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Audi provides five million euros to combat Covid-19

Audi has announced that it will provide five million euros (RM23,828,000) in emergency aid to support medical and social institutions in its home regions and providing humanitarian aid at the national and international level in light of the Covid-19 crisis.

The generous aid adds to the 600,000 euros (RM2,861,812) that the automaker has already handed over to hospitals in Ingolstadt and Neckarsulm on March 30. In its home region, the company is supporting the “sprint4local – one week for Ingolstadt” challenge, where participants are able to submit ideas virtually on how Ingolstadt can overcome the challenges of the crisis and emerge stronger from this period.

In other countries, the Audi Group are also providing local support like supplying medical equipment in Brussels and China, giving out a cash donation to the Gy?r Hospital in Hungary, with more measures set to be revealed later on.

“The corona pandemic presents extreme challenges for all of us worldwide – for us as a company and for society as a whole. I would like to thank all the Audi employees who are looking ahead, doing their bit and helping where they are needed in this extraordinary time,” said Markus Duesmann, the new chairman of the board of management of Audi AG since April 1.

“I would also like to thank all those people who are maintaining business operations at our worldwide sites. I am convinced that things will continue for the Audi employees also after the crisis is over. At the moment, one thing counts above all: the health of our employees, their families and society as a whole. And to protect it, we need to flatten the infection curve,” he added.

Additionally, the company will also host an online concert featuring violinist Lisa Batiashvili together with the famous musicians Maximilian Hornung, François Leleux, Sarah Christian und Jano Lisboa, which will be aired on the company’s social media pages.

Tags: COVID-19

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Car Reviews

LG Chem Gets €480 Million Loan From EIB For Battery Plant In Poland

LG Chem’s plant in Poland will produce up to 65 GWh of batteries annually. EIB will help to finance one-third of the €1.5 billion investment.

The European Investment Bank (EIB) announced a €480 million ($527 million) loan agreement with LG Chem Wroclaw Energy (a fully-owned Poland-based subsidiary of LG Chem).

The financial boost will cover about a third of the total cost – estimated at €1.5 billion ($1.65 billion) – of the lithium-ion cell production plant in Wroclaw, Poland.

“The financing will be used for the construction and operation of highly automated and innovative manufacturing facilities for advanced lithium-ion (li-ion) cells and batteries for battery-powered electric vehicles (BEVs).”

“The additional manufacturing facilities will be located on the industrial site of LG Chem Wroclaw Energy in south-west Poland.”

“The project supplements smaller production facilities on the same site and presents several novelties, including a fully smart factory with several newly developed cutting-edge technologies to mass-produce the latest generation of high energy density li-ion electrodes, cells, modules and battery packs, thereby significantly improving energy density, fast-charging capability, safety and cost efficiency.’

According to the EIB’s press release, the loan is to expand manufacturing capacity by 35 GWh. The total output at some point in the future will be 65 GWh annually.

The remaining €1 billion investment comes from LG Chem’s own resources and from other financing sources. A quick calculation shows that LG Chem assumes about €23 million per 1 GWh of annual manufacturing capacity.

With 65 GWh of annual output, the LG Chem plant will be not only the biggest in Europe but probably also globally (at least it seems so considering there will be no expansion of the Tesla Gigafactory in Nevada from the 35 GWh it’s at now).

This one factory should be able to ultimately supply lithium-ion cells for one million long-range all-electric cars annually (assuming an average of 65 kWh per car).

“The EIB-backed project will have an annual production capacity of over 35 GWh, which can potentially power more than 500 000 zero-emission electric cars per year and therefore contribute to the transition from fossil fuel-powered internal combustion engine-based vehicles toward electromobility and sustainable transport.”

“The implementation of the new investment programme will enable the company to ramp up its battery capacity output to ca. 65 GWh, making the Polish facility one of the largest lithium-ion cell factories in the world. Moreover, more than 1 800 jobs will be created at the Wroclaw site, taking the total workforce up to more than 6 000 full-time employees by end-2022.”

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Car Reviews

Tesla Super Battery: Million Miles, Ultra Fast-Charging, Cheap, Light

Battery technology is advancing quickly and Tesla seems to be ahead of all others.

Tesla has been hard at work developing new, game-changing batteries and the results will be shown at Tesla Battery Day. Million-mile life? Super cheap? Capable of charging faster than any battery out there? Extremely light?

The possibilities of what Tesla will reveal are basically endless, but this video seems to suggest that Tesla will not debut a super battery that works best in all applications, but rather a variety of new batteries that are best suited for their particular use.

We expect to see Tesla reveal a battery that offers it all in regards to energy density, extremely fast-charging capabilities and something that is easy to produce in volume to drive down costs.

Tesla’s secret battery project is called Roadrunner and it promises cheap and energy-dense batteries that will extend vehicle range, reduce car prices and possibly jolt Tesla to new highs. There’s talk that a vehicle equipped with these batteries may even be revealed at Tesla’s Battery Day event this April.

It’s believed that Maxwell Technologies is involved with this project and that Tesla battery expert Jeff Dahn is heading the team. Tesla’s work on these cells is internal, without assistance from Panasonic. However, Tesla’s battery guru Jeff Dahn (the man behind the million-mile battery) is said to be involved in the project.

Video description via Warren Redlich on YouTube:

Elon Musk has Tesla on a path to a new generation of battery technology that will change everything.

Will it be one super battery for all uses? More likely it will be a variety of battery types for different purposes. Long-life for grid storage, high performance for sports cars like Roadster, fast charging for regular use, and more.

 

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Auto News

NAP 2020 targets 1.22 million TIV, RM12.3 billion in exports by 2030 – 323,000 new jobs to be created

As part of the launch of the new National Automotive Policy (NAP) today, the Ministry of International Trade and Industry (MITI) has released its targets over the next 10 years.

Among other things, the ministry hopes to grow the total industry volume to 1.22 million units by 2030. This would represent a substantial 101.9% increase over last year‘s 604,297 units, while the targeted total production volume of 1.47 million units would be a whopping 157.2% up on 2019’s 571,632 units.

The ministry is clearly banking on an increase in exports of completely built up (CBU) vehicles, which are expected to bring in RM12.3 billion in ten years. All in all, MITI targets a contribution of RM104.2 billion from the automotive industry to Malaysia’s gross domestic product (GDP) by 2030.

Exports of locally-made components are also expected to rake in RM28.3 billion fo new automotive parts and RM10 billion for remanufactured parts. In terms of employment, MITI says the NAP 2020 should create 323,000 new jobs, including 128,000 in manufacturing, 46,000 in the aftermarket, 30,000 in the robotics sector, 44,000 in the Internet of things (IoT) sector and 75,000 in the mobility-as-a-service (MaaS) sector.

Also listed are the creation of new research and development facilities, including a full-fledged Vehicle Type Approval (VTA) testing centre, an Electric Vehicle Interoperability Centre (EVIC), an autonomous/automatic vehicle test bed, a virtual design centre, an additive manufacturing (i.e. 3D printing) design centre, a robotics and artificial intelligence centre, a big data analytics (BDA) centre, a digital twin centre and a technology academy in the field of automobiles and overall mobility.

The broader strokes of NAP 2020 were revealed today, with seven roadmaps having been detailed in the field of Next Generation Vehicles (NxGVs), Mobility as a Service (MaaS) and Industry 4.0. The plan will also incorporate the development of Automated, Autonomous, Connected Vehicles (AACV), lightweight material technology as well as hybrid, electric and fuel cell vehicles. Read more here.

Tags: NAP 2020

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