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Apr 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

electric vehicles

Ford, BMW lead $130mn investing round in solid-state battery startup

Ford, BMW lead $130mn investing round in solid-state battery startup

  • The partnerships and the capital that comes along with it are really going to put us on a good footing to execute on our road map, which simply speaking is qualifying this technology for vehicle use and getting them into vehicles in the not-too-distant future.
  • Carmakers are racing to develop EVs amid tightening CO2 emission standards in Europe and China.
Published 03 May, 2021 06:51pm
Porsche plans EV battery cells factory in southern Germany
Business & Finance

Porsche plans EV battery cells factory in southern Germany

  • European car manufacturers, who mainly rely on battery suppliers in Asia, are looking to reduce their dependence from abroad in light of a ramp-up in e-cars production to meet tougher environmental rules in the European Union.
  • "Battery cells are a key technology for Germany's automobile industry which we must also have in our own country," Oliver Blume told the newspaper in an interview to be published on Sunday.
Published 24 Apr, 2021 05:31pm
Electric vehicles to dominate line up at Toyota's Lexus by 2025
Business & Finance

Electric vehicles to dominate line up at Toyota's Lexus by 2025

  • Electrified models such as battery electric vehicles (BEV), plug-in hybrids and hybrid electric cars will be introduced, the company said in a statement.
  • Lexus also unveiled a BEV concept car, the "LF-Z Electrified", which will include features such as a new four-wheel driving force control technology.
Published 30 Mar, 2021 07:22pm
VW confirms it will rebrand its US unit as 'Voltswagen'
Business & Finance

VW confirms it will rebrand its US unit as 'Voltswagen'

  • The revised name takes effect in May and the announcement came after several outlets on Monday reported on a draft release mistakenly posted on the automaker's US website.
  • We might be changing out our K for a T, but what we aren't changing is this brand's commitment to making best-in-class vehicles for drivers and people everywhere.
Published 30 Mar, 2021 06:12pm
Volkswagen to switch EV battery type, leaving supply deals in doubt
Business & Finance

Volkswagen to switch EV battery type, leaving supply deals in doubt

  • Volkswagen plans to use the prismatic type of battery, increasingly turning to supplies from China's Contemporary Amperex Technology Co Ltd (CATL), South Korea's Money Today online news site reported earlier on Monday, citing unnamed South Korean battery industry sources.
  • The German carmaker declined to comment. Volkswagen plans to announce its battery procurement plans at its Power Day event on Monday, Money Today reported.
Updated 15 Mar, 2021 09:28pm
Indonesia says Suzuki, Mitsubishi to increase autos investments
Business & Finance

Indonesia says Suzuki, Mitsubishi to increase autos investments

  • Mitsubishi Motors will invest an additional 11.2 trillion rupiah ($778 million) in Indonesia by the end of 2025 and develop two electric vehicles in the country, Agus said in a statement released late on Wednesday.
  • The offices of Mitsubishi and Suzuki in Indonesia did not immediately respond to requests for confirmation late on Thursday, which was an Indonesian national holiday.
Published 11 Mar, 2021 07:36pm
Hybrid thoughts
BR Research

Hybrid thoughts

In its latest corporate briefings, Indus Motors has expressed its hope for a new automotive policy that extends...
Published 11 Mar, 2021 07:40am
Volkswagen hikes battery cell demand in EV expansion push
Business & Finance

Volkswagen hikes battery cell demand in EV expansion push

  • The supply chain update is part of the world's second-largest carmaker's strategy to raise the share of fully electric vehicles in Europe to more than 70% by 2030 at its core brand, details of which were unveiled last week.
  • So far, Volkswagen, which sources batteries from LG Chem , Samsung SDI, SK Innovation and CATL, expects annual demand in Europe to be more than 150 GWh from 2025 and to be at a similar level in Asia.
Updated 11 Mar, 2021 12:48am