October 20, 2020

Arrival’s Electric Vehicle Vision Gets $118 Million Boost From BlackRock

Arrival, an electric vehicle maker backed by Hyundai and Kia that’s preparing to build electric delivery vans for UPS, just raised $118 million from investment giant BlackRock
BLK
to fund small-scale factories that the U.K.-based startup says give its battery-powered models a cost advantage over competitors.

BlackRock’s investment is the biggest infusion of funds Arrival has won to date and comes days after the company said its first U.S. “microfactory” will be built in South Carolina. The $46 million facility will be able to make as many as 1,000 electric buses a year and employ 240 people when it opens late next year. Arrival’s first microfactory, in Bicester, England, also opens in 2021.

“This additional capital will be invested into Arrival’s growth, as we deepen and

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EV Connect Partner Program to Deliver Best-in-Class Electric Vehicle Charging

EL SEGUNDO, Calif., Oct. 14, 2020 /PRNewswire/ — Building on the success of improving charge station reliability through its groundbreaking EV Charge Station (EVCS) Certification Program, EV Connect today announced a new Partner Program to simplify charge station deployment, improve the ownership experience for site owners, and ensure both charge station and charging network interoperability, as well as enhance the EV driver experience. The program is the industry’s first and most comprehensive integrated hardware-software partner program for EV charging and is designed to fortify technical, business, and support relationships with charging station manufacturers. Additionally, the program aims to bundle turnkey EV charging solutions into comprehensive offerings that simplify the selling, buying, and management process of EV charging for drivers and site owners. Industry leaders BTCPower, EVBox, and EVoCharge are premier partners of the program.

By joining the EV Connect Partner Program, BTCPower, EVBox, and EVoCharge gain access to

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Strict CO2 Limits Cause Electric Car Boom In EU, While U.S. Slumps

The share of electric cars on Europe’s roads has tripled since the start of this year, according to new data published today by campaign group Transport & Environment. By the end of the year they will represent 10% of vehicle sales, rising to 15% by in 2021. This is up from just 2% early last year.

There are now 130 electric vehicle models on sale in Europe, up from just a handful two years ago. By next year one in every seven cars in Europe will be a plug-in.

The reason for the sudden increase is clear. New average fleet CO2 limits kicked in at the start of the year in the European Union, limiting emissions from passenger cars to 95 grams of CO2 per kilometre. This is down from the 30g CO2/km limit required

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Unreal Engine Powers ‘Fortnite,’ Could Soon Power Electric Vehicle Interface

Unreal Engine, an architecture that’s used to develop and design video games, is now being used to develop electric vehicles.

What Happened: General Motors Company (NYSE: GM) announced it will use the newly created Human Machine Interface program from Epic Games, a Tencent Holdings (Pink: TCEHY) company.

“We have a dedicated team of artists and engineers who have been working to support new features for HMI. We’re thrilled that the GMC Hummer EV will be the first vehicle to use Unreal Engine in its digital cockpit,” said Epic Games Director of HMI Francois Antoine. 

Related Link: GM Teases Hummer Electric Pickup, Announces Date For Reservations

Why It’s Important: GM is set to unveil the all-electric Hummer EV truck Oct. 20. 

The HMI program enables the creation of infotainment and digital cockpit systems. THE HMI platform supports the Qualcomm (NASDAQ: QCOM) Snapdragon.

Companies can use the HMI program from the prototyping

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Indonesia to create firm to build up electric vehicle battery industry

FILE PHOTO: A worker poses with a handful of nickel ore at the nickel mining factory of PT Vale Tbk, near Sorowako, Indonesia, January 8, 2014. REUTERS/Yusuf Ahmad

JAKARTA (Reuters) – A group of Indonesian state-owned companies will form a venture to make batteries to power electric vehicles, the Mining Industry Indonesia (MIND ID) chief executive said on Tuesday.

Indonesia, the world’s biggest producer of nickel ore, a key component of EV batteries, wants to build an integrated EV industry that will eventually include building the vehicles.

The new venture, called Indonesia Battery Holding, would be formed by state miners MIND ID and Aneka Tambang (ANTAM), state utility Perusahan Listrik Negara (PLN) and state oil company Pertamina, MIND ID Chief Executive Orias Petrus Moedak said.

“We are preparing a concrete cooperation plan, so that the nickel utilisation project can start immediately, to produce batteries,” he told a webinar.

