LG Energy Solution recently declared a deal to provide LFP pouch-type EV batteries to the Renault Group spin-off Ampere. Signed in Paris at Renault’s headquarters on the 1st of July, this contract outlines the collaboration from the end of 2025 till 2030 within which LG Energy Solution will supply about 39GWh of batteries. This quantity will be enough for manufacturing about 590 000 battery electric vehicles.

The batteries will be delivered to the EV make, Ampere, to be used in future models and will be manufactured in Poland by LG Energy Solution. This is LG Energy Solution’s first large-scale battery supply deal with LFP EV batteries, a segment that was mainly controlled by non-Korean players till now, and highlights the firm’s strength in the European market which is one of the biggest for EVs globally.

“Now, the company promotes to bring exceptional value to Ampere via the state-of-art LetterSimply technological sophistication and superior quality,” said Wonjoon Suh, Executive Vice President &amp; Head of the Advanced Automotive Battery Division.

Renault Group’s François Provost, Chief Procurement, Partnerships and Public Affairs Officer noted the significance of the collaboration, namely, the creation of the end-to-end integrated value chain in Europe with LG Energy Solution.

LFP batteries used in LG Energy Solution do not employ nickel and cobalt used in NCM batteries; instead, it has iron and phosphate. In pouch-type battery, the company has taken up the CTP (Cell To Pack) technology that upgrades it for cost efficiency, safety and sets it out in the cut-throat competition in EV batteries.

In reaching this partnership, both the companies reestablish themselves by providing high product competitiveness and customer value, says David Kim, the LG Energy Solution’s CEO. ”We are ready to increase the supply of automotive LFP batteries, and the first target is Europe, at the same time, we will keep developing and satisfying the new requirements.”&nbsp;

LG Energy Solution recently declared a deal to provide LFP pouch-type EV batteries to the Renault Group spin-off Ampere. Signed in Paris at Renault’s headquarters on the 1st of July, this contract outlines the collaboration from the end of 2025 till 2030 within which LG Energy Solution will supply about 39GWh of batteries.

LG Energy Solution recently declared a deal to provide LFP pouch-type EV batteries to the Renault Group spin-off Ampere. Signed in Paris at Renault’s headquarters on the 1st of July, this contract outlines the collaboration from the end of 2025 till 2030 within which LG Energy Solution will supply about 39GWh of batteries. This quantity will be enough for manufacturing about 590 000 battery electric vehicles. The batteries will be delivered to the EV make, Ampere, to be used in future models and will be manufactured in Poland by LG Energy Solution. This is LG Energy Solution’s first large-scale battery supply deal with LFP EV batteries, a segment that was mainly controlled by non-Korean players till now, and highlights the firm’s strength in the European market which is one of the biggest for EVs globally. “Now, the company promotes to bring exceptional value to Ampere via the state-of-art LetterSimply technological sophistication and superior quality,” said Wonjoon Suh, Executive Vice President & Head of the Advanced Automotive Battery Division. Renault Group’s François Provost, Chief Procurement, Partnerships and Public Affairs Officer noted the significance of the collaboration, namely, the creation of the end-to-end integrated value chain in Europe with LG Energy Solution. LFP batteries used in LG Energy Solution do not employ nickel and cobalt used in NCM batteries; instead, it has iron and phosphate. In pouch-type battery, the company has taken up the CTP (Cell To Pack) technology that upgrades it for cost efficiency, safety and sets it out in the cut-throat competition in EV batteries. In reaching this partnership, both the companies reestablish themselves by providing high product competitiveness and customer value, says David Kim, the LG Energy Solution’s CEO. ”We are ready to increase the supply of automotive LFP batteries, and the first target is Europe, at the same time, we will keep developing and satisfying the new requirements.”

LG Energy Solution to supply LFP EV batteries to Renault Group’s Ampere

Volvo’s management declared&nbsp;that electric trucks’ fleet has recorded more than 80 million kilometers of movement in commercial operations globally since 2019. This achievement translates into significant environmental benefits: if the same distance were to have been covered by diesel fuel lorries, this would have used over 25 million litres of diesel fuel apart from cutting down on carbon dioxide emissions by 68,000 tonnes.

Volvo’s trustworthy President, Roger Alm, stated that he was pleased with the fact of growing interest of transportation companies in electric trucks. He stressed that they will play a part in moderating the transport sector’s share of world CO2 emissions which currently accounts for 7 per cent. Alm acknowledged early movers as key to proving that electric trucks are capable of cutting the sector’s climate footprint by a significant margin.

Through being the first to operate in the electric truck segment, Volvo Trucks has acquired experience in zero-emission transport options. It is crucial in formulating the future electric cars lineup of the Volvo the car manufacturing company.

Electric trucks contribute to the working conditions of a driver too as the inside of the cabin is considerably less noisy and less vibrating compared to their ICE counterparts. However, first movers who invest in electric trucks and charging stations have a competitive advantage because they present clean transport solutions attractive to first movers in the transportation sector.

Worldwide, Volvo Truck Corporation electric commercial vehicles’ sales increased by a factor of 2.56 in 2023 amounting to 1977 trucks. This growth implies that customers are still very much interested since Volvo was able to secure a 56 per cent&nbsp;market share in Europe and 44 per cent&nbsp;in the United States in the electric truck segment during the recent periods.

Volvo Trucks has managed to place electric trucks beyond 3,500 in 45 countries and six continents. In 2023, Volvo further increased its market share by starting heavy electric trucks in Latin America mainly in Brazil, Chile, Uruguay, and Morocco; South Korea; and Malaysia.

Roger Alm observed that besides the transport companies, there is also increased effort from logistics service consumers who are also signing up to sustainability goals such as SBTi. This trend is also now expanding the shifting of the delivery trucks to electric models in the market space.

Today’s electric line in Volvo includes truck models Volvo FL Electric, Volvo FE Electric, Volvo FM Electric, Volvo FM Low Entry, Volvo FMX Electric, Volvo FH Electric, Volvo FH Aero Electric, and Volvo VNR Electric to suit everything from city delivery to regional transport and construction. Volvo FH Electric presents another landmark reference to Volvo Company which was distinguished as the International Truck of the Year 2024.

Volvo’s management declared that electric trucks’ fleet has recorded more than 80 million kilometers of movement in commercial operations globally since 2019. This achievement translates into significant environmental benefits: if the same distance were to have been covered by diesel fuel lorries, this would have used over 25 million litres of diesel fuel apart from cutting down on carbon dioxide emissions by 68,000 tonnes.

Volvo’s management declared that electric trucks’ fleet has recorded more than 80 million kilometers of movement in commercial operations globally since 2019. This achievement translates into significant environmental benefits: if the same distance were to have been covered by diesel fuel lorries, this would have used over 25 million litres of diesel fuel apart from cutting down on carbon dioxide emissions by 68,000 tonnes. Volvo’s trustworthy President, Roger Alm, stated that he was pleased with the fact of growing interest of transportation companies in electric trucks. He stressed that they will play a part in moderating the transport sector’s share of world CO2 emissions which currently accounts for 7 per cent. Alm acknowledged early movers as key to proving that electric trucks are capable of cutting the sector’s climate footprint by a significant margin. Through being the first to operate in the electric truck segment, Volvo Trucks has acquired experience in zero-emission transport options. It is crucial in formulating the future electric cars lineup of the Volvo the car manufacturing company. Electric trucks contribute to the working conditions of a driver too as the inside of the cabin is considerably less noisy and less vibrating compared to their ICE counterparts. However, first movers who invest in electric trucks and charging stations have a competitive advantage because they present clean transport solutions attractive to first movers in the transportation sector. Worldwide, Volvo Truck Corporation electric commercial vehicles’ sales increased by a factor of 2.56 in 2023 amounting to 1977 trucks. This growth implies that customers are still very much interested since Volvo was able to secure a 56 per cent market share in Europe and 44 per cent in the United States in the electric truck segment during the recent periods. Volvo Trucks has managed to place electric trucks beyond 3,500 in 45 countries and six continents. In 2023, Volvo further increased its market share by starting heavy electric trucks in Latin America mainly in Brazil, Chile, Uruguay, and Morocco; South Korea; and Malaysia. Roger Alm observed that besides the transport companies, there is also increased effort from logistics service consumers who are also signing up to sustainability goals such as SBTi. This trend is also now expanding the shifting of the delivery trucks to electric models in the market space. Today’s electric line in Volvo includes truck models Volvo FL Electric, Volvo FE Electric, Volvo FM Electric, Volvo FM Low Entry, Volvo FMX Electric, Volvo FH Electric, Volvo FH Aero Electric, and Volvo VNR Electric to suit everything from city delivery to regional transport and construction. Volvo FH Electric presents another landmark reference to Volvo Company which was distinguished as the International Truck of the Year 2024.

Volvo’s e-trucks reach 2,000 laps around the world in five years

To commemorate the 50 anniversary of Tignanello, Maserati has created a bespoke version of their latest electric vehicle, the GranCabrio Folgore. This custom-made car, exclusively designed for Marchesi Antinori, represents the pinnacle of Maserati's current all-electric production. The unique vehicle is set to be auctioned on July 14 in California at Festival Napa Valley's Arts for All Gala, one of the most prestigious arts charity events in the United States.

