Young Americans open to Chinese BEVs despite data concerns
EVinFocus
by Ciaran Donnelly
4h ago
A new survey by automotive insights firm Autopacific finds that Chinese offerings are largely attractive to young US buyers despite significant concerns about data privacy with software defined-vehicles from Chinese OEMs. The findings offer an answer to a fundamental question beneath the recently introduced 100pc US tariffs on Chinese EVs, i.e. how attractive Chinese products would be to US consumers in a level playing field competition environment, considering their price advantages and in many cases, heightened software capabilities. This in turn suggests that Biden's tariff measures may ha ..read more
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Kia to launch EV3 in Europe in late 2024
EVinFocus
by Ciaran Donnelly
4h ago
South Korean automaker Kia has revealed more details about it upcoming its EV3 SUV and confirmed that deliveries of the compact BEV will begin this summer. The compact BEV is the first in a series of upcoming launches in different vehicle segments, for which Kia announced concepts last year. The medium-sized EV5 SUV will follow, after the brand's large EV9 SUV began shipments this year. The EV3 will be introduced first in South Korea in July 2024 with a European launch following in the second half of the year. Kia also says it has plans for further launches, but says only that these will targ ..read more
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European BEVs double growth rate of ICE in April
EVinFocus
by Ciaran Donnelly
13h ago
New BEV registrations grew at twice the rate of ICE cars in Europe in April, as all-electric vehicles claimed a 12pc share of the region's market with 108,552 unit sales, according to data from the continent's automotive lobby, Acea. With year-on-year growth of 14.8pc, BEVs significantly outgrew petrol and diesel cars, whose registrations rose only 7.3pc. BEVs even outgrew the EU's wider car market, which saw 13.7pc change. Of the approximately 126,000 BEVs registered in April in the 31-country EU+Efta+UK bloc, over 77,000 came in the three biggest markets, the UK, France, and Germany (see Fi ..read more
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Xpeng targets L4 autonomy by 2025
EVinFocus
by Ciaran Donnelly
2d ago
Chinese automaker Xpeng has set a target of rolling out Level 4 autonomous driving to its vehicle fleet by next year, as it approaches the launch of a new software-defined vehicle sub-brand next month. The company is bullish about the potentially rapid development and streamlining of its XNGP ADAS software, which management says is aided by the firm's incorporation of large language model training of its software. Level 4 autonomy is the point at which a driver will never be required to take over driving the vehicle in any circumstance. In theory, vehicles may be built without any human contr ..read more
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US BEVs trail HEVs by highest margin since 2021
EVinFocus
by Ciaran Donnelly
2d ago
The differential between US BEV and non plug-in hybrid sales has grown to its widest gap in nearly three years, as the country's BEV registrations showed only 2pc year-on-year growth in April, according to data from the Argonne National Laboratory. The US registered 93, 598 BEVs in April, which trailed the number of HEVs registered by just under 25,000 units (see maim image). This is despite sequential decline in HEV registrations — albeit it is the second strongest month ever recorded for hybrids, trailing only last month. Sign up for EV inFocus EV inFocus: Hard news for the corporate e-mobi ..read more
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Tesla adds FSD supercomputing capacity at Giga Texas
EVinFocus
by Ciaran Donnelly
3d ago
EV market leader Tesla is installing a supercomputer cluster as part of its ongoing expansion of its Texas gigafactory, CEO Elon Musk has revealed, as the firm positions itself to prioritise its AI and autonomy software as the core driver of future growth. The move is part of the firm's planned pivot towards AI and robotics, which is to be led by its Full Self Driving (FSD) ADAS software, as Musk revealed a new mission statement for the company at the end of Q1 which could see traditional auto manufacturing relegated amongst Tesla' primary business plays. "The rear portion of the factory exte ..read more
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Canoo aims for global sales expansion
EVinFocus
by Ciaran Donnelly
3d ago
US EV start-up Canoo saw its net loss increase by 22pc year-on-year in Q1 to $110mn. But it is hopeful both of converting a pipeline into new sales and then ramping up production to meet these orders as the year progresses. "On our manufacturing and supply chain progress, which to some extent has slowed down, we expect more activity as we move through the year," says Canoo CEO Tony Aquila. "We are working very aggressively to close the gap." Sign up for EV inFocus EV inFocus: Hard news for the corporate e-mobility sector Subscribe Email sent! Check your inbox to complete your signup. No spam ..read more
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Xpeng continues internationalisation blitz
EVinFocus
by Peter Ramsay
6d ago
Chinese BEV challenger Xpeng showcased this week its G6 and G9 SUVs at an event in France that “announced its arrival”, the firm says, in another market. The firm’s list of country debuts this year gets ever longer. Just a week before making its bow in France, the firm announced a tie-up with Australian EV dealership True EV to bring Xpeng vehicle to Australia. The G6 will debut there by Q4, the firm says. Asia-Pacific has been something of a focus for Xpeng. Last month, it inked a partnership with dealer Sime Darby to enter the Hong Kong market. Delivery of models including the G6 and seven ..read more
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UK battery maker targets niche OEMs
EVinFocus
by Peter Ramsay
6d ago
A new battery manufacturer Volklec has launched in the UK’s West Midlands automotive heartland aimed at serving the specific electrification needs of the country’s industry. And this means an initial focus on a “diverse array of small volume and niche vehicle manufacturers”. The firm, which is based in Coventry, aims to manufacture sustainable batteries for on-road, off-highway and racetrack vehicles. “Volklec has been many months and significant investment in the making, established to help the UK’s decarbonisation drive. As a proud investment in the UK, our initial focus is on the automotiv ..read more
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Honda presents first fully-fledged BEV plan
EVinFocus
by Ciaran Donnelly
1w ago
Japanese OEM Honda has announced a vertically integrated battery manufacturing plan that it says will reduce the cost of its EV cells by 20pc as it ramps up a North American supply chain by 2026. The OEM, which is materially behind global competitors in the EV race, recently announced an $11bn investment in a North American value chain based around an upcoming manufacturing facility in Canada. "Honda will establish a competitive business structure with an aim to reduce overall production cost by approximately 35pc," Honda says, adding that it "already has a positive outlook to secure eno ..read more
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