EV

    • Nissan plans a gigantic plant in UK

      Nissan plans a gigantic plant in UK

      The Japanese car maker Nissan has unveiled plans to build an enormous factory in UK, specialized in making batteries for electric vehicles, BBC reported. The statement confirms earlier reports for raising a giga factory, based in Sunderland. Nissan also earmarked intentions to make the UK as its main electric hub outside Japan.

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    • Tesla attracts Chinese cheap battery maker

      Tesla attracts Chinese cheap battery maker

      US producer of electric vehicles Tesla is in talks to attract the Chinese producer of cheap batteries EVE Energy to join the Asian part of the conglomerate, controlled by billionaire Elon Musk, Reuters reported. EVE makes lithium iron phosphate (LFP) batteries, which are cheaper to produce because they use iron instead of more expensive nickel and cobalt.But LFP batteries generally offer a shorter range on a single charge than more popular nickel/cobalt alternative.

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    • Hyundai invests $7.4bn in EV production in US by 2025

      Hyundai invests $7.4bn in EV production in US by 2025

      South Korea's leading carmaker Hyundai announced plans for massive investments in US as the company eyes the fast growing market of electric vehicles, Reuters reported. The earmarked investment volumes are expected to top 7.4 billion dollars by 2025. The funds will be focused on expansion of existing facilities upgrade of production lines and further investment in smart mobility solutions.

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    • Tesla misses key technology target

      Tesla misses key technology target

      The producer of electric cars Tesla admitted it would miss a target set by its majority owner Elon Musk - to develop full self-driving vehicles by the end of 2021, Reuters reported. The announcement seriously undermines Tesla ambitions to influence the global EV market. Documents released in media earlier this week showed that the company is falling behind announced deadlines while incidents with EVs continue to rise.

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    • Tesla bets on recycling EV components in Shanghai

      Tesla bets on recycling EV components in Shanghai

      The US producer of electric vehicles Tesla announced it was moving ahead with using components that may be recycled, Reuters reported. Tesla’s majority shareholder Elon Musk is known for his ambitions to use components that later may be recycled, but at this stage the recycling approach was used mainly in relation to the production of space ships. Now Tesla confirmed it planned to add facilities at its Shanghai factory to repair and reproduce key components such as electric motors and battery cells, a document submitted by Tesla to Shanghai authorities showed.

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    • Ferrari launches EV model in 2025

      Ferrari launches EV model in 2025

      Italy’ popular sports carmaker announced plans to join the global low carbon trend by introducing its own all-electric model, ANSA reported. The company’s chairman John Elkann told reporters that the carmaker will have a fully electric car by 2025. “We are continuing to execute our electrification strategy in a highly disciplined way,” Elkann said. “Our interpretation and application of these technologies both in motorsport and in road cars is a huge opportunity to bring the uniqueness and passion of Ferrari to new generations.”

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    • Swedish EV maker raises $550m

      Swedish EV maker raises $550m

      The Swedish maker of electric vehicles Polestar announced it had managed to attract some 550 million dollars in external funding in a bid to support production and output capacity, Reuters reported. The firm has earmarked plans to launch a new model in the near future. Polestar is controlled by Volvo and its parent Chinese firm Geely. The company benefited from the overall positive investor sentiment to producers of electric cars such as Tesla and Nio.

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    • South Korean EV battery makers agree to end a $1.8bn row

      South Korean EV battery makers agree to end a $1.8bn row

      The leading South Korean producers of batteries for electric vehicles SK Innovation and LG Chem announced they had reached an agreement to end a $1.8bn worth painful dispute, Reuters reported. The deal will facilitate the efforts of the two firms t stay on top of battery developments. LG Energy Solution, a wholly owned subsidiary of LG Chem, and SK Innovation also agreed to drop all litigation in the United States and South Korea and not to sue each other for 10 years, after the core dispute had threatened the EV plans of Ford and Volkswagen.

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    • Xiaomi to invest $10bn in new EV unit over 10 years

      Xiaomi to invest $10bn in new EV unit over 10 years

      Chinese smartphone manufacturer Xiaomi has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced today. According to the filing, the firm will initially invest 10bn yuan ($1.52bn) in the wholly-owned subsidiary, with a total investment goal of $10bn over the next ten years.

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