This collaboration brings together two iconic Italian brands- Maserati, celebrating its 110 anniversary, and Marchesi Antinori, a family-owned winery with over 600 years of history spanning 26 generations. Both companies embody the essence of Italian excellence, innovation, and tradition. 
Maserati, known for its pioneering spirit in the automotive industry, shares a kindred passion with Marchesi Antinori and Tignanello in their respective fields.

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The design inspiration for this special edition GranCabrio Folgore draws from the vineyard, symbolising roots and territory. Both Maserati and Marchesi Antinori place great importance on their local heritage, which significantly enhances the value of their products. The car's design pays homage to the cellar where wine is crafted and incorporates elements from the iconic Tignanello label, which has remained unchanged for half a century.

Maserati's designers conducted extensive research into the unique history of Tignanello to create a vehicle that truly embodies the characteristics and values of both Marchesi Antinori and the wine itself. The result is a car that serves as a moving tribute to the prestigious Tignanello vineyard and the wine's 50-year legacy, featuring carefully selected colours, innovative materials, and refined artisanal details.

The exterior of the GranCabrio Folgore Tignanello showcases a custom-created body colour called Terra di Tignanello. This chestnut hue is inspired by the soil of the vineyard, enhanced with coppery burgundy tones reminiscent of Tignanello's characteristic wine barrels. The paint has a rich, metallic finish that evokes the ambiance of the estate and winery. Complementing this unique color are matte black rims, glossy black brake calipers, and copper-colored emblems, including a glossy copper Maserati logo set against a glossy background. The soft top of the convertible is finished in black.

The interior of the vehicle is where the most romantic and detailed tributes to Tignanello can be found. The seats feature leather embellished with a multi-material silver and burgundy ribbed weave made from Vegea, an innovative fabric derived from vineyards. This material, used for the first time in a Maserati, mimics the pattern of vine rows on the Tignanello hill, interspersed with Albarese rocks. The fabric has the look and feel of leather, adding to the car's luxurious ambiance.

Other interior details include dark briar wood panels with laser-engraved text describing the creation of Tignanello. The headrests feature elegant embroidery that combines the Maserati Trident with Tignanello's signature sun emblem, a long-standing feature of the wine's label. This sun symbol is also laser-engraved on the central tunnel, along with the dates 1971-2021, marking the first and current vintages of Tignanello and celebrating its 50-year history.

Klaus Busse, Maserati's Head of Design, emphasised that this collaboration exemplifies the essence of their Fuoriserie customisation program, which aims to create bespoke experiences for Maserati customers. He noted that telling a story of Italian excellence through their designs is a source of pride and constant inspiration for the Maserati team.

Piero Antinori expressed the family's pride in this collaboration, highlighting the shared values of continuous improvement and pursuit of quality that unite Maserati and Marchesi Antinori. He emphasised on the uniqueness of this model, inspired by Tignanello's 50 anniversary, and its strong identity and recognisability, mirroring the characteristics of their renowned wine.

The GranCabrio Folgore itself is a groundbreaking vehicle, being the first all-electric convertible in the luxury segment and the fastest of its kind on the market. It combines high performance with Maserati's signature comfort and elegance, featuring a battery system based on 800V technology developed with insights from Formula E racing.

This special edition GranCabrio Folgore Tignanello stands as a testament to the innovation, craftsmanship, and heritage of two of Italy's most respected brands, creating a unique fusion of automotive excellence and wine making artistry.

To commemorate the 50 anniversary of Tignanello, Maserati has created a bespoke version of their latest electric vehicle, the GranCabrio Folgore. This custom-made car, exclusively designed for Marchesi Antinori, represents the pinnacle of Maserati's current all-electric production.

To commemorate the 50 anniversary of Tignanello, Maserati has created a bespoke version of their latest electric vehicle, the GranCabrio Folgore. This custom-made car, exclusively designed for Marchesi Antinori, represents the pinnacle of Maserati's current all-electric production. The unique vehicle is set to be auctioned on July 14 in California at Festival Napa Valley's Arts for All Gala, one of the most prestigious arts charity events in the United States. This collaboration brings together two iconic Italian brands- Maserati, celebrating its 110 anniversary, and Marchesi Antinori, a family-owned winery with over 600 years of history spanning 26 generations. Both companies embody the essence of Italian excellence, innovation, and tradition. Maserati, known for its pioneering spirit in the automotive industry, shares a kindred passion with Marchesi Antinori and Tignanello in their respective fields. Read More: Warren Buffett cuts stake in China’s BYD to less than 6 per cent The design inspiration for this special edition GranCabrio Folgore draws from the vineyard, symbolising roots and territory. Both Maserati and Marchesi Antinori place great importance on their local heritage, which significantly enhances the value of their products. The car's design pays homage to the cellar where wine is crafted and incorporates elements from the iconic Tignanello label, which has remained unchanged for half a century. Maserati's designers conducted extensive research into the unique history of Tignanello to create a vehicle that truly embodies the characteristics and values of both Marchesi Antinori and the wine itself. The result is a car that serves as a moving tribute to the prestigious Tignanello vineyard and the wine's 50-year legacy, featuring carefully selected colours, innovative materials, and refined artisanal details. The exterior of the GranCabrio Folgore Tignanello showcases a custom-created body colour called Terra di Tignanello. This chestnut hue is inspired by the soil of the vineyard, enhanced with coppery burgundy tones reminiscent of Tignanello's characteristic wine barrels. The paint has a rich, metallic finish that evokes the ambiance of the estate and winery. Complementing this unique color are matte black rims, glossy black brake calipers, and copper-colored emblems, including a glossy copper Maserati logo set against a glossy background. The soft top of the convertible is finished in black. The interior of the vehicle is where the most romantic and detailed tributes to Tignanello can be found. The seats feature leather embellished with a multi-material silver and burgundy ribbed weave made from Vegea, an innovative fabric derived from vineyards. This material, used for the first time in a Maserati, mimics the pattern of vine rows on the Tignanello hill, interspersed with Albarese rocks. The fabric has the look and feel of leather, adding to the car's luxurious ambiance. Other interior details include dark briar wood panels with laser-engraved text describing the creation of Tignanello. The headrests feature elegant embroidery that combines the Maserati Trident with Tignanello's signature sun emblem, a long-standing feature of the wine's label. This sun symbol is also laser-engraved on the central tunnel, along with the dates 1971-2021, marking the first and current vintages of Tignanello and celebrating its 50-year history. Klaus Busse, Maserati's Head of Design, emphasised that this collaboration exemplifies the essence of their Fuoriserie customisation program, which aims to create bespoke experiences for Maserati customers. He noted that telling a story of Italian excellence through their designs is a source of pride and constant inspiration for the Maserati team. Piero Antinori expressed the family's pride in this collaboration, highlighting the shared values of continuous improvement and pursuit of quality that unite Maserati and Marchesi Antinori. He emphasised on the uniqueness of this model, inspired by Tignanello's 50 anniversary, and its strong identity and recognisability, mirroring the characteristics of their renowned wine. The GranCabrio Folgore itself is a groundbreaking vehicle, being the first all-electric convertible in the luxury segment and the fastest of its kind on the market. It combines high performance with Maserati's signature comfort and elegance, featuring a battery system based on 800V technology developed with insights from Formula E racing. This special edition GranCabrio Folgore Tignanello stands as a testament to the innovation, craftsmanship, and heritage of two of Italy's most respected brands, creating a unique fusion of automotive excellence and wine making artistry.

Maserati unveils GranCabrio Folgore Tignanello: first fully electric luxury covertible

The Delhi Traffic Police has reported a significant increase in enforcement actions against drivers violating lane discipline in the first half of 2024. According to official data, over 2,500 were claimed to be driving in the wrong lane during this period, marking a substantial rise in prosecutions compared to the previous year.

Statistics released by the traffic police reveal that 2,577 violators have been issued challans (traffic tickets) for incorrect lane usage in the current year. This figure stands in contrast to the 732 challans issued for the same offense throughout 2023, representing an impressive 252 per cent increase in enforcement actions.

A senior traffic police official emphasised that this intensified crackdown is part of a broader strategy to enhance road safety and alleviate traffic congestion in the nation's capital. The department has implemented more stringent measures to ensure motorists adhere to proper lane usage, recognising the critical role that lane discipline plays in maintaining smooth traffic flow and reducing accidents.

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To achieve these goals, the Delhi Traffic Police has started its surveillance and enforcement capabilities across the city. Additional personnel have been deployed to monitor traffic patterns and identify offenders, demonstrating the department's commitment to addressing this issue comprehensively.

In conjunction with these enforcement efforts, the traffic police conducted a detailed analysis of the top 10 traffic circles where the highest number of challans were issued in 2024. This study aims to identify hotspots of traffic violations and inform targeted enforcement strategies.

The findings reveal that the IGI Airport circle leads with 572 challans, followed by Mayur Vihar circle with 344, and Madhu Vihar circle with 339. Other notable areas include Kamla Market (215 challans), Civil Lines (195), Narela (194), Kotwali (178), Timarpur (164), Kapashera (86), and Kalyanuri (59).

