Umicore blames chinas electric vehicle market for profits warning

“You have to think about your car kind of like your cell phone. You come in at night and you plug it in and in the morning you wake up. You haven’t spent any additional time, but you wake up and you have a full battery in your cell phone and you just go about your day. And that’s the same thing with the electric car. I have a charger at home and I just plug it in when I get home. I wake up with plenty to get around,” he says. … [Read more...] about No Longer A Gimmick, Car Manufacturers Seriously Looking At Electric Vehicles As Future Of Industry

StoreDot CEO Doron Myersdorf explains that their "team of top scientists has overcome inherent challenges of extreme fast charging (XFC) such as safety, cycle life and swelling by harnessing innovative materials and cell design. [...] This paves the way for the launch of our second-generation, silicon-dominant anode prototype battery for electric vehicles later this year." … [Read more...] about New StoreDot battery promises electric vehicles that can fully recharge in five minutes

The online China Economic newspaper says Tesla also plans to invest $6.4 million in the construction of a supercharger manufacturing plant in Shanghai with an initial planned annual production capacity of 10,000 superchargers. It is expected to be operational in the first quarter of 2021. … [Read more...] about U.S. Automaker Tesla Unveils New Electric Vehicle Made Exclusively in China

NEW DELHI: Italian automobile manufacturer Piaggio plans to launch electric three-wheelers in the ongoing quarter to cater to the growing demand in the e-commerce business segment. “We will have three launches: cargo fixed battery electric vehicle, cargo swappable battery, and passenger fixed battery three-wheelers,” a top official of the company told ETAuto. Saju E S Nair, executive vice president, Piaggio Group, said, “Major growth is coming from the e-commerce segment, and it is highly visible. Apart from e-commerce, demand is coming from municipal corporations, government departments, FMCG and water bottling companies.” In terms of market share, “We are at 48% right now for this year, and we intend to defend it and even grow a little bit too, say, 50%. In the overall three-wheeler space, we are at 29%. So, we again intend to retain and slightly grow to, maybe, around 30%,” Saju said.Since February 2020, when COVID-19 hit the Indian shores, the … [Read more...] about Piaggio bets big on e-commerce biz; plans to bring electric three-wheelers in the segment

Before leaving office, Pompeo, also an outspoken critic of China, released a statement accusing the Chinese government of genocide and crimes against humanity—charges the Chinese government has denied—because of the country's treatment of Uighurs and other ethnic minorities. It was the final move in what had become an increasingly tense relationship between the Trump administration and China. … [Read more...] about China Imposes Sanctions on Pompeo, Other Trump Administration Figures