An EV uses the same rechargeable lithium-ion batteries that are in your laptop or mobile phone, they’re just much bigger and much more expensive.
Toyota said on Tuesday it expects to spend more than US$13.5-billion (R193-billion) by 2030 to develop batteries and its battery supply system — a bid to lead in the key automotive technology over the next decade.
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Government and automotive original equipment manufacturers are working towards accelerating the development of manufacturing capabilities for new energy vehicles in South Africa.
Sasol and project partner Toyota will install hydrogen refuelling infrastructure along the N3 highway connecting Johannesburg and Durban, CEO Fleetwood Grobler said in a statement on Wednesday.
When Samsung Electronics says there is a “serious imbalance in supply and demand” for chips, there can be little doubt that we are dealing with a severe semiconductor shortage.
Tesla shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric car maker and its traditional auto industry rivals.
Toyota is set to produce its first “hybrid synergy drive” (petrol-electric) car on the African continent at its plant in Durban, as part of a R2.5-billion investment in a new production line.
Tesla’s rapid rise to become the world’s most valuable car maker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software.
It was sold as an all-or-nothing moonshot into space, the boldest pay package in corporate history. Now, with Tesla’s stock on a seemingly unstoppable rise, Elon Musk is poised to collect $2.4-billion.