Kia intends to sell 500,000 EVs annually by 2026
Kia Motors just announced its mid- to long-term strategy “Plan S” to “spearhead transition to EV, mobility solutions by 2025”, which will be supported by a 29 trillion won ($25 billion) investment. Kia intends to sell some 500,000 all-electric cars annually by 2026.
China says no significant cut in new energy vehicle subsidies in 2020
China will not make significant cuts to subsidies for new energy vehicles (NEV) this year, signalling that its policy will remain relatively stable, state media quoted the country’s industry ministry as saying on Saturday.
Orocobre Corporate Video – 2019
Subscribe to the Orocobre Limited YouTube channel for all the latest video updates. Despite the challenging global lithium market coupled with a turbulent Argentine economy, 2019 has been another year of achievement for Orocobre Limited with the Stage 2 Expansion project at the Olaroz Lithium Facility achieving a number of milestones including construction of new... View Article
July 22, 2019
BYD Company Ltd. (BYD) and Toyota Motor Corporation (Toyota) have signed an agreement for the joint development of battery electric vehicles (BEVs). The two parties will jointly develop sedans and low-floor SUVs as well as the onboard batteries for these vehicles and others with the aim to launch them in the Chinese market under the Toyota brand in the first half of the 2020s.
BYD was founded in 1995 as a battery business and has grown into a total energy solution company, manufacturing not only electrified vehicles but other products such as large-size energy storage cells. The company name BYD stands for “Build Your Dreams” and core parts for electrified vehicles such as batteries, motors and power electronics are among the products that BYD develops in-house. In 2008, BYD became the first company in the world to sell mass production of plug-in hybrid electrified vehicles (PHEVs). Since 2015 onwards, BYD’s sales of BEVs and PHEVs have been ranked first in the world for four consecutive years.
In 1997, Toyota became the first company in the world to launch mass production hybrid electrified vehicles (HEVs). Since then, it has become a pioneer of electrified vehicle development, and accumulated a rich array of technologies and experience in the development, production, and sales of electrified vehicles.
To curb global warming, both BYD and Toyota seek to reduce CO₂ emissions by promoting the widespread use of BEVs. To accomplish these goals, both companies believe there is a need to put aside their rivalry and collaborate; therefore, the two companies have agreed to jointly develop BEVs.
Going forward, BYD and Toyota will make use of the electrified vehicles, and battery development technologies they have acquired through their market introductions and will work together to further develop BEVs that are attractive to customers and in further promoting their widespread adoption.