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

General Motors will include as standard five active safety features in all of its MY2023 EVs. This encompasses every new EV launching this year, including the family-oriented Chevrolet Blazer EV and Equinox EV. These include Automatic Emergency Braking, Forward Collision Alert, Front Pedestrian Braking, Lane Keep Assist with Lane Departure Warning, and IntelliBeam auto high-beam control. The Cadillac LYRIQ provides...

3 June 2023

Volkswagen unveiled the three-row ID. Buzz in Huntington Beach, California today. The zero-tailpipe vehicle has been designed specifically for North America. It offers a longer wheelbase than the two-row European vehicle that debuted in 2022, plus a bigger battery and more horsepower. Retro design cues—like the oversized VW logo, short overhangs, and available two-tone color palette—meet a tailored interior...

2 June 2023

Hyundai Mobis began construction of a new EV battery system plant in Indonesia, which it plans to be completed by the first half of next year. Hyundai Mobis intends to set Indonesia as a beachhead as the country is emerging as the heart of the ASEAN market and catapulting to being a leader of the electrification ecosystem, which include cells, battery systems, and OEMs. The company announced that it had held a...

31 May 2023

Ford Motor Company said today it reached an agreement with Tesla Motors that will provide Ford electric vehicle customers access to more than 12,000 Tesla Superchargers across the U.S. and Canada, doubling the number of fast-chargers available to Ford EV customers starting Spring 2024. A Tesla-developed adapter will provide Ford F-150 Lightning, Mustang Mach-E and E-Transit vehicles fitted with the Combined Charging...

26 May 2023

LG Energy Solution (LGES) and Hyundai Motor Group announced an EV battery cell manufacturing joint venture in the U.S. today. LGES and Hyundai Motor Group signed a memorandum of understanding to produce EV batteries in the U.S. and further accelerate the Group’s electrification efforts in North America. The signing ceremony took place in LGES’s headquarters in Seoul on May 26 with the attendance of Youngsoo Kwon...

25 May 2023

New model variants and innovations in the areas of electrification and digitalization are set to further increase the appeal and diversity of the BMW product range from summer 2023. At the pinnacle of the model portfolio, the arrival of a third variant of the all-electric BMW i7 expands the brand’s offering in the luxury segment. At the same time, the Multi-Contract Plug & Charge and MAX RANGE functions will now be...

24 May 2023

BMW has just announced its new BMW 5 Series Sedan lineup. This includes the 2024 BMW i5 eDrive40 and the 2024 BMW i5 M60 xDrive. The market launch of the new BMW 5 Series Sedan will begin in October 2023. Like all previous model generations, the new BMW 5 Series Sedan is produced at the BMW Group Plant Dingolfing, where the electric motors and high-voltage batteries for the BMW i5 are also manufactured. The...

24 May 2023

BMW will continue to broaden its electrified product portfolio with the introduction of several new models in the summer of 2023. The i4 line will build on its success with the addition of a new all-wheel drive variant, the 2024 BMW i4 xDrive40. Positioned below the 536-horsepower i4 M50, the i4 xDrive40’s dual electric motors produce a total of 396 hp and 443 lb-ft of torque – sufficient to propel the...

22 May 2023

At the Tesla 2023 Shareholders Meeting Elon Musk made several key announcements. Here's a brief recap of what he said. Next Gen Drive Unit. The announcement of the next-gen drive unit was the first more noteworthy one among a few. As already stated before, during the development stage, this next-gen drive unit uses zero rare earth materials. It requires 75% less Silicon Carbide and reduces gigafactory footprint by...

17 May 2023

Panasonic has released its financial results for the year 2023 so far and expectations for 2024. In the expansive document, there's a section depicting the areas where the company expects growth and one of them is automotive batteries. In order to take advantage of this expected growth, Panasonic mentions three key areas: Enhancing supply capabilities in the USA - the mass production of 2170 cells from the Kansas...

11 May 2023

Mercedes-Benz Vans unveiled the Mercedes-Benz EQT - a newly developed small van for everyday leisure activities. It combines the variability and high-quality equipment level of the T-Class – its conventionally powered sister model – with the advantages of an all-electric drive. Just like the T-Class, the new EQT offers many advantages that make everyday life easy and comfortable for families and the recreationally...

10 May 2023

Mercedes-Benz will integrate aluminum with almost 70% CO₂-reduction compared with the European average as well as a minimum of 25% recycled content. The material has passed the validation test for use in demanding structural cast components and integration will start this year. The tested aluminum comes with a carbon footprint of just 2.8 kg CO₂ per kg of aluminum. Hydro - the aluminum producer - already supplies...

10 May 2023

MINI provides a first glimpse of the trend-setting design of the upcoming all-electric model family: Charismatic Simplicity is called the reduced design language that focuses on the essentials. Each new MINI model gains its own strong individual character that is expressed in distinctive design features, while exuding individuality with a clear brand affiliation. Sustainable materials are another essential part of...

9 May 2023

CNBC reports that Elon Musk has broke ground on a Tesla lithium refinery that is planned to be built in Corpus Christi, Texas. Gov. Greg Abbott also attended the ceremony. Tesla will invest USD 3.75 million in this project as one of the company's steps to secure a domestic supply of lithium hydroxide for its batteries. The report cites Elon Musk who said that this refinery should provide enough lithium for Tesla to...

9 May 2023