By pinpointing these high-violation areas, the traffic police can allocate resources more effectively and implement tailored strategies to improve compliance with traffic regulations. This data-driven approach underscores the department's commitment to enhancing road safety through targeted interventions.

The substantial increase in prosecution rates reflects the traffic police's dedication to enforcing traffic rules and promoting safer driving practices throughout Delhi. Officials are urging motorists to maintain proper lane discipline at all times, not only to avoid penalties but also to contribute to a safer and more efficient road environment for all users.

In addition to enforcement measures, the Delhi Traffic Police is taking a proactive approach to address the root causes of traffic violations. The department is collaborating with various stakeholders, including civic authorities and educational institutions, to raise awareness about the importance of adhering to traffic rules. Through public outreach programs, awareness campaigns, and educational initiatives, they aim to instill a sense of responsibility and civic duty among road users.

The traffic official emphasised the collective responsibility of all road users in creating a safer and more orderly traffic environment. By respecting traffic regulations and following designated traffic flow directions, each individual can play a crucial role in improving road safety and traffic management in Delhi.

This comprehensive approach, combining stringent enforcement with public education and awareness, demonstrates the Delhi Traffic Police's commitment to tackling the issue of lane discipline violations. As these efforts continue, the department hopes to see a sustained improvement in driving behaviours, ultimately leading to safer roads and smoother traffic flow in the bustling metropolis of Delhi.&nbsp;

The Delhi Traffic Police has reported a significant increase in enforcement actions against drivers violating lane discipline in the first half of 2024. According to official data, over 2,500 were claimed to be driving in the wrong lane during this period, marking a substantial rise in prosecutions compared to the previous year.

The Delhi Traffic Police has reported a significant increase in enforcement actions against drivers violating lane discipline in the first half of 2024. According to official data, over 2,500 were claimed to be driving in the wrong lane during this period, marking a substantial rise in prosecutions compared to the previous year. Statistics released by the traffic police reveal that 2,577 violators have been issued challans (traffic tickets) for incorrect lane usage in the current year. This figure stands in contrast to the 732 challans issued for the same offense throughout 2023, representing an impressive 252 per cent increase in enforcement actions. A senior traffic police official emphasised that this intensified crackdown is part of a broader strategy to enhance road safety and alleviate traffic congestion in the nation's capital. The department has implemented more stringent measures to ensure motorists adhere to proper lane usage, recognising the critical role that lane discipline plays in maintaining smooth traffic flow and reducing accidents. Read More: Aether Fuels secures USD 34 million in series-A financing To achieve these goals, the Delhi Traffic Police has started its surveillance and enforcement capabilities across the city. Additional personnel have been deployed to monitor traffic patterns and identify offenders, demonstrating the department's commitment to addressing this issue comprehensively. In conjunction with these enforcement efforts, the traffic police conducted a detailed analysis of the top 10 traffic circles where the highest number of challans were issued in 2024. This study aims to identify hotspots of traffic violations and inform targeted enforcement strategies. The findings reveal that the IGI Airport circle leads with 572 challans, followed by Mayur Vihar circle with 344, and Madhu Vihar circle with 339. Other notable areas include Kamla Market (215 challans), Civil Lines (195), Narela (194), Kotwali (178), Timarpur (164), Kapashera (86), and Kalyanuri (59). By pinpointing these high-violation areas, the traffic police can allocate resources more effectively and implement tailored strategies to improve compliance with traffic regulations. This data-driven approach underscores the department's commitment to enhancing road safety through targeted interventions. The substantial increase in prosecution rates reflects the traffic police's dedication to enforcing traffic rules and promoting safer driving practices throughout Delhi. Officials are urging motorists to maintain proper lane discipline at all times, not only to avoid penalties but also to contribute to a safer and more efficient road environment for all users. In addition to enforcement measures, the Delhi Traffic Police is taking a proactive approach to address the root causes of traffic violations. The department is collaborating with various stakeholders, including civic authorities and educational institutions, to raise awareness about the importance of adhering to traffic rules. Through public outreach programs, awareness campaigns, and educational initiatives, they aim to instill a sense of responsibility and civic duty among road users. The traffic official emphasised the collective responsibility of all road users in creating a safer and more orderly traffic environment. By respecting traffic regulations and following designated traffic flow directions, each individual can play a crucial role in improving road safety and traffic management in Delhi. This comprehensive approach, combining stringent enforcement with public education and awareness, demonstrates the Delhi Traffic Police's commitment to tackling the issue of lane discipline violations. As these efforts continue, the department hopes to see a sustained improvement in driving behaviours, ultimately leading to safer roads and smoother traffic flow in the bustling metropolis of Delhi.

Wrong lane driving violations surge by 252 per cent in Delhi

In a groundbreaking development for sustainable transportation, Israeli technology company Electreon Wireless has successfully installed Norway's first wireless charging road. This innovative infrastructure, designed to charge electric vehicles while they are in motion, marks a significant step forward in the realm of electric vehicle technology. The announcement was made public through a report to the Tel Aviv Stock Exchange on Sunday, showing the international collaboration and technological advancement in this field.

The cutting-edge road charging system developed by Electreon employs specialised copper coils strategically placed just beneath the road's surface. These coils create an electromagnetic field that transfers energy to compatible vehicles as they drive over the charged road segment. The inaugural installation in Norway consists of a 100-meter stretch of road located in the city of Trondheim. This pilot project is scheduled to undergo extensive testing and evaluation for approximately one year, allowing researchers and engineers to gather crucial data on its performance and efficiency.

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The trial phase of this revolutionary road will involve a fleet of four electric buses, showcasing the international nature of this project. Three of these buses are manufactured by Yutong, a prominent Chinese automotive company known for its contributions to the electric vehicle sector. The fourth bus in the test fleet is produced by Higer, another respected Chinese bus manufacturer. This diverse selection of vehicles will provide a comprehensive assessment of the charging system's compatibility and effectiveness across different vehicle designs.

One of the primary objectives of this pilot program is to evaluate the technology's potential as a sole energy source for electric buses. If successful, this could eliminate the need for charging stops throughout the day, allowing for uninterrupted operation of public transportation services. This continuous operation would not only improve the efficiency of public transit systems but also contribute significantly to reducing carbon emissions in urban areas, aligning with global efforts to combat climate change.

Another critical aspect of the testing phase will focus on the system's resilience in extreme weather conditions. Trondheim's harsh winter climate presents a unique opportunity to subject the charging infrastructure to severe environmental challenges. By proving its effectiveness in such conditions, Electreon's technology could demonstrate its viability for widespread adoption in various geographic locations, including those with similarly demanding climates.

The financial backing for this ambitious project comes from the Norwegian government, which has allocated up to 22.4 million Norwegian kroner (approximately USD 2.12 million) for its implementation. This substantial investment underscores Norway's commitment to advancing sustainable transportation solutions and reducing its carbon footprint.

This pilot project in Trondheim represents a convergence of international expertise and innovation, bringing together Israeli technology, Chinese vehicle manufacturing, and Norwegian infrastructure and funding. As the world continues to seek effective solutions for sustainable urban transportation, the success of this wireless charging road could pave the way for similar installations globally, potentially revolutionising how we approach electric vehicle charging and urban mobility.

In a groundbreaking development for sustainable transportation, Israeli technology company Electreon Wireless has successfully installed Norway's first wireless charging road.

In a groundbreaking development for sustainable transportation, Israeli technology company Electreon Wireless has successfully installed Norway's first wireless charging road. This innovative infrastructure, designed to charge electric vehicles while they are in motion, marks a significant step forward in the realm of electric vehicle technology. The announcement was made public through a report to the Tel Aviv Stock Exchange on Sunday, showing the international collaboration and technological advancement in this field. The cutting-edge road charging system developed by Electreon employs specialised copper coils strategically placed just beneath the road's surface. These coils create an electromagnetic field that transfers energy to compatible vehicles as they drive over the charged road segment. The inaugural installation in Norway consists of a 100-meter stretch of road located in the city of Trondheim. This pilot project is scheduled to undergo extensive testing and evaluation for approximately one year, allowing researchers and engineers to gather crucial data on its performance and efficiency. Read More: NASA selects International Space Station US deorbit vehicle The trial phase of this revolutionary road will involve a fleet of four electric buses, showcasing the international nature of this project. Three of these buses are manufactured by Yutong, a prominent Chinese automotive company known for its contributions to the electric vehicle sector. The fourth bus in the test fleet is produced by Higer, another respected Chinese bus manufacturer. This diverse selection of vehicles will provide a comprehensive assessment of the charging system's compatibility and effectiveness across different vehicle designs. One of the primary objectives of this pilot program is to evaluate the technology's potential as a sole energy source for electric buses. If successful, this could eliminate the need for charging stops throughout the day, allowing for uninterrupted operation of public transportation services. This continuous operation would not only improve the efficiency of public transit systems but also contribute significantly to reducing carbon emissions in urban areas, aligning with global efforts to combat climate change. Another critical aspect of the testing phase will focus on the system's resilience in extreme weather conditions. Trondheim's harsh winter climate presents a unique opportunity to subject the charging infrastructure to severe environmental challenges. By proving its effectiveness in such conditions, Electreon's technology could demonstrate its viability for widespread adoption in various geographic locations, including those with similarly demanding climates. The financial backing for this ambitious project comes from the Norwegian government, which has allocated up to 22.4 million Norwegian kroner (approximately USD 2.12 million) for its implementation. This substantial investment underscores Norway's commitment to advancing sustainable transportation solutions and reducing its carbon footprint. This pilot project in Trondheim represents a convergence of international expertise and innovation, bringing together Israeli technology, Chinese vehicle manufacturing, and Norwegian infrastructure and funding. As the world continues to seek effective solutions for sustainable urban transportation, the success of this wireless charging road could pave the way for similar installations globally, potentially revolutionising how we approach electric vehicle charging and urban mobility.

