Absolute Markets Insights: global EV charging station market will grow by 29% CAGR till 2027

BMW cites an IHS Markit research, according to which the brand is second after Tesla in overall new registrations of EV and PHEV vehicles for 2019 in Europe. Tesla has a market share of 20% and BMW has 14%. They are followed by Renault (8%), Volkswagen (7%), Hyundai (6%), Mitsubishi (6%), Nissan (6%), and Volvo (6%), Kia (5%), Audi (4%), Mercedes (3%), Smart (3%). In Germany only, BMW is the leader with 21% share...

22 January 2020

Volkswagen entered the Chinese market some 40 years ago and since then, has sold more than 42 million cars in China. Currently, the Group sells around 40% of its cars in China. Every fifth car sold in China bears the logo of one of the brands from the Group. For the past year, even against the car market trend in China, VW Group experienced an increase in market share together with its joint-ventures FAW-Volkswagen...

20 January 2020

Reuters cites two sources who shared that Volkswagen intends to buy 20% of Guoxuan High-tech Co. Ltd. - a Chinese manufacturer of EV batteries. This will happen in the coming weeks via a discounted private share placement. Reuters estimates that Volkswagen's 20% share will be worth around $560 million is based on the $2.8 billion market capitalization of Guoxuan. Thus it will become the second-largest stakeholder in...

17 January 2020

Today Audi announced that it will invest about EUR 100 million for the establishment of more than 4500 charging points for EVs on its own sites. This independent concept is the largest charging infrastructure project carried out by a German employer. The number of charging points according to their site distribution is as follows: 3500 charging points at the main plant in Ingolstadt 1000 charging points in...

17 January 2020

At the end of 2018, SK Innovation decided to build a 9.8GWh/year EV battery plant in Commerce, Jackson County, Georgia. After the groundbreaking ceremony in March last year, the plant, which is under construction will be completed in the second half of 2021 and will be ready for mass deliveries in early 2022. Due to the rapidly growing US market, SK Innovation is considering to expand its investment in stages. The...

16 January 2020

Enevate is a company that develops a fast charging tech for EV batteries. Backed by Renault-Nissan-Mitsubishi via Alliance Ventures since November 2018, it now unveils its 4th generation of fast-charging battery tech. More specifically, Enevate's solution delivers "extreme fast charging with high energy density and at lower material cost than conventional Li-ion batteries, while being compatible with existing...

15 January 2020

10 Mercedes-Benz eVito vans with full Amazon branding on them are now circulating the streets in central Munich. All are the long body variant of the eVito (5370 mm wheelbase). Amazon plans on launching into operation more vehicles to expand its electrically operated fleet. The Mercedes-Benz eVito packs a 41 kWh battery that is good for a run of 150-184 km. It takes 6 hours of charging to offer the same range again...

15 January 2020

KIA held a special press conference yesterday, during which it presented its "Plan S" - the mid- and long-term strategies of the company to establish a leadership position in the fields such as electrification, mobility services, connectivity and autonomy. In 2021, KIA will launch a dedicated battery electric vehicle (BEV) and by the end of 2025, it plans to launch a total of 11 BEVs. It expects this to secure a...

15 January 2020

Well, it's CES time in Las Vegas, meaning it's concepts time for automakers. This year, Mercedes-Benz has gone wild with its VISION AVTR concept. The extremely futuristic and beautiful looks of the vehicle have been inspired by the Avatar film. The concept was presented by Daimler CEO Ola Kaellenius and Avatar director James Cameron. The VISION AVTR concept interprets the currently modern ideas of a vehicle being an...

8 January 2020

The Audi AI:ME concept was unveiled at the 2019 Shanghai Auto Show. The "visionary mobility concept for the megacities of the future" has a compact body and futuristic interior and offers a Level 4 autonomous driving. Based on Volkswagen's MEB platform, the car offers a spacious interior designed as a 2 plus-x-seater offering a great deal of variability. The car is driven by a permanently excited synchronous motor...

8 January 2020

2020 Hyundai Kona EV is now on sale in South Korea. Some of the new model year upgrades include a 10.25-inch navigation system, an air filtration system, heated second-row seats. The new navigation screen is not only larger but also offers additional functionalities such as the split-screen mode, which improves the customer's usability. The in-cabin air quality should also be improved with the new air filtration...

8 January 2020

The Nissan Ariya Concept debuts in North America at the CES 2020 in Las Vegas. This all-electric crossover features Nissan's latest electric drive technology - the e-4ORCE twin-motor AWD system and embodies the Nissan Intelligent Mobility vision including plenty of innovative vehicle technologies. t the Nissan Intelligent Mobility Corner, technology experts will give demonstrations of Ariya Concept features such as...

8 January 2020

Nissan has presented its e-4ORCE dual-motor AWD system for EVs at CES 2020. The main benefits from it are that it delivers instant torque to all four wheels for predictable power and handling that is on par with many premium sports cars. It also minimizes vehicle pitch and dive for unparalleled ride comfort. Regenerative braking comes from both motors. Furthermore, the e-4ORCE system ensures ultra-high-precision...

8 January 2020

Hyundai and Kia report that their combined EV exports more than doubled last year. More specifically, the accumulative exports of both brands amount to 63,414 units in 2019 and 27,798 in 2018. The PHEVs and fuel-cell EVs exports increase by 16% in 2019 to a total of 226,581 units. The two companies expect to achieve another double increase in battery-electric and eco-friendly vehicles in 2020. The all-electric...

5 January 2020