BMW Signs $2 Billion Battery Supply Contract With Northvolt
BMW has committed to buying $2 billion worth of sustainably manufactured batteries from Northvolt, with deliveries expected to begin in 2024.
BMW has committed to buying $2 billion worth of sustainably manufactured batteries from Northvolt, with deliveries expected to begin in 2024.
The US Department of Energy is determined to kill off gasmobiles with more $$ to speed up electric vehicle charging, by building better batteries.
The BMW iX3 shares the same platform as the plug-in hybrid, the mild hybrid, and the fossil fuel X3 models. The iX3 will be built at the BMW/Brilliance Automotive joint venture plant in China where BMW has been producing the X3. BMW also produces the X3 in Rosslyn, Pretoria, South Africa. Since they share the same platform, we hope in the long run BMW can start to also build the iX3 in Pretoria.
Early this morning in Munich, BMW Chairman Oliver Zipse presented an update on the BMW iX3 full electric SUV due out later this year.
A secret and never written codex has been defined in the last 100 years that describes the relationship between the German auto industry and the government. Everybody follows the codex and its rules, but no one talks about it.
Sweden remains an odd plug-in vehicle market in which plug-in hybrids heavily outweigh full electrics. Part of that may be because Volvo Cars only sells plug-in hybrids so far, and Volvo is sort of popular in Sweden.
Portugal is a somewhat surprising bright spot in the electric vehicle market. It has one of the highest EV market shares (share of its overall auto market) in the world, yet is not a very wealthy nation like Norway of the Netherlands. And it’s EV market share hasn’t popped all of a sudden. The country has been doing well consistently for a while.
In what seems to be an obvious snub toward electric vehicles, Audi’s new CEO, Markus Duesmann, said the company will continue to “massively” invest in combustion engines.
Norway continues to be a shining star in the electric vehicle world. In the first half of the year, 48% of automobiles sold in the country were fully electric, a global record for EV market share. Plug-in vehicles represented 69% of auto sales, another global record.
Tesla Model 3 Keeps #1 Position, while Plugin Vehicle Market Share Hits 16% in June