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United Bank will kick off its planned offering on the EGX today. The total offering could see the bank raise up to EGP5.1 bn by floating an equivalent to a 30% stake.The number of tourists visiting Egypt increased during Jan - November 2024 by 4% compared to the same period last year.Egypt's imports of fuel shipments increased to more than USD12.5 billion during 10M2025, compared to USD10.5 billion in the same period last year.EGAS is negotiating long-term agreements to import LNG, moving away from reliance on global tenders. The move aims to secure gas supplies and protect Egypt from fluctuating spot market prices. Tenders will remain in use, but only for limited imports.IFC wants to collaborate with the government on mining materials it thinks will aid local manufacturing. The government wants to replace 250k gasoline-fired car engines to ones that run on natural gas. The government will soon start converting its own fleet of vehicles to run on natural gas.Al Dahra Egypt, a subsidiary of Emirati agribusiness Al Dahra, is planning on investing some USD 200 mn to add between 80k-90k feddans to its land portfolio over the next five years.Abu Dhabi Tourism Investments Company, owned by the Abu Dhabi Fund for Development, is pumping new investments worth USD100 million to establish the Sofitel Legend Pyramids Hotel.The House also greenlit a EUR 1.8 mn grant agreement to support people with disabilities, with Italy set to provide EUR 1.65 mn and the Social Solidarity Ministry providing EUR 181k.We updated our FV for POUL to EGP21.29/share and maintain Overweight recommendation. The updated FV factors in:1. Adjusting revenues to new market prices.2. Normalized margins to average at 21.3% through the forecast period. 3. Strong cash position.4. New macro assumptions.POUL is currently trading at 2025f P/E of 3.3x.OIH is set to acquire Misr for Entertainment Investments with its non-executive expert directors and independent directors approving the acquisition in principle.Credit rating agency Fitch Ratings has upgraded the credit ratings of four major Egyptian banks. The agency upgraded the ratings of the National Bank of Egypt, Banque Misr, COMI, and Banque du Caire to B from B- with a stable outlook.Al Marakby Steel to invest EGP1.5 billion in the coming five years within the company's expansion plan and establishing a solar power station. Three Chinese companies had injected USD400 million of investments in the sanitary ware sector during the last few months.Kempston, specializing in the production of SPC flooring, to launch the first phase of its new factory in Ain Sokhna in 1Q25 with a capacity of 1 million sqm per year. The second phase is planned to be operational by the end of 2025 doubling the capacity to 2 million sqm a year. Chinese state-owned auto manufacturer FAW Group is re-entering the Egyptian market in 1Q25 under a partnership with an unnamed new agent.Chery International subsidiaries Omoda and Jaecoo are in talks to enter the Egyptian market through a partnership with an unnamed local agent.
Welcome back to Courtside Financial! In today's episode, we're diving deep into NIO's groundbreaking ventures into the mass market with their new brands, ONVO and Firefly. Join me as I discuss how these affordable EV options, coupled with NIO's innovative battery swapping technology, are set to transform the electric vehicle landscape in China. NIO is not just stopping at high-end electric vehicles; they're making significant strides to bring battery swapping into the mass market through strategic partnerships. With alliances including major car manufacturers like FAW Group, Dongfeng Motor Corporation, GAC Group, Changan Automobile, and more, NIO is poised to lead the EV revolution. Tune in to learn about the latest developments and what the future holds for NIO's battery swap technology and their new brands. Don't forget to join our Discord community for more discussions and updates: https://discord.gg/GSbp4wR Copyright Disclaimer: Copyright Disclaimer under section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Subscribe for more updates on the EV market and investment insights!
Foreign investments in the secondary market for treasuries recorded a net sale on Monday of EGP1.7 billion, the first after the EGP flotation early March. Foreigners bought EGP326 million worth of treasuries and sold about EGP2.04 billion. American energy company Apache invested USD137 million in exploration activity in Egypt during the 1Q24. The government is looking to cut down on its spending on bread subsidies to bring the selling price closer to the “massive” cost of production, Prime Minister said. He explained that the government will continue to subsidize bread. Prime Minister also signaled that we could see more fuel price hikes as the state looks to “restore balance” between cost of production and end price by the end of 2025. This will happen “gradually” and will not include diesel. Prime Minister said that the Electricity Minister will prepare a plan as to how the government can completely cut its spending on electricity subsidies over the coming four years. Households with light consumption will continue to see their electricity bill heavily subsidized but the government will be able to cover the cost through other outlets. The government is looking into importing wheat from Mexico, Zimbabwe, and Sweden in a bid to diversify its wheat across different continents, a government official said. Prime Minister said that he assigned the Ministers of Electricity and Petroleum to develop a clear plan to bring load-shedding to an end, with the end of daylight saving time, no later than next November or December. The USD concessions by individuals and companies to banks and exchange offices since 6 March 2024 has reached about USD3 billion, sources said. Saudi Arabia's Public Investment Fund (PIF) is in talks to acquire an unspecified minority stake in local agriculture firm Daltex Corporation through a capital increase. GV Investments' automotive arm GV auto will start locally manufacturing Chinese state-owned auto manufacturer FAW Group's cheapest EV model in 1Q25. The production will mainly target ride-hailing services.. The companies will spend up to USD20 million on industrial facilities.We issued a valuation update for BINV where we maintain our Overweight recommendation on an updated FV of EGP34.17/share given the company's recent round of new investments. CNFN subsidiary, Sarwa Insurance, targets EGP80 million in profits by the end of this year and plans to increase its paid-in capital from EGP138 million to EGP250 million during the first half of the fiscal year 2024-2025.
