September 18, 2021

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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UK drivers ‘unaware’ of government’s electric car grant

Nearly a third of UK drivers are more likely to purchase an electric car once informed of the scheme. Photo: Chuttersnap/Unsplash
Nearly a third of UK drivers are more likely to purchase an electric car once informed of the scheme. Photo: Chuttersnap/Unsplash

Two in five UK drivers do not know there is a government grant available for buying an electric car, research suggests.

The plug-in grant offers savings of up to 35% off the purchase price of qualifying vehicles, up to a maximum of £3,000 ($3,915).

With the average cost of an electric car currently up to double that of a standard vehicle, it’s a purchase beyond the means of many drivers, which is why the government launched the grant in March, to encourage the purchase of low-emissions cars.

However, 41% of drivers are “unaware” of the government’s flagship electric vehicle discount scheme, according to a survey of 4,000 by HonestJohn.co.uk.

There is a growing preference for alternative fuel cars in general, with half the nation (48%) considering buying one next

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Canadian electric vehicle company ElectraMeccanica eyes Nashville area for U.S. assembly plant

Canadian electric vehicle designer and manufacturer ElectraMeccanica named Tennessee as one of two finalists for the location of its SOLO EV United States assembly facility Tuesday.



a close up of a car: Canadian electric vehicle designer and manufacturer ElectraMeccanica is eyeing Nashville as one of two finalists for the proposed future U.S. assembly facility of its flagship product, the SOLO electric vehicle.


© Courtesy of ElectraMeccanica
Canadian electric vehicle designer and manufacturer ElectraMeccanica is eyeing Nashville as one of two finalists for the proposed future U.S. assembly facility of its flagship product, the SOLO electric vehicle.

The proposed plant includes an engineering technical center with facilities for electronic vehicle testing and an assembly facility for the brand’s single-occupant, three-wheeled SOLO electric vehicles, which are under production and have yet to launch commercially.

The Nashville region and the Phoenix metro area are the final contenders for the site. The company is working alongside consulting firm BDO USA to review both sites and proposals. ElectraMeccanica narrowed the search to Nashville and Phoenix from seven initial candidates, and will announce its final decision by the end of November, according

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How VivoPower Is Catching a Ride On The Electric Vehicle Wave

ThinkstockVivoPower International PLC (NASDAQ: VVPR) was one of the biggest winners on Friday after the company announced a definitive agreement for an acquisition. Accordingly, the company will be acquiring a 51% shareholding in Tembo e-LV B.V.

For some quick background, Tembo is a Netherlands-based specialist battery-electric and off-road vehicle company with global sales and distribution channels across four continents.

This move is continuing the trend of Electric Vehicles (EV) which has been overwhelming this year. Considering the rise and fall of Nikola, and the meotoric rise of Tesla, it only makes sense that VivoPower would join the ranks.

The company services a diverse range of sectors – from mining, infrastructure and utilities to government services, game safaris and humanitarian aid – by providing customized light electric vehicles, often for rugged applications.

Under the terms of the deal, the purchase consideration will be roughly $4.7 million, and VivoPower will have

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Global Automotive Smart Display Market (2020 to 2025) – Rising Sales of Electric Vehicles Presents Opportunities

DUBLIN, Oct. 9, 2020 /PRNewswire/ — The “Automotive Smart Display Market by Application, Display Size (&lessThan;5, 5-10, >10), Display Technology (LCD, TFT-LCD, OLED), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Class, Vehicle Type, Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The global automotive smart display market is projected to grow from USD 7.2 billion in 2020 to USD 10.9 billion by 2025, at a CAGR of 8.8% from 2020 to 2025.

The automotive industry is continuously evolving, with an increasing focus on semi-autonomous and autonomous vehicle technologies. Several vehicle manufacturers have showcased their new concept cars with autonomous and connected car technologies. These cars, with their advanced technologies and radical designs, are expected to hit the market soon. The smart displays used in these cars need to provide comfort and convenience as well as access to the latest technology. The increasing demand for

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Loveland-based electric vehicle manufacturer teams up with Fluid Truck to boost more zero-emission fleet

A Loveland-based company that designs and manufactures electric vehicles for commercial and government fleets has landed an order for 600 vans and trucks from Fluid Truck, which rents commercial vehicles.

The order calls for Lightning Systems to produce an assortment of all-electric Lightning Electric Ford Transit delivery vans and medium-duty trucks. The two companies said in a statement Thursday that the vehicles will be used in major metropolitan areas across the U.S.

“This is an exciting opportunity for both companies due to the rising demand for electric vehicles from commercial customers who have sustainability requirements for their fleets,” said Tim Reeser, CEO of Lightning Systems.

Reeser expects to see demand for electric commercial vehicles to keep rising as cities look at designating zero-emission zones.

In September, California Gov. Gavin Newsom signed an executive order directing state regulators to develop a plan requiring automakers to sell more zero-emissions passenger vehicles, including

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