DriveNews.co.uk: Your Ultimate Hub for Comprehensive Automotive News and Insights! We bring you the latest reports, stories, and updates from the world of cars, covering everything from vehicle launches to driving tips. Stay with DriveNews.co.uk to stay revved up about the automotive world 24/7
Tamil Nadu Global Investors Meet 2024 held on January 7 and 8, at Chennai Trade Centre has wooed investors from various segments and from across the globe. It was at this meet that Hyundai Motors, a leading automaker in India, has announced investment to the tune of Rs 6,180 crores in Tamil Nadu and an MoU to this effect was also signed between Hyundai Motor India and Guidance Tamil Nadu.
This latest announcement sees Stellantis – one of the world's largest carmakers with more than a dozen brands in its stable – kick off a partnership to test EV battery swapping in Spain.
China has reportedly decided to place restrictions on exports of graphite, which could spell trouble for American EV manufacturers. Starting this month, the Chinese government requires permits for certain graphite products being exported. This includes synthetic and natural graphite meeting the necessary thresholds to be used on electric vehicle batteries.
Nio's battery swap system, able to automatically replace batteries in EVs in just a couple of minutes, at one point may have seemed like a very elaborate but ultimately dead-end technology, one that required vast investments to work on any significant scale for consumers. The development of ever-faster conventional charging stations seemed far more promising, and far less expensive from the standpoint of the infrastructure required. Nio Is on a Battery Swap Station Building Spree But battery swap stations are now gathering momentum in Europe, and Nio is no longer the only one betting on them. By the end of November of this year Nio has opened 30 such stations, roughly resembling a small car wash, in five countries in Europe as part of its EV wave. Globally, the stations now number 2217—abou
What did Hyundai and Kia present as better than in-wheel motors?
Chinese automaker Geely—parent company of Volvo, Polestar, and Lotus—has signed an agreement with Nio to use the latter's battery-swapping tech in the Chinese market.
Toyota recently announced it had passed the benchmark of having built more than 300 million cars since the company was founded 88 years ago. But despite having pioneered hybrid powertrains, the company's high-level skepticism towards EVs means that very few of those cars have been fully electric; the Toyota bZ4X and Lexus RZ450e have only gone on sale in the last year. It is one of the last major automakers to enter the EV space. But following the arrival of new CEO Koji Sato, Toyota has dramatically increased its commitment to electrics, with the aim being to catch rivals with a wave of new models and innovative battery technology. One of the first new EVs will be a three-row SUV (pictured above) that is set to be produced at Toyota's Georgetown, Kentucky, plant from 2025, and which will be aimed at the same part of the market as the Kia EV9. Toyota says this new model will use batteries produced in its own factory in Liberty, North Carolina, a plant that already employs 20
DETROIT -- Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers union.