VW assigns $25 billion in battery orders in electric car drive - Reuters

ReutersVW assigns $25 billion in battery orders in electric car driveReutersfor its growing electric car programme, adding further pressure on U.S. pioneer Tesla (TSLA.O). Until its “die.....»»

Category: topSource: googlenewsMar 13th, 2018

Volkswagen assigns $25 billion in battery orders in electric car drive

BERLIN (Reuters) - Volkswagen has picked partners to provide battery cells and related technology worth around 20 billion euros ($25 billion) for its growing electric car program, adding further pressure on U.S. pioneer Tesla ......»»

Category: topSource: reutersMar 13th, 2018

Toyota to make over 10 battery EV models in early 2020s

TOKYO (Reuters) - Toyota Motor Corp on Monday said it will market more than 10 all-electric vehicle (EV) models globally in the early 2020s, and that investment to develop their batteries is likely to exceed $13 billion (1.5 trillion yen) through 2030......»»

Category: topSource: reutersDec 18th, 2017

VW to develop electric trucks in $1.7 billion technology drive

HAMBURG (Reuters) - Volkswagen AG will invest 1.4 billion euros ($1.7 billion) in new technologies including electric trucks and buses by 2022, VW's trucks chief Andreas Renschler said......»»

Category: topSource: reutersOct 11th, 2017

LG Chem denies media report of $6.2 billion Volkswagen battery deal

SEOUL (Reuters) - South Korean battery maker LG Chem Ltd denied on Tuesday a media report that it has signed a 7 trillion won ($6.20 billion) deal to supply electric vehicle batteries for Volkswagen AG ......»»

Category: topSource: reutersJun 12th, 2017

Ex-Tesla manager seeks $4 billion for Europe"s biggest battery plant

STOCKHOLM (Reuters) - A former Tesla executive is trying to raise at least $4 billion to build Europe's biggest battery factory in Sweden to meet an expected surge in demand as the region's automakers switch to electric vehicles......»»

Category: topSource: reutersMar 7th, 2017

Tesla obliged to pay $1.7 billion to Panasonic for gigafactory cells

(Reuters) - Tesla Motors Inc had an obligation to pay a total of about $1.7 billion to Japan's Panasonic Corp as of Sept. 30 for electric vehicle battery cells made at Tesla's gigafactory in Nevada, the carmaker said in a regulatory filing......»»

Category: topSource: reutersNov 2nd, 2016

VW brand says profitability drive faces cost risks

WOLFSBURG, Germany (Reuters) - Volkswagen's core autos division said costs for its electric-car program, technology and a new emissions testing procedure will stand in the way of major profitability gains this year and in future......»»

Category: topSource: reutersMar 14th, 2018

Volkswagen challenges Tesla, orders $25B in batteries as electric car push accelerates

Sixteen of Volkswagen's factories will be equipped to build battery-powered vehicles by the end of 2022......»»

Category: topSource: foxnewsMar 13th, 2018

VW Group has nailed down $25 billion of batteries for electric cars, it said today - Green Car Reports

Green Car ReportsVW Group has nailed down $25 billion of batteries for electric cars, it said todayGreen Car ReportsFor a company that has only two battery-electric models in production, both several years old, VW Group .....»»

Category: topSource: googlenewsMar 13th, 2018

Volkswagen Shocks Tesla With $25 Billion Battery Deal

Volkswagen Group announced Tuesday that it had signed agreements valued at around $25 billion for electric batteries as the automaker looks to offer some 300 electric vehicle models by 2025......»»

Category: blogSource: 247wallstMar 13th, 2018

As dieselgate lingers, VW speeds up push into EVs

Volkswagen has selected partners to provide battery cells and related technology worth around 20 billion euros for electric-vehicle projects in Europe and China, pushing ahead with a shift to zero-emission cars. Ivor Bennett reports......»»

Category: videoSource: reutersMar 13th, 2018

Volkswagen just gave Tesla a $25 billion battery shock

Volkswagen AG secured 20 billion euros ($25 billion) in battery supplies to underpin an aggressive push into electric cars in the coming years, putting pressure on Tesla Inc. as it struggles with production issues for the mainstream Model 3......»»

Category: topSource: moneycentralMar 13th, 2018

VW Secures $25 Billion Battery Supplies in Electric-Car Surge - Bloomberg

BloombergVW Secures $25 Billion Battery Supplies in Electric-Car SurgeBloombergAn electric charging socket sits on the Volkswagen AG (VW) e-Golf electric automobile production line at th.....»»

Category: topSource: googlenewsMar 13th, 2018

Fly Or Drive? Audi Unveils AI-Controlled Flying Smart-Car

Considerable improvements in battery technologies and technological advances in manned electric flight have spurred established automakers to begin examining the feasibility of flying automobiles, as both Audi a.....»»

Category: blogSource: zerohedgeMar 12th, 2018

Pressure mounts on Airbus A330 in widebody order battle

PARIS (Reuters) - Imminent airline decisions on $10 billion of wide-body plane orders could influence the fate of Airbus' A330neo even before the recently upgraded jet completes flight trials, industry sources said......»»

Category: topSource: reutersMar 6th, 2018

Daimler to invest 2.6 billion euros in trucks division by 2019

FRANKFURT (Reuters) - Daimler said it will invest 2.6 billion euros ($3.2 billion) in research and development at its trucks division by 2019, as part of a broader effort to mass produce electric heavy-duty commercial vehicles from 2021......»»

Category: topSource: reutersFeb 21st, 2018

Exclusive: GE exploring industrial gas engine business sale - sources

(Reuters) - General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter......»»

Category: topSource: reutersFeb 16th, 2018

VW looks at Apple for electric-car design guidance

BERLIN (Reuters) - Volkswagen is looking at Apple products for guidance on how to style its new generation of electric cars, its top designer said, as the automaker aims to turn profits on battery-powered vehicles when they launch in 2020......»»

Category: topSource: reutersFeb 15th, 2018

‘EV 2.0 will deliver ranges up to 400 km with same battery size’

Mahindra Electric, the electric vehicle (EV) arm of the multi-billion Mahindra & Mahindra Group, has been struggling and waiting for electrification of cars on the In.....»»

Category: topSource: thehindubusinesslineFeb 4th, 2018

Volkswagen"s Scania backs Northvolt"s $5 billion Swedish battery plant

STOCKHOLM (Reuters) - Volkswagen-owned truckmaker Scania will invest 10 million euros in Northvolt's more than 4 billion euro ($5 billion) project to build Europe's biggest battery plant in northern Sweden......»»

Category: topSource: reutersJan 25th, 2018