Straight from Benzinga newsdesk, hosts Brent Slava and Steve Krause bring you the market news and stocks to watch.On Fridays Benzinga's resident Options Expert Ryan Faloona joins us to spice things up.Today Steve and Brent focus on:Benzinga Pro's Top 5 Stocks To Watch For Friday, May 27, 2022:HPQ, DIDI, ULTA, MCFT, SPWHHP (HPQ) - Will report quarterly results on Tuesday after market close. Warren Buffett recently disclosed an 11% stake in the company.DiDi Global (DIDI) - Shares traded about 10% higher Friday morning following a Bloomberg report Chinese automaker FAW Group has considered buying a stake in the company.Ulta Beauty (ULTA) - An analyst at Jefferies upgraded Ulta shares to Buy following the company's strong quarterly results and raised guidance Thursday.MasterCraft Boats (MCFT) - A play on summer and the boating season! The company designs, manufactures and markets performance sport boats and outboard boats.Sportsman's Warehouse (SPWH) - A play on summer! The company is an outdoor sporting goods retailer, offering goods for fishing, camping and many more summer activities.Hosts:Steve Krause Reach out to Steve at stevekrause@benzinga.comSr. Reporter Benzinga NewsdeskBrent Slava Reach out to Brent at brent@benzinga.comSr. Reporter, Head of Benzinga NewsdeskRyan Faloona Reach out to Ryan at ryanfaloona@benzinga.comDirector of Customer Success pro.benzinga.comFree 2-week trial, no credit card requiredUse coupon code YOUTUBE20 to get 20% offDisclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Die chinesischen Unternehmen BYD und FAW Group haben ein Joint Venture für Batterien gegründet. Das Gemeinschaftsunternehmen will alles von der Entwicklung und Herstellung bis zum Recycling von BYD Blade Batterien abdecken. Mehr auf energyload.eu >>> https://energyload.eu/stromspeicher/byd-faw/
Il Dragone ha messo gli occhi sul mercato del Vecchio continente per esportare le sue vetture alla spina: in particolare Norvegia e Germania, ma anche l'Italia in cui FAW Group ha creato una joint venture (a Reggio Emilia) per produrre una sportiva di lusso. Ecco cosa potrebbe accadere nei prossimi anni.
Show #1150. If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed. Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 21st July. It's Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they've built the first marketplace specifically for Electric Vehicles. It's a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too. RIVIAN EV: BEZOS, BLUE ORIGIN SPACE CREW RIDE TO LAUNCH SITE IN STYLE - Whenever you're about to rocket into space, you have to ride to the launch site in style. It's just how these things work. And that's what Jeff Bezos and crew did Tuesday as they headed to the Blue Origin rocket that took them into space for a few minutes. - the soon-to-be space travelers first boarded a beholden-to-gravity electric vehicle made by start-up Rivian. Amazon, which Bezos founded and chairs after recently stepping do wn as CEO, invested in Rivian and ordered 100,000 electric vehicles from the company for shipping purposes. Original Source : https://www.usatoday.com/story/money/cars/2021/07/20/rivian-ev-jeff-bezos-blue-origin-space/8024249002 VW GROUP'S EV SALES JUMP 165% IN FIRST HALF OF YEAR - Europe was the automaker's top EV market, with sales of 128,078, up 156 percent. The U.S. and China were a distant second and third, with U.S. sales up 321 percent to 18,514 and China up 110 percent to 18,285. - VW Group's sales chief, Christian Dahlheim, said the automaker expects sales in China to get a significant boost in the third quarter from the June market launch of the ID6 seven-seat electric crossover. - Audi, which sells the Q4 e-tron and e-tron GT, saw its full-electric sales grow 69 percent to 32,775. Porsche, whose only full-electric car is the Taycan, sold 19,822 EVs, up 342 percent. Skoda's full-electric car sales were 17,697, up 257 percent, while Seat sold 6,172 full-electric cars, up 186 percent. Original Source : https://europe.autonews.com/sales-segment/vw-groups-ev-sales-jump-165-first-half-boosted-europe-demand FAW-VOLKSWAGEN BEGINS DELIVERIES OF THE ELECTRIC ID.6 CROZZ SUV IN CHINA - FAW-Volkswagen, the joint venture of Chinese automaker FAW Group and Volkswagen, has started deliveries of the ID CROZZ SUV, newest member of the ID family of electric vehicles for the China market, local news outlet Gasgoo reports. - Deliveries of the ID.6 CROZZ to customers in China began on July 18. - The ID.6 CROZZ is the sister model of the ID.6 X SUV, which is built by VW's other joint venture SAIC Volkswagen in Shanghai. - The ID CROZZ is available in two battery options, 62.6 kWh or 84.8 kWh. Original Source : https://www.futurecar.com/4751/FAW-Volkswagen-Begins-Deliveries-of-the-Electric-ID-6-CROZZ-SUV-in-China TESLA SEMI ELECTRIC TRUCK IS FINALLY ABOUT TO GO INTO PRODUCTION - After years of delays, Tesla is finally about to start production of Tesla Semi, its all-electric semi-truck. - sources familiar with the matter told Electrek that the drive axle production line is ready and the general assembly line is going through its final debugging before starting production. - Tesla has indicated that the electric truck would enter production this year with some deliveries to customers, but the company didn't release any details about the planned production. Tesla has revealed that it