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GAC Aion’s Thailand plant will be built in two phases, with the first phase scheduled for completion in July 2024. (Rendering of GAC Aion’s Thailand plant. Image credit: GAC Aion) GAC Aion, the electric vehicle (EV) subsidiary of GAC Group, has begun construction of its plant in Thailand, its first overseas production site. The plant, located in Rayong province in Thailand’s Eastern Economic Corridor (EEC), broke ground on January 26 with a planned investment of THB 2.3 billion ($65 million), according to a statement today. The facility, with a designed capacity of 50,000 units per year, will be built in…
The BMW 5-Series lineup adds two more plug-in variants for the 2025 model year. The automaker confirmed Tuesday that the 2025 BMW 550e xDrive plug-in hybrid will join the lineup for the new model year, along with a third version of the all-electric BMW i5 that launched for 2024 as part of a redesigned 5-Series range. BMW slots the plug-in hybrid between gasoline 5-Series models and the i5. Its powertrain consists of a 3.0-liter turbocharged inline-6 engine and an 8-speed automatic transmission with an integrated electric motor. This combination sends 483 hp and 516 lb-ft of torque to all four…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! In an old World War II training film, the United States military tried to teach marines and soldiers how to avoid getting killed when fighting Imperial Japan. Instead of telling them what to do, they use the device of a captured Japanese fighter to explain why people get killed. Obviously, nobody wants to learn how to cause themselves big problems, but knowing how bad things happen can help you avoid them. So, it was cool to see Jason at the Engineering Explained YouTube channel…
BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years. (Image credit: BYD) BYD (OTCMKTS: BYDDF) has signed a major agreement in Hungary to build its NEV (NEV) plant in the European country. BYD signed a preliminary land purchase agreement with the government of the city of Szeged for its passenger car plant in Hungary on January 30, according to a statement by the Chinese NEV maker today. This is BYD’s first European passenger NEV plant and one of the largest and most important investment projects in…
Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices. Major Chinese lithium producers have previewed dismal 2023 financial results, with lithium prices experiencing an epic drop. Lithium producers, including Ganfeng Lithium, Tianqi Lithium, and Chengxin Lithium, expect their net profits in 2023 to be much lower than in 2022, with the common reason being the sharp drop in lithium prices. Ganfeng — the world’s largest lithium producer by market capitalization — expects net profit attributable to shareholders to be…
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available. Stories we discuss in this episode (with links): Subscribe to the Electrek Daily Channel on Youtube so you never miss a day of news Follow Mikey: Twitter @Mikey_Electric Listen & Subscribe: Share your thoughts! Drop us…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Battery swapping is considered a joke in North America, but in China, it is a real and growing business model. Nio was one of the first companies to start building battery swapping stations in China. Last year it added 995 new ones, bringing the total to 2,300. In all, it has completed more than 30 million battery swaps, including 430,000 in one week! It is also building battery swap stations in Norway. Two years ago, CATL, the world’s largest battery manufacturer, introduced its EVOGO…
The all-new Mini Aceman, which is basically the electric crossover version of the latest-generation Mini hatchback, is on the last leg of its development process after completing all the necessary tests in extreme temperatures. For extreme cold, engineers took the all-electric Aceman to the Arctic Circle to put the charging system, battery thermal management system, and electric motors to the test. Then, the battery-powered crossover was shipped to the desert to do the same–but this time in temperatures of up to 122 degrees Fahrenheit (50 degrees Celsius). Get Fully Charged Mini gets the Aceman EV ready for prime time The…
The biggest news out of General Motors’ Q4 2023 earnings call today wasn’t the earnings themselves, or the announcement that it’s still targeting profitable electric vehicles by the middle of this year, or that it expects another profitable year thanks to strong sales of gas-powered trucks and SUVs. No, the big news is literally between those things: GM is returning to the hybrid market it walked away from years ago. The news comes a mere day after the Wall Street Journal published a story about GM’s dealer network urging the automaker to return to electrified gas engines. Those dealers say the…
Hyundai Motor Company’s (Hyundai and Genesis brands) global vehicle sales in December amounted to 342,919, down 0.8% year-over-year. In 2023, the company sold 4,216,680 vehicles (up 6.9% year-over-year). Unfortunately, December brought relatively weak sales of plug-in electric cars (a fifth lower than a year ago), despite that, the year as a whole was still a record result. Get Fully Charged Hyundai EV sales hit new record in 2023 In 2023, Hyundai Motor’s global plug-in car sales exceeded 300,000, which is almost a third more than in 2022. This includes over 260,000 all-electric Hyundai and Genesis cars. Last month, the combined…