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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

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Fisker Automotive published its first business update, announcing that revenues had exceeded $100 million in the first four months of 2012. In the first few months of 2012, Fisker has continued to raise private equity investment to fund its expansion plans, securing $174 million of additional private financing since the start of the year.

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Honda unveils Fit EV concept and plug-in hybrid electric vehicle platform at Los Angeles Auto Show

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The Fit EV Concept hints strongly at the direction and styling for Honda’s upcoming production Fit EV battery-electric vehicle, which will be introduced to the US and Japan in 2012. The all-new plug-in hybrid platform showcases Honda’s next-generation, two-motor hybrid technology set to debut in 2012.

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Volvo to unveil XC60 gasoline-electric Plug-in Hybrid Concept at Detroit show; system targeted for US and China markets

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At the 2012 North American International Auto Show in Detroit, Volvo Car Corporation will unveil the Volvo XC60 gasoline-electric Plug-in Hybrid Concept. The battery pack is recharged from a regular power outlet, at home or at a parking place. Recharging time varies with the current. XC60 Plug-in Hybrid Concept.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry. Electric drive system power density of 2.5

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Ford unveils C-MAX Energi, its first production plug-in hybrid, and another hybrid variant

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It builds on the powersplit architecture Ford uses in its current hybrids, allowing it to operate in fuel-saving electric mode beyond 47 mph (76 km/h). Both the C-MAX Energi and C-MAX Hybrid models will be built alongside the all-new 2012 Ford Focus and Focus Electric at Ford’s Michigan Assembly Plant in Wayne, Mich.

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Kia introduces Ray EV in Korea; 2,500 units to be produced in 2012 for use by government agencies

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seconds), while top speed is 130 km/h (81 mph). Recharging times are six hours using a 220V household supply and 25 minutes in fast-charge mode. Inside, the Ray EV instrument cluster displays electric motor operation, battery status and distance to recharge.

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