Search Results for: united-states-ryder-adding-125-medium-duty-evs

2021-02-23

Hyundai To Custom Design EVs for each Customer

South Korea’s Hyundai Motor Group is launching a new business to produce EVs to order, according to customer preferences. It is designed to be used for corporate purposes such as delivery and car sharing, and the body design and loading capacity can be flexibly changed to suit the intended use.

The company will take advantage of the characteristics of EVs, which have a higher degree of freedom in design than gasoline vehicles. The company will also introduce a business model that does not involve mass production to accelerate the growth of its EV business.

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2021-05-24

Vinfast Begins Taking Orders for EVs

Akihiro Komuro
Akihiro Komuro

Vinfast, an emerging Vietnamese automaker, has started taking orders for its first EV, the VFe34. The VFe34, a C-segment SUV crossover type, uses a 42kWh battery and can travel 300km on a full charge. The domestic sales price is VND 690 million(about 3.31 million yen). The battery will be provided on a subscription basis (fixed fee service). The monthly fee is set at VND 1.45 million, the same level as the cost of running on gasoline. When the battery’s charge performance drops below 70%, it can be replaced with a new one. This is said to reduce the initial cost for customers and at the same time guarantee the quality risk of the battery.

As a promotion until the end of June, the company will offer a discount of VND100 million and a free battery subscription service for one year. In addition, customers who replace their gasoline-powered cars will receive VND30 million per car from the Vin Group’s Green Future Fund. If they cancel the purchase, the deposit of 10 million dong will be fully refunded. According to Vinfast, 3,692 orders were recorded in 12 hours after the start of orders on the 24th.

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2022-05-23

Hyundai Sells More Than 800 EVs at Indonesia Auto Show

FAR EAST: SOUTH KOREA REPORT

Hyundai Motor Indonesia (HMID) said it has signed contracts for more than 800 units of the Ioniq 5 EV announced at the Indonesia International Motor Show (IIMS) Hybrid 2022 in Jakarta.

The company announced that it has started mass production of the Ioniq 5 and that it will begin shipping to dealers in April. The Creta SUV was the second most sold model after the Ioniq 5, with approximately 600 units sold, bringing the total number of vehicles sold to over 1,500, including EVs and gasoline-powered vehicles.

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2022-08-20

BMW Focuses on Hydrogen Fuel-cell EVs


BMW remains primarily focused on electrified combustion engines and battery electric cars, but it is adamant that hydrogen FCEVs (Fuel Cell Electric Vehicles) will play a part of its transportation package. A limited batch of hydrogen-fueled BMW X5s soon will enter production, and the company says it is already planning for the next model with FCEVs making their way into its 2025 next-generation electric vehicle portfolio

Source: H2 Energy News Read The Article

PSR Analysis: This moves BMW into the Toyota/Hyundai camp supporting FCEV, with Tesla and VW being firmly in favor of battery-powered Electric Vehicles only. BMW is developing its position so that it can offer a full range of alternative power vehicles and meet customer demand whichever way it goes.   PSR

Guy Youngs is Forecast & Adoption Lead at Power Systems Research

2022-12-14

Are There Enough Materials To Produce Needed EVs?

The transition from ICE to electric vehicles (EVs) is necessary to decrease climate-changing emissions. As deployment increases, so will the demand for EV battery materials such as lithium, cobalt, and nickel. These materials are primarily supplied through two sources: 1) newly mined or 2) recovered by recycling batteries.

Research shows there are enough explored or prospective reserves to electrify the global transportation sector using current technology if a high amount of battery recycling occurs. In this scenario, global demand for EVs in 2100 will amount to about 55% of cobalt reserves and 50% of lithium reserves. If recycling doesn’t ramp up, a shortage of lithium, nickel, or cobalt is likely, and it is estimated that demand would exceed what is economically accessible to extract.

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2023-09-16

Bus Sector Bounces Back: EVs Fuel Post-Covid Growth

Aditya Kondejkar

OEMs increasing their focus on the Bus sector to drive growth in the post-Covid period.

Ashok Leyland. One of India’s leading commercial vehicle manufacturers, Ashok Leyland has announced plans to invest ₹1,000 crore in setting up an integrated commercial vehicle (CV) and electric bus (e-bus) manufacturing plant in Uttar Pradesh. This plant is expected to have a planned production capacity of 2,500 buses annually, with the potential for expansion to 5,000 buses per year.

This significant investment is a strategic move for the company and carries several implications and opportunities. This critical analysis examines the key aspects of this investment decision.

“Contingent on market adoption and demand of alternative fuel vehicles in the state, Ashok Leyland intends to invest up to ₹1,000 crore in this new facility over the next few years,” says Shenu Agarwal, Ashok Leyland MD & CEO.

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2022-02-20

Union Budget Push To Expand Highways and EVs

INDIA REPORT 
Aditya Kondejkar

The 2022-2023 Budget is focused on building long-term strength using investment as the growth lever while maintaining policy stability and inclusivity. The 35% increased capex outlay, major infrastructure projects like 25,000 km road construction, 100 Cargo terminals, Project GatiShakti, 5G network, optic fiber cable laying and the recent PLI schemes are major positives.

Source: Auto Guide India    Read The Article

 “The blueprint of a digitally enabled, Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace for the next twenty-five years. These are the bedrock of the proposals announced in the Union Budget 2022-23, as we redefine our economy in a post-pandemic world. Setting the direction for creation of urban fossil fuel free zones, policy for battery swapping and energy as service and incentives for creating a vibrant start-up eco system, India could soon emerge as a fore-runner of green mobility solutions for the world” – Sunjay J Kapur, President ACMA (Automobile component manufacturers association of India)

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2022-11-16

Miners Cut CO2 Emissions Using EVs for Extracting Minerals

A new contract to supply battery electric vehicles to the Jansen potash project (potentially the world’s largest potash mine) expects to cut carbon emissions in half compared to its peers. BHP’s Jansen potash project is expected to be the largest of its kind, with initial capacity forecasts of 4.3 to 4.5 Mtpa. Potash is the most commonly used potassium fertilizer, but over 70% is based on conventional underground mining that uses heavy-duty equipment to extract it. Although underground mining releases half the CO2 emissions of open-pit mining, the company is reducing emissions further by introducing several battery electric vehicles.

Source: Electrek: Read The Article

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