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Electric Mobility for Smarter Cities: The Future of Energy

Zoltán Tűndik

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Electric Mobility Market will observe a lucrative growth from 2018 to 2026 due to rise in demand for and sales of electric vehicles in developing countries due to concerns about high air pollution levels”

Electric mobility refers to all vehicles that are powered by an electric motor or those that receive power or energy primarily from the power grid. Electric mobility includes all-electric vehicles, which include battery operated electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles. Electric mobility is majorly a low or zero-emission vehicle, which contributes significantly toward a greener environment through a reduction in carbon emission.

The surge in emission levels, which are harmful and injurious to the human health and environment, caused by fossil fuel powered vehicles has prompted global and state regulatory bodies to propose, design, and develop eco-friendly machinery and vehicles. This has led to the development and operation of electric mobility, which is considered the best possible alternate vehicle for the environment. A rapid rise in demand for and sales of electric vehicles in developing countries due to concerns about high air pollution levels is a key factor that is projected to drive the electric mobility market during the forecast period.

Additionally, growing support by governments around the world, by means of initiatives and subsidies, around the world is another factor that is anticipated to propel the electric mobility market during the forecast period. Furthermore, rise in adoption of electric mobility for commercial purposes, such as taxis, across the globe, especially in countries such as China, and the U.S., coupled with rising in demand for alternative fuel vehicles is another major factor that is projected to boost the electric mobility market during the forecast period. However, a lack of charging infrastructure coupled with the higher cost of electric mobility is likely to restrain the electric mobility market during the forecast period.

In terms of vehicle type, the electric mobility market can be classified into passenger electric vehicle and commercial electric vehicle. The passenger electric vehicle segment accounts for a higher share of the electric mobility market. This is majorly due to a higher rate of adoption of electric vehicles owing to emission concerns and awareness coupled with stringent government emission norms and policies.

Based on component, the electric mobility market can be bifurcated into electric motor, battery, and other three segments. The battery segment dominated the electric mobility market, primarily due to its application as a highly essential component of any kind of automobile. It serves as a primary power source for electric automotive functions.

Major players operating in the global electric mobility market include Tesla, Inc., Nissan Motor Corporation., Toyota Motor Corporation., Renault, Hyundai Motor Company, General Motors, Ford Motor Company, AB Volvo, BMW AG, BYD Company Limited., Daimler AG, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Tata Motors, and Volkswagen AG.

Get More Insight About Electric Mobility by TMR

Written by Chaitali Gawande

Author Bio: Hi, I am Chaitali Gawande and I am currently working as a Senior SEO analyst. I have good experience in the field of business and industry research. The impact of digital technologies across the science, technology, and business domains gives me writing a fresh and modern content. I have experience in SE rankings, keyword research, website analysing, SEO Content writing, social media optimization and link building. I am also a technology and Automotive

Greetings!!!


Thank you for reading my articles and engaging with the hand picked PICANTE News!


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After accumulating enough experience by launching and building a successful media and events organizer company in the gaming industry, the opportunity to also move into more verticals just came naturally.


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In 2015, I have moved deeper into journalism and media by co-founding a B2B publishing and events organizing company which we run in parallel with PICANTE New. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.


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I have hunger for knowledge and always curious about what happens in tech and this is one of the reasons I've started writing and publishing news about several industries, such as AI, VR / AR, Blockhchain, Fintech. Came to realize there are many new things that are often overlooked in the busy media streams, thus would like to bring you some news about some of the newest releases and happenings.


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Automotive

Jeep® Cherokee Named ‘Most American’ Vehicle on Cars.com’s American-Made Index for Second Consecutive Year

Vlad Poptamas

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Photo source: jeep.com
Reading Time: 2 minutes

 

  • Jeep® Cherokee earns top spot on Cars.com’s annual American-Made Index
  • Cherokee boasts a new-for-2019 premium design, along with a new turbocharged 2.0-liter engine that enhances performance and fuel efficiency

For the second consecutive year, Jeep® Cherokee – the most capable midsize sport-utility vehicle – is ranked first on Cars.com’s annual American-Made Index (AMI).

“The Jeep Cherokee tops Cars.com’s American-Made Index for the second year in a row, taking the number-one position, thanks to high scores across the five major factors analyzed in the index,” said Kelsey Mays, Senior Consumer Affairs Editor, Cars.com.

Now in the second year of its revised methodology, the AMI considers five major factors to zero in on the economic impact of a given model: assembly location, domestic-parts content as determined by the American Automobile Labeling Act, engine sourcing, transmission sourcing and factory jobs provided by each automaker’s U.S. plants.

“As we approach the Fourth of July holiday, we are especially pleased to celebrate Cherokee’s place as the most American vehicle on Cars.com’s American-Made Index for the second consecutive year,” said Jim Morrison, Head of Jeep Brand – North America. “We salute the dedicated employees who build the Cherokee, the most capable midsize SUV on the planet, as well as all the loyal Jeep owners who drive it.”

Jeep Cherokee boasts an authentic and more premium design for 2019, along with the addition of an advanced 2.0-liter direct-injection inline four-cylinder engine that enhances performance and fuel efficiency up to 31 mpg.

Complete with a refreshed fascia, lightweight hood, LED headlamps, daytime running lamps (DRL), fog lamps and liftgate, the Jeep Cherokee is a vehicle that offers a fresh look, and maintains its unmatched capability in all weather conditions, on the road or trail.

