Electric

CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. Daimler sold its 4 percent Tesla stake for $780 million....
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CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million....
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Daimler's surprise sale of Tesla stake fuels rivalry speculation

Oct. 22, 2014 12:28 CET
Daimler's decision to sell its 4 percent stake in Tesla Motors surprised investors and fueled speculation of a growing rivalry in the increasingly competitive electric car market....
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Daimler earns $780 million windfall from sale of Tesla stake

Oct. 21, 2014 23:42 CET
Daimler said it would book a $780 million windfall from selling its 4 percent stake in electric car maker Tesla. The company said it will continue sourcing powertrain for the Mercedes B-Class Electric Drive from Tesla...
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Ford cuts Focus Electric price by $6,000

3:23 pm U.S. ET | Oct. 21, 2014
Ford slashed the price of the Focus Electric by $6,000 to $29,995, including shipping. The price reduction will remain in effect for all 2014 models and will continue when 2015 models are introduced....
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'Aggressive' EV ambitions will boost aluminum demand in China

Oct. 21, 2014 12:02 CET
China's drive to build electric cars as a way to combat pollution and reduce energy dependence is likely to set up a greater-than-forecast surge in demand for aluminum, according to Novelis, the world's biggest supplier of the material to automakers....
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WHO WANTS HYBRIDS?

Falling gasoline prices make alternative-fuel vehicles a tougher sell

12:01 am U.S. ET | Oct. 20, 2014
For a sign of the challenges in selling fuel efficiency as a virtue, Tanner Hulette need only look at the signs near his dealership advertising gasoline for $2.70 a gallon. Hulette, general manager of Mechanicsville Toyota near Richmond, Va., said he's seeing higher demand for pickups and SUVs, and less interest in the Prius hybrid....
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LETTER TO THE EDITOR

China, UC Davis collaborate on EVs

12:01 am U.S. ET | Oct. 20, 2014
In China and the U.S. alike, the commercialization of EVs is happening through a collaboration of automakers and government policymakers to produce and incentivize their increased adoption by consumers....
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Pulling the plug: EV battery module exchange put to test

12:01 am U.S. ET | Oct. 20, 2014
A team of engineers at the University of California, San Diego, plans to make a cross-country trip in an electric vehicle -- without plugging the car in once. Instead of going by the traditional plug-and-wait protocol for EVs, the engineers will swap out rechargeable, briefcase-size battery modules on the fly as they travel from San Diego to the coast of South Carolina in less than 60 hours....
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China's BYD beats Renault, Nissan in Brussels electric taxi bid

Oct. 16, 2014 21:43 CET
China's BYD was the winner in Brussel's first tender for emission-free taxis, beating Renault and Nissan. Taxi operators opted for BYD's e6 electric car because of its roominess and long range....
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Toyota tests car-sharing in French city

Oct. 16, 2014 10:08 CET
Toyota has launched its first car-sharing service outside Japan in the French city of Grenobles. Consumers can hire EVs using a smart phone app in a scheme that may be expanded to other cities after a three-year trial....
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Chevy to get another EV

12:01 am U.S. ET | Oct. 13, 2014
Chevrolet will broaden its green-vehicle offerings by adding an electric model to a lineup that includes the Volt plug-in hybrid and the Spark EV minicar....
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THE SUPPLIER SPEAKS: PRABHAKAR PATIL

Battery maker shrugs off Tesla competition

12:01 am U.S. ET | Oct. 13, 2014
After years of disappointment, the EV market is ready to grow, predicts Prabhakar Patil, CEO of LG Chem Power Inc. Parent company LG Chem expects to grab 25 percent of global electric-vehicle battery sales by 2017 as battery prices fall and EV range rises....
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GM to expand Chevy’s green-model lineup

12:01 am U.S. ET | Oct. 7, 2014
GM plans to broaden Chevrolet's green-vehicle offerings by adding an electric model to a lineup that includes the Volt plug-in hybrid and the Spark EV minicar. GM global product chief Mark Reuss confirmed plans for the electric vehicle last week during a presentation to investors. He didn't identify the nameplate or disclose a timeline for its debut....
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Tesla battery factory near Reno is bet Nevada will see new gold rush

12:01 am U.S. ET | Oct. 4, 2014
Tesla's plans for a giant, advanced battery factory in a dry, desolate desert are raising hopes old Nevada, symbolized by adult entertainment like gambling and prostitution, will meet a new Nevada, where high-tech manufacturing and distribution businesses built on an immense scale can restore some of the state's fabled wealth....
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BMW to boost i3, i8 availability in U.S.

2:07 pm U.S. ET | Oct. 2, 2014
BMW plans to allocate a higher share of i electric and plug-in hybrid output for the U.S. in the coming months. The company has sold 10,000 i3 compact electric vehicles and 280 i8 plug-in hybrid supercars worldwide to date, BMW's top sales executive said today....
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Winterkorn warns EU on overburdening automakers on CO2 emissions

Oct. 1, 2014 22:00 CET
Volkswagen CEO Martin Winterkorn warned EU regulators that it would be "fatal" to overburden the auto industry with tougher CO2 emission targets before a market can develop for electric cars, plug-in hybrids and other fuel-efficient models....
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GreenTech Automotive raises $47 million in equity offering

6:31 am U.S. ET | Oct. 1, 2014
GreenTech Automotive Inc., the battery-powered carmaker previously led by Virginia Gov. Terry McAuliffe, raised $47 million in an equity round. Ninety-four investors contributed to the financing, according to a filing Monday with the U.S. Securities and Exchange Commission....
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Tesla expands in Hong Kong to tap EV demand

10:27 am U.S. ET | Sept. 25, 2014
Tesla Motors plans to double its workforce in Hong Kong as the electric car maker expands in a market the company said could become the “Norway of Asia.”...
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Germany to offer free parking to spur EV sales

Sept. 24, 2014 13:47 CET
Germany will offer free parking and the right to use bus lanes to buyers of electric, fuel cell and some plug-in hybrid cars in a bid to have 1 million EVs on German roads by 2020, up from about 21,000 at the start of the year....
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California targets zero emission vehicles as Brown signs new laws

1:05 pm U.S. ET | Sept. 23, 2014
California Governor Jerry Brown has a moonshot goal for the world's eighth-largest economy as he seeks to lead the global fight against climate change: 1.5 million zero-emission cars on state roads in the next decade....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

EVs, small SUVs are winners in first half

Sept. 17, 2014 06:30 CET
The European car market underwent a big shake-up in the first half as there was a change at the top of nine of the 24 segments tracked by Automotive News Europe. The biggest gainers were electric vehicles and small SUVs....
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Toyota considers utility van entry

12:01 am U.S. ET | Sept. 15, 2014
Toyota is considering a small utility-van concept vehicle that would compete with compact vans such as Ford's Transit Connect and Nissan's NV200. The Urban Utility, designed at the company's Calty studio in Newport Beach, Calif., was shown last week....
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BMW: Decision on new-look Mini EV still months away

12:01 am U.S. ET | Sept. 15, 2014
BMW won't decide for at least six months whether to build an electric version of the Mini that will move the classic British car further from its original design. The new car, known as the Superleggera, was shown this month in Britain....
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Urban development

12:01 am U.S. ET | Sept. 15, 2014
Chevrolet's EN-V concept vehicles for urban mobility, on display at the Intelligent Transport Systems World Congress in Detroit last week, were used to demonstrate the integration of electric powertrains with autonomous-driving and communications technology....
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