(Reuters) – The miniature motors that make iPhones buzz on silent helped power Japan’s Nidec to become a 1.5-trillion-yen ($14 billion) company.
In recent years, Nidec’s founder Shigenobu Nagamori has turned his attention to autos, and a technology which turns electricity stored in the battery into propulsion power.
This technology, called an e-axle or e-drive, is emerging as a new competitive front as the auto industry shifts to electric vehicles. By 2030, Nagamori says he wants a 35% slice of a global e-axle market that is forecast to be worth $20-30 billion a year by then, up from an estimated $2.8-$3 billion now.
He is betting that electric cars will follow the same route as room aircons, washing machines and computers, with key components, such as motor systems and central processing units, standardized and supplied by a few dominant tech firms.
Amazon Prime Day 2020’s second day of deals has officially begun in the UK and − with it − more laptop, tablet, TV and tech deals to choose from than there were yesterday.
Worried you might have missed out on one of yesterday’s bargains? Don’t worry, we’re here to bring you by-the-moment updates on the best Prime Day deals on offer today.
For those of you who missed all the fun on the first day of Prime Day, make sure you’re signed up for a free 30-day trial to Amazon Prime before you shop. You need to be a member to take advantage of this year’s Prime Day deals but, handily, membership also comes with unlimited one-day delivery on millions of items, all Prime Video content so you can watch popular shows like The Boys and The Marvellous Mrs Maisel, and more.
(Bloomberg) — Sales of electric vehicles in Europe are growing at such a pace that the continent looks increasingly likely to outpace China in the near future.
That’s one of the findings of a report released Tuesday by London-based automotive research firm Jato Dynamics. However, it found that Europe and the U.S. still have a few things to learn from China, the world’s biggest EV market, including prioritizing affordability, centralizing planning, and using data to better understand consumers.
Demand for cleaner and smarter cars is rising globally, particularly in Europe where the market has been bolstered by tighter emissions regulations along with an increasing awareness of climate change. EV sales in Europe in the first half exceeded China for the first time since 2015.
Although the coronavirus pandemic hurt all car sales, including EVs, which fell 15% globally in the second quarter, the market for electric vehicles is
SINGAPORE (Reuters) – South Korea’s Hyundai Motor Co started construction on a research and development centre in Singapore on Tuesday that will house a small-scale electric vehicle production facility.
Speaking at the groundbreaking ceremony, Singapore Prime Minister Lee Hsien Loong said the facility may produce up to 30,000 electric vehicles (EVs) annually by 2025 and represents an investment of S$400 million ($295 million).
Singapore is one of the world’s most expensive places to buy a car and does not currently have any auto manufacturing capacity. But the wealthy city-state has set out ambitious plans to phase out petrol vehicles by 2040.
“Automotive activities are becoming viable in Singapore once again. EVs have a different supply chain, fewer mechanical parts and more electronics, which plays to Singapore’s strengths,” PM Lee said.
A Hyundai spokeswoman confirmed the 30,000 unit target but said that the exact capacity was yet to be determined. The
When it comes to the future of electric vehicles, should automakers worry less about batteries and drivetrains and more about what gets built right on top of them? Israeli startup REE Automotive thinks so. It has now prototyped a range of heavy-duty skateboard-style beds capable of carrying up to 7 tons for car and van designers to add their own ideas on top of.
It was only nine years ago that the first won’t-break-the-bank electric cars arrived.
Those non-Tesla EVs — like the Nissan Leaf and Chevy Volt — weren’t priced at $80,000 like the Model S and the first- and second- generations of those cars have been hitting the used car market over the last several years.
And with a Long Range 2020 Tesla Model 3 starting at about $47,000, “dirt cheap” for an EV is anything under $20,000.
A couple of the better sites for used EVs are MYEV and CarGurus.
Most of the used EVs cited below are first- and second-generation electrics that were sold roughly between 2011 and 2017.
Calix selects Conexon as the first Elite Partner in the consulting category of the Calix Partner Community, aligning both organizations around the urgent need to deliver broadband to underserved rural communities throughout the U.S.
Calix, Inc. (NYSE: CALX) today announced a formal partnership with full-service broadband consulting firm, Conexon, which it has named an Elite Consulting Engineering Partner, the founding member of the consulting category of the Calix Partner Community. The terms of the relationship provide Conexon customers access to the entire Calix product portfolio—both Revenue EDGE and Intelligent Access EDGE solutions, along with the full set of Calix Services—which means electric cooperatives that work with Conexon can also leverage Calix solutions to build future-proof networks that will help their communities thrive for decades to come.
Currently more than a quarter of the 800-plus electric cooperatives serving rural areas are deploying broadband services, and the federal government has made billions
As Amazon (AMZN) continues the expansion of its delivery fleet, the online retailer has revealed its electric delivery van developed in partnership with Rivian.
The all-electric vans have begun to arrive just a year after Amazon made a commitment to be net-zero carbon by 2040. The company has plans to take delivery of 100,000 electric vans from Rivian by 2030, with 10,000 expected to be on the roads by 2022.
The Rivian vans were developed to “enhance the driver experience and optimize safety” with a customized configuration that comes in three different models. The vans feature sensor detection, highway and traffic assist features, larger windshield, exterior cameras with digital display, Alexa integration, stronger door design, interior “dancefloor” for added space, multiple tail lights, and three levels of shelving to store packages.
“When we set out to create our first customized electric delivery vehicle with Rivian, we knew that it needed
Amazon is lifting the hood on one of three custom-designed electric delivery vans it built in partnership with Rivian.
The new vehicle is 100% electric and features various technology such as sensor detection, exterior cameras that provide 360-degree views, Alexa voice integration, and more.
“We combined Rivian’s technology with our delivery logistics knowledge, and the result is what you see here-the future of last mile delivery,” Ross Rachey, director of Amazon’s Global Fleet and Products, said in a blog post.
Rachey noted that Amazon is working to build technology that supports physical charging infrastructure and “enhancements and optimization of our delivery stations.”
Amazon last year announced plans to purchase 100,000 electric vans from Rivian to bolster its delivery fleet; it is also a major investor in the Irvine, Calif.-based company. Amazon led a $700 million round for Rivian last year.
Foxconn Technology, the world’s biggest contract assembler of consumer electronics and main assembler of Apple products, says it has joined forces with a fellow Taiwanese hardware firm to delve further into electric vehicle production as the global market is set to grow.
The assembler founded by one of Taiwan’s richest people, billionaire Terry Gou, formed a “strategic alliance” with Yageo Group, Foxconn announced last week. The alliance will advance Foxconn’s fledgling electric vehicle business by sharing Yageo’s years of experience in EV components along with its knowhow in 5G technology and semiconductor packaging, the statement says.
“Through the cooperation with Hon Hai Group, we are able to enlarge mutual technological benefits and resource sharing to maximize the value of both groups and see multiple growths in the