Electrifying Advances in the EV Market
The recent surge in the electric vehicle (EV) sector features significant developments, including Lotus opening U.S order books for its electric super SUV, the Eletre, with a sub-3-second sprint to 62 mph and two power levels, and plans to build all series electric models in its new $1.2-billion factory in China The Eletre R promises a robust 905 horsepower and deliveries to the U.S. commencing in Q4 2024 Meanwhile, Piedmont Lithium secures a key mining permit for its Carolina Lithium project in North Carolina, aiming to supply lithium hydroxide sustainably It reaffirms its commitment despite delays and an amended supply contract with Tesla, relying on initial deliveries from Canada. In addition, Taiwan-based Gogoro partners with TSMC to promote clean energy through new mobility initiatives, while LEVC prepares to launch the electric L380 minivan in the global market within the next two years The EV charging infrastructure in Europe faces challenges causing frustrations among EV drivers Additionally, Mobileye experiences a high demand for its EyeQ6 Lite assisted-driving chips with orders to ship 46 million units.
CustomCells aims to propel e-Aviation with safe, high-performance battery cells and seeks EASA certification VinFast reports a loss due to economic challenges but remains buoyant, targeting 100,000 EV deliveries in 2024 and expanding its presence in North America Zeekr, under Geely, ventures into Europe amid market obstacles.
BEDEO introduces its Reborn Electric: Icons program, electrifying classic cars, starting with the Land Rover Defender Battery manufacturing capacity is expected to soar according to BloombergNEF, hinting at more affordable EV battery prices ahead Concerns over lithium-ion battery fires have prompted Massachusetts to develop a checklist to provide better data for investigations, reflecting on potential safety considerations for battery technology.
In the industry, analyst Jil McIntosh reports on various automotive topics including EVs, and Google Maps integrates AI-generated directions to EV charging stations, complementing its suite of EV-friendly features International developments also make headlines as the wind industry installs a record capacity, the US Department of Energy proposes a roadmap to clear energy project backlogs, and AVL partners with Red Bull Advanced Technologies to design high-power density fuel cell technology Nio's Jia Dian app exceeds 5 million users, facilitating charging for multiple EV brands in China.
Lastly, researchers in Berlin propose a new charging algorithm that could double the service life of lithium-ion batteries, signifying a promising horizon for battery longevity in EVs.