plans to use the first few Tesla Semi trucks for its own operations, but some long-time reservation holders are also expected to take delivery this year. Original Source : https://electrek.co/2021/07/20/tesla-semi-electric-truck-finally-go-into-production Acceleration 0-60 mph with 80k lb - 20 sec Speed up a 5% Grade - 60 mph Mile Range - 300 or 500 miles Powertrain - 4 Independent Motors on Rear Axles Base Price (300 mile range - $150,000) Base Price (500 mile range) - $180,000 Original Source : https://www.tesla.com/semi Elon Musk on Twitter: "@WholeMarsBlog You don't even need to touch the shifter in new S. Auto detect direction will come as an optional setting to all cars with FSD." / Twitter - Auto detect direction will come as an optional setting to all cars with FSD. PLUGSURFING RENEWS EROAMING PARTNERSHIP WITH HUBJECT - Hubject and Plugsurfing announce the renewal of their long-lasting international roaming partnership. Hubject will continue to give Plugsurfing access to their eRoaming platform intercharge, effectively giving Plugsurfing customers access to 150,000 charging stations across Europe. - Hubject and Plugsurfing rely on Hubject's intercharge platform, which promotes interoperability. The partners name values like accessibility, variety of choice, seamless connection and transparency. In practice, Plugsurfing customers can find, access and pay for charging at the participating charge point operators via the company's RFID charging key and mobile app. Original Source : https://www.electrive.com/2021/07/20/plugsurfing-renews-eroaming-partnership-with-hubject 2023 ROLLS-ROYCE SILENT SHADOW IS THE UPPER-CRUST EV - Rolls-Royce is BMW's ultra-luxury brand, and its first production electric vehicle—and likely the first from any of the few brands in such rarified air—is believed to be called Silent Shadow. An entirely new entry in the brand's portfolio (meaning it won't replace any model, as has been rumored), it's likely a sedan rather than an SUV. - Rolls-Royce floated the idea of an EV a decade ago with the 102EX concept, a fully electric seventh-generation Phantom, but found little appetite among its wealthy customers. Rolls people were also quoted as early as last year saying there still isn't customer demand for electric ultra-luxury cars Original Source : https://www.motortrend.com/news/2023-rolls-royce-silent-shadow-electric-luxury-sedan-future-cars FOSSIL FUEL CONSUMPTION IN THE UNITED STATES HITS A 3-DECADE LOW - US fossil fuel consumption fell by 9% in 2020, says the Energy Information Administration. Coal accounted for 13% of US fossil fuel consumption in 2020, its lowest annual share since 1949. Petroleum products were the most-used fossil fuels in the US in 2020. Natural gas, used mostly to generate electricity and heat, took its largest annual share on record. While fossil fuel use falls, renewables are continuing to rise to new records. - You have to go as far back as 1991 to find a similar level of fossil fuel consumption. The COVID-19 pandemic and warmer weather have driven the decline, according to the United States Energy Information Administration's Monthly Energy Review. Original Source : https://www.weforum.org/agenda/2021/07/us-fossil-fuel-consumption-eia CAR SUBSCRIPTION SERVICE IMOVE CLOSES $22.3M SERIES A - Into this space has appeared imove out of Norway, with what appears, at least, to be a new twist on the whole thing: a white-label platform offered to industry to enable it to offer these car subscription services under their own brands. Imove's platform allows users to subscribe to electric vehicles from 18 different manufacturers and more than 50 different models. - The startup has now closed a €19 million / $22.3 million Series A round - imove allows a company in automotive, finance, insurance or even electricity and telecoms to offer car subscriptions as an alternative to car ownership or leasing. Original Source : https://techcrunch.com/2021/07/20/norways-electric-car-subscription-service-imove-closes-22-3m-series-a-led-by-autoscout24 ROYAL MAIL SWITCHES ON ALL-ELECTRIC COMPANY CAR SCHEMES - Royal Mail announces a new initiative to ensure that all its company cars will be electric by 2030. By 2025, only electric company cars will be available to order. By April 2022, colleagues who need a car to do their job will be eligible for a new zero tailpipe emissions company car scheme. Original Source : https://www.royalmailgroup.com/en/press-centre/press-releases/royal-mail-group/royal-mail-switches-on-all-electric-company-car-schemes/ EV CHARGING SUPERHUBS PLANNED FOR WEST MIDLANDS - Two grid-scale battery storage facilities are to be built in the West Midland, creating the power infrastructure for mass-scale, rapid electric vehicle charging. - The new sites, located in Coventry and Sandwell, are being developed by battery storage and EV charging specialist Pivot Power - The new sites are part of Pivot Power's programme to build a national network of Energy Superhubs. The company, part of EDF Renewables since 2019, is looking to deliver to 2GW of battery storage - The new sites will replicate Pivot Power's Energy Superhub Oxford model, which is nearing completion and will provide a blueprint for towns and cities across the UK to cut carbon and improve air quality. The hub, first announced two years ago, will have up to 10MW of power on