article thumbnail

With in-wheel motors, Lightyear claims most efficient production powertrain in the world

Green Car Reports

The Lightyear 0 solar-assisted electric car will use in-wheel motors from Slovenia's Elaphe as part of what Lightyear claims will be the most efficient powertrain in any production car.

Slovenia 172
article thumbnail

Auto parts seller LKQ cuts 2024 sales forecast as warm weather slows demand – ET Auto

Baua Electric

It now expects to report organic revenue growth for parts and services between 2.5% Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. for 2024, down from its prior guidance of 3.5% to USD4.20

Auto 52
article thumbnail

Daimler and Geely Holding form global JV for smart; new generation of electric models

Green Car Congress

As part of the vehicle-development program, the smart product portfolio is also planned to be extended into the fast-growing B-segment. Future production will be located in China. Financial terms of the smart joint venture have not been disclosed.

Global 259
article thumbnail

2023 EV registrations in Europe surpass two million units, setting new record – Charged EVs

Baua Electric

However, market share also grew in emerging EV markets including Slovenia (which saw an increase from 5% in 2022 to 9% in 2023), Estonia (3.4% Another interesting tidbit: company purchases of EVs grew much faster than private purchases. New passenger vehicle registrations totaled almost 13 million units, up 14% compared to 2022.

Europe 52
article thumbnail

Renault-Nissan Alliance and Daimler expand cooperation with new $1.4B plant in Mexico; next-gen compacts for Mercedes-Benz and Infiniti

Green Car Congress

Renault-Nissan CEO Carlos Ghosn and Daimler CEO Dieter Zetsche announced today that their companies have agreed to establish a 50:50 joint venture, the business entity that will oversee construction and operation of the new plant in Aguascalientes in north-central Mexico. The production of Mercedes-Benz brand vehicles will follow in 2018.

Infinity 210
article thumbnail

Here It Comes: Another Hot Summer in Europe

Baua Electric

Last year, large parts of southern Europe experienced prolonged periods of extreme heat with temperatures reaching 118 degrees and lasting up to two weeks or more. If clients insist on taking midday tours, the company will work with local partners to make the experience as comfortable as possible. “If Cavanaugh said.

Europe 52
article thumbnail

Hydrogenics to supply 1MW electrolyzer to project converting CO2 to methanol; Power-to-Gas

Green Car Congress

Hydrogenics Corporation will supply a 1MW electrolyzer and provide engineering expertise to a consortium of companies working on the European project MefCO2 (methanol fuel from CO 2 ) in Germany. —Daryl Wilson, CEO of Hydrogenics. The project has a budget of €11 million (US$12.4

Hydrogen 150