Automobile – Page 199 – Sidevalve EV News

GAC – Toyota plans to increase plug-in production

May 7, 2019 Chris Randall Syndicated Comments Off

The Chinese joint venture between GAC and Toyota is planning to invest 11.3 billion yuan (around 1.5 billion euros) in expanding production capacities for plug-in vehicles. It is planned to expand the current capacity of 480,000 units per year by an additional 400,000 per year by 2022. GAC Toyota is headquartered in Guangzhou and in […]

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Byton gathers millions in financing with FAW as main investor

May 7, 2019 Chris Randall Syndicated Comments Off

The Chinese electric car startup Byton is about to complete a 500 million dollar financing round, which will be led by China’s state-owned car manufacturer FAW with approximately 100 million dollars. Bloomberg reports this with reference insiders familiar with the situation. FAW had already invested around 260 million dollars in Byton last year. The value […]

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Model 3 leasing from $399 / Tesla in Iceland + Czechia

May 6, 2019 Nora Manthey Syndicated Comments Off

With Tesla having launched the new Model 3 leasing scheme only about a month ago, the first changes adjust the monthly rate as well as a down payment – favourably so for those in the States. Meanwhile, new stores to open in Europe. The new monthly rate for a base level Tesla Model 3 starts […]

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Volvo & Polestar count separately for US EV tax credit

May 6, 2019 Chris Randall Syndicated Comments Off

The fully electric Volvo subsidiary Polestar has qualified for the $7,500 federal tax credit in the USA separately from their mother company, meaning that each will be allowed to sell 200,000 vehicles before the credit runs out. While the Polestar 2, which is planned for 2021, will look significantly like a Volvo, the IRS tax […]

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Mercedes launches EQC sales

May 6, 2019 Chris Randall Syndicated Comments Off

Mercedes-Benz has started production and sales of their new EQC. The electric model is now rolling off the assembly line at the plant in Bremen and can be ordered immediately at prices starting at 71,281 euros. However, initially only a special edition of the electric model will be available. Mercedes emphasized that even the basic […]

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FCA deal to buy CO2 credits from Tesla going ahead

May 5, 2019 Nora Manthey Syndicated Comments Off

Fiat Chrysler Automotives will purchase CO2 credits from Tesla to help it hit carbon dioxide goals and avoid hefty fines in the US and Europe. The cost of this greenwashing is estimated at close to two billion euros. The Financial Times broke news on the deal that had made it into our humorous Short Circuit […]

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Hyundai Kona Electric car supply running low in Europe

May 5, 2019 Nora Manthey Syndicated Comments Off

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Hyundai exhibits problems to deliver the Kona Electric as the configurator is currently out of order in Germany due to the change over to the new model year. In other countries, orders are still possible but in places like the UK or Norway, the allocation is sold out. A quick look at the configurator reveals […]

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Hyundai upgrades all Ioniq versions, BEV with more range

May 5, 2019 Nora Manthey Syndicated Comments Off

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Hyundai reveals details of the latest Ioniq edition that is expected in hybrid and plug-in hybrid variants in Europe from July, followed by the new all-electric Ioniq in September. The most important innovation is the BEV updated battery capacity. Hyundai had envisioned the Ioniq from the start to enable all forms of electrification. The updated […]

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Europe: VW launches e-mobility campaign a year early

May 5, 2019 Nora Manthey Syndicated Comments Off

Das Auto is to be battery-electric Volkswagen keeps saying and yet, we’ve been waiting for more models to arrive. To shorten the wait or perhaps to say that there is one coming, the VW brand will launch a multi-million euro campaign to promote the ID. electric vehicle ahead of its market launch. Starting on Wednesday, […]

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Tesla looking to raise $2 billion in fresh capital

May 2, 2019 Nora Manthey Syndicated Comments Off

Tesla filed for an offering of common stock and convertible notes and indicated that it would raise up to 2 billion dollars. $650 million are to come in the form of new equity and the other $1.35 billion in convertible notes. Also, Elon Musk will acquire $10 million in shares. News of the CEO buying […]

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