NewsRoom Articles - Page 83 of 131

ThursdayMar 10, 2022 11:55 am

Chinese EV Startup NIO Inc. (NYSE: NIO) Ready for Listing in Hong Kong

NIO (NYSE: NIO) has announced that on March 10, 2022, it will be putting its shares up for trading in Hong Kong. The Chinese startup is listed in New York and is making this move as regulatory risks for other Chinese companies continue to grow in China and the United States. However, unlike other Chinese companies that are listed in the U.S., Nio is “listing by way of introduction.” It is neither offering new shares through the listing nor raising money. It is using part of the existing shares to trade in Hong Kong. According to a filing in the…

WednesdayMar 09, 2022 1:01 pm

Survey Shows Level 2 Charging Systems Are Highly Rated Among US EV Owners

A survey by J.D. Power has found that the most highly rated charger is the Level 2 charging system. The survey used data from 8,216 electric vehicle (“EV”) owners who had cars manufactured between 2016 and 2022. The respondents were asked to rate their home charging systems in order to provide their satisfaction of the overall ownership. The findings revealed that the highly rated chargers were the Level 2 chargers, which are permanently mounted and have a high cost. These chargers received an average score of 752 points. Tesla ranks the highest with a score of 797 while ClipperCreek follows…

TuesdayMar 08, 2022 3:33 pm

Why 2022 Could Be Turning Point for EV Adoption

Last year, the demand for electric vehicles (“EVs”) grew in China, Europe and the United States while the demand for gas cars remained stagnant. This huge demand has led some carmakers to require consumers to fork out advance deposits as some models are sold out for the next year and more. Fuel cars contribute to climate change through the emission of greenhouse gases while electric cars are environment friendly because they rely on clean energy for their operation. EVs accounted for 9% of all new cars sold globally last year, up from 2.5% in 2019. This year the number is…

MondayMar 07, 2022 12:52 pm

California Celebrates Milestone of 1 Million EV Registrations

California is pushing for electric vehicle (“EV”) adoption as it plans to transition from depending on fossil fuels. Last week, officials from Governor Gavin Newsom’s office (D-CA) and the California Environmental Protection Agency announced that the one-millionth electric vehicle had been purchased within the state. During the press conference, they announced that the state would have more zero-emission vehicles (“ZEV”) running in comparison to several states combined. This is part of the governor’s plan that he announced in 2020; the plan states that by 2035 ZEV will make up all car and passenger trucks sold within the state. The state…

FridayMar 04, 2022 9:30 am

Why an EV Battery Shortage Could Pose Security Threats to US Interests

A shortage of batteries used in electric vehicles (“EVs”) might create a case of security concerns in the United States. Electric cars use batteries just as combustion cars rely on fossil fuels. Similarly with incidents of oil shortages, electric carmakers can also experience a shortage in batteries. According to the Department of Justice, the United States sources 90% of lithium, the metal used in those batteries, from Argentina and Chile. Meanwhile, China processes about 60% of the global lithium as well as 80% of the cobalt. The country is struggling to create a plan that will see it continuously refine…

ThursdayMar 03, 2022 9:30 am

Study Shows EV Are Suited for Nearly 8 in 10 Fleet Trips

A new study by Volkswagen reveals the number of journeys an electric vehicle (“EV”) will need to make before recharging. This study relied on insights from more than 720,000 journeys and comes after many other reports have tried to show how car and van journeys match up to the range of an electric car. The research was done by the Volkswagen Financial Services Fleet (VWFS Fleet), which relied on data on travels covering almost 6.5 million miles. The data was analyzed to help fleet drivers find out the fuel type that was the most suitable as well as cost friendly.…

WednesdayMar 02, 2022 9:00 am

Toyota Motor Corp. (NYSE: TM) Patents Reveal Upcoming EV Will Have Manual Transmission System

Toyota (NYSE: TM) is seeking to maintain the manual transmission in electric vehicles (“EVs”). This news comes after patent applications by the carmaker were posted on Toyota BZ Forum, a forum of Toyota enthusiasts. A total of eight patents are attached, detailing different features that the manual electric model will have. Electric cars mainly have one or at most two forward gears. However, in this case the documents revealed the presence of a clutch pedal and a shifter that are not connected to the car’s electric motor. The car will rely on sensors and software to make a manual transmission.…

TuesdayMar 01, 2022 9:30 am

New Research Shows Home EV Charging to Grow 360% by 2026

The growing popularity of electric vehicles (“EVs”) will lead to a rise in spending in charging options, particularly home charging. According to new research, spending on home charging is set to increase by 390% by 2026. When it comes to charging, electric car owners have to deal with the high charging costs of public networks as well as limited availability. Home charging thus provides electric car owners with convenience and reduced charging costs. According to a research by Juniper Research, a research and consultancy firm, the amount of money spent on home charging in 2021 was $3.4 billion. These figures…

MondayFeb 28, 2022 9:30 am

Chinese Authorities Approve Construction of Audi-FAW Joint Plant

On Feb. 11, 2022, Chinese authorities approved the construction of an electric vehicle (“EV”) manufacturing plant by Volkswagen Group’s Audi and its China-based partners FAW Group. The construction of the EV plant will cost about $3.3 billion. China is the largest global market for electric vehicles. The country recorded 160% growth in EV sales last year with a total of 3.3 million units sold. Therefore, this project is vital to Audi’s electrification strategy as it expands its presence within China. According to a spokesperson from Volkswagen Group, the project is set to begin in the second quarter of the year.…

FridayFeb 25, 2022 9:30 am

EV Sales Surged 109% Globally in 2021 with Tesla Inc. (NASDAQ: TSLA) Firmly on Top

Global demand for electric vehicles (“EVs”) is on the rise. Despite car makers dealing with chip shortages and supply chain disruptions, 2021 sales rose by 109% in comparison to the previous year. In a report released last week by marketing firm Canalys, about 6.5 million battery electric and hybrid vehicles were sold, with Tesla (NASDAQ: TSLA) accounting for 14% of the market share. According to the report, the global car market expanded by 4% last year with EV sales accounting for 9% of total passenger car sales. Most electric cars, about 85%, were sold in Europe and mainland China. Mainland…

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