The global electric motor market is projected to reach a value of over $195.2 billion by 2030, rising from $118.2 billion in 2019, progressing at a 4.8% CAGR during 2020–2030, according to P&S Intelligence.
The market is growing due to the:
Increasing sales of electric vehiclesRising government efforts for encouraging the adoption of electric vehicles
The...
IM Motors a pure electric vehicle brand was newly born. Adhering to the brand proposition of 'IM what I am', IM Motors coexists with users in the era of AI, defining what a car should look like and becoming "the leader of intelligent mobility in the era of intelligence".
IM...
EVgo announced the launch of BMW Charging Powered by EVgo, a program to bring current and future BMW drivers onto the EVgo network. BMW EV drivers will be able to access public charging through one simple interface, and BMW will provide a $100 EVgo charging credit for new owners/lessees of their...
u‑blox announced that the r Xpeng Motors has selected u‑blox F9 high precision GNSS (GPS, GLONASS, Galileo, BeiDou) technology for use in its P7 super-long range sports EV sedan. u‑blox F9 has been incorporated into the vehicle’s XPILOT 3.0 advanced driver assistance system (ADAS) used for navigation-guided driving, automated parking, and autonomous...
The Alpine & Lotus teams will conduct a comprehensive feasibility study for the joint engineering, design and development of an EV sportscar by leveraging the resources, expertise and facilities of the respective entities in both France and the UK.
They will also explore the development of a joint services...
Elon Musk has confirmed his India plans for Tesla centers in five states with a two-word tweet. "As promised," wrote the Elon in a thread linking to a blog that says Tesla cars will be expensive but may eventually become more affordable for the Indian middle class when the...
Zero Electric Vehicles announces the unveiling of their electrified rolling passenger vehicle chassis with its proprietary energy capture technologies to maximize vehicle range. Range improvements have lagged many of the forthcoming enhancements to electric vehicles, fueling the ZEV team to rapidly deliver technologies that focus on providing more sustainable...
Human Horizons presented the HiPhi X Super SUV at the 2021 International New Energy Vehicle & Connected Mobility Show in Hainan. The exhibition is the first auto show of the year and an opportunity for Human Horizons to showcase their achievements and announce that the first 3,000 units of the Founder Edition...
Amid a rush by some countries to field electric cars and obtain gas and diesel cars off the road as soon as possible, not enough consideration is given to only how environmentally costly it will be to supply EV batteries for an all-electric future. Even now the batteries of...
Henan Suda’s first EV will finally be available soon after waiting for more than 8 years to get the qualification. On June 27th, Henan Suda Electric Vehicle Technology Co., Ltd. (hereinafter referred to as “Henan Suda”) held a product launch conference in Sanmenxia China, which means that its first...