site, initially powering 38 fast and ultra-rapid chargers. Original Source : https://fleetworld.co.uk/ev-charging-superhubs-planned-for-west-midlands NEW LONG-RANGE MG 5 EV ON SALE NOW FROM £26,495 - MG has launched a new, long-range version of the MG 5 EV. It's available to order now, with prices starting from £26,495 including the government's £2,500 plug-in car grant. - It's powered by a 61.1kWh battery pack (up from the 52.5kWh cell in the standard car), which increases the estate's range from 214 to 250 miles. - The new battery pack also offers support for 100kW DC rapid charging - The MG 5 EV's safety equipment is bundled into the standard-fit MG Pilot package, which also includes items like adaptive cruise control and traffic jam assist, meaning the electric estate can automatically keep pace with stop-start traffic. Original Source : https://www.autoexpress.co.uk/electric-cars/352856/new-long-range-mg-5-ev-sale-now-ps26495 QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM With chargers still being rolled out, should they automatically stop charging (and should the car release the cable) at 80%? Email me your thoughts and I'll read them out on Sunday – hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONALCARCHARGING.COM and ALOHACHARGE.COM DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/
You get £100 free AND save money on 100% green electricity by moving to Octopus Energy. Until October 15th you get double bonus and I get £50 to support this podcast but ONLY if you do it by using my unique referral code. I moved to Octopus recently and had been putting it off for ages, but I kicked myself for not doing it sooner, as it’s literally a 5 minute job to give them your details. Click here: https://share.octopus.energy/free-puma-452 On today’s podcast: Tesla Slashes Price of Model S to $71,990 New Lucid Air Model Joins the Lineup at $69,900 Model S price changes to $69,420 tonight!" Tesla gives Model X range increase with 2021 version Volkswagen ID.3: seven new trim levels and pricing announced VW ID.5 Spied For The First Time Zero presents 2021 electric motorcycle lineup Audi and FAW establish new company to produce electric vehicles in China Show #907 Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 14th October. It’s Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too. PORSCHE SIDESTEP PHEVS TO GO ALL ELECTRIC At a conference in Germany today, Porsche talked about their 10 year plan for transitioning from combustion to electric, and there was barely any mention of hybrid. PHEV were sidelined from their plans. TESLA SLASHES PRICE OF MODEL S TO $71,990 Tesla surprised everyone with a spontaneous reduction in Model S price today. Starting at $71,990 in the US. (£74,980 in the UK). That follows a $5,000 price drop earlier this year in May. Q2 2020 deliveries of S&X were 15,200. Same time in 2019 was 17,400. And back in 2018 it was 27,660 in Q3. But they are keeping the Model S relevant with range bumps and the Plaid model on sale now, available end of 2021. Both versions got a price drop of 3k so MSP is $91,990. NEW LUCID AIR MODEL JOINS THE LINEUP AT $69,900 "At Lucid, our vision has always been to create the world’s best EV technology and make it progressively more attainable over time. Today, we move closer to this goal and present details of the elemental model of the Lucid Air lineup, called simply Lucid Air." The Lucid Air is available to reserve now with a starting price of $77,400 – or $69,900 after the US Federal Tax Credit of $7,500 – with a reservation payment of just $300. 480 horsepower A projected EPA estimated range of 406 miles A single-motor powertrain with optional dual-motor, all-wheel drive configuration A 900+ ultra-high voltage electrical architecture with DC fast charging capability Customers who reserve now will receive three years of complimentary charging at Electrify America Appointments for the Lucid Air model include PurLuxe animal-free interior trim in the Mojave theme, the 34" Lucid Glass Cockpit curved, floating display, and the largest frunk ever fitted to an electric sedan. The Lucid Air model is also available with DreamDrive, a new benchmark in advanced driver-assistance systems (ADAS). AND THEN...ELON ON TWITTER "The gauntlet has been thrown down! The prophecy will be fulfilled. Model s price changes to $69,420 tonight!" Tesla Owners Silicon Valley Any updates on the model Y seven seater Elon Musk Starting production on 7 seater next month, initial deliveries early December TESLA GIVES MODEL X RANGE INCREASE WITH 2021 VERSION "Tesla is increasing the range of the Model X with the new 2021 version, according to a new Monroney sticker." writes Electrek: "Some new Model X buyers are taking deliveries, and the vehicles are listed with 2021 VIN numbers. Those new vehicles come with a new Monroney sticker that is showing a significant range increase. The new range is showing 371 miles on a single charge, which is a significant increase over Tesla’s currently advertised range of 351 miles. The new range is still not displayed on the EPA’s website. On Tesla’s website, the Model X is also still listed at 351 miles on a single charge, and it is still listed at $79,990. Panasonic has recently been talking about improving the energy density of its cells, and Model X might be the first vehicle to get these