Israel’s Electreon Wireless establishes first non-wire EV charging road in Norway

NASA is actively promoting ongoing scientific, educational, and technological advancements in low Earth orbit for the benefit of humanity, while simultaneously supporting deep space exploration efforts targeting the Moon and Mars. As the agency shifts towards commercially-operated space facilities in near-Earth orbit, it's vital to prepare for the safe and responsible deorbiting of the International Space Station (ISS) in a controlled manner after its operational life concludes in 2030.

NASA has announced that SpaceX has been chosen to develop and deliver the U.S. Deorbit Vehicle. This spacecraft will be responsible for safely deorbiting the space station, ensuring that it poses no risk to populated areas during re-entry.

Ken Bowersox, associate administrator for Space Operations Mission Directorate at NASA Headquarters in Washington, emphasised the importance of this decision. He stated that selecting a U.S. Deorbit Vehicle for the ISS will help NASA and its international partners ensure a safe and responsible transition in low Earth orbit as station operations come to an end. This decision also aligns with NASA's plans for future commercial destinations and supports the continued use of near-Earth space.

While SpaceX will develop the deorbit spacecraft, NASA will take ownership of it after development and operate it throughout its mission. The deorbit vehicle, along with the space station, is expected to break up during the re-entry process.

The International Space Station has been a collaborative effort since 1998, involving five space agencies: CSA (Canadian Space Agency), ESA (European Space Agency), JAXA (Japan Aerospace Exploration Agency), NASA, and Roscosmos. Each agency is responsible for managing and controlling the hardware it provides. The station's design is interdependent, relying on contributions from all partners to function.&nbsp;

 
The United States, Japan, Canada, and participating ESA countries have committed to operating the station through 2030, while Russia has committed to continued operations through at least 2028. The safe deorbiting of the ISS is a shared responsibility among all five space agencies.

The contract awarded to SpaceX for the U.S. Deorbit Vehicle has a total potential value of USD 843 million. The launch service for this vehicle will be procured separately in the future.

Currently in its 24 year of continuous crewed operations, the ISS serves as a unique scientific platform. Crew members conduct experiments across various research disciplines, including Earth and space science, biology, human physiology, physical sciences, and technology demonstrations that are not possible on Earth. The station has facilitated over 3,300 experiments in microgravity, with crews acting as the hands of thousands of researchers on the ground.

The ISS has become a cornerstone of space commerce, fostering partnerships in commercial crew and cargo operations, as well as commercial and national lab research. The lessons learned aboard the International Space Station are instrumental in paving the way for future commercial stations, ensuring the continued advancement of human presence and scientific discovery in space. &nbsp;

NASA is actively promoting ongoing scientific, educational, and technological advancements in low Earth orbit for the benefit of humanity, while simultaneously supporting deep space exploration efforts targeting the Moon and Mars.

NASA is actively promoting ongoing scientific, educational, and technological advancements in low Earth orbit for the benefit of humanity, while simultaneously supporting deep space exploration efforts targeting the Moon and Mars. As the agency shifts towards commercially-operated space facilities in near-Earth orbit, it's vital to prepare for the safe and responsible deorbiting of the International Space Station (ISS) in a controlled manner after its operational life concludes in 2030. NASA has announced that SpaceX has been chosen to develop and deliver the U.S. Deorbit Vehicle. This spacecraft will be responsible for safely deorbiting the space station, ensuring that it poses no risk to populated areas during re-entry. Ken Bowersox, associate administrator for Space Operations Mission Directorate at NASA Headquarters in Washington, emphasised the importance of this decision. He stated that selecting a U.S. Deorbit Vehicle for the ISS will help NASA and its international partners ensure a safe and responsible transition in low Earth orbit as station operations come to an end. This decision also aligns with NASA's plans for future commercial destinations and supports the continued use of near-Earth space. While SpaceX will develop the deorbit spacecraft, NASA will take ownership of it after development and operate it throughout its mission. The deorbit vehicle, along with the space station, is expected to break up during the re-entry process. The International Space Station has been a collaborative effort since 1998, involving five space agencies: CSA (Canadian Space Agency), ESA (European Space Agency), JAXA (Japan Aerospace Exploration Agency), NASA, and Roscosmos. Each agency is responsible for managing and controlling the hardware it provides. The station's design is interdependent, relying on contributions from all partners to function. The United States, Japan, Canada, and participating ESA countries have committed to operating the station through 2030, while Russia has committed to continued operations through at least 2028. The safe deorbiting of the ISS is a shared responsibility among all five space agencies. The contract awarded to SpaceX for the U.S. Deorbit Vehicle has a total potential value of USD 843 million. The launch service for this vehicle will be procured separately in the future. Currently in its 24 year of continuous crewed operations, the ISS serves as a unique scientific platform. Crew members conduct experiments across various research disciplines, including Earth and space science, biology, human physiology, physical sciences, and technology demonstrations that are not possible on Earth. The station has facilitated over 3,300 experiments in microgravity, with crews acting as the hands of thousands of researchers on the ground. The ISS has become a cornerstone of space commerce, fostering partnerships in commercial crew and cargo operations, as well as commercial and national lab research. The lessons learned aboard the International Space Station are instrumental in paving the way for future commercial stations, ensuring the continued advancement of human presence and scientific discovery in space.

NASA selects International Space Station US deorbit vehicle

Aether Fuels, a cutting-edge climate technology company, has recently announced a significant milestone in its journey towards sustainable fuel production. The company has successfully secured USD 34 million in Series A funding from a diverse group of global investors. This impressive financial backing comes from a consortium led by AP Ventures, with participation from notable entities such as Chevron Technology Ventures, CDP Venture Capital, and Zeon Ventures.&nbsp; 
The company's existing investors, including Series Seed lead investor Xora Innovation, TechEnergy Ventures, Doral Energy-Tech Ventures, Foothill Ventures, and JetBlue Ventures, have also contributed to this funding round.

The primary objective of this substantial investment is to accelerate the development and scale-up of Aether Aurora, Aether's proprietary technology designed to produce sustainable fuels for the aviation and maritime transportation sectors. This innovative technology, which builds upon a foundation licensed from Aether's strategic partner GTI Energy, represents a significant advancement in the Fischer-Tropsch (FT) process. By incorporating novel approaches in catalyst chemistry, reactor design, and process flow optimisation, Aether Aurora aims to dramatically reduce both the initial investment required for plant construction and ongoing operational costs, while simultaneously enhancing fuel yield.

A key advantage of the Aether Aurora technology lies in its remarkable flexibility. The system is capable of converting a wide array of waste carbon feedstocks into jet fuel and other liquid hydrocarbons. This versatility addresses a critical limitation faced by many other sustainable aviation fuel (SAF) production methods, which often struggle with supply constraints due to their reliance on specific feedstocks.

Kevin Eggers, representing AP Ventures, expressed enthusiasm about adding Aether to their portfolio of climate-focused companies. He highlighted Aether's distinctive approach, combining an elegant and innovative technology with superior economics. Eggers also praised the exceptional team assembled by Aether, which includes energy experts, business leaders, and experienced entrepreneurs. He noted that the company's unique market strategy and disciplined execution are informed by the team's collective experience in developing energy and fuel projects valued in the tens of billions of dollars.

Aether's CEO, Conor Madigan, welcomed the new investors while also expressing gratitude to existing backers for their continued support. Madigan emphasised the critical need to expand the supply of sustainable fuels, pointing out that without a significant scaling up of production capacity, the transition to sustainable fuels would remain constrained and slow. He asserted that Aether's disruptive, scalable solution directly addresses this challenge by simplifying the conversion process and enabling maximum carbon flexibility, resulting in increased product output at substantially lower capital expenditure compared to existing approaches.

The newly acquired capital will be strategically deployed to further enhance Aether's&nbsp;research and development infrastructure, scale up its novel catalysts and process technology, and accelerate the construction of a fully integrated 100 gallon-per-day (gpd) test production plant. This new facility will build upon the successful operation of an existing 1.5 gpd pilot line.

 
The company plans to initiate the development of a pipeline of commercial-scale production facilities, including projects in the United States and Southeast Asia, aimed at producing sustainable aviation fuel (SAF) and other high-value sustainable liquid fuels in collaboration with select strategic partners.

To facilitate these ambitious plans, Aether has partnered with GTI Energy to establish an Aether R&amp;D center within GTI Energy's Chicago-area campus. This collaboration, which began in 2022, builds upon a gas-to-liquid (GTL) technology program initiated by GTI Energy in 2016. The Aether Aurora solution incorporates critical innovations from this GTL program.

