Toyota North America has invested in #IONNA, a joint electric vehicle charging venture by seven major automakers. 🤩🔌 Teaming up with #BMW, #GeneralMotors, #Honda, #Hyundai, #Kia, #MercedesBenz, and #Stellantis, #Toyota is backing IONNA’s big plan to build a powerful charging network for electric cars across North America. 🙌 Get more to the story by visiting the link below! 🤝 https://lnkd.in/eq3BgBYc #ElectrifyNews #EV #ElectricVehicle #EVCharging #EVCharger
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I googled modular PBV urban vehicles and got a verge article static these were Kia. That's OK, Hyundai and Kia often share technology as they each own about 2/3 of the other company. When I think modular, I think modules, kind of like plug-and-play. I designed in theory a modular car - it had three modules - a cab (for one or two people), a back seat, and a truck bed. You could just use the cab. You could attach the back seat or the truck bed behind the cab. You could attach two back seat modules. You could even attach the back seat behind the truck bed, if you're kids were really unruly that day. This kind of modularity is different You can get a different complete car at the start. Then, you can rearrange or remove the seats.
Hyundai Motor Company (현대자동차) plans to spend the equivalent of $51 Billion on EV related technology, vehicles and capacity - including for the modular PBV urban vehicles showed in concept at CES. Legacy automakers worried about Tesla and BYD might want to keep an eye on Hyundai, too.
Hyundai Motor doubles down on EVs as it ramps up investment in Korea
reuters.com
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Director of eMobi Labs | YCombinator W22 | Forbes 30U30 l Integrating AI & EV Charging l Pioneering eMobility Solutions l Forbes Tech Council l AI Technology l Founder & StartUps #CorgiDad
Nissan Motor Corporation's strategy to ramp up its #EV game in response to the unexpected surge in demand is a testament to the company's agility and commitment to #sustainable mobility. It's inspiring to see established automakers like #Nissan adapt and innovate to meet the evolving needs of consumers. This proactive approach not only supports the global transition to cleaner energy but also reinforces the importance of staying dynamic in a rapidly changing market. #Nissan #EV #ElectricVehicles #ElectricMobility eMobi Labs
Here's how Nissan plans to catch up to unexpected EV surge
msn.com
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Toyota, a dominant force in North American automotive sales, sees a surge in #hybridcars popularity alongside a controversial push for electrification. Despite criticism over slow EV adoption, recent moves signal a shift: taking over Panasonic's EV battery venture and announcing a $1.3B investment for a new BEV SUV. With a blend of hybrids, PHEVs, and plans for more BEVs, Toyota navigates towards a greener future amidst environmental activist scrutiny. Dive deeper: https://lnkd.in/edTczR3C #electrifynews #ev #bev #phev #pluginhybrid
Toyota Takes Over Panasonic's Battery Business, Sales of Toyota Hybrid Cars Soaring
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Honda and Nissan invite Mitsubishi to join their EV development partnership https://ift.tt/Ts1VN7k Photo by Richard A. Brooks / AFP via Getty Images Mitsubishi signed a memorandum of understanding with Nissan and Honda to join their pre-existing partnership to jointly develop electric vehicles and other related tech. The hope is that by working together, the three Japanese automakers can catch up to their rivals in the race to introduce more technologically advanced vehicles in the future. It’s another example of big, global automakers pooling their resources in the interest of defraying costs and finding more efficient ways to introduce new EVs to the marketplace. The inclusion of Mitsubishi “will not only add new knowledge and strengths but will also provide further synergies that can only be generated by the three companies,” Nissan and Honda said in a statement. It’s another example of big, global automakers pooling their resources in the interest of defraying costs and finding more efficient ways to introduce new EVs This is not the first joint venture for any of these companies. Honda paired up with General Motors to jointly develop EVs, only to dissolve the partnership several years later. (The newly released Honda Prologue is built on GM’s Ultium platform.) Several months later, Honda teamed up with Nissan with similar goals in mind. And Nissan is already part of a decadesold global alliance with Mitsubishi that also includes Renault. Honda was likely looking for a partner to help take the reins after exiting its deal with GM. Likewise, Nissan and Mitsubishi are both struggling to find a foothold in the US, with the former’s operating profits sinking roughly 99 percent in the US last quarter. Americans just aren’t buying Nissans like they used to, and the company’s failures to introduce any hybrids in what is clearly a very hybrid-friendly market is also slowing things down. It’s not clear what Mitsubishi really brings to the table. The brand has also struggled to introduce any long-range EVs, but that isn’t unique to Japan’s auto industry. The plug-in hybrid Outlander has had some success but isn’t exactly a runaway hit. In other news, Nissan and Honda are adding another goalpost for their partnership: developing a so-called software-defined vehicle. The two companies say they will conclude research into new technologies, with the goal of moving to mass production in a year’s time. Honda and Nissan will also work together on batteries, electric motors, and a new product review system to encourage “mutual vehicle complementation.” Speeding up the process in which many other companies already have a steady lead seems to be the name of the game here. Nissan already has outlined its plans to electrify 16 of the 30 vehicles it produces by 2026, seven of which for the North American market. And it’s making progress on its solid-state battery plans. Now all it needs is partners willing to help spread those costs around a...