cells." https://electrek.co/2020/10/13/tesla-model-x-range-increase-2021/ VOLKSWAGEN ID.3: SEVEN NEW TRIM LEVELS AND PRICING ANNOUNCED Just four weeks after the first British customers collected their ID.3 1ST Editions, Volkswagen has announced pricing for the seven pre-configured series ID.3 models. The lowest-priced of these net carbon-neutral models, the ID.3 Life, will cost £29,990 RRP OTR including the £3,000 plug-in car grant. Orders for the new models will open next week with first deliveries expected before the end of the month. Six of these models use the familiar 58 kWh battery (net capacity) and 204 PS motor seen on the 1ST Edition, while the ID.3 Tour also has a 204 PS motor but introduces the largest 77 kWh battery (net capacity) with an increased range of 336 miles. At the top of the range, meanwhile, the four-seater ID.3 Pro S will have the largest battery fitted. Those specs are: Life, Style, Business, Family, Tech and Max VW ID.5 SPIED FOR THE FIRST TIME "Volkswagen has big plans for the recently released ID.4. The German company sees its all-electric crossover as a direct rival for mainstream models like the Toyota RAV4, Honda CR-V, and the likes, and believes it has the qualities to become a strong seller. In order to meet the demands of a wider group of customers, the Wolfsburg-based automaker is already working on an alternative body style." says Motor1: "What you see in the gallery below are the first spy photos of a coupe-fied crossover based on the ID.4. Its name is unknown at the moment with names like ID.5, ID.4 Coupe, and ID.4 GTX believed to be under consideration. Whatever the name. the ID.5 (name obviously not confirmed) will get a sloped roofline and a more rakish rear window. The rear fascia seems to have a slightly modified design with the most notable feature being the new fixed spoiler with integrated third brake light. " https://www.motor1.com/news/448887/vw-id-5-spied-nurburgring/ ZERO PRESENTS 2021 ELECTRIC MOTORCYCLE LINEUP "The electric motorcycle manufacturer Zero Motorcycles has introduced its 2021 model year, which this time includes almost only optical updates. The 2021 Zero models will be shipped immediately from the company’s headquarters in California to dealers in North America and Europe" says electrive: "The Californians’ 2021 lineup is led by the manufacturer’s two newest electric motorcycles, the Zero SR/S and Zero SR/F. Both motorcycles are based on a new platform and offer the highest performance figures in the range to date. They both have 14.4 kWh batteries and 82 kW motors." https://www.electrive.com/2020/10/14/zero-motorcycles-introduces-their-2021-electric-motorcycle-lineup/ AUDI AND FAW ESTABLISH NEW COMPANY TO PRODUCE ELECTRIC VEHICLES IN CHINA "Audi AG NSUG.DE 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)." reports Reuters: "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. 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." https://uk.reuters.com/article/uk-audi-electric-faw-group/audi-to-launch-new-electric-vehicle-venture-with-chinas-faw-idUKKBN26Y12B You can listen to all 906 previous episodes of this this for free, where you get your podcasts from, plus the blog https://www.evnewsdaily.com/ – remember to subscribe, which means you don’t have to think about downloading the show each day, plus you get it first and free and automatically. It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I’ll catch you tomorrow and remember…there’s no such thing as a self-charging hybrid. PHIL ROBERTS / ELECTRIC FUTURE (PREMIUM PARTNER) BRAD CROSBY (PREMIUM PARTNER) AVID TECHNOLOGY (PREMIUM PARTNER) PORSCHE OF THE VILLAGE CINCINNATI (PREMIUM PARTNER) AUDI CINCINNATI EAST (PREMIUM PARTNER) VOLVO CARS CINCINNATI EAST (PREMIUM PARTNER) NATIONALCARCHARGING.COM and ALOHACHARGE.COM (PREMIUM PARTNER) DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL (PREMIUM PARTNER) RICHARD AT RSYMONS.CO.UK – THE ELECTRIC VEHICLE SPECIALIST (PREMIUM PARTNER) DAVID AND LISA ALLEN (PARTNER) OEM AUDIO OF NEW ZEALAND AND EVPOWER.CO.NZ (PARTNER) GARETH HAMER eMOBILITY NORWAY HTTPS://WWW.EMOBILITYNORWAY.COM/ (PARTNER) BOB BOOTHBY – MILLBROOK COTTAGES AND ELOPEMENT WEDDING VENUE (PARTNER) DARIN MCLESKEY FROM DENOVO REAL ESTATE (PARTNER) JUKKA KUKONEN FROM WWW.SHIFT2ELECTRIC.COM RAJEEV NARAYAN (PARTNER) ALAN ROBSON (EXECUTIVE PRODUCER) ALAN SHEDD (EXECUTIVE PRODUCER) ALEX BANAHENE (EXECUTIVE PRODUCER) ALEXANDER FRANK @ https://www.youtube.com/c/alexsuniverse42 ANDERS HOVE (EXECUTIVE PRODUCER) ANDREA JEFFERSON (EXECUTIVE PRODUCER) ASEER KHALID (EXECUTIVE PRODUCER) ASHLEY HILL (EXECUTIVE PRODUCER) BÅRD FJUKSTAD (EXECUTIVE PRODUCER) BRIAN THOMPSON (EXECUTIVE PRODUCER) BRUCE BOHANNAN (EXECUTIVE PRODUCER) CHARLES HALL (EXECUTIVE PRODUCER) CHRIS HOPKINS (EXECUTIVE PRODUCER) COLIN HENNESSY AND CAMBSEV (EXECUTIVE PRODUCER) CRAIG COLES (EXECUTIVE PRODUCER) CRAIG ROGERS (EXECUTIVE PRODUCER) DAMIEN DAVIS (EXECUTIVE PRODUCER) DARREN FEATCH (EXECUTIVE PRODUCER) DAVE DEWSON (EXECUTIVE PRODUCER) DAVID FINCH (EXECUTIVE PRODUCER) DAVID MOORE (EXECUTIVE PRODUCER) DAVID PARTINGTON (EXECUTIVE PRODUCER) DAVID PRESCOTT (EXECUTIVE PRODUCER) DON MCALLISTER / SCREENCASTSONLINE.COM (EXECUTIVE PRODUCER) ERU KYEYUNE-NYOMBI (EXECUTIVE PRODUCER) FREDRIK ROVIK (EXECUTIVE PRODUCER) GENE RUBIN (EXECUTIVE PRODUCER) GILBERTO ROSADO (EXECUTIVE PRODUCER) GEOFF LOWE (EXECUTIVE PRODUCER) HEDLEY