A distinguishing feature of Aether Aurora is its inherent design for feedstock flexibility, making it suitable for a wide range of sustainable fuel projects, including e-fuels, biofuels, and recycled carbon fuels. This adaptability allows the technology to efficiently process various inputs such as captured carbon dioxide, industrial waste gases, biogas, and treated agricultural residues. When combined with its cost efficiency, this versatility positions Aether Aurora as a highly differentiated solution in the sustainable fuel market.

Madigan concluded by noting that the investors' decision to back Aether, given their deep industry knowledge and experience, serves as a strong endorsement of the company's unique approach. He expressed enthusiasm about leveraging the expertise of these investors as Aether continues to execute its ambitious plans for revolutionising sustainable fuel production.&nbsp; 
&nbsp;

Aether Fuels, a cutting-edge climate technology company, has recently announced a significant milestone in its journey towards sustainable fuel production. The company has successfully secured USD 34 million in Series A funding from a diverse group of global investors.

Aether Fuels, a cutting-edge climate technology company, has recently announced a significant milestone in its journey towards sustainable fuel production. The company has successfully secured USD 34 million in Series A funding from a diverse group of global investors. This impressive financial backing comes from a consortium led by AP Ventures, with participation from notable entities such as Chevron Technology Ventures, CDP Venture Capital, and Zeon Ventures. The company's existing investors, including Series Seed lead investor Xora Innovation, TechEnergy Ventures, Doral Energy-Tech Ventures, Foothill Ventures, and JetBlue Ventures, have also contributed to this funding round. The primary objective of this substantial investment is to accelerate the development and scale-up of Aether Aurora, Aether's proprietary technology designed to produce sustainable fuels for the aviation and maritime transportation sectors. This innovative technology, which builds upon a foundation licensed from Aether's strategic partner GTI Energy, represents a significant advancement in the Fischer-Tropsch (FT) process. By incorporating novel approaches in catalyst chemistry, reactor design, and process flow optimisation, Aether Aurora aims to dramatically reduce both the initial investment required for plant construction and ongoing operational costs, while simultaneously enhancing fuel yield. A key advantage of the Aether Aurora technology lies in its remarkable flexibility. The system is capable of converting a wide array of waste carbon feedstocks into jet fuel and other liquid hydrocarbons. This versatility addresses a critical limitation faced by many other sustainable aviation fuel (SAF) production methods, which often struggle with supply constraints due to their reliance on specific feedstocks. Kevin Eggers, representing AP Ventures, expressed enthusiasm about adding Aether to their portfolio of climate-focused companies. He highlighted Aether's distinctive approach, combining an elegant and innovative technology with superior economics. Eggers also praised the exceptional team assembled by Aether, which includes energy experts, business leaders, and experienced entrepreneurs. He noted that the company's unique market strategy and disciplined execution are informed by the team's collective experience in developing energy and fuel projects valued in the tens of billions of dollars. Aether's CEO, Conor Madigan, welcomed the new investors while also expressing gratitude to existing backers for their continued support. Madigan emphasised the critical need to expand the supply of sustainable fuels, pointing out that without a significant scaling up of production capacity, the transition to sustainable fuels would remain constrained and slow. He asserted that Aether's disruptive, scalable solution directly addresses this challenge by simplifying the conversion process and enabling maximum carbon flexibility, resulting in increased product output at substantially lower capital expenditure compared to existing approaches. The newly acquired capital will be strategically deployed to further enhance Aether's research and development infrastructure, scale up its novel catalysts and process technology, and accelerate the construction of a fully integrated 100 gallon-per-day (gpd) test production plant. This new facility will build upon the successful operation of an existing 1.5 gpd pilot line. The company plans to initiate the development of a pipeline of commercial-scale production facilities, including projects in the United States and Southeast Asia, aimed at producing sustainable aviation fuel (SAF) and other high-value sustainable liquid fuels in collaboration with select strategic partners. To facilitate these ambitious plans, Aether has partnered with GTI Energy to establish an Aether R&D center within GTI Energy's Chicago-area campus. This collaboration, which began in 2022, builds upon a gas-to-liquid (GTL) technology program initiated by GTI Energy in 2016. The Aether Aurora solution incorporates critical innovations from this GTL program. A distinguishing feature of Aether Aurora is its inherent design for feedstock flexibility, making it suitable for a wide range of sustainable fuel projects, including e-fuels, biofuels, and recycled carbon fuels. This adaptability allows the technology to efficiently process various inputs such as captured carbon dioxide, industrial waste gases, biogas, and treated agricultural residues. When combined with its cost efficiency, this versatility positions Aether Aurora as a highly differentiated solution in the sustainable fuel market. Madigan concluded by noting that the investors' decision to back Aether, given their deep industry knowledge and experience, serves as a strong endorsement of the company's unique approach. He expressed enthusiasm about leveraging the expertise of these investors as Aether continues to execute its ambitious plans for revolutionising sustainable fuel production.

Aether Fuels secures USD 34 million in series-A financing

Renowned investment tycoon Warren Buffett has recently accelerated the process of divesting his holdings in the Chinese electric vehicle manufacturer BYD. Buffett has executed two separate sales of his stake in the company within the span of a single month.

According to a disclosure filed with the Hong Kong stock exchange on Tuesday, Berkshire Hathaway, the investment conglomerate owned by Buffett, has reduced its ownership of BYD's H-shares to 5.99 per cent as of June 19. This marks a significant decrease from the 7.02 per cent stake that Berkshire held just over a week earlier on June 11.

The rapid series of divestments has resulted in a dramatic reduction of Buffett's overall position in the automotive company. In fact, his current holdings in the carmaker have diminished by more than 70 per cent compared to his initial investment.

It's worth noting that Hong Kong's regulatory framework mandates that major shareholders must publicly disclose any sales that cause their ownership stake to fall below whole percentage points. Given this requirement, it's possible that Berkshire may no longer be obligated to report its BYD sales once its ownership percentage dips below the 5 per cent threshold.

The origins of Berkshire's involvement with BYD date back to 2008 when the investment firm acquired a substantial 225 million shares in the company. This initial purchase granted Berkshire a 7.73 per cent stake in BYD, which translated to a 20.49 per cent ownership of the firm's H shares. At the time, Berkshire's investment amounted to USD 232 million.

Over the years, the value of Berkshire's BYD holdings experienced remarkable growth. By August 2022, when the investment firm first began to reduce its stake in the electric vehicle manufacturer, the value of its holdings had skyrocketed to approximately USD 7.5 billion.

During this period, BYD's share price had undergone an extraordinary increase, multiplying more than 20 times and reaching an all-time high. However, since Berkshire initiated its divestment strategy, BYD's stock price has experienced a decline of about 28 per cent.

It's important to note that the late Charlie Munger, who served as Berkshire's vice chairman, was the driving force behind the initial BYD investment. Buffett has consistently acknowledged Munger's role in spearheading this particular venture. This investment in BYD was somewhat unique for Berkshire, as the firm typically focuses its investments within the United States.

Buffett's decision to sell BYD shares comes at a time of escalating technological and trade tensions between the United States and China. In the previous year, the investment magnate expressed concerns about the state of bilateral relations between the two nations and hinted at his unease regarding investments that could be exposed to risks stemming from the deteriorating ties.

Despite Buffett's divestment, BYD - an acronym for "Build Your Dreams" - has continued to demonstrate strong performance. The company has consistently grown its profits and expanded its presence in various markets across Europe and Southeast Asia.

In a significant milestone, BYD surpassed Elon Musk's Tesla in the previous year to become the world's largest electric vehicle manufacturer. However, Tesla has since reclaimed the top position in the first quarter of the current year.

It's worth noting that BYD's shares listed on the Shenzhen stock exchange have shown impressive growth, rising by more than 21 per cent over the past month, indicating continued investor confidence in the company despite Buffett's reduced stake.&nbsp;

Renowned investment tycoon Warren Buffett has recently accelerated the process of divesting his holdings in the Chinese electric vehicle manufacturer BYD. Buffett has executed two separate sales of his stake in the company within the span of a single month.