Jeep Cherokee is manufactured at the Belvidere Assembly Plant in Belvidere, Illinois. It competes in the largest SUV segment in the United States, with more than 2 million sales annually.

 

SOURCE FCA US LLC

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Artificial Intelligence

GAC Motor Collaborates With Tata Elxsi to Develop Smart Gateway Module

Vlad Poptamas

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Photo source: hindustantimes.com
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Tata Elxsi announced today that it is developing an AUTOSAR-compliant Smart Gateway module for GAC Motors R&D Center. This module will feature in their new range of Electric Vehicles expected to launch in the second half of 2020.

The Smart Gateway module consists of multiple CAN, Ethernet and LIN channels and will act as the communication centre to control the inter-bus communications between various other ECUs like ADAS, IVI, BMS, HUD cluster.

“Tata Elxsi has rich experience in the development of automotive electronics software. We are very happy to leverage Tata Elxsi’s experience on the central gateway product and jointly go for development. This will accelerate our software technology development in the intelligent connected vehicle,” said Zhang Ying, Project Director of Ethernet Gateway, GAC R&D Center.

“We are delighted to partner with GAC R&D Center in the development of the smart gateway to help better manage the increasing complexity of automotive electronic architecture and network, with enhanced safety and security. This win also enables us to leverage our expertise and contribute to the development of intelligent connected vehicles inChina, one of the world’s leading hubs for next-generation mobility systems,” said Nitin Pai, SVP and Global Head of Marketing, Tata Elxsi.

Tata Elxsi works with leading global automotive OEMs, suppliers and chip vendors in system and software development for the next generation of intelligent, autonomous and electric vehicles. This is complemented by a proven suite of software for classic and adaptive Autosar, ADAS and autonomous software and tools for automated testing and validation.

 

SOURCE Tata Elxsi

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Artificial Intelligence

Ideanomics signs MoU with Beijing Foton Motor Company; Definitive Agreement to Follow

Vlad Poptamas

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Photo source: ideanomics.com
Reading Time: 2 minutes

 

Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”), a global Fintech and AI catalyst for transformative industries, today announced the signing of a MoU with Beijing Foton Motor Company(“Foton”), which will serve as a pre-cursor to a definitive agreement, to allow the two parties to begin working immediately.

The agreement for China-based activities is a 2-year deal, at 5 Billion RMB (approximately $750 Million) per year, making the overall deal valued at 10 Billion RMB (approximately US $1.5 Billion). Ideanomics will provide ABS lease financing of 10 Billion RMB over two years, and fulfill with for Foton on orders of 60,000 EV buses, broken down as follows: 1) not less than 20,000 vehicles from state-owned large-scale tourism groups and referred to as “Tourist bus orders”; 2) no less than 20,000 bus orders from local governments or local bus transportation systems; 3) no less than 20,000 Tourist bus orders from major domestic tourism associations and/or their members. Furthermore, for bus orders introduced by Ideanomics, a commission will be paid for each bus unit sold, at an amount to be determined according to each respective order.

For Malaysia-based activities, including cooperation for the extended ASEAN region, the supply of bus parts and systems, including EV batteries, and a cooperation on the implementation of a charging network, for which Ideanomics shall source no less than 6,000 vehicles from the Malaysian central government and its departmental agencies including EV buses and Police passenger vehicles (cars and motorcycles). For orders within Malaysia and the ASEAN region, Ideanomics shall be entitled to commission per unit sold, at an amount to be determined according to each respective order.

For Vietnam-based activities, Ideanomics shall source no less than 20,000 vehicles, both EV Bus and passenger car for e-taxi conversion, with Foton making available its 30,000-part bus system and technology for assembly in Vietnam. The agreement allows for negotiations with the Vietnam state electrical grid, to introduce a national charging network.

The agreement also allows for projects in other geographical areas, including Europe and the Americas, on a project-by-project basis.

“We are very grateful for the efforts of Dr. Wu, Avis Zhu and the entire China-based Ideanomics team, with support from our colleagues at Treeletrik in Malaysia, for successfully delivering on this deal. Foton is arguably the premier EV bus manufacturer globally, and this agreement positions us to further consolidate our position as a global EV advisory services company, as well as enable us to expand our footprint beyond China with the leading EV bus product available today. The fact Foton promoted signing a MoU, to allow the parties to begin activities immediately while the broader definitive agreement is signed, is testament to our growing reputation as the advisory partner of choice for large-scale EV initiatives in Asia,” said Alf Poor, CEO of Ideanomics.

Beijing Foton’s commercial division is focused on building a future of efficient and environmentally friendly EV Buses and other commercial vehicles, as a vehicle manufacturer. Ideanomics is leading the way for the future of ABS financing, technology enablement with the application of blockchain and artificial intelligence technologies as part of the next-generation of financial services,” said Mr. Liang Shaowen, of Beijing Auto Foton Commercial Vehicle. “Together, Foton and Ideanomics will seize upon the opportunity of large-scale EV and Hydrogen replacement of public and private transportation infrastructure in major markets and the same time raise the standard for technologically advanced vehicles which offer dependability, reliability and improved customer satisfaction. This, coupled with compelling, economically viable, financing programs for the cities and bus operators that manage these fleets will serve a much-needed gap in the market.”

 

SOURCE Ideanomics

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