BEV

Beam Global Granted European Patent for Thermal Management Technology that Makes Lithium-ion Batteries Safer

Retrieved on: 
Thursday, February 22, 2024

The European Patent Office granted European Patent No.

Key Points: 
  • The European Patent Office granted European Patent No.
  • We now have various patents covering our battery technology and innovations in the US, China, the European Union, France, Germany and India,” said Desmond Wheatley, Beam Global’s CEO.
  • Beam Global’s patented battery solutions are designed to make this dominant technology safer.
  • Early 2024 data shows global EV sales up 69% in January 2024 compared to January 2023.

BEV Shoppers Lack Awareness of Vehicle-to-Home, Vehicle-to-Grid Capabilities

Retrieved on: 
Tuesday, February 20, 2024

When asked about vehicle-to-home (V2H) energy systems, whereby vehicle owners can leverage their BEV battery as a backup power source, 42% of vehicle shoppers reported never having heard of the concept.

Key Points: 
  • When asked about vehicle-to-home (V2H) energy systems, whereby vehicle owners can leverage their BEV battery as a backup power source, 42% of vehicle shoppers reported never having heard of the concept.
  • Consumers demonstrate even lower levels of recognition for vehicle-to-grid (V2G) programs, which enable BEV owners to sell power back to the grid.
  • The report seeks to understand consumer expectations of BEV charging and the charging experiences of current BEV owners.
  • This points to a need for clear, concise messaging that emphasizes the longevity of BEV batteries and demonstrates how V2H and V2G programs can help BEV owners unlock new capabilities without compromising vehicle performance.

Load King and Custom Truck One Source to Showcase Electric and Hybrid Innovations at NTEA Work Truck Week 2024

Retrieved on: 
Wednesday, February 28, 2024

Load King and Custom Truck One Source, Inc. (NYSE: CTOS) are proud to announce their participation in the upcoming NTEA Work Truck Week, taking place from March 5-8, 2024, at the Indiana Convention Center, Indianapolis, Indiana.

Key Points: 
  • Load King and Custom Truck One Source, Inc. (NYSE: CTOS) are proud to announce their participation in the upcoming NTEA Work Truck Week, taking place from March 5-8, 2024, at the Indiana Convention Center, Indianapolis, Indiana.
  • This premier industry show serves as a platform for participating companies to exhibit their latest advancements in electric vehicle and hybrid technology.
  • Load King Voyager® I, 11’ Mechanics Truck: This unit showcases a hybrid solution with the Lightning PTO and Bergstrom eCoolPark electric, AC Cooling system.
  • Join us at NTEA Work Truck Week 2024 to experience the future of the work truck industry and discover how Load King and Custom Truck One Source are driving progress through innovation.

Quality and Styling Distinguish Top EV Models, but Public Charging Woes Felt by All, J.D. Power Finds

Retrieved on: 
Tuesday, February 27, 2024

Quality and cost of ownership have emerged as the top factors influencing satisfaction, according to the J.D.

Key Points: 
  • Quality and cost of ownership have emerged as the top factors influencing satisfaction, according to the J.D.
  • Both models rank highest in their respective segment on the strength of their performance in the vehicle quality and reliability factor.
  • Each model scores more than 60 points (on a 1,000-point scale) higher than their respective nearest segment competitor for that factor.
  • Following are key findings of the 2024 study:
    Public charging isn’t just bad—it’s getting worse: The study finds that the public charging experience continues to be a major source of EV owner frustration.

Mercedes-Benz Group 2023 Results*: Cash Generation at Work

Retrieved on: 
Thursday, February 22, 2024

Any future free cash flow from the industrial business as available (post potential small-scale M&A) beyond the approx.

Key Points: 
  • Any future free cash flow from the industrial business as available (post potential small-scale M&A) beyond the approx.
  • 40 percent dividend payout ratio of Group Net Income, shall be used to fund share buybacks with the purpose of redeeming shares.
  • Group Free Cash Flow of the Industrial Business is seen slightly below the very strong levels from 2023, due to lower EBIT at Cars and Vans and lower CCR at Vans.
  • Link to capital market presentation on full year 2023: group.mercedes-benz.com/results-2023
    Pictures of the Annual Results Conference 2023 will be available here: group-media.mercedes-benz.com
    Further information on Mercedes-Benz Group AG is available at:

BYD Set to Challenge Tesla for the Crown in EV Sales in 2024, Says TrendForce

Retrieved on: 
Tuesday, February 20, 2024

TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.