Renowned investment tycoon Warren Buffett has recently accelerated the process of divesting his holdings in the Chinese electric vehicle manufacturer BYD. Buffett has executed two separate sales of his stake in the company within the span of a single month. According to a disclosure filed with the Hong Kong stock exchange on Tuesday, Berkshire Hathaway, the investment conglomerate owned by Buffett, has reduced its ownership of BYD's H-shares to 5.99 per cent as of June 19. This marks a significant decrease from the 7.02 per cent stake that Berkshire held just over a week earlier on June 11. The rapid series of divestments has resulted in a dramatic reduction of Buffett's overall position in the automotive company. In fact, his current holdings in the carmaker have diminished by more than 70 per cent compared to his initial investment. It's worth noting that Hong Kong's regulatory framework mandates that major shareholders must publicly disclose any sales that cause their ownership stake to fall below whole percentage points. Given this requirement, it's possible that Berkshire may no longer be obligated to report its BYD sales once its ownership percentage dips below the 5 per cent threshold. The origins of Berkshire's involvement with BYD date back to 2008 when the investment firm acquired a substantial 225 million shares in the company. This initial purchase granted Berkshire a 7.73 per cent stake in BYD, which translated to a 20.49 per cent ownership of the firm's H shares. At the time, Berkshire's investment amounted to USD 232 million. Over the years, the value of Berkshire's BYD holdings experienced remarkable growth. By August 2022, when the investment firm first began to reduce its stake in the electric vehicle manufacturer, the value of its holdings had skyrocketed to approximately USD 7.5 billion. During this period, BYD's share price had undergone an extraordinary increase, multiplying more than 20 times and reaching an all-time high. However, since Berkshire initiated its divestment strategy, BYD's stock price has experienced a decline of about 28 per cent. It's important to note that the late Charlie Munger, who served as Berkshire's vice chairman, was the driving force behind the initial BYD investment. Buffett has consistently acknowledged Munger's role in spearheading this particular venture. This investment in BYD was somewhat unique for Berkshire, as the firm typically focuses its investments within the United States. Buffett's decision to sell BYD shares comes at a time of escalating technological and trade tensions between the United States and China. In the previous year, the investment magnate expressed concerns about the state of bilateral relations between the two nations and hinted at his unease regarding investments that could be exposed to risks stemming from the deteriorating ties. Despite Buffett's divestment, BYD - an acronym for "Build Your Dreams" - has continued to demonstrate strong performance. The company has consistently grown its profits and expanded its presence in various markets across Europe and Southeast Asia. In a significant milestone, BYD surpassed Elon Musk's Tesla in the previous year to become the world's largest electric vehicle manufacturer. However, Tesla has since reclaimed the top position in the first quarter of the current year. It's worth noting that BYD's shares listed on the Shenzhen stock exchange have shown impressive growth, rising by more than 21 per cent over the past month, indicating continued investor confidence in the company despite Buffett's reduced stake.

Warren Buffett cuts stake in China’s BYD to less than 6 per cent

Zeekr's official entry into the Russian market could potentially boost growth, according to Vadim Merzlikin, marketing director for a dealership selling Zeekr models. However, he emphasises that macroeconomic factors will play a crucial role in determining the brand's success.

Merzlikin points out that the success of Zeekr in Russia will depend on several factors, including purchasing power, competition, and the overall economic situation. He notes that most electric vehicle (EV) buyers in Russia are wealthier than the average citizen, as premium cars are currently the most widely available category of EVs in the country. Interestingly, Merzlikin estimates that as many as 40 per cent of EV owners in Russia have charging facilities at home.

The Zeekr X, a compact SUV, is being offered in Russia at a price point of around 4 million roubles (approximately $46,136), which is comparable to its pricing in European markets. This positions it in a competitive range with other EV options available in Russia.

For comparison, the Russian-made Evolute i-Space, a comparable model produced by the private firm Motorinvest, is priced at 3 million roubles. The Moskvich 3e, part of Russia's effort to revive and modernize a Soviet-era classic brand, is priced just over 3 million roubles. The Lada e-Largus from Russia's leading carmaker Avtovaz is still in development and is expected to be a more affordable option, though prices have not yet been announced.

Zeekr, owned by Geely (which also owns Volvo, Polestar, and Lotus brands), builds its Swedish-designed cars in China. The company recently listed on Nasdaq with a valuation of around $6.8 billion. However, Zeekr has stated that it has not officially entered the Russian market and does not have an approved sales network there. The company attributes the presence of its vehicles in Russia to "individual behaviors" and emphasises that it has not deployed any infrastructure such as charging stations or conducted any related business in the country.

Despite this cautious approach, Zeekr appears to be gaining a significant foothold in the Russian EV market. In comparison, only around 2,000 Evolute EVs and 1,000 Moskvich EVs were sold in Russia over the past 12 months. It's worth noting that even the Moskvich, while listed as Russian in statistics, is actually assembled in Moscow using kits from a Chinese partner.

The rapid growth of Chinese car brands in Russia has not gone unnoticed. Maxim Sokolov, head of Avtovaz, has called for state protection of the domestic market from all Chinese carmakers, both electric and fossil fuel-powered. China's share of the Russian automotive market has increased dramatically from less than 10 per cent to more than 50 per cent in the two years since the start of the Ukraine conflict.

Despite initial prejudices, attitudes towards Chinese cars are gradually improving among Russian consumers. Ruslan, a Chery owner (China's most exported brand), acknowledges that there are still some challenges, particularly with service and dealer networks. However, he believes that these issues will be resolved within three to five years.

Merzlikin cites an Autostat and Auto Mail survey indicating that 53.1 per cent of Russians are now prepared to consider buying a Chinese car, a significant increase from just 6.4 per cent in 2017. He concludes by noting that as more Chinese cars are purchased in Russia, there will be an increasing number of "ambassadors" for these brands, potentially further driving their acceptance and market share in the country.

Zeekr's official entry into the Russian market could potentially boost growth, according to Vadim Merzlikin, marketing director for a dealership selling Zeekr models.

Zeekr's official entry into the Russian market could potentially boost growth, according to Vadim Merzlikin, marketing director for a dealership selling Zeekr models. However, he emphasises that macroeconomic factors will play a crucial role in determining the brand's success. Merzlikin points out that the success of Zeekr in Russia will depend on several factors, including purchasing power, competition, and the overall economic situation. He notes that most electric vehicle (EV) buyers in Russia are wealthier than the average citizen, as premium cars are currently the most widely available category of EVs in the country. Interestingly, Merzlikin estimates that as many as 40 per cent of EV owners in Russia have charging facilities at home. The Zeekr X, a compact SUV, is being offered in Russia at a price point of around 4 million roubles (approximately $46,136), which is comparable to its pricing in European markets. This positions it in a competitive range with other EV options available in Russia. For comparison, the Russian-made Evolute i-Space, a comparable model produced by the private firm Motorinvest, is priced at 3 million roubles. The Moskvich 3e, part of Russia's effort to revive and modernize a Soviet-era classic brand, is priced just over 3 million roubles. The Lada e-Largus from Russia's leading carmaker Avtovaz is still in development and is expected to be a more affordable option, though prices have not yet been announced. Zeekr, owned by Geely (which also owns Volvo, Polestar, and Lotus brands), builds its Swedish-designed cars in China. The company recently listed on Nasdaq with a valuation of around $6.8 billion. However, Zeekr has stated that it has not officially entered the Russian market and does not have an approved sales network there. The company attributes the presence of its vehicles in Russia to "individual behaviors" and emphasises that it has not deployed any infrastructure such as charging stations or conducted any related business in the country. Despite this cautious approach, Zeekr appears to be gaining a significant foothold in the Russian EV market. In comparison, only around 2,000 Evolute EVs and 1,000 Moskvich EVs were sold in Russia over the past 12 months. It's worth noting that even the Moskvich, while listed as Russian in statistics, is actually assembled in Moscow using kits from a Chinese partner. The rapid growth of Chinese car brands in Russia has not gone unnoticed. Maxim Sokolov, head of Avtovaz, has called for state protection of the domestic market from all Chinese carmakers, both electric and fossil fuel-powered. China's share of the Russian automotive market has increased dramatically from less than 10 per cent to more than 50 per cent in the two years since the start of the Ukraine conflict. Despite initial prejudices, attitudes towards Chinese cars are gradually improving among Russian consumers. Ruslan, a Chery owner (China's most exported brand), acknowledges that there are still some challenges, particularly with service and dealer networks. However, he believes that these issues will be resolved within three to five years. Merzlikin cites an Autostat and Auto Mail survey indicating that 53.1 per cent of Russians are now prepared to consider buying a Chinese car, a significant increase from just 6.4 per cent in 2017. He concludes by noting that as more Chinese cars are purchased in Russia, there will be an increasing number of "ambassadors" for these brands, potentially further driving their acceptance and market share in the country.

Zeekr's sales increases as Chinese EVs dominate Russian auto industry

Ferrari NV is developing an extended warranty service for its upcoming hybrid and electric supercars to address potential customer concerns about battery longevity.&nbsp;

The Italian luxury automaker plans to offer an annual subscription service priced at approximately €7,000 ($7,500) for battery coverage. This service will include battery replacement for hybrid models, such as the €418,000 plug-in hybrid SF90 Stradale, after eight years of use and will cover related defects.

This approach aligns with practices of other high-end automakers like Bugatti and Aston Martin, who charge significant fees for vehicle servicing to generate additional revenue. For instance, Aston Martin's $3 million Valkyrie comes with a fee of nearly $450,000 over three years, while Bugatti's Chiron has a four-year extended warranty costing around $170,000.

Ferrari intends to extend this battery subscription service to its first all-electric vehicle, scheduled for release late next year. The plan includes a second battery pack replacement automatically scheduled for the vehicle's 16 year. Currently, all Ferrari models come with a standard three-year warranty, with hybrid models having extended five-year coverage for battery and related components.

This battery-pack subscription service is part of CEO Benedetto Vigna's broader strategy to explore new revenue streams while fostering customer loyalty. Available through official Ferrari dealers, the service aims to maintain the resale value of the vehicles and help overcome consumer hesitation about transitioning from traditional combustion engines to electric powertrains.

