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New Compact SUV ES3 Coming from Chinese Electric Automaker Nio

US News - Mon, 09/02/2019 - 12:22

Chinese electric car startup Nio is planning to introduce a new model before the end of 2019. The new model, marking the company’s third vehicle, will be another electric SUV called the ‘ES3.’

According to Nio, the forthcoming ES3 model will be a five-seater compact e-SUV. It is based on the same platform as Nio’s two bigger electric SUVs -- the ES8 and the ES6 -- which will be produced by the company in collaboration with JAC Motor.

The series production of the ES3 compact e-SUV is scheduled to commence at a Beijing factory in the second half of 2020. The target production for the ES3 by Nio for 2020 is 80,000 units, which will subsequently be increased to 150,000 units in 2021.

The technical specifications of the upcoming Nio ES6 e-SUV have not yet been officially disclosed. Nonetheless, reports from China have suggested that the vehicle will have a driving range equal to or more than the 500 km (NEDC) range of the ES6 model. The reported driving range of the ES3 evidently comes against the backdrop of the fact that the ES3 will be smaller and lighter than the ES6, despite the same platform.

Meanwhile, Nio has announced that the ES3 will be positioned as a high-end product above the standard market segment for compact SUVs. The compact SUV segment in China typically ends at approximately 200,000 yuan.

Business: Auto SectorCompanies: NIORegion: ChinaGeneral: FeaturedTNM

Linde buys 10 percent stake in Green hydrogen producer Hydrospider

US News - Sat, 08/31/2019 - 23:09

The Irish-domiciled industrial gases group Linde has revealed in a recent announcement that it has acquired a 10% stake in Swiss ‘green’ hydrogen producer and supplier Hydrospider AG. The move reaffirms the fact that Linde is committed to hydrogen mobility.

Hydrospider is equally owned by H2 Energy and Alpiq. The two companies have sold 5% of their stake each in Hydrospider to Linde. As such, H2 Energy and Alpiq now have a 45% stake each in Hydrospider.

Hydrospider is currently constructing the first commercial hydrogen production plant in Switzerland. The plant, located in Gösgen hydroelectric power station, will be opened by Hydrospider by the end of 2019. At the plant, Hydrospider will use 100% hydroelectric power to produce climate-friendly hydrogen.

The ‘green’ hydrogen produced by Hydrospider in Gösgen will be used for commercial operations, specifically for powering heavy-duty fuel cell trucks from South Korean automaker Hyundai Motor Company. According to a letter of intent signed by H2 Energy and Hyundai, the first 50 of the 1,600 planned fuel cell electric trucks powered by ‘green’ hydrogen will be brought on to the roads in Switzerland by the year 2025.

In reference to Linde’s acquisition of a stake in Hydrospider, Jens Waldeck -- Managing Director of the Linde Gases Division for Central Europe -- said that the move will give Linde the opportunity to “actively participate in one of the most attractive projects for green hydrogen and zero-emission mobility in Europe.”

Business: Company UpdatesEnergy SectorCompanies: Linde GroupRegion: IrelandEuropeGeneral: FeaturedTNM

Tesla upgrades Superchargers across Europe to 150kW capacity

US News - Sat, 08/31/2019 - 21:37

US electric vehicle maker Tesla is upgrading its V2 Superchargers in Europe, increasing the charging capacity of the Superchargers to 150 kW from the current 120 kW. The V2 Superchargers are Tesla’s second-generation supercharging stations for electric vehicles.

Tesla’s move to update the European V2 Superchargers comes a few months after the company’s announcement about increasing the charging capacity of its Superchargers in the US to 150 kW earlier in 2019. The V2 Superchargers comprise a large part of Tesla’s fast-charging stations deployed worldwide.

In announcing the charging-capacity upgrade coming to the V2 Superchargers in Europe, Tesla has said that the upgrade will benefit almost all the V2 Superchargers which have been deployed at nearly 500 supercharger locations across the continent.

Against the backdrop of the increase in charging capacity of V2 Superchargers, Tesla has asserted that the Model 3 large-battery variants, as well as all the vehicles in the new Model S and Model X series, have the capability to charge at the new peak rate of up to 150 kW.

Moreover, with the ‘Performance’ and ‘Maximum Range’ versions of Model 3 already capable of accommodating up to 200 kW at corresponding non-Tesla fast-charging stations, Tesla has revealed that the deployment of the first European V3 Superchargers -- with up to 250 kW charging capacity -- by is being planned towards the end of 2019.

Business: Auto SectorCompanies: Tesla MotorsRegion: EuropeGeneral: FeaturedTNM

Smartphone Production Registers 10.5% Quarterly Growth

US News - Thu, 08/29/2019 - 08:30

Smartphone production has registered an impressive growth of 10.5 percent during the last quarter, compared to the same period last year. The report compiled by market intelligence firm TrendForce suggests that production volume during the quarter touched 344 million units. The top six producers include Samsung, Huawei, Apple, OPPO, Xiaomi and Vivo.

The trade war had an impact on smartphone production numbers. Due to trade war, Huawei and Apple suffered decline in production numbers during the current year. The report by TrendForce further added, “Despite growing over 2Q19 by 5.8%, this is still a 4.4% decline YoY compared to the figure of 380 million units for the same period last year. Total smartphone production volume is expected to arrive at 1.38 billion units, a YoY decline 5%.”

Samsung has gained as Huawei has faced decline. Looking at the 2Q19 rankings for smartphones, we see Samsung steadily taking first place yet again, with production volume coming to 76.5 million units, a 3% growth YoY, registering the best performance in a single quarter since 2018. This is due to Huawei's loss in European and American market share as an effect of the ban.

Apple’s production volume for 2Q19 came to about 38.8 million units, a new low since 2015, putting Apple at a global third place. Looking at its 2Q19 performance, we see that apart from the high prices of new devices, which is of no help in motivating customers to reach for their wallets, the effects of the US-China trade dispute on sales in China markets and the relatively long periods of time for which Apple clients hold on to their phones compared to Android clients all formed the major reasons for the lack of purchases.

2020 to Usher in the Era of 5G Smartphones, with China Brands to Take Over Half in 5G Smartphone Market Share.

The smartphone market requires the help of hot topics to motivate demand in 2020 looking forward. Aggressive R&D on the part of brands and the China government's proactive push for 5G commercialization will both accelerate the arrival of the 5G era. The penetration rate of 5G smartphones next year may get a chance to arrive above 15%, with China brands to make up over half of total 5G production volume.

Business: TechnologyCompanies: AppleSamsungHuaweiGeneral: FeaturedTNMTechnology: Mobiles