WRIGHT (EXECUTIVE PRODUCER) IAN GRIFFITHS (EXECUTIVE PRODUCER) IAN SEAR (EXECUTIVE PRODUCER) IAN (WATTIE) WATKINS (EXECUTIVE PRODUCER) JACK OAKLEY (EXECUTIVE PRODUCER) JAMES STORR (EXECUTIVE PRODUCER) JIM MORRIS (EXECUTIVE PRODICERS) JON AKA BEARDY MCBEARDFACE FROM KENT EVS (EXECUTIVE PRODUCER) JON MANCHAK (EXECUTIVE PRODUCER) JUAN GONZALEZ (EXECUTIVE PRODUCER) KEN MORRIS (EXECUTIVE PRODUCER) KEVIN MEYERSON (EXECUTIVE PRODUCER) KYLE MAHAN (EXECUTIVE PRODUCER) LARS DAHLAGER (EXECUTIVE PRODUCER) LAURENCE D ALLEN (EXECUTIVE PRODUCER) LEE BROWN (EXECUTIVE PRODUCER) LUKE CULLEY (EXECUTIVE PRODUCER) MARCEL WARD (EXECUTIVE PRODUCER) MARK BOSSERT (EXECUTIVE PRODUCER) MARTY YOUNG (EXECUTIVE PRODUCER) MATT PISCIONE (EXECUTIVE PRODUCER) MIA OPPELSTRUP (PARTNER) MICHAEL PASTRONE (EXECUTIVE PRODUCER) MIKE WINTER (EXECUTIVE PRODUCER) NATHAN GORE-BROWN (EXECUTIVE PRODUCER) NEIL E ROBERTS FROM SUSSEX EVS (EXECUTIVE PRODUCER) NICHOLAS MILLER (EXECUTIVE PRODUCER) NIGEL MILES (EXECUTIVE PRODUCER) OHAD ASTON (EXECUTIVE PRODUCER) PAUL RIDINGS (EXECUTIVE PRODUCER) PAUL STEPHENSON (EXECUTIVE PRODUCER) PETE GLASS (EXECUTIVE PRODUCER) PETE GORTON (EXECUTIVE PRODUCER) PETER & DEE ROBERTS FROM OXON EVS (EXECUTIVE PRODUCER) PHIL MOUCHET (EXECUTIVE PRODUCER) PHILIP TRAUTMAN (EXECUTIVE PRODUCER) RAJ BADWAL (EXECUTIVE PRODUCER) RENE KEEMIK (EXECUTIVE PRODUCER) RENÉ SCHNEIDER (EXECUTIVE PRODUCER) RICHARD LUPINSKY (EXECUTIVE PRODUCER) ROB HERMANS (EXECUTIVE PRODUCER) ROB FROM THE RSTHINKS EV CHANNEL ON YOUTUBE (EXECUTIVE PRODUCER) RUPERT MITCHELL (EXECUTIVE PRODUCER) SEIKI PAYNE (EXECUTIVE PRODUCER) STEPHEN PENN (EXECUTIVE PRODUCER) STEVE JOHN (EXECUTIVE PRODUCER) THOMAS J. 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Themen heute: Faurecia entwickelt gemeinsam mit FAW Group innovative Lösungen für das Cockpit der Zukunft und nachhaltige Mobilität /// Intersolar: Zu Hause tanken mit der innogy Ladebox 1.Faurecia, eines der global führenden Technologieunternehmen in der Automobilbranche, hat soeben einen strategischen Partnerschaftsrahmenvertrag mit der FAW Group, einem der führenden chinesischen Automobilhersteller, unterzeichnet. Die FAW Group ist ein weltweit führender Hersteller von hochwertigen Pkw, Lkw und Bussen. Das 1953 gegründete Unternehmen ist mit mehr als drei Millionen verkaufter Einheiten im Jahr 2017 einer der größten Automobilkonzerne Chinas. Ziel der Zusammenarbeit ist die Entwicklung von Technologien für das Cockpit der Zukunft und nachhaltige Mobilität. Im Rahmen der Zusammenarbeit wurden mehrere Bereiche definiert: Die Entwicklung von Lösungen und Diensten für das Cockpit der Zukunft, um – insbesondere für die FAW-Luxusmarke Hongqi (Red Flag) – ein personalisiertes und intelligentes Benutzererlebnis zu verwirklichen. Darüber hinaus arbeiten die beiden Unternehmen auch beim Design und bei der wahrgenommenen Qualität der Marke zusammen. Weiterhin die Entwicklung vernetzter, vielseitiger und vorausschauender Sitzlösungen für verschiedene Anwendungsfälle und Fahrsituationen. Und schließlich die Bereitstellung von Technologien für Emissionsfreiheit und bessere Luftqualität für Nutzfahrzeuge und Pkw in den Bereichen Batteriepack- und Brennstoffzellensysteme sowie leichte Verbundwerkstoffe. Dies wird die die Beziehung und Zusammenarbeit von Faurecia mit chinesischen OEMs weiter stärken. 2. Kompakt, schnell und sicher – das ist die komfortable innogy eBox zum Preis von 599 Euro. Für das Elektroauto ist eine leistungsfähige Ladebox einfach ein Muss. Denn: Mit der eBox mit einer Ladeleistung von 11 kW können Elektroautos fünfmal schneller laden als an einer Haushaltssteckdose. Die Installation ist ganz leicht: Die Ladebox wird an die bestehende Elektroverteilung angeschlossen und am privaten Stellplatz angebracht. So kommt immer dann Strom in den Tank, wenn das Auto parkt. Das Komplettpaket aus Ladebox plus Installationsservice durch qualifizierte Fachbetriebe gibt es ab 1.739,95 Euro. In einem Onlinekonfigurator kann sich jeder bequem einen Überblick verschaffen. Auch für Unternehmen, die ihre Dienstwagenflotte elektromobil machen möchten, hat innogy eine passende Lösung im Portfolio: Die smarte Ladebox inklusive Installationsservice. Flottenbetreiber bieten damit ihren Mitarbeitern eine komfortable Ladelösung für den Firmenwagen am privaten Stellplatz. Diesen Beitrag können Sie nachhören oder downloaden unter:
Tuesday 29th May 2018 and this is your EV News Daily. Good morning, good afternoon and good evening! Wherever you're listening around the world, a very warm welcome from London, UK. Here is today’s news about electric cars and the future of transport. My name is Martyn Lee and I go through every EV article online so you don’t have to. We'll start with a follow up to yesterday's story about the hypermile'd Model 3, the attempt by Sean Mitchell and his hypermiling partner Erik Strait. After covering 606.2miles, using 66kWh at 110Wh/mile they were able to relax and once again dream of driving a car over 30mph. However there's a sting in the tail of this story. After trying to charge the Model 3 overnight at a Supercharger, it was refusing to take any charge. The last I heard it was being towed to a Service Centre where I imagine Model 3 experts will be waiting for it. As much as Tesla love the good publicity they'll be keen to understand what's happened here. It seems like pulling 66kWh