Hybrid models have gained significant traction in Ferrari's lineup, accounting for about half of the company's shipments in the most recent quarter. In 2022, Ferrari's total sales approached 14,000 cars, with production runs typically selling out well in advance.

The company is navigating a transition period, balancing between electric vehicle (EV) technology and traditional combustion engines. This strategy allows Ferrari to cater to both traditional customers and younger clients with varying preferences, while also complying with increasingly stringent CO2 emissions regulations. Despite a cooling demand for EVs in the broader market, Vigna has committed to pushing forward with electrification plans for the brand.

 
Despite the push towards electrification, Ferrari remains committed to internal combustion engines, especially given potential developments in synthetic fuels. The E-Building will complement existing production lines, with older facilities potentially being used for limited edition models.

The new facility's design emphasises natural light and modern architecture, similar to Apple's Cupertino headquarters. It includes dedicated areas for EV and hybrid component production.

Ferrari acknowledges the challenges in replicating the engagement and sensory experience of petrol-powered supercars in electric vehicles. The E-Building represents Ferrari's effort to blend its storied heritage with future technologies, aiming to create electric vehicles that embody the brand's signature performance and emotional appeal. 
&nbsp;

Ferrari NV is developing an extended warranty service for its upcoming hybrid and electric supercars to address potential customer concerns about battery longevity.

Ferrari NV is developing an extended warranty service for its upcoming hybrid and electric supercars to address potential customer concerns about battery longevity. The Italian luxury automaker plans to offer an annual subscription service priced at approximately €7,000 ($7,500) for battery coverage. This service will include battery replacement for hybrid models, such as the €418,000 plug-in hybrid SF90 Stradale, after eight years of use and will cover related defects. This approach aligns with practices of other high-end automakers like Bugatti and Aston Martin, who charge significant fees for vehicle servicing to generate additional revenue. For instance, Aston Martin's $3 million Valkyrie comes with a fee of nearly $450,000 over three years, while Bugatti's Chiron has a four-year extended warranty costing around $170,000. Ferrari intends to extend this battery subscription service to its first all-electric vehicle, scheduled for release late next year. The plan includes a second battery pack replacement automatically scheduled for the vehicle's 16 year. Currently, all Ferrari models come with a standard three-year warranty, with hybrid models having extended five-year coverage for battery and related components. This battery-pack subscription service is part of CEO Benedetto Vigna's broader strategy to explore new revenue streams while fostering customer loyalty. Available through official Ferrari dealers, the service aims to maintain the resale value of the vehicles and help overcome consumer hesitation about transitioning from traditional combustion engines to electric powertrains. Hybrid models have gained significant traction in Ferrari's lineup, accounting for about half of the company's shipments in the most recent quarter. In 2022, Ferrari's total sales approached 14,000 cars, with production runs typically selling out well in advance. The company is navigating a transition period, balancing between electric vehicle (EV) technology and traditional combustion engines. This strategy allows Ferrari to cater to both traditional customers and younger clients with varying preferences, while also complying with increasingly stringent CO2 emissions regulations. Despite a cooling demand for EVs in the broader market, Vigna has committed to pushing forward with electrification plans for the brand. Despite the push towards electrification, Ferrari remains committed to internal combustion engines, especially given potential developments in synthetic fuels. The E-Building will complement existing production lines, with older facilities potentially being used for limited edition models. The new facility's design emphasises natural light and modern architecture, similar to Apple's Cupertino headquarters. It includes dedicated areas for EV and hybrid component production. Ferrari acknowledges the challenges in replicating the engagement and sensory experience of petrol-powered supercars in electric vehicles. The E-Building represents Ferrari's effort to blend its storied heritage with future technologies, aiming to create electric vehicles that embody the brand's signature performance and emotional appeal.

Ferrari decides to offer Euro 7,000 subscription fee to replace EV car batteries

Hyundai Motor Company has introduced the All-electric INSTER, a new A-segment sub-compact EV, at the 2024 Busan International Mobility Show. This innovative vehicle combines unique design elements, class-leading driving range, versatility, and advanced technology.

Design and Positioning: The INSTER evolves from the design of the Korea-only, petrol-powered CASPER introduced in 2021. It features an extended body and wheelbase, offering more interior space and a robust road presence. The vehicle is strategically positioned between traditional A-segment sub-compact city cars and larger B-segment compact models, providing the maneuverability of a city car with enhanced practicality and interior space.

Exterior Design: The INSTER's exterior is characterized by a bold, compact SUV profile with clean, flush surfaces. The main design elements include: 
- Strong fenders 
- High-tech, circuit board-style bumper 
- Prominent skid plate 
- Distinctive LED daytime running lights 
- Pixel-graphic turn signals, tail lamps, and bumpers 
- Optional LED projection headlamps 
- Two-tone exterior option with a contrasting black roof 
- Wheel options ranging from 15-inch steel with covers to 17-inch alloy

Interior Features: 
The INSTER's interior focuses on technology, convenience, and versatility: 
- 10.25-inch digital cluster 
- 10.25-inch infotainment touchscreen with navigation 
- Wireless charging dock 
- Compact center console for increased spaciousness 
- Pixel-themed graphics on the steering wheel 
- Customisable upper door trim garnishes 
- Flexible seating arrangements, including fold-flat capability for all seats 
- Optional front bench seat 
- Heated front seats and steering wheel available 
- 50/50 split second-row seats with slide and recline functions

Powertrain and Performance: 
There are two battery configurations that are available. One is standard: 42 kWh battery with a 71.1 kW (97 PS) motor, and the other is long-range: 49 kWh battery with an 84.5 kW (115 PS) motor. Both versions deliver 147 Nm of torque.

Range and Efficiency: 
- The Long-Range model boasts a segment-leading projected range of 355 km (WLTP) on a single charge 
- Estimated energy consumption: 15.3 kWh/100 km (WLTP)

Charging Capabilities: 
- Fast DC charging: 10-80% in approximately 30 minutes using a 120 kW charger 
- Standard 11 kW on-board charger 
- Optional battery heating system and high-efficiency heat pump 
- Vehicle-to-Load (V2L) functionality for powering external devices

Technology and Safety Features: 
The INSTER offers a comprehensive suite of advanced technologies: 
- 64-color LED ambient lighting 
- Hyundai Digital Key 2 Touch (NFC) functionality 
- One-touch sunroof 
- Extensive Advanced Driver Assistance Systems (ADAS) including Surround View Monitor, Parking Collision-Avoidance Assist, Blind-spot View Monitor, Forward Collision-Avoidance Assist, Lane Keeping Assist, Smart Cruise Control, and many more

Sustainability wise the INSTER incorporates eco-friendly materials: 
- Exterior: Black high-gloss recycled paint using coloring from recycled waste tires 
- Interior: Recycled PET from bottles and bio-polypropylene material from sugarcane

Color and Trim Options: 
A wide range of exterior colors is available, including Atlas White, Tomboy Khaki, Sienna Orange Metallic, and Abyss Black Pearl, with some offered in two-tone combinations. Interior trim choices include Black, and Khaki Brown and Newtro Beige two-tone with full cloth trim.

Global Launch: 
The INSTER will debut in Korea in summer 2024, followed by launches in Europe, the Middle East, and Asia Pacific. Most features will be standard, with some premium options available.

Future Variant: 
Hyundai plans to introduce an INSTER CROSS variant in the future, featuring a more rugged, outdoor-oriented design.

The INSTER represents Hyundai's vision for the future of sub-compact EVs, offering a combination of style, efficiency, and advanced technology in a versatile package designed for urban environments.

Hyundai Motor Company has introduced the All-electric INSTER, a new A-segment sub-compact EV, at the 2024 Busan International Mobility Show. This innovative vehicle combines unique design elements, class-leading driving range, versatility, and advanced technology.

