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Electric vehicle

Auto policy revs up
BR Research

Auto policy revs up

After much fanfare of its predecessor that expires this month, a new automobile development policy is in...
Published 23 Jun, 2021 07:25am
EV anxieties
BR Research

EV anxieties

Having big dreams is sexy, but only if there is a plan working quietly in the background to realize them. That’s...
Published 16 Jun, 2021 07:35am
Ford Motor, SK Innovation announce EV battery joint venture in N. America
Business & Finance

Ford Motor, SK Innovation announce EV battery joint venture in N. America

  • The companies said they have signed a memorandum of understanding for the formation of the venture, called BlueOvalSK. Reuters on Wednesday reported plans for the joint venture.
  • That target would equal two jointly owned plants, the locations for which have not been identified, Ford North American Chief Operating Officer Lisa Drake said on a call with reporters.
Published 20 May, 2021 09:35pm
Huawei cedes further ground as smaller smartphone rivals swoop in
Business & Finance

Huawei cedes further ground as smaller smartphone rivals swoop in

  • China shipments fell to 14.9 million handsets in the quarter ended March from 30.1 million in the same period last year, according to research firm Canalys. Outside China, Huawei shipped 3.7 million units.
  • Its market share slumped to 16% from 41% a year ago, while Vivo and Oppo saw their shipments grow 79% and 65%, respectively. Vivo shipped 21.6 million units in the first quarter, while Oppo shipped 20.6 million.
Updated 29 Apr, 2021 07:44pm
Samsung SDI to supply battery cells to EV startup Rivian
Business & Finance

Samsung SDI to supply battery cells to EV startup Rivian

  • Rivian, which aims to put an electric pickup and SUV in production this year, said it had been working with Samsung throughout the process of developing the battery cells.
  • "We're excited about the performance and reliability of Samsung SDI battery cells combined with our energy-dense module and pack design," said RJ Scaringe, chief executive officer of Rivian.
Published 12 Apr, 2021 08:45pm
Rio Tinto starts producing lithium from waste rock at California mine
Business & Finance

Rio Tinto starts producing lithium from waste rock at California mine

  • That demonstration plant will run for the rest of the year as Rio decides whether to spend $50 million to build a full-scale production plant with annual capacity of 5,000 tonnes.
  • Rio has produced borates - a group of minerals used to make soaps, cosmetics and other consumer goods - for nearly a century in the Mojave Desert, about 120 miles (195 km) north of Los Angeles.
Published 07 Apr, 2021 06:57pm
White House asks EPA to study how EVs can generate renewable fuel credits
World

White House asks EPA to study how EVs can generate renewable fuel credits

  • The move could give the fledgling US electric vehicle industry a big boost by granting it fresh incentives and a new revenue stream. But the idea would introduce new actors like Tesla Inc into a program that has already bitterly divided the oil and corn industries.
  • Electricity from biogas is already technically eligible for generating RINs under the RFS, but the EPA has never approved applications to do so because the agency hasn't yet figured out the logistical issues.
Published 01 Apr, 2021 09:19pm
Chinese smartphone maker Xiaomi to invest $10bn in new EV unit over 10 years
Business & Finance

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

  • At a livestreamed event held on Tuesday, Xiaomi CEO Lei Jun, who will also head the smart EV unit, said the division will be the "last major entrepreneurial project" in his life.
  • The firm will initially invest 10 billion yuan ($1.52 billion) in the unit, with a total investment goal of $10 billion over the next ten years, it said in a filing published earlier on the Hong Kong stock exchange.
Published 30 Mar, 2021 08:41pm
Lucid Motors' $24 billion blank-check deal sparks bubble concerns
Business & Finance

Lucid Motors' $24 billion blank-check deal sparks bubble concerns

  • "The EV sector feels like it's going through a correction. Lucid's SPAC-IPO probably (is) driving circular negative reinforcement."
  • We think Tesla has been valued for teleportation, so the correction is probably a very healthy thing. This allows investors to watch for potential entry points in names they feel they might have missed.
Published 23 Feb, 2021 09:15pm