Over the past couple of months, we’re seeing a lot of corporate movements inside Samsung Group. First, Samsung Display announced it plans to completely offload its LCD manufacturing business, starting with a sale of L.5 factory to China’s Truly. Second, Samsung SDI decided to sell its whole chemical business sector and focus solely on improving the chemistry for its car battery business. The size of investment is nothing to be sneezed at. Over the next three years, newly established ‘Samsung SDI Chemical’ will be sold off, while Samsung’s SDI will invest at least $2.51 billion into development of car batteries. This is not all, as all
Formula E Championship is gathering steam among new fans and manufacturers. This VR-friendly sport is becoming increasingly popular, and the opportunity to watch 360 degree videos will be enhanced with the Virtual Reality video streams from the cars, as seen in this video below: The circus is meeting for the final time this year in Punta Del Este, Uruguay, and the warm up for the race could not be more exciting. Trulli Racing officially withdrew from the competition, and their place will be taken by none other than – Jaguar. The name Jaguar Racing will appear for the first time since 2004 and their withdrawal
After much controversy among car makers in the last few months, we are seeing several car makers turning to their electric futures. One of them is among the most respected and appreciated car makers out there. We are talking about Volvo Cars and their newly released electrification strategy. Volvo Cars just announced one of the automotive industry’s most comprehensive electrification strategies in which plug-in hybrids will be introduced across its entire range. It will develop an entirely new range of electrified smaller cars and build a fully electric car for sale by 2019. As part of this new strategy, the Swedish car company said it
While the world’s attention to electric powered planes is being focused around quite a unique project, Solar Impulse and its Round The World project, Airbus is quietly preparing to make electric dreams a reality. While Solar Impulse RTW project is now hitting delays as the weather conditions are not allowing for the plane to travel from China to Hawaii, words come from Airbus that they will build a final assembly line for their Airbus E-Fan aircraft in Pau, France. This puts the manufacturing plan in close proximity to Daher, a design firm known for its disruptive innovations in the fields of surveillance, aviation and aerospace.
Volvo has released pricing for the Volvo XC90 for the United States where this model will be released for sale later this Fall with different models offered.
Porsche recently reported a record in vehicle shipments. Now it reports records in revenue and profit.
After the success with other hybrid models, BMW has released the new BMW X5 xDrive40e plug-in hybrid model.
Goodyear revealed concept tires that show a way how tires could change change the heat into electricity, powering electric and plugin cars.
For the upcoming LeMans 24 Hour race, Audi will enter three of it’s racing models
Toyota has announced that they would be moving away from Tesla’s battery technology, which they were originally one of the first supporters in Tesla’s battery technology and took a 3% share (worth about $690 million) of the company in addition to adopting their battery technology. Keep in mind that currently, Tesla manufactures battery technology for Toyota and Mercedes and is in the process of building a $5 billion gigafab in order to increase their battery capacity. So, while Tesla is looking to expand their battery manufacturing capacity, one of their closest partners is moving away from Tesla’s tech. Toyota is claiming that they are moving towards