EV

Diesel Cars Became Lost Glory as Major Automotive Manufacturers Accelerate on Electric Vehicle Implementation

published 2021 年 02 月 21 日 18:30
Diesel vehicles were regarded as the greatest treasure by European automotive manufacturers prior to the Volkswagen emissions scandal, which has devastated the reputation of the particular vehicle type, and the increasingly rigorous targets of carbon reduction initiated by various European countries have successively stipulated the termination deadline for ICE vehicles, which forces the exit of diesel vehicles. ...  more

TDK Will Invest US$5 Billion into EV Battery Production and Development of Clean Energy Technologies

published 2021 年 02 月 11 日 9:30
TDK, which is among the major Japanese electronics manufacturers, has just announced that it will be investing US$5 billion (or 520 billion yen) into EV battery production and development of clean energy technologies over the next three years. The main reason behind this move is the rapid growth of the global EV market in terms of scale and profitability. Seeing that the electrification of vehicles is taking off, TDK has decided to raise its production capacity for EV batteries and automotive electronics. The company wants to establish a strong presence in the EV and renewable energy markets. ...  more

Volkswagen’s Total Auto Sales for 2020 Declines by 15%, Save for Its Tripling EV Sales

published 2021 年 01 月 28 日 18:30
Volkswagen on January 14th announced its global sales figures for 2020, which suffered a substantial 15% YoY decline due to the COVID-19 pandemic, although VW BEV and PHEV sales each increased by 300% and 270% YoY during the period against market headwinds. The company previously known for its “das auto” slogan sold a total of 9.305 million cars last year. ...  more

Demand for Raw Materials Used in Battery Production Will Surge as EV Market Expands

published 2021 年 01 月 26 日 18:30
The rapid growth of the global market for EVs in the recent period has also led to a massive increase in the demand for Li-ion powertrain batteries. As a result, battery and car manufacturers are now in a fierce competition for the various raw materials used in battery production. These materials include common metallic and non-metallic elements such as nickel, aluminum, phosphorous, and iron. According to reporting from Bloomberg, demand will grow 14 folds for nickel and aluminum over the next decade, whereas phosphorous and iron will see demand increase by 13 folds during the same period. ...  more

Responding to Tesla’s Promotion in China, NIO Says Competitor’s Low Price Reflects True Value of Its Cars

published 2021 年 01 月 22 日 18:30
Last week, Chinese EV manufacturer NIO debuted its first commercially available model, the ET7. With a price tag of around RMB 448,000, the ET7 is noted by various media outlets as being more expensive than Tesla’s Model Y in the domestic market. In an effort to expand its market share in China, Tesla is offering its electric SUV — the Model Y — at RMB 339,900. However, this low price applies only to the vehicles made at Tesla’s production plant in China. ...  more

Foxconn Signs Agreement with BYTON to Expand Their Presence in EV Market, but US$200 Million Investment May Be Just Speculation

published 2021 年 01 月 15 日 18:30
Foxconn, also known as Hon Hai Precision Industry, announced on January 4 that it has entered into a framework agreement with EV manufacturer BYTON and the governing authority of the Nanjing Economic and Technological Development Zone. In the future, Foxconn and BYTON will work together to ramp up the production of M-Byte, which is the latter’s battery-electric SUV and first offering in the EV market. BYTON currently aims to achieve mass production for M-Byte by the first quarter of 2022. ...  more