China got a bit of a late start on the internal combustion engine and has yet to produce a globally-competitive home-grown automaker. So Beijing decided several years ago that it might be better to leapfrog that entire generation of cars and go straight to electric vehicles instead.
Unfortunately, it’s proved harder than expected to build an affordable and practical electric car in China; despite hefty government subsidies, private sales of electric cars have not got off the ground. Maybe it has something to do with the fact that there is no public infrastructure for charging private vehicles (taxi fleets have proven easier to convert to electric). Read more
By Guy Norton of bne
Since declaring independence in 1991, Croatia has lost a staggering 80 per cent of its manufacturing base.
But if the long-cherished plans of a couple of Croatian companies come to fruition, the country could soon become known as the home of an innovative, high-tech automotive industry that builds on the proud legacy of one of its most famous sons, electrical engineering genius Nikola Tesla. Read more
Electric cars may be struggling to build sales momentum, but that’s not stopping Chengdu Tianqi Industry from making a bold bet that demand for lithium-powered products can only go in one direction – up.
The Chinese battery maker on Monday gatecrashed US chemical maker Rockwood Holding’s bid for Perth-based miner Talison Lithium with a C$806m ($803.3m) takeover offer. The bid, at C$7.15 a share, represents a 10 per cent premium to Rockwood’s C$724m (or C$6.50 a share) bid. Read more
Anyone who has driven through the smog-choked streets of New Delhi, or the bumper-to-bumper honking cacophony that passes for driving in much of Mumbai and Bangalore from anywhere between 9am to 9pm knows that India could use both cleaner and quieter cars.
On Wednesday, the government seemed to acknowledge that fact, approving a $4.1bn plan that aims to put 6m green vehicles on India’s streets by 2020. There’s just one problem: power. Read more
News this week that the bankrupt Swedish carmaker has been bought by a Chinese-led investment group and will be turned into a maker of electric cars for Asian markets seems, at last, to bring Saab’s sad story to a long-awaited resolution.
But the deal raises as many questions as it answers. Read more
Electric vehicles might have yet to catch on in India but that hasn’t stopped one Indian company from seeing the money-spinning potential of electric motorcycles and scooters.
Hero Eco – owned by the same parent company as India’s largest two-wheeler maker, Hero Motocorp – is hoping to boost its presence in the electric two-wheeler industry with the acquisition of Ultra Motors – a UK-based manufacturer. Read more