Key Points: 
  • TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.
  • However, growth is slowing down due to a high base effect, and limited sales growth in other regions cannot compensate for the gap left by the Chinese market.
  • In 2023, Tesla continues to lead BEV rankings with a 19.9% market share, closely followed by BYD, which narrowed the sales gap with Tesla to 248,000 units.
  • TrendForce believes that BYD has the potential to challenge Tesla’s dominance in the BEV market this year.

Sudbury Drives BEV Innovation, Mining Electrification and Sustainability Efforts

Retrieved on: 
Sunday, March 3, 2024

"Sudbury is home to the land, the talent and the resources that are driving innovation and sustainability in the mining supply and service sectors," said Greater Sudbury Mayor Paul Lefebvre.

Key Points: 
  • "Sudbury is home to the land, the talent and the resources that are driving innovation and sustainability in the mining supply and service sectors," said Greater Sudbury Mayor Paul Lefebvre.
  • "Those resources are allowing us to meet the needs of the BEV transformation and electrification of mines around the world.
  • As a beacon of mining electrification, Sudbury's post-secondary institutions have introduced BEV programs aimed at nurturing skilled labour and fostering cutting-edge research and development initiatives.
  • Learn more at investsudbury.ca/bevindepth2024/
    To dive deeper into the vast array of opportunities surrounding BEV and the electrification of mines in Sudbury, we invite you to explore investsudbury.ca.

NaaS Technology Collaborates with Geely Auto to Provide Millions of EV Owners with More Accessible Charging Services

Retrieved on: 
Friday, March 1, 2024

As agreed, NaaS and its strategic partner Kuaidian will jointly give Geely EV owners access to a multitude of charging piles dotted around the country.

Key Points: 
  • As agreed, NaaS and its strategic partner Kuaidian will jointly give Geely EV owners access to a multitude of charging piles dotted around the country.
  • Using "one-click pile searching", "one-click charging", "one-click payment" and other convenient features at Geely Auto app, mini program and Kuaidian app, EV owners can enjoy more efficient charging and service.
  • NaaS has already worked with ZEEKR, a luxury intelligent BEV brand of Geely Auto, to provide accessible charging services for millions of car owners.
  • By leveraging developed charging solutions as well as extensive resources and experience built up on charging service market, NaaS vows to help more automakers like Geely to make EV charging more accessible, and jointly bring EV charging service to a new level."

MITSUBISHI MOTORS RECOGNIZED BY S&P GLOBAL MOBILITY FOR THE "MOST IMPROVED ALTERNATIVE POWERTRAIN LOYALTY TO MAKE FOR 2023"

Retrieved on: 
Thursday, February 29, 2024

FRANKLIN, Tenn., Feb. 29, 2024 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA) announced today that it has been recognized by S&P Global Mobility for having the "Most Improved Alternative Powertrain Loyalty to Make" for the 2023 calendar year1.

Key Points: 
  • FRANKLIN, Tenn., Feb. 29, 2024 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA) announced today that it has been recognized by S&P Global Mobility for having the "Most Improved Alternative Powertrain Loyalty to Make" for the 2023 calendar year1.
  • The Mitsubishi Outlander Plug-in Hybrid is the perfect stepping-stone from today's internal combustion engine (ICE) vehicles to tomorrow's full battery-electric vehicles (BEV).
  • But its ability to operate on both electricity and gasoline also is the perfect destination vehicle for some customers too.
  • "In today's hypercompetitive market, retaining customers is more important than ever," said Joe LaFeir, president, Automotive Insights, S&P Global Mobility.

S&P Global Mobility Recognizes 28th Annual Automotive Loyalty Awards Winners; General Motors, Tesla and Lincoln Nautilus take Top Awards for Loyalty in 2023

Retrieved on: 
Monday, February 26, 2024

SOUTHFIELD, Mich., Feb. 26, 2024 /PRNewswire/ -- S&P Global Mobility today announced the winners of its 28th annual Automotive Loyalty Awards, recognizing General Motors as the winner of its 'Overall Loyalty to Manufacturer' award and Tesla for 'Overall Loyalty to Make.' In a new addition to the awards for 2024, the Lincoln Nautilus was recognized in the 'Overall Loyalty to Model.' category.   

Key Points: 
  • In a new addition to the awards for 2024, the Lincoln Nautilus was recognized in the 'Overall Loyalty to Model.'
  • Tracking consumer buying activity from January-December 2023, the industry is showing continued signs of recovery, as both retail sales and loyalty increased year-over-year.
  • In this year's Loyalty Awards, S&P Global Mobility added a new award to acknowledge a single model's leadership in model level retention, with the "Overall Loyalty to Model" award.
  • In 2023, more than 42% of Nautilus owners returning to market for their next vehicle chose another Nautilus during calendar year 2023.