The company

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Indonesia to Create Firm to Build up Electric Vehicle Battery Industry | Technology News

JAKARTA (Reuters) – A group of Indonesian state-owned companies will form a venture to make batteries to power electric vehicles, the Mining Industry Indonesia (MIND ID) chief executive said on Tuesday.

Indonesia, the world’s biggest producer of nickel ore, a key component of EV batteries, wants to build an integrated EV industry that will eventually include building the vehicles.

The new venture, called Indonesia Battery Holding, would be formed by state miners MIND ID and Aneka Tambang (ANTAM), state utility Perusahan Listrik Negara (PLN) and state oil company Pertamina, MIND ID Chief Executive Orias Petrus Moedak said.

“We are preparing a concrete cooperation plan, so that the nickel utilisation project can start immediately, to produce batteries,” he told a webinar.

The company would help build an industry that aimed to cover everything from producing chemicals and minerals for batteries to making the units themselves, as well as recycling old batteries,

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Audi to launch new electric vehicle venture with China’s FAW



FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Germany


© Reuters/Andreas Gebert
FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Germany


BEIJING (Reuters) – German premium automaker Audi AG said on Tuesday it had signed a memorandum of understanding with China’s state-owned FAW Group to launch a venture to make premium electric vehicles (EVs).

Audi has a long partnership with FAW, which is based in the city of Changchun in the northeast of China, the world’s biggest car market. The German firm also plans to make vehicles with Shanghai-based automaker SAIC Motor .

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Audi said it would produce models based on the Premium Platform Electric (PPE), a base developed with Porsche. It said the new venture would start manufacturing several models in China from 2024.

Audi aims to have electrified vehicles make up a third of Chinese sales by 2025. It sold 512,081 vehicles in China in the first nine months of 2020 and about

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Hyundai begins building electric vehicle hub in Singapore

SINGAPORE (Reuters) – South Korea’s Hyundai Motor Co started construction on a research and development centre in Singapore on Tuesday that will house a small-scale electric vehicle production facility.

FILE PHOTO: The logo of Hyundai Motor is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song/File Photo

Speaking at the groundbreaking ceremony, Singapore Prime Minister Lee Hsien Loong said the facility may produce up to 30,000 electric vehicles (EVs) annually by 2025 and represents an investment of S$400 million ($295 million).

Singapore is one of the world’s most expensive places to buy a car and does not currently have any auto manufacturing capacity. But the wealthy city-state has set out ambitious plans to phase out petrol vehicles by 2040.

“Automotive activities are becoming viable in Singapore once again. EVs have a different supply chain, fewer mechanical parts and more electronics,

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Flourishing Electric Vehicle Industry to Boost Demand for Automotive Software in Asia-Pacific (APAC) in Coming Years

The rising urbanization, rapid technological advancements and innovations in the automotive industry, and the increasing consumer preference for vehicles equipped with advanced safety features have caused a sharp rise in the demand for advanced automobiles such as connected cars all over the world. As a result, the sales of connected cars have climbed steeply in several countries around the world. Because of this reason, the global connected car market industry reached a revenue of almost $72.5 billion in 2019. The ballooning sales of these vehicles are fueling the surge in the requirement for automotive software.

This is because of the integration of advanced technologies such as the internet of things (IoT) in the various systems incorporated in the connected cars. The IoT-based technologies and systems are helping the automobile manufacturers achieve pathbreaking results related to in-vehicle connectivity solutions. Furthermore, the integration of these innovative technologies enhances the safety of the

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Electric car sales triple in race to meet Europe CO2 rules

One in 10 new cars sold across Europe this year will be electric or plug-in hybrid, triple last year’s sales levels after carmakers rolled out new models to meet emissions rules, according to projections from green policy group Transport & Environment.

The market share of mostly electric cars will rise to 15 per cent next year, the group forecasts, as carmakers across the continent race to cut their CO2 levels. The projections are based on sales data for the first half of the year, as well as expected increases as manufacturers scramble to comply with tightening restrictions in 2021.

“Electric car sales are booming thanks to EU emissions standards,” said clean vehicle director Julia Poliscanova. “Next year, one in every seven cars sold in Europe will be a plug-in.” 

Under the rules, carmakers must reduce the average emissions from their vehicles to 95g of CO2 per km or face fines

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