Evergrande earns half a billion dollars via shares

Evergrande New Energy Vehicle, the NEV offshoot of the Chinese Evergrande Group, has raised around half a billion US dollars in fresh capital by selling treasury shares to a number of external investors. Among the investors are prominent names like Tencent and Didi Chuxing. Specifically, the deal involves 176.58 million existing shares for at least […]

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VW confirms Zellmer as new board member

Jürgen Stackmann, member of the Board of Management of the VW brand, has left the Volkswagen Group with immediate effect. Since September 15, the new Board Member for Sales has been Klaus Zellmer, previously head of Porsche Cars North America. Brand CEO Ralf Brandstätter officially thanked Stackmann for his “commitment and competence” with which the […]

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Kia plans seven different BEV models by 2027

Kia has published an update on its electrical strategy, which builds on the ‘Plan S’ presented in January. Some of the targets set at that time have now been watered down again. For this purpose, there is a first sketch of the electric sedan starting in 2021. To sum up: After Hyundai had already presented […]

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Cupra & ABT to enter as a single team in Extreme E

The Seat brand Cupra is entering the electric racing series Extreme E together with ABT Sportsline. Just a few days ago the six-time Formula 1 world champion Lewis Hamilton founded his own racing team called X44, which will also make its debut in the new electric off-road racing series. The first round of the Extreme […]

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Jaguar F-Pace now available as plug-in hybrid

Jaguar has reworked their F-Pace and for the new model year is giving the SUV a plug-in hybrid version and mild hybrid technology for the first time. The PHEV variant is designated F-Pace P400e and is intended to offer a standard electric range of up to 33 miles. Further details on the F-Pace P400e are […]

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Chinese Model 3 subject to a few upgrades

Tesla is apparently preparing some upgrades for the Model 3 – at least as far as the version produced in China is concerned. Besides a reworked frunk and steering wheel as well as an electric tailgate there are some indications that the electric sedan will also get a heat pump. For the latter speaks among […]

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SAIC announces fuel cell lineup

The Chinese manufacturer SAIC has announced that it will bring at least ten fuel cell models to market within the next five years. With these vehicles, SAIC aims to achieve annual sales of more than 10,000 units by 2025. According to local media, this sales volume would correspond to a share of more than ten […]

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Land Rover Defender to release as plug-in hybrid in 2021

Land Rover has announced a new model year of the Defender, which will be offered as a plug-in hybrid for the first time. The 297 kW engine, which is sold under the name P400e, is essentially already familiar from other models of the manufacturer. The Plug-in Hybrid will feature a two-litre four-cylinder petrol engine and […]

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Tesla’s Shanghai plant expansion ahead of schedule

Reports from China indicate that Tesla has completed the main sections of the expansion of its Shanghai plant. The expansion, which will facilitate the production of Model Y, is expected to be completed in October or November. It is therefore possible that production of the Model Y in China will start this year, rather than […]

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GM to manufacture for Nikola Motor in the US

General Motors and Nikola have agreed on a strategic partnership, which sees GM taking an eleven per cent stake in the US startup. With this agreement, GM will become Nikola’s US manufacturing partner starting with the much anticipated zero-emission pickup Badger. GM will manufacture both the BEV and the fuel cell version of the Badger […]

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