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Mitsubishi Corporation (MC) embarks on a groundbreaking lithium market venture, teaming up with Frontier Lithium, a pivotal player in Canadian mining. This collaboration aims to propel the PAK Lithium Project, situated in Ontario, Canada, into a leading position within MC’s investment portfolio as its first foray into lithium mining. Through this agreement, MC secures a 7.5% stake in a joint venture established for the PAK Project against a cash consideration of 25 million CAD, retaining the option to elevate its equity interest to 25%. This strategic initiative reflects MC’s confidence in the PAK Project’s stature as one of the premier…

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Audi inaugurates a novel charging hub on Frankfurt’s Orber Straße, catering to electric vehicles from any manufacturer. This hub boasts four high-power charging (HPC) stations, enabling rapid charging at up to 320 kW. Next to this modern facility, visitors can immerse themselves in Klassikstadt Frankfurt, a venue celebrated for its collection of vintage and contemporary classic cars, housed within a heritage-listed factory. Here, guests can savor a variety of snacks, beverages, and hot meals in a stylish and comfortable environment while their vehicles charge. Marking Audi’s sixth venture into charging hubs, this Frankfurt installment stands out for its commitment to…

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Dayco, the esteemed entity in engine product and drive systems innovation for automotive, industrial, and aftermarket realms, heralded the commencement of high-grade drive belt production at its newly inaugurated facility in San Luis Potosí, Mexico. This development signifies a substantial leap in Dayco’s manufacturing prowess, reinforcing its presence across North America and echoing its commitment to worldwide operational excellence. The narrative of this milestone began toward 2022’s close, with Dayco’s announcement regarding its investment in the San Luis Potosí site, dedicated to fabricating original equipment quality drive belts of global renown. The construction phase surpassed expectations in efficiency, culminating in…

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BMW Group embarks on a pivotal journey towards sustainable mobility and localized manufacturing with the commencement of its state-of-the-art local manufacturing facility for Gen-5 high-voltage battery, situated in Rayong, Thailand. This significant venture was inaugurated with a ceremony featuring Milan Nedeljković, Board Member for Production at BMW AG, alongside Thai government officials and the German ambassador to Thailand, Ernst Reichel. This development marks a strategic expansion in BMW Group’s production capabilities, targeting the initiation of Battery Electric Vehicles (BEVs) production by the latter half of 2025. Milan Nedeljković, during the event, articulated the strategy as a crucial progression in BMW…

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The lineage of the McLaren P1 hypercar readies its next chapter. A recent dispatch indicates the P1’s progeny, provisionally dubbed the P18, will grace the automotive stage by late 2024. This forthcoming marvel breaks tradition with a pioneering, lightweight plug-in hybrid mechanism anchored by a V8 engine. Expectations surge for a drivetrain poised to unleash over 1,000 horsepower, courtesy of an avant-garde V8 engine. Details on the propulsion configuration remain veiled, yet revelations confirm a significant reduction in weight—circa 70% lighter than McLaren’s extant systems. Choosing to sidestep a fully electric blueprint, McLaren asserts that embodying its quintessential agility necessitates…

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AVVENIRE, a visionary EV start-up from the United States, has unveiled the TECTUS, an electric mobility scooter that promises to redefine urban and off-road transportation. Aimed primarily at senior citizens and individuals with limited mobility, the TECTUS is available in two configurations: Deluxe and Ultimate, each designed to cater to diverse user requirements and preferences. The TECTUS distinguishes itself with a climate-controlled enclosed cabin and a powerful dual-motor all-wheel-drive (AWD) system, elevating both comfort and performance. Powered by a 2kW electric motor, it achieves speeds up to 32km/h. The scooter offers a choice between a 2.4kWh and a 5.4kWh lithium-ion…

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Beijing’s own Li Auto has recently unveiled a marvel in the electric vehicle (EV) sphere, deemed the world’s largest EV, aptly named the ‘Mega’. This behemoth targets the expansive family market within China, aiming to dominate the densely populated automotive landscape. A Behemoth of Innovation and Luxury The Mega lives up to its name with staggering dimensions: stretching 17.5 feet in length, standing 6.44 feet wide, and 6.1 feet tall, with a wheelbase that measures an impressive 10.82 feet. This seven-seater isn’t just about size; it boasts a plush and spacious interior designed to deliver unparalleled comfort and luxury. Equipped…

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BYD has launched the Dolphin Mini in Mexico, marking a pivotal moment in the global electric auto industry. Known elsewhere as the BYD Seagull, this compact, budget-friendly electric car arrives courtesy of the world’s premier plugin vehicle manufacturer, poised to significantly alter consumer perceptions about EV ownership. The Dolphin Mini’s introduction underscores a broader commitment to sustainable transportation solutions, offering a practical, eco-friendly alternative at a price point previously unseen in the electric car domain. Priced remarkably at MXN$358,800 (around $21,000), the Dolphin Mini delivers an impressive 190 miles (305 km) range per charge. An upgraded variant, the Dolphin Mini…

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Kia America’s strategic unveiling at Work Truck Week, hosted at the Indiana Convention Center, Indianapolis, on March 6-7, 2024, marks an audacious entry into the commercial vehicle domain. This initiative underscores Kia’s allegiance to electrification and sustainable mobility, introducing two groundbreaking Platform Beyond Vehicles (PBVs), the PV5 and PV7, that promise to redefine industry standards. Steven Center, COO & EVP of Kia America, articulated the company’s ambition to lead in sustainable mobility, “Kia’s exciting foray into this important segment of the overall industry represents our steadfast commitment to the electrification of transportation and aligns perfectly with our Plan S strategy…

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ZF has revealed its inaugural zero-emission factory located in Klasterec, Czech Republic, marking a significant milestone for the automotive and technology sectors. This unveil follows an intensive renovation period of nearly eighteen months, positioning the plant as a leader in sustainable manufacturing. Integral to ZF’s Electrified Powertrain Technology division, this move plays a crucial role in the company’s ambitious goal to achieve complete climate neutrality across its entire value chain by 2040. The Klasterec facility, operational since 1992 and situated approximately 100 kilometers northwest of Prague, employs nearly 700 individuals. Specializing in the production of power electronic components for electric…

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