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Tag Archives: bevs
PEVE to Become Toyota Battery Company
Toyota Motor (NYSE:TM) in Japan confirmed today that Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor. The subsidiary will use the technology advanced through Toyota’s hybrid vehicle battery business to date. and presumably improve on it. The transaction is scheduled to be approved at PEVE’s Annual General Meeting of Shareholders in late June 2024. It’s the latest in a series of moves by Toyota to become a dominant EV company.
“The new company name embodies our determination to leverage the technology and skills honed since PEVE’s establishment in 1996 to contribute to the competitiveness of Japanese batteries and become a company that provides high-quality and highly safe on-board batteries. In addition to batteries for Hybrid Electric Vehicles (HEVs), we plan to produce batteries for Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). Through our efforts in the production of diverse and next-generation on-board batteries, we hope to create new value and be useful to society,” PEVE said. Continue reading
Posted in connected vehicles, electric vehicles, electronics, energy, environment, global warming, milestones, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, bevs, ev batteries, hevs, Ken Zino, Masamichi Okada, PEVE, PHEVs, Primearth EV Energy Co., Toyota Motor Corporation
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Recession? US Consumer Auto Spending at Record Levels
Retail sales of new vehicles this month are expected to reach 907,900 units, a 0.1% increase from February 2022. New-vehicle transaction prices continue to rise, with the average price reaching a February record of $46,229, a 4.8% increase from a year ago. Consumers are forecast to spend ~$42.0 billion on new vehicles this month—the most ever for the month of February and an increase of 5.0% from February 2022, as the Biden Administration economic recovery continues. Continue reading
Posted in news analysis, sales
Tagged auto industry commentary, autoinformed.com, bevs, Elizabeth Krear, j.d power, Ken Zino, lmc automotive, PHEVs, Thomas King
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University of Michigan, Ford – EV Greenhouse Gas Reductions Greater than Others. Pickups Best Over Their Life Cycle?
“This is an important study to inform and encourage climate action. Our research clearly shows substantial greenhouse gas emission reductions that can be achieved from transitioning to electrified powertrains across all vehicle classes,” said study senior author Greg Keoleian, a professor at the U-M School for Environment and Sustainability and director of the U-M Center for Sustainable Systems. Continue reading
US Battery Electric Vehicle Market – Progress or Proliferation? Tesla has a 75% Share. Is the Nissan LEAF a Best Buy?
The Nissan LEAF was the first modern pure EV when it launched in 2010. Since then the US battery electric vehicle market has added roughly 20 different models with prices ranging from ~$21,000 to more than $160,000. The question for consumers is this progress or just proliferation? Well, as always, it depends on what you consider. Continue reading
Ford Dropping Car Business – Reallocating $7B in Capital
It’s time for Ford to reorganize yet again. This time around it’s as radical a turnaround plan as ever seen in Dearborn with Ford essentially ceding the car market to other major auto makers and reallocating the $7 billion saved to bets – with wildly uncertain odds – in the connected car and autonomous car areas, as well as the newly emerging interactive road system. Continue reading
Posted in autonomous vehicles, economy, electric vehicles, environment, fuel economy or emissions, news analysis
Tagged autoinformed.com, autonomous vehicles, battery electric vehicles, bevs, connected vehicles, cyber security, FMC CEO Jim Hackett, Ken Zino, silicon valley, smart vehicles and roads
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With BMW EV Due, Study Says Range Anxiety Not an Issue
One of the observations about the 80 to 100 mile range – that it’s acceptable – challenges conventional wisdom. This will be tested further when the all-electric BMW Active E becomes available in some U.S. markets beginning in late 2011. A two-year lease will be $499 a month with a $2,250 down payment. A series production BMW I3 follows in 2013. Continue reading
Posted in alternative fuels, auto news, customer satisfaction, electric vehicles, marketing, news analysis
Tagged active e, auto informed, auto news, autoinformed, autoinformed.com, automotive news, bevs, bmw ev, bmw ev study, electric vehicles, EVs, i3, Ken Zino, mini e, u.c. davis plug-in hybrid & electric vehicle research center
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Hybrid Vehicle Sales Slump! EV Demand Overhyped?
Data continue to show that widely publicized green vehicles, notably hybrid vehicles whose sales are in a slump, and electric vehicles just now starting sales are losing popularity among potential buyers. The latest evidence of a hybrid sales slump comes from CNW Research in a report that suggests consumers are increasingly less willing to spend additional money for a hybrid than a conventional gasoline car or truck of the same size and use. Continue reading
Chinese Dongfeng Voyah Vehicles Coming to EU Via Stellantis
Stellantis (NYSE: STLA) and the Dongfeng Group today announced their intention to form a European joint venture for shared sales, distribution, manufacturing, purchasing, and engineering activities. The joint venture would take responsibility for the sales and distribution of Dongfeng’s Voyah-branded vehicles in designated markets in Europe. This would circumvent EU tariff’s on Chinese-made vehicles. [Stellantis and Dongfeng Group recently announced the production of all-new Peugeot and Jeep models in China for the domestic market and export – AutoCrat]*
“The plans we are announcing today take our recently strengthened cooperation with Dongfeng to an all-new dimension of an international partnership to the benefit of customers around the world,” said Antonio Filosa, Stellantis CEO. “With this new chapter in our collaboration, we will give our customers an even greater choice of competitive products and pricing, leveraging the best of Stellantis’ global footprint alongside Dongfeng’s access to China’s advanced new energy vehicles ecosystem.” Continue reading →