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Updated: 2 hours 38 min ago

Hyundai Motors starts production of new Kona Electric CUV

Sun, 09/30/2018 - 15:33

According to reports, a noteworthy first batch of the new Kona Electric compact CUV has been produced by South Korean automaker Hyundai, and export of the vehicle have also been commenced by the company.

The reports are noteworthy because the Kona Electric compact SUV is one of the few all-electric vehicles to be launched in 2018 with mass-market target by South Korean automobile giant.

With Hyundai having commenced the production and exports of the Kona Electric CUV, reports have revealed that just over 1,000 units of the vehicle have been delivered by Hyundai in South Korea, while an additional 1,120 units have been exported by the company. Most of the exports of the Kona Electric will initially go to the European markets because the US launch of the vehicle has been scheduled for later this year.

The Kona Electric CUV will be available in two versions --- a ‘Short-range’ battery pack version equipped with a 39.2 kWh battery pack for 300 km range; and a Long-range’ battery pack version featuring a 64 kWh battery pack for nearly 470 km range.

Hyundai has not yet released the pricing details for the Kona Electric CUV in all the markets. However, it is being projected that the cost of the vehicle will start in the low $30,000s, with the Long Range version to be priced at approximately $40,000.

Companies: HyundaiRegion: South KoreaBusiness: Auto SectorGeneral: FeaturedTNM
Categories: US News

Toyota showcases second-gen zero-emissions Class 8 electric truck

Sun, 09/30/2018 - 05:45

In a move which marks the launch of Toyota’s second-generation zero-emissions, hydrogen fuel cell Class 8 electric truck, the automaker has recently unveiled Kenworth T680 prototype truck in Traverse City, Michigan.

The introduction of the new zero-emissions Class 8 electric truck by Toyota underscores a noteworthy advance by the automaker towards the creation of a fully environmentally-friendly electric vehicle which can reduce the levels of air pollution, particularly around the ports in the US.

The second-generation version -- Version 2.0 -- of the zero-emissions Class 8 electric truck by Toyota is called ‘Beta.’ The first-generation model of the truck, which has been under testing by the automaker for over one year, is called ‘Alpha.’

With Toyota already having logged approximately 10,000 miles for the Alpha version during its testing at the ports of Long Beach and Los Angeles, the automaker is now planning to commence a similar testing of the Beta version as well, in the coming months.

According to the details shared by Toyota about the Beta version of the new zero-emissions Class 8 electric truck, the truck is equipped with two electric motors capable of delivering 675 horsepower and 1,327 pound-feet of torque. The truck boasts a 12-kilowatt-hour battery pack, along with the addition of a Kenworth T680 low-roof 40-inch sleeper cab and a redesigned hydrogen-fuel cabinet combination for increased cab space.

Business: Auto SectorCompanies: ToyotaRegion: United StatesGeneral: FeaturedTNM
Categories: US News

Ford announces $4 billion investment in autonomous vehicle venture

Tue, 07/31/2018 - 18:57

In a move which will enable US automaker Ford to gain a competitive edge in the newly emerging mobility industry, the automaker has recently launched a new autonomous vehicle subsidiary called Ford Autonomous Vehicles LLC.

The launch of the new subsidiary will apparently give Ford the ability to emerge as a potential leader in electrified, autonomous ride services. The move underscores the automaker’s change over to a new business model, after its emphasis chiefly on trucks and SUVs, as compared to passenger cars, in the recent times.

In announcing its new Ford Autonomous Vehicles LLC subsidiary to achieve its targeted 2021 launch of a self-driving car network, Ford said that it is investing $4 billion in the new unit which will oversee all its AV research. The mentioned investment will include an amount of $1 billion earmarked for Argo AI.

According to the details shared by Ford, the company’s Ford Autonomous Vehicles LLC subsidiary will have several employee teams dedicated to AV research and advanced engineering as well as self-driving systems integration, AV transportation-as-a-service network development, business strategy, user experience, and business development.

The new Ford subsidiary -- which will allow the automaker to capitalize on new market opportunities and speed up its AV business -- will be spearheaded by its CEO Sherif Marakby, who is presently Ford’s Vice President of Autonomous Vehicles and Electrification.

Business: Auto SectorCompanies: Ford MotorRegion: DetroitGeneral: FeaturedTNM
Categories: US News



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