As the saying goes, if you can’t sign a supply agreement with ’em, buy a part of ’em.
That’s clearly not a saying, but that’s what Samsung Electronics Company just did with Chinese electric automaker BYD, handing over $440 million deal for a 1.9 percent stake in the company. According to Bloomberg, a Samsung subsidiary was turned down by China as an approved supplier of batteries to the automaker, so the electronics giant tried another door. (Read More…)
Audi is apparently about to embrace electric vehicles with all the intensity of a daughter greeting her father on the tarmac after the war.
According to Reuters, company sources say the automaker plans to make EVs account for 25 percent of sales by 2025 — a move that would erase the environmental stigma of its parent company and challenge Tesla in the fledgling luxury EV field. (Read More…)
There’s money in them there cars, Samsung Electronics Company must have thought.
The Korean technology giant is in talks to buy a stake in Chinese automaker BYD, Reuters reports, and it isn’t the first time the company sought new cash streams from automotive world. (Read More…)
Just as it did recently with the Model S, Tesla just took its Model X SUV in for a battery and price haircut, resulting in a new base model.
The automaker’s website now shows the availability of a 60D version of the all-wheel-drive utility, meaning a 60 kilowatt battery and an EPA estimated 200 miles of range. The battery shrinkage makes the new model the shortest-ranged Tesla in the stable, but it also undercuts the price of the formerly base 75D by $9,000. (Read More…)
Columbus, Ohio was chosen as the winner of the U.S. Department of Transportation’s “Smart City Challenge,” beating out six other mid-size cities for the $40 million federal grant.
With that grant and $100 million pledged from philanthropic and business sources on tap, the city’s plan will see improvements in social infrastructure and green, connected transportation — including greater electric vehicle use and new recharging infrastructure — despite the fact that Ohio’s power grid isn’t very green. (Read More…)
Sales figures point to a record-breaking month for electrified vehicles in June, but the final tally doesn’t tell the whole story.
After a dismal May that saw sales fall below the previous year’s numbers, sales of plug-in vehicles (battery electric vehicles and plug-in hybrids) surged in June, hitting a combined total of 13,722 units in the U.S., according to Hybrid Cars. (Read More…)
The Leaf is nowhere to be seen — unless you’re staring at a Nissan dealer lot — and American buyers are barely budging their electric vehicle take up rate. Nissan, it seems, needs another incentive to sweeten its EV pot.
The solution? More free electricity. It’s not a new idea (actually, it’s an expanded version of two-year-old promotion), but the automaker probably figured, why the hell not? (Read More…)
Eager to find locations to expand its U.S. recharging network, Tesla Motors is busy seeking new partners, with fast food, gas stations and convenience stores being top of mind.
One of the chains Tesla is attempting to seduce is the jack-of-all-trades Sheetz, according to the Washington Post. With hundreds of locations in the mid-Atlantic region, Appalachia and Ohio, Sheetz — maker of the Shmuffinz breakfast sandwich — operates a gas bar, convenience store and fast food restaurant at its locations.
It’s the place to be, and Tesla wants a Supercharger on that property. (Read More…)
Nissan doesn’t want its aging Leaf electric hatchback to be left in the dust when the long-legged Chevrolet Bolt and Tesla Model 3 hit the market.
To counter the threat, Nissan will double the size of the Leaf’s battery, giving it a range of more than 200 miles, the automaker’s green chief told Autoblog. Exactly when the upgraded EV will show up remains a mystery. (Read More…)
South Koreans are used to having a bunch of Americans hanging around, but the arrival of a group of Tesla employees won’t be welcomed by executives at Hyundai.
Tesla wants into the South Korean marketplace, and just posted job listings for sales and engineering positions in the Asian country, Bloomberg reports. Already registered in South Korea, the automaker plans to open up an office in Seoul and hire a recruiter based out of Japan. (Read More…)