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Tag: electric vehicle (page 1 of 1)

Hyundai powers EV race with car battery that can run electronics

Hyundai’s electric car Ioniq 5 has bi-directional charging, which allows owners to power electronic devices from the car battery. Conventional car batteries can be used to charge laptops and smartphones only and drain quickly if plugged into anything more powerful — portable fridge, sound system etc. The car comes with the option to install a solar-panel roof to charge the battery, giving the EV an additional driving range of about 1,300 km annually.

Xiaomi plans to invest $10 bn into EVs, Co-founder Lei Jun to lead department

Xiaomi to invest about $10 bn over the next 10 years in the manufacturing of electric cars. The billionaire co-founder of Xiaomi Lei Jun will lead the new standalone vertical and spearhead the smartphone manufacture’s entry into the huge but unfamiliar and competitive territory. Initially, Xiaomi will invest $1.5 bn in the manufacturing of smart vehicle and ramp it up rapidly in the years to come. Xiaomi’s stock rose 6.1% Wednesday in Hong Kong.

Xiaomi to make EVs using Great Wall’s plant: Reports

Xiaomi plans to make Electric vehicles by using Great Wall Motor’s factory in China, The China-based firm has become the latest entry of a tech company into the smart mobility race. Xiaomi, one of the world’s leading smartphone manufacture, is in the final rounds of talks with the Great Wall, which will provide engineering consultancy to accelerate the project, to make EVs under its own brand name. Great Wall, in the past, has never offered manufacturing services to other firms.

Hyundai is in early talks with Apple, shares surge 7 years high

Hyundai is in early talks with Apple to cooperate on EV and batteries. The news made Hyundai’s shares surge 24% to hit seven years high. “Apple and Hyundai are in discussions but they are at an early stage and nothing has been decided,” Hyundai said in a statement. Details about the talks with Apple were not disclosed. The two companies work together on CarPlay, Apple’s software for connecting iPhones to vehicles from a variety of automakers.

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Apple Car may not see daylight before 2028: Analyst

Ming-Chi Kuo, a credible analyst, has asked investors not to believe the new report suggesting the Apple car will launch by 2024. He gave three major reasons for it 1) uncertain “launch schedule” 2) Apple’s current competitiveness in the EV/self-driving market 3) Lack of information about the product/ suppliers. In best of the scenario, the product may see the light of around 2025-2027, and considering Apple’s high-quality standards it could go even 2028.