hours isn't much from a 74/75 kWh pack. Also, the car was hired from Turo. EVS NOW COMPETITIVE, SAYS LEASEPLAN'S CAR COST INDEX Cost comparison for EVs with ICE cars has been a moving target, some say 2020 and some say 2025. But everyone agrees sales of EVs will take off once they are cost competitive. However maybe that day is...today! "In several European countries, electric vehicles (EVs) are now cost competitive with traditional powertrains. The TCO gap is rapidly narrowing in Belgium and the UK, while EVs are already cheaper in Norway and the Netherlands. That is the conclusion of LeasePlan's most recent Car Cost Index (CCI)." says Frank Jacobs for FleetEurope: "The CCI is a comprehensive, annual analysis of the Total Cost of Ownership for a small to medium-sized car (B & C segment) in 21 countries" which includes taxes, insurance, fuel, maintenance and the all-important depreciation. "TCO of EVs also varies greatly, from a low of €597 in Hungary to a high of €986 in Italy. Norway is the only country where TCO for an EV (€670) is lower than for a petrol (€731) or diesel (€722) car." TESLA SEMI SPIED BETWEEN FREMONT AND PALO ALTO Time for another sighting of the Tesla Semi which is putting in some miles, not only for testing, but also doing some work as well according to the rumours. During a talk in the Netherlands, Tesla VP of Truck programs Jerome Guillen said: "Tesla will be the first customer for its own truck. So we will use our own trucks to carry cargo in the US between our different facilities. We have (an) assembly factory in California, we have a battery factory in Nevada, so we’ll use our truck to carry things in between" Teslarati say "The latest image of the Tesla Semi was shared by Model 3 owner and r/TeslaMotors subreddit member u/AMG76, who stated that the picture was taken just this past weekend." DIESEL IS ‘FINISHED’ IN EUROPE AMID PUSH FOR ELECTRIC CARS EV's could be getting an easier ride in Europe partly because sales of diesels are in freefall and people are looking for alternatives. "European commissioner Elzbieta Bienkowska said the EU has had a “breakthrough moment” since Germany-based Volkswagen AG admitted in 2015 that it fitted diesel engines with software to cheat U.S. checks on smog-causing discharges of nitrogen oxides. This deeply affected “the emotions in society toward emissions and cleaner cars,” she said.“Diesel cars are finished,” Bienkowska said in a May 24 interview in her ninth-floor Brussels office. “I think in several years they will completely disappear. This is the technology of the past.” VOLKSWAGEN OPENING THREE NEW FACTORIES IN CHINA FOR EV BOOM "Volkswagen AG is opening three new factories in China with its local partner FAW Group" according to Bloomberg: "Two of the new facilities will be in Tianjin and Foshan, VW said in an emailed statement, adding it opened one in Qingdao on Monday. The plants will focus on bringing more sport-utility and electric vehicles for local production, the fastest growing segments of China’s auto market." "The Qingdao factory opened with the introduction of the new Bora on the MQB platform and will produce battery systems" BMW WIRELESS CHARGING AVAILABLE STARTING TODAY "Today marks the market launch of BMW’s highly anticipated wireless charging solution for iPerformance cars. BMW has been talking about it for over a year, in anticipation of the launch of their new BMW 530e iPerformance model, the first production car available with wireless charging." says Nico at BMW BLog: "The system is now available for orders and allows customers to recharge their 530e – and future PHEV models – by simply parking the car over a so-called base pad. The BMW Wireless Charging option can be ordered now as a leasing-option for the BMW 530e iPerformance. The product offer starts with Germany, subsequently followed by the UK, the US, Japan and China." ELON MUSK JUST REVEALED NEW TESLA MODEL 3 PERFORMANCE EDITION DETAILS "In response to Tesla aficionado Ryan McCaffrey, Musk confirmed on Twitter that the car will come with sport-level brakes, coupled with red calipers" according to Inverse "New brakes aren’t the only cosmetic changes coming to the car. It will be the first variant to offer a white interior alongside the standard black, as well as a carbon fiber spoiler and 20-inch performance wheels instead of the “Aero” wheels offered on the base models." SK INNOVATION BEGINS CONSTRUCTION OF 7.5 GWH BATTERY PLANT IN HUNGARY And finally, InsideEVs reports: "SK Innovation held a groundbreaking ceremony for its first European lithium-ion battery factory in Hungary." How long does it take to build a battery factory? Well even though the build starts now, it won't produce cells until early in 2020. "The batteries to be produced in SK Battery Hungary will be third-generation EV batteries, which give an EV 500km range with one charge. The company had announced in September, 2017 that it would start mass-producing of the world’s first medium-to-large NCM (nickel:cobalt:manganese) pouches. SK Battery Hungary expects to start mass-producing and supplying the batteries from early 2020. Once all the production lines are installed, the factory’s production capacity will reach 7.5 GWh per year." I’d love to spread the word about electric cars so, if you can, share this somebody who might be interested. You can listen to every previous episode of this podcast on iTunes, Google Play, Spotify, YouTube, TuneIn, Stitcher, and the blog https://www.evnewsdaily.com/ – remember to subscribe, which means you don’t have to think about downloading the show each day, plus you get it first and free and automatically. It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, and I'll catch you tomorrow. CONNECT WITH ME! evne.ws/itunes evne.ws/tunein evne.ws/googleplay evne.ws/stitcher evne.ws/youtube evne.ws/soundcloud evne.ws/blog
