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World's Largest EV Battery Producer CATL Expects up to 50% Growth This Year as Demand Soars

World's Largest EV Battery Producer CATL Expects up to 50% Growth This Year as Demand Soars

As demand for lithium-ion electric vehicle batteries increases, Chinese battery maker Contemporary Amperex Technology Limited (CATL), the world's largest automotive battery producer, announced that it expects its net profit for the first three quarters of 2019 to reach between $328 to $500 million.

Eric Walz2019-10-18 11:00 PT

Continental AG Powertrain Arm Rebrands as Vitesco Technologies, Supplying Electric Drive Units to Hyundai and Groupe PSA

Continental AG Powertrain Arm Rebrands as Vitesco Technologies, Supplying Electric Drive Units to Hyundai and Groupe PSA

Major OEM automotive supplier Continental AG has renamed its powertrain division Vitesco Technologies, as it gears up to build electric drivetrain components for the new crop of electric vehicles under development.

Eric Walz2019-10-16 16:45 PT

Volvo Unveils the XC40 Recharge, its First Fully-Electric SUV

Volvo Unveils the XC40 Recharge, its First Fully-Electric SUV

Swedish automaker Volvo unveiled its first ever electric SUV today, becoming the latest automaker to unveil a fully-electric model. The vehicle is called the XC40 Recharge and is the first model in Volvo’s new electric "Recharge" model lineup that will compete with luxury electric models from Tesla, Volkswagen and others.

Eric Walz2019-10-16 11:00 PT

Motiv Power Systems Raises $60 Million, Company is Converting Ford Trucks to Zero Emission EVs

Motiv Power Systems Raises $60 Million, Company is Converting Ford Trucks to Zero Emission EVs

The San Francisco Bay Area company Motiv Power Systems announced today it has secured $60 Million in new equity funding. The company is a provider of an all-electric medium-duty chassis for buses and trucks, which is used to convert the vehicles to run on battery power.

Eric Walz2019-10-15 16:30 PT

Hyundai Investing $35 Billion in Autonomous Driving, EVs & Connected Cars

Hyundai Investing $35 Billion in Autonomous Driving, EVs & Connected Cars

​South Korean automaker Hyundai Motor Group is investing billions in the development of electric vehicles, autonomous driving and connected car technology in a push to be more competitive as the auto industry moves towards electrification, autonomous driving and other mobility services.

FutureCar Staff 2019-10-15 11:00 PT

Porsche Debuts its More Affordable Taycan 4S Electric Sedan

Porsche Debuts its More Affordable Taycan 4S Electric Sedan

Today Porsche finally revealed the entry-level Taycan 4S for the first time, a more affordable version of the electric sports car that might become a serious rival to the Model S.

FutureCar Staff 2019-10-14 11:30 PT

Everything We Know About Ford’s Mustang-Inspired Electric Crossover

Everything We Know About Ford’s Mustang-Inspired Electric Crossover

Here's everything we know about the highly anticipated Mustang-inspired e-SUV.

Manish Kharinta2019-10-12 12:30 PT

Ford Motor Co Forms New Joint Venture with Indian Automaker Mahindra

Ford Motor Co Forms New Joint Venture with Indian Automaker Mahindra

Ford Motor Co announced today a new joint venture with Indian automaker Mahindra & Mahindra. The joint venture will distribute Ford branded vehicles in India, and both Ford and Mahindra vehicles in other “high-growth” markets around the world, Ford said.

FutureCar Staff 2019-10-01 11:45 PT

Uber & EVgo Sign MOU to Promote the Use of Electric Vehicles on Uber’s Platform

Uber & EVgo Sign MOU to Promote the Use of Electric Vehicles on Uber’s Platform

Ride-hailing giant Uber Technologies Inc and electric vehicle charging site operator EVgo have announced a new agreement to accelerate the electrification of ride-share vehicles across the U.S. Uber and EVgo will focus on supporting Uber’s driver-partners who currently drive electric vehicles with access to EVgo’s public fast charging network.

Eric Walz2019-09-26 10:30 PT

Electric Vehicle Startup Canoo is Looking to Reinvent the EV & Car Ownership Model

Electric Vehicle Startup Canoo is Looking to Reinvent the EV & Car Ownership Model

Los Angeles-based electric vehicle startup Canoo revealed its new electric vehicle that it hopes will change the way people get around. Canoo is also looking to reinventing the traditional car ownership model. The company’s first vehicle, simply called “Canoo” is not for sale, rather it's available only as a monthly subscription.

