Today we’ll take a look at the global lithium reserve and the increasing demand for the material by the electric vehicle industry. As it stands the global lithium reserve is estimated to be around 39 million tons, with Chile, Argentina, and China being the top three countries with the most estimated reserves. Lithium is a key component of batteries used in a wide range of … Continue reading Will we run out of Lithium before 2030?
Volkswagen has made a new and improved air conditioning system for their new car, the ID.7. This new system cools or heats the inside of the car faster before the driver even starts their journey. It works by using special electronic air vents that move the air around the car as soon as the driver comes close with the key. The new air conditioning system … Continue reading VW claims smart A/C for ID.7 but ditches heat pump
Porsche engineers are working on new concepts for brake force distribution to improve recuperation in battery electric vehicles (BEVs) without compromising on comfort. Basically it starts with coasting and only goes into regen braking when the brake pads are touched by the driver. The company says, increased weight of batteries in BEVs often requires a more powerful hydraulic wheel brake, but this reduces efficiency and … Continue reading Porsche tweaking regenerative braking for more comfort
The Nissan Formula E Team is gearing up for the next rounds of the 2022/23 ABB FIA Formula E World Championship, set to take place in the city of Diriyah. The team is coming off of a strong start to the season in Mexico, where driver Sacha Fenestraz impressed by reaching the Duels in qualifying. He and teammate Norman Nato are now focused on scoring … Continue reading Nissan goes point hunting in Formula E Diriyah round
Space is always an alluring prospect, it is exciting, sexy and imminently attention grabbing and companies are always willing to be associated to any space-related endeavours. Honda is no exception and they have entered into an agreement with the Japan Aerospace Exploration Agency (JAXA) to collaborate on the research and development of a “circulative renewable energy system” to power lunar rovers and sustain living spaces … Continue reading Honda to build energy system for moon expeditions
Mercedes-Benz has announced that it will be paying its eligible employees a record profit-sharing bonus of up to 7,300 euros in recognition of their hard work and dedication in 2022. This is the highest profit-sharing bonus in the history of the company and is significantly above the previous maximum payment cap of 6,465 euros. The bonus will be paid to around 93,000 eligible tariff-scale employees … Continue reading Mercedes-Benz declares record profit sharing bonus for employees; Up to EU7,300
The Volkswagen brand is undergoing a change in leadership within its design department, as Andreas Mindt, currently Director of Bentley Design, will be taking over as head of Volkswagen Design starting February 1, 2023. Mindt will be taking over from Jozef Kabaň, who has been appointed as Creative Art Director Volkswagen and will report directly to the member of the Board of Management of the … Continue reading Mindt takes over at VW Design
Nissan, a car company, has announced that it will be issuing bonds to raise money for environmentally friendly projects. They plan to raise 200 billion yen (about $1.9 billion USD) through the issuance of sustainability bonds. These bonds will be available to both regular investors and large investors. This is the second time Nissan has raised funds in this way since launching its Sustainable Finance … Continue reading Nissan raises 1.9 billion green financing to fund EVs, among others
As part of its 2023 production plan, Toyota has set a production volume ceiling of 10.6 million units. However, due to the uncertainty of parts supply shortages, the company has also set a baseline production volume with a downward risk fluctuation range of approximately 10%. This value serves as a reference for planning personnel structures and facility capacities for suppliers. Toyota, a leading automaker, regrets … Continue reading Toyota plans maximum production of 10.6 million in 2023.
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