Hyundai Motor Company has introduced the All-electric INSTER, a new A-segment sub-compact EV, at the 2024 Busan International Mobility Show. This innovative vehicle combines unique design elements, class-leading driving range, versatility, and advanced technology. Design and Positioning: The INSTER evolves from the design of the Korea-only, petrol-powered CASPER introduced in 2021. It features an extended body and wheelbase, offering more interior space and a robust road presence. The vehicle is strategically positioned between traditional A-segment sub-compact city cars and larger B-segment compact models, providing the maneuverability of a city car with enhanced practicality and interior space. Exterior Design: The INSTER's exterior is characterized by a bold, compact SUV profile with clean, flush surfaces. The main design elements include: - Strong fenders - High-tech, circuit board-style bumper - Prominent skid plate - Distinctive LED daytime running lights - Pixel-graphic turn signals, tail lamps, and bumpers - Optional LED projection headlamps - Two-tone exterior option with a contrasting black roof - Wheel options ranging from 15-inch steel with covers to 17-inch alloy Interior Features: The INSTER's interior focuses on technology, convenience, and versatility: - 10.25-inch digital cluster - 10.25-inch infotainment touchscreen with navigation - Wireless charging dock - Compact center console for increased spaciousness - Pixel-themed graphics on the steering wheel - Customisable upper door trim garnishes - Flexible seating arrangements, including fold-flat capability for all seats - Optional front bench seat - Heated front seats and steering wheel available - 50/50 split second-row seats with slide and recline functions Powertrain and Performance: There are two battery configurations that are available. One is standard: 42 kWh battery with a 71.1 kW (97 PS) motor, and the other is long-range: 49 kWh battery with an 84.5 kW (115 PS) motor. Both versions deliver 147 Nm of torque. Range and Efficiency: - The Long-Range model boasts a segment-leading projected range of 355 km (WLTP) on a single charge - Estimated energy consumption: 15.3 kWh/100 km (WLTP) Charging Capabilities: - Fast DC charging: 10-80% in approximately 30 minutes using a 120 kW charger - Standard 11 kW on-board charger - Optional battery heating system and high-efficiency heat pump - Vehicle-to-Load (V2L) functionality for powering external devices Technology and Safety Features: The INSTER offers a comprehensive suite of advanced technologies: - 64-color LED ambient lighting - Hyundai Digital Key 2 Touch (NFC) functionality - One-touch sunroof - Extensive Advanced Driver Assistance Systems (ADAS) including Surround View Monitor, Parking Collision-Avoidance Assist, Blind-spot View Monitor, Forward Collision-Avoidance Assist, Lane Keeping Assist, Smart Cruise Control, and many more Sustainability wise the INSTER incorporates eco-friendly materials: - Exterior: Black high-gloss recycled paint using coloring from recycled waste tires - Interior: Recycled PET from bottles and bio-polypropylene material from sugarcane Color and Trim Options: A wide range of exterior colors is available, including Atlas White, Tomboy Khaki, Sienna Orange Metallic, and Abyss Black Pearl, with some offered in two-tone combinations. Interior trim choices include Black, and Khaki Brown and Newtro Beige two-tone with full cloth trim. Global Launch: The INSTER will debut in Korea in summer 2024, followed by launches in Europe, the Middle East, and Asia Pacific. Most features will be standard, with some premium options available. Future Variant: Hyundai plans to introduce an INSTER CROSS variant in the future, featuring a more rugged, outdoor-oriented design. The INSTER represents Hyundai's vision for the future of sub-compact EVs, offering a combination of style, efficiency, and advanced technology in a versatile package designed for urban environments.

Hyundai INSTER: new A-Segment sub-compact EV delivers distinctive design and versatility

General Motors' defense subsidiary, GM Defense, is making significant strides in advancing military technology by harnessing the potential of GM's innovative Ultium Platform propulsion architecture. This cutting-edge system is currently undergoing rigorous evaluation and testing, with the aim of revolutionizing power, range, and scalability beyond any of GM's previous hybrid or extended-range electric vehicle technologies.

The Ultium Platform's key strength lies in its adaptability and scalability. It can accommodate various battery chemistries and cell form factors, making it highly versatile and future-proof. This flexibility allows for seamless integration of new technologies as they become available, ensuring that the platform remains at the forefront of innovation.

By leveraging its parent company's battery expertise, GM Defense is well-positioned to address the Department of Defense's (DoD) complex energy and energy storage challenges. The ongoing research and development in this new initiative will provide crucial insights into the performance and design considerations necessary when batteries are subjected to more dynamic and high-power operations than typical civilian applications.

The Office of the Under Secretary of Defense for Research and Engineering's Operational Energy Capability Improvement Fund (OECIF) plays a pivotal role in supporting the development of these advanced power and energy technologies. This support is instrumental in providing the DoD with cutting-edge capabilities and ensuring that power and energy constraints do not hinder military operations.

Steve duMont, president of GM Defense, emphasizes the potential benefits for the Department of Defense, stating, "The Department of Defense can benefit from billions of dollars in GM investments to develop and manufacture transformative battery technologies." He further explains that these technologies offer significant potential to enhance operational capabilities, both in tactical situations and at installations worldwide. duMont expresses GM Defense's enthusiasm for supporting this crucial project and assisting in the transition of these technologies to global defense and government customers.

The University of Texas at Arlington (UTA) is collaborating with GM Defense on this project through its Pulsed Power and Energy Lab (PPEL). David Wetz, a professor of electrical engineering at UTA and director of the PPEL, expresses excitement about working with GM Defense to test the Ultium Platform and determine its potential for future warfighting applications. He highlights PPEL's long-standing relationship with the DoD and the Office of Naval Research in testing the limits of batteries used in high-power applications, positioning them uniquely to evaluate this technology and make recommendations for future use cases.

Peter Crouch, dean of UTA's College of Engineering, underscores the importance of this collaboration, stating that it not only improves the nation's military capabilities but also contributes to workforce development efforts. This partnership helps produce the next generation of engineers capable of solving complex national problems.

GM Defense's involvement in advancing battery technology extends beyond this project. The company has previously announced its participation in the Defense Innovation Unit's Jumpstart for Advanced Battery Standardization (JABS) project. Similar to the EEVBEDE initiative, JABS aims to evaluate and test high-voltage battery systems to optimize commercial technologies for military applications. As part of this project, GM Defense provided a prototype battery system based on GM's Ultium Platform and demonstrated mission power capabilities by integrating a high-voltage battery pack into a light tactical utility vehicle.

The insights gained from the JABS project will inform the integration requirements for future battery-electric defense solutions, further solidifying GM Defense's position at the forefront of military technology innovation.

GM Defense LLC, as a subsidiary of General Motors, brings to the table decades of proven performance and billions of dollars invested in independent research and development. The company leverages GM's world-leading capabilities in global design, engineering, and manufacturing to deliver integrated vehicles, power and propulsion systems, and autonomy and connectivity solutions to global defense, security, and government markets. This unique position allows GM Defense to offer exceptional reliability in its technologies, backed by the extensive resources and expertise of its parent company.

General Motors' defense subsidiary, GM Defense, is making significant strides in advancing military technology by harnessing the potential of GM's innovative Ultium Platform propulsion architecture.

General Motors' defense subsidiary, GM Defense, is making significant strides in advancing military technology by harnessing the potential of GM's innovative Ultium Platform propulsion architecture. This cutting-edge system is currently undergoing rigorous evaluation and testing, with the aim of revolutionizing power, range, and scalability beyond any of GM's previous hybrid or extended-range electric vehicle technologies. The Ultium Platform's key strength lies in its adaptability and scalability. It can accommodate various battery chemistries and cell form factors, making it highly versatile and future-proof. This flexibility allows for seamless integration of new technologies as they become available, ensuring that the platform remains at the forefront of innovation. By leveraging its parent company's battery expertise, GM Defense is well-positioned to address the Department of Defense's (DoD) complex energy and energy storage challenges. The ongoing research and development in this new initiative will provide crucial insights into the performance and design considerations necessary when batteries are subjected to more dynamic and high-power operations than typical civilian applications. The Office of the Under Secretary of Defense for Research and Engineering's Operational Energy Capability Improvement Fund (OECIF) plays a pivotal role in supporting the development of these advanced power and energy technologies. This support is instrumental in providing the DoD with cutting-edge capabilities and ensuring that power and energy constraints do not hinder military operations. Steve duMont, president of GM Defense, emphasizes the potential benefits for the Department of Defense, stating, "The Department of Defense can benefit from billions of dollars in GM investments to develop and manufacture transformative battery technologies." He further explains that these technologies offer significant potential to enhance operational capabilities, both in tactical situations and at installations worldwide. duMont expresses GM Defense's enthusiasm for supporting this crucial project and assisting in the transition of these technologies to global defense and government customers. The University of Texas at Arlington (UTA) is collaborating with GM Defense on this project through its Pulsed Power and Energy Lab (PPEL). David Wetz, a professor of electrical engineering at UTA and director of the PPEL, expresses excitement about working with GM Defense to test the Ultium Platform and determine its potential for future warfighting applications. He highlights PPEL's long-standing relationship with the DoD and the Office of Naval Research in testing the limits of batteries used in high-power applications, positioning them uniquely to evaluate this technology and make recommendations for future use cases. Peter Crouch, dean of UTA's College of Engineering, underscores the importance of this collaboration, stating that it not only improves the nation's military capabilities but also contributes to workforce development efforts. This partnership helps produce the next generation of engineers capable of solving complex national problems. GM Defense's involvement in advancing battery technology extends beyond this project. The company has previously announced its participation in the Defense Innovation Unit's Jumpstart for Advanced Battery Standardization (JABS) project. Similar to the EEVBEDE initiative, JABS aims to evaluate and test high-voltage battery systems to optimize commercial technologies for military applications. As part of this project, GM Defense provided a prototype battery system based on GM's Ultium Platform and demonstrated mission power capabilities by integrating a high-voltage battery pack into a light tactical utility vehicle. The insights gained from the JABS project will inform the integration requirements for future battery-electric defense solutions, further solidifying GM Defense's position at the forefront of military technology innovation. GM Defense LLC, as a subsidiary of General Motors, brings to the table decades of proven performance and billions of dollars invested in independent research and development. The company leverages GM's world-leading capabilities in global design, engineering, and manufacturing to deliver integrated vehicles, power and propulsion systems, and autonomy and connectivity solutions to global defense, security, and government markets. This unique position allows GM Defense to offer exceptional reliability in its technologies, backed by the extensive resources and expertise of its parent company.

GM Defense introduces battery electric technology for future military platforms

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Zee News Rajasthan

Editor

Aishwarya Singh

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