Wednesday 16th May 2018. AUDI E-TRON LOOKS ALMOST PRODUCTION-READY IN NEW SPY PHOTOS Motor 1 has got hold of new spy shots of the forthcoming Audi e-tron quattro, and as were about 3 months away from seeing it on 30th August, it's pretty much finished. Motor 1 says: "Our talented spy photographers have sent us this batch of shots with a near production prototype of the EV, undergoing testing in southern Germany. Under the clothes will be an electric propulsion, which will produce somewhere in the region of 435 horsepower (320 kilowatts). What’s more important, the vehicle will be able to travel up to 248.5 miles (400 kilometers) at a single charge." The battery is 95kWh, and my take from the pics, it's very similar to the Mercedes EQC and the Jaguar I-PACE. There will always be comparisons to the Tesla Model X but it looks more compact. BMW GROUP PASSES 250,000 MILESTONE FOR ELECTRIC VEHICLES ON THE ROAD "BMW Group has reached the major milestone of 250,000 of its electric vehicles being on the road around the world. Announcing its sales figures for April following a record-breaking first quarter, the German automotive giant revealed that it had shipped nearly 10,000 EVs in that month alone, pushing it past the quarter of a million mark." according to BusinessChief. "We are delighted to announce that there are now over a quarter of a million electrified BMW Group vehicles on the world’s roads,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. "Combined sales of BMW i, BMW iPerformance and MINI Electric vehicles were up 52% in April (9,831). We are well on track to deliver on our stated target to sell over 140,000 electrified vehicles this year." 'MILD HYBRID' KIA SPORTAGE DUE LATER THIS YEAR 48v mild hybrids are an attractive way for car makers to add some electrification without the expense of a hybrid or plug in hybrid system, whilst doing enough to lower the MPG. Kia look like they'll be doing that to their Sportage in the second half of this year reports Fleetworld: "The technology includes a compact 48-volt battery under the boot floor, charged using energy recuperated through a motor-generator connected to the engine’s crankshaft. It means the engine can switch off earlier and for longer, even while the car is moving, and lean on a 13bhp power boost from the motor while accelerating, both of which reduce fuel consumption." TESLA MODEL 3 TRAVELS 515.7 MILES ON SINGLE CHARGE IN HYPERMILE RU We love a good story of hypermiling. Being very gentle with your right foot and possibly following trucks too closely which we don't recommend. And Teslarati have picked up on this "A Tesla Model 3 driven by Denver Tesla Club president Sean M. Mitchell just set a hypermile record, traveling 515.7 miles (830 km) on a single charge. The trip, which lasted 18 hours, started from Denver, CO and ended in Topeka, KS." He did it at 30mph, Chill mode was on and regen was on low. And of course you wouldn't try this attempt without the Model 3 Aero Wheels. @SeamMMitchell: "515.7 mi (830 km): Though well short of intentions, great to set the benchmark for longest hypermile in a #Tesla #Model3. The last 100 mi really cut into range (poor route planning). Decided to play it safe and stop early." LEAKED EMAIL SAYS TESLA MAY HAVE HUGE BURST OF MODEL 3 PRODUCTION THIS WEEK CNBC reports on another email from Elon Musk. Now we know what he meant by Tesla being a leaky sieve of information. "The email said it is "quite likely" Tesla will make more than 500 Model 3 cars per day this week, which would be a 75 percent increase over last month, Electrek said. Tesla was not immediately available for comment. Musk also asked employees to identify any production bottlenecks." CHINA'S FAW TO INVEST $260M IN BYTON "Chinese state-owned carmaker FAW Group has agreed to invest around $260 million in China-backed electric car start-up Byton as part of an ongoing series-B funding round, two people with knowledge of the matter told Reuters on Tuesday." says Norihiko Shirouzu for Reuters. "The deal was signed over the weekend in Nanjing where Byton is building its headquarters and production facilities as well as a technology centre, they said. Byton is looking to raise a total of about $500 million in the round." I’d love to spread the word about electric cars so, if you can, share this somebody who might be interested. You can listen to every previous episode of this podcast on iTunes, Google Play, Spotify, YouTube, TuneIn, Stitcher, and the blog https://www.evnewsdaily.com/ – remember to subscribe, which means you don’t have to think about downloading the show each day, plus you get it first and free and automatically. It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, and I'll catch you tomorrow. CONNECT WITH ME! evne.ws/itunes evne.ws/tunein evne.ws/googleplay evne.ws/stitcher evne.ws/youtube evne.ws/soundcloud evne.ws/blog