Eric Walz2019-09-25 17:30 PT

NIO Stock Falls to Record Lows as its EV Sales Slow in China, Cutting 1,000 Jobs

NIO Stock Falls to Record Lows as its EV Sales Slow in China, Cutting 1,000 Jobs

Electric vehicle startup NIO Inc is realizing just how hard breaking into the EV market can be. Once viewed as a serious rival to Tesla in China, NIO’s stock fell to record lows on Tuesday after the electric automaker reported a significant drop in vehicle sales in its home market.

Eric Walz2019-09-24 11:30 PT

ID.4 to be Volkswagen’s New U.S.-bound EV Crossover

ID.4 to be Volkswagen’s New U.S.-bound EV Crossover

Volkswagen is already working on introducing a new EV crossover aimed at the American market

Manish Kharinta2019-09-20 07:00 PT

Volkswagen Unveils its ID.3, the Electric Car That Will Take On Tesla

Volkswagen Unveils its ID.3, the Electric Car That Will Take On Tesla

On the evening before the International Motor Show (IAA) in Frankfurt yesterday, guests got the first detailed look at the new electric ID.3 hatchback, which represents a new era for the VW brand. The ID 3 is the first of many electric models VW plans to introduce and represents the automaker’s multi-billion dollar push to electrify its lineup.

FutureCar Staff 2019-09-10 19:00 PT

Electric Truckmaker Rivian Receives $350 Million Investment From Cox Automotive

Electric Truckmaker Rivian Receives $350 Million Investment From Cox Automotive

Electric truckmaker Rivian​ continues to secure major investments this year. The company announced on Tuesday that automotive services company Cox Automotive will make an equity investment of $350 million.

Eric Walz2019-09-10 12:30 PT

Bosch Inks Deal with China's CATL for 48-Volt Hybrid Vehicle Batteries

Bosch Inks Deal with China's CATL for 48-Volt Hybrid Vehicle Batteries

Germany auto supplier Robert Bosch is teaming up with Chinese battery cell producer Contemporary Amperex Technology Co (CATL) to develop high-performance battery cells for hybrid vehicles.

FutureCar Staff 2019-09-05 16:05 PT

Electrify America & EVgo Announce Agreement Giving EV Drivers Access to Each Company’s Charging Network

Electrify America & EVgo Announce Agreement Giving EV Drivers Access to Each Company’s Charging Network

Two of the biggest EV charging operators in the U.S., Electrify America LLC and EVgo, announced they are joining forces. Drivers will be able to access public chargers on either network without the hassle of having to register a new account or use multiple payment methods, which makes things a bit easier for drivers.

Eric Walz2019-08-22 10:05 PT

Ford Smart Mobility Subsidiary Autonomic Announces Partnership with Compact EV Maker Ayro Inc

Ford Smart Mobility Subsidiary Autonomic Announces Partnership with Compact EV Maker Ayro Inc

Autonomic, a wholly-owned subsidiary of Ford Smart Mobility announces a strategic partnership with Ayro, Inc. a designer and manufacturer of emissions-free, electric light-duty vehicles for commercial and consumer markets. Autonomic says it’s the first major partnership between a cloud platform and a maker of electric vehicles.

FutureCar Staff 2019-08-21 18:47 PT

NIO Co-founder and Former VP Resigns from the Company

NIO Co-founder and Former VP Resigns from the Company

The co-founder and former vice president of Chinese electric automaker NIO has resigned from the company. NIO was once considered one of China’s top electric car startups and a formidable challenger to Tesla in China.

FutureCar Staff 2019-08-15 16:13 PT

UK-based InstaVolt Deploys the Next Generation of ChargePoint Ultra-Fast EV Chargers

UK-based InstaVolt Deploys the Next Generation of ChargePoint Ultra-Fast EV Chargers

UK-based InstaVolt is starting to install new ChargePoint Express 250 high-powered chargers, capable of charging at rates up to 125kW.

Eric Walz2019-08-12 10:50 PT

Nissan and EVgo Expand Their EV Charging Network, Adding 200 DC Fast Chargers

Nissan and EVgo Expand Their EV Charging Network, Adding 200 DC Fast Chargers

Nissan Motor Co and EVgo are expanding their EV charging network in the U.S. with the installation of 200 direct current fast chargers (DCFC). Each of the new DC fast-chargers is capable of delivering 100kW and have both CHAdeMO and CCS connectors compatible with most newer EV models.

Eric Walz2019-08-06 09:45 PT

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