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Electric Vehicle Industry Weekly Report

In this week’s electric vehicle (EV) industry report, we highlight significant developments and collaborations that continue to shape the landscape of sustainable transportation and green technology. Here are the key highlights:

New Electric Vehicle Models

  1. Avita 12: Avita introduced its luxurious mid-sized electric car, the Avita 12, featuring extended wheelbases and both two-wheel-drive and four-wheel-drive versions. The four-wheel-drive model is powered by Huawei’s DriveONE dual-motor system with a maximum power output of 230 kW, coupled with a NEDC lithium battery pack.
  2. BYD Sea Lion DM-i: A mid-sized vehicle offering two powertrain options and up to 200 km of all-electric range using plug-in hybrid technology.
  3. Lynk & Co 08 PHEV: Lynk & Co presented the 08 PHEV, a mid-sized plug-in hybrid SUV with maximum all-electric range of 245 km.
  4. Chery eQ7: Chery’s eQ7 is an all-electric SUV with an impressive range of 512 km, offering various driving and steering modes.
  5. Nezha X: Nezha unveiled a new SUV concept targeting a younger demographic with a blend of sporty elements and cutting-edge technology.
  6. Leapmotor C10: The mid-sized Leapmotor C10 offers both extended-range and all-electric powertrains, with plans for global market distribution.
  7. Volkswagen ID.7: Volkswagen’s ID.7 is an electric vehicle available in rear-wheel-drive and all-wheel-drive versions, boasting a 210 kW electric motor and long-range capabilities.
  8. Ford Mustang Rally Edition: An upgraded electric SUV featuring four-wheel drive and a powerful 487 hp motor with a rally driving mode.
  9. Toyota Hilux Hydrogen Fuel Cell Vehicle: Toyota unveiled its first hydrogen fuel cell vehicle with a range of 587 km, currently in the prototype stage.
  10. Opel Corsa-e: Opel’s Corsa-e is a compact all-electric car with a 136 hp electric motor and a range of 357 km.

Battery Manufacturing Joint Venture

Cummins, Daimler Trucks & Buses US Holding, and PACCAR announced the establishment of a joint venture with EVE Energy, aiming to produce battery cells in the U.S., especially focusing on LFP battery technology. Each of these three companies holds a 30% stake in the joint venture, with EVE Energy holding a 10% stake. They plan to invest between 20 and 30 billion USD to build a battery cell production facility with a capacity of 21 GWh, pending regulatory approvals.

New EV Components Manufacturing Plant in Hungary

LG Electronics and Magna International formed LG Magna e-Powertrain, with plans to establish an electric vehicle component manufacturing facility in Hungary. Production will commence in 2026, initially focusing on electric drive motors, and expand to meet the demands of the European market.

Advanced Battery Technologies

  • Samsung SDI unveiled high-performance Lithium Manganese Iron Phosphate (LMFP) batteries with an innovative “side cell” design, enhancing battery thermal safety.
  • Bosch introduced a powertrain solution based on 800V technology, initially to be used in a new 800V electric vehicle platform from a Chinese automaker.
  • Valeo will supply its EMR3 electric drive system to Honda’s new B-segment all-electric SUV, allowing the vehicle to reach a top speed of 160 km/h.

Sustainability Initiatives

  • Rheinmetall Automotive’s European subsidiary launched in Germany with a carbon-neutral roadmap aiming for carbon neutrality in 2026, leveraging energy efficiency, emissions reduction, and clean energy alternatives.
  • BorgWarner announced a collaboration with STMicroelectronics to use silicon carbide power MOSFETs for electric vehicle traction inverters.
  • Schaeffler introduced a new generation of fuel cell bipolar plates to increase power density in fuel cell stacks.
  • McLaren Applied Technologies unveiled the highly flexible 800V silicon carbide inverter IPG5-x, addressing OEM demand for high performance and integrated EDUs.
  • WAE Technologies introduced the high-performance hydrogen fuel cell EV platform EVRh, emphasizing the potential of hydrogen hybrid systems.
  • The Canadian government revealed plans for a $700 million investment in a copper foil factory for electric vehicle battery production in Quebec, a subsidiary of Solus Advanced Materials.

New Battery Management Systems and Technologies

  • Eberspaecher launched its AC138 EVO platform, promoting low complexity and high-efficiency thermal management for electric vehicles.
  • Potenza Technology presented its fifth-generation battery management system (BMS) supporting 400V and 800V battery systems, now fully certified.
  • Porsche showcased its Direct Air Capture (DAC) technology, capable of extracting CO2 from the atmosphere for the synthesis of eFuels.
  • Eberspaecher in Germany unveiled the high-current BMS V04290 along with its full range of integrated and distributed BMS solutions.
  • WAE Technologies introduced Elysia, intelligent battery software aimed at improving battery system longevity, safety, available energy, power, and charging speed.

Innovations in Hydrogen-Powered Engines

South Korean researchers developed a 2-liter hydrogen-fueled engine entirely reliant on hydrogen for impressive performance.

Infrastructure Developments

  • Honda joined the NACS charging alliance, adopting Tesla’s charging standards to enhance EV charging station accessibility.
  • Tesla announced that its global network of supercharging stations has surpassed 50,000, further reinforcing the EV charging infrastructure.
  • EVgo partnered with Amazon to offer an Alexa-supported electric vehicle charging experience, simplifying station location and navigation for drivers.

This weekly report reflects the growing momentum in the electric vehicle industry, with new models, battery advancements, sustainability efforts, and infrastructure enhancements contributing to the electrification of transportation. Stay tuned for more updates on the ever-evolving world of electric vehicles.

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