out, utilizing a carbon fiber and aluminum structure to redefine the proportions of an electric vehicle,” Fisker Inc. said in a statement accompanied  by three teaser shots. (more…)

Tomahawk Charges Up Future of Electric Vehicles

Number of battery-powered offerings continues growing.

by on Jun.02, 2017

The new Tomahawk EV races from 0 to 60 in just two seconds in "Race Mode," the company says.

Much of the attention about electric vehicles these days really centers on two vehicles: Tesla’s Model 3 and Chevy’s Bolt while the Nissan Leaf occasionally makes some noise.

It can be easily argued that it makes sense that these vehicles should enjoy the spotlight since they are the most practical versions of vehicles that we already drive, albeit in gasoline-powered iterations. However, what gets lost in the shuffle are the other players, such as recently introduced Tomahawk, coming to the market.

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Admittedly, not as practical as the other three, and even Tesla’s other two options, the Model S and Model X, the Tomahawk is almost pure adrenaline.


China Approves VW deal with JAC to Build EVs

Volkswagen plans to sell 400,000 EVs in China annually by 2020.

by on May.24, 2017

Going forward, VW plans to shift away from diesels and focus on battery models like this I.D. Crozz concept.

When Volkswagen AG says its future is electric, it apparently really means it. Chinese regulators approved a deal between the German automaker and Chinese automaker JAC to jointly build EVs in what likely will be the world’s biggest EV market.

The new venture has an approval to produce 100,000 electric vehicles annually, according to a report in Reuters. The deal is worth about $740 million, according to a VW stock filing.

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Since VW’s diesel emissions cheating scandal, the automaker has paid out more than $30 billion in fines and fees globally and reset its entire product portfolio to focus on electric vehicles and away from diesel-powered engines. (more…)

Tesla Bull Analyst Flipping to Bear

Concerns over fighting with tech companies causes rating change.

by on May.16, 2017

Morgan Stanley Analyst Adam Jonas switched from bull to bear when it comes to Tesla over concerns about potential battle with tech companies.

One of the Wall Street analysts that has been optimistic about the outlook for Tesla Motors’ stock has reversed course.

Adam Jonas, Morgan Stanley’s lead automotive analyst, has downgraded Tesla from Overweight to Equalweight with a price target of $305, suggesting a 6% downside on the company’s stock price from current levels.

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The downgrade hurts Tesla because the electric-car company depends on the stock’s impressive valuation to help attract new investors. (more…)

Tesla Trying to Tie Up Loose Ends With Old Grohmann Customers

EV maker searching for “individual solutions” for each company.

by on May.05, 2017

Elon Musk's insistence that Tesla Grohmann's resources be focused on the company's Fremont, California plant to ensure delivery of the Model 3 this summer.

Tesla continues to work on the issues cropping up at its Tesla Grohmann subsidiary in Germany, including how best to deal with the engineering unit’s non-Tesla customers, such as BMW, Volkswagen and Daimler.

How best to deal with these legacy customers is the root cause of the departure of the subsidiary’s former owner, Klaus Grohmann. Tesla acquired the former Grohmann Electronics late last year to help improve the California-based EV maker’s manufacturing operations.

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Grohmann specializes in “building the machines that build the machines,” Tesla CEO Elon Musk noted at the time. The intention was to have Klaus Grohmann staying to help oversee the transition and direct the work done for Tesla’s Fremont, California plant. (more…)

GM’s Reuss Predicts Company Will Build First Profitable EV

Owning all facets of the vehicle key to making money.

by on May.02, 2017

GM's Mark Reuss said the company will be the first to build a profitable electric vehicle. He didn't predict when that would happen.

General Motors will be the first auto company to make a profit on selling an all-electric vehicle, a key GM executive predicts.

Mark Reuss, GM executive vice president for product development, echoing remarks by GM CEO Mary Barra, said the General Motors is the industry’s leader in reducing the cost of electric vehicles and ultimately offering an affordable electric vehicle.

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“That’s the mantra inside product development. That’s what all our engineers are all working toward,” Reuss told reporters during a visit to Flint. Michigan. (more…)