Honda and Nissan invite Mitsubishi to join their EV development partnership https://ift.tt/Ts1VN7k Photo by Richard A. Brooks / AFP via Getty Images Mitsubishi signed a memorandum of understanding with Nissan and Honda to join their pre-existing partnership to jointly develop electric vehicles and other related tech. The hope is that by working together, the three Japanese automakers can c...
theverge.com
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The EV market has already saturated the "early adopters" of the public. As someone else stated the segment of the buying public that EVs made sense for in terms of convenience is largely saturated as well (more growth to be had there daily). Toyota has not changed their approach to getting mobility solutions to market. They listen to the consumers and develop the product that the consumer wants. To date, a large part of the EV growth was due to Government and policy decisions - not necessarily consumer driven. That approach has worked well so far.
"Toyota is almost completely absent from the [battery electric vehicle] market yet will gain more U.S. market share than any other car company this year. Let that sink in," Morgan Stanley analyst Adam Jonas wrote in an investor note last week. He further went on to say “EVs may be 'the future' but are struggling in the present. Hybrid sales are growing 5x faster than EVs in the US." This from a good CNBC piece this morning on automakers realigning to Toyota’s ethos of automakers as a “department store” of power plant choices. The article further details that these changes in strategy have been driven partly by necessity as EVs have run into some headway with adoption but also other factors such as raw material prices for EVs surging, and the belief that the Biden administration will roll back the EPA zero emission mandates. Have a great day and enjoy the article. #toyota #ford #generalmotors #stellantis #electricvehicles https://lnkd.in/gpCed5tm
EV euphoria is dead. Automakers trumpet consumer choice for U.S. car shoppers
cnbc.com
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CVO Finding Fasteners Inc. | Co-Founder Battery Sealing Solutions |Transforming EV and Renewable Energy through Innovative Solutions
Did the 🌎 hit pause of on #EV or just western OEMs like #Ford and #GM? Ford Motor Company announced today that they got the #electricvehicle timeline wrong, and they plan to offer #hybridvehicles through 2030. From Toyota Motor Corporation to BMW Group, big auto is scaling back EV rather than taking the loss needed to dominate. Meanwhile Chinese and Korean OEMs are full steam ahead, BYD to GEELY. Will this be the nail in the coffin for the west? https://lnkd.in/gGSmbeam
Ford delays EV launches, will offer full hybrid lineup by 2030
detroitnews.com
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Nissan Motor is on a mission. 🚗💡 With a bold strategy to launch 30 new models by 2027—16 of which are new electric vehicles —the automaker is not just playing catch-up; it's setting the pace. Get all the details here ➡️ https://lnkd.in/gap3Fh9g This electrification push aims to skyrocket sales by 1 million vehicles, targeting a 6% operating profit margin and over 30% in shareholder returns. 📌 What do you think about this aggressive move by the Japanese automaker? 🤔💭
Nissan to Release 16 New EV Models by 2027 - Clean Energy Revolution
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Interesting read.
Yet another reason why my next car may well be a Hyundai. GM, Ford et al have pissed on their own chips - Who wants to buy an EV from an automaker that's not committed to electrification?
As others cry the blues, Hyundai announces record profit, keeps EV plans on track - Charged EVs
https://chargedevs.com
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⚡Tesla dominates European #EV market in February - A total of 202,542 EVs took to the road in Europe during February, recording a growth of 10% year on year. - This meant battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) accounted for 20% of deliveries in the overall market in February and the year-to-date. - BEVs achieved a 13% share of all passenger-car registrations during the month. The powertrain saw deliveries rise 10% year on year, despite a lack of mass-market EVs. Models that may help boost the sector, such as the Renault 5 and Citroen e-C3, are not yet available in Europe. - Additionally, many markets are still suffering from the ending of incentives. The negative incentive impact is expected to ease in the second quarter of 2024. - However, significant BEV growth is not predicted until the second half of the year. - Elsewhere, PHEVs registrations increased 9% year on year. Meanwhile, hybrids (including full and mild powertrains) enjoyed a surge of 24%. The technology accounted for 29% of all new-car registrations in February, meaning almost half of the European market is now electrified. - EV and hybrid growth has come at the expense of diesel, which endured a delivery drop of 5% compared to one year ago, holding 12% of the market. This contrasts with its 50% share in 2015. - Once again, the #Tesla Model Y was the best-selling EV in Europe, thanks to its 19,946 registrations in February. The mid-size crossover is expected to post similar results in the next few quarters, although it is not predicted to significantly improve on current volumes. Read the full analysis from José Pontes, data director at EV-volumes.com Volumes https://lnkd.in/exWAMujF #electricvehicles #europe #markets #automotiveindustry #news
Tesla dominates European EV market in February
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