Automakers shift up gear in races to go to electricity

File Photo: Foxtron Model C Electric Vehicle (EV) was unveiled at the Foxconn event in Taipei, Taiwan on October 18, 2021. REUTERS / Fabian Hamacher / File Photo

October 18, 2021

By Nick Carey

London (Reuters) – As electric vehicle sales surge and regulations increasingly favor zero-emission vehicles, the surge announced on Monday is a global vehicle competing to speed up fossil fuel vehicles. It showed how the industry accelerated.

Born from the merger of PSA and Fiat Chrysler earlier this year as part of its own € 30 billion ($ 34.7 billion) electrification plan, Stellantis will work with battery maker LG Energy Solution to build battery cells and modules. He said he had signed a preliminary contract. North America, the world’s fourth-largest automaker, predicts that more than 40% of US sales will be electric vehicles (EVs) by 2030.

This follows the recent announcement that Daimler AG will acquire a 33% stake in Automotive Cells Company (ACC), a battery cell manufacturer founded in 2020 by Stellantis and TotalEnergies in 2020.

Automakers are competing to secure battery supplies when switching to electricity, with dozens of new battery factories planned across Europe and the United States.

Ford Motor Co’s European electric vehicle plans are up to £ 230 million (300 million) to remodel an engine plant in northern England to produce electric vehicle power units instead of combustion engine transmissions. It was boosted on Monday as it announced that it would invest ($ 16 million). ..

The second-largest automaker in the United States states that its European car lineup will be fully electric by 2030.

Ford’s announcement is the labor to build fossil fuel engines at the Halewood plant near Liverpool, as companies like the Mercedes-Benz Daimler maker warn that the move to electricity will sacrifice work at the combustion engine plant. It is a boost for those who.

The move to electricity is accompanied by changes in the automotive industry, and many start-ups want to become the next Tesla.

This has caught the attention of Taiwan’s Foxconn, which has an ambitious plan to diversify away from its role in building appliances for Apple Inc and other tech companies.

In fact, Foxconn announced on Monday the first three EV prototypes (SUVs, sedans and buses) manufactured by Foxconn, a venture between Foxconn and Taiwanese automaker Yulon Automobile.

EV ambitions were first mentioned in less than two years and moved relatively quickly. This year, we announced an automobile manufacturing agreement between US startup Fisker Inc and Thai energy group PTTPcl.

The need for speed was also why Volkswagen AG had Tesla CEO Elon Musk address the executives of a German carmaker over the weekend.

Volkswagen CEO Herbert Diess did not keep his ambition to chase and overtake Tesla, the world’s leading electric car maker.

But in a LinkedIn post, Dís invited Musk as a “surprise guest” and needed faster decisions and less bureaucracy for what VW called the biggest change in the company’s history. He emphasized that there is.

(Report by Nick Carey; edited by Bernadette Baum)

Automakers shift up gear in races to go to electricity

Source link Automakers shift up gear in races to go to electricity

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