Charged Up: From EV Struggles to Smart Cities
Dear readers,
HiPhi, a struggling Chinese EV startup, has resumed its after-sales services in over 20 cities after a six-month production halt due to financial difficulties. The company is working with Jiangsu Yueda Automobile Group to secure spare parts during its reorganization.
In China, experts see AI as key to advancing the green energy sector, enhancing the integration of renewable sources into the grid and optimizing energy use. AI applications are being explored in areas like power grid inspections and offshore wind resource management, though challenges remain in power scheduling accuracy.
India's Road Transport and Highways Ministry is developing pilot hubs in cities like Katra and Tirupati to centralise multiple transportation systems, aiming to improve efficiency and connectivity.
Greaves Finance and River Mobility have partnered to offer customised financing solutions for electric scooters in India, with options starting at a 5.99% interest rate.
Panasonic is establishing domestic EV battery production bases in Japan in collaboration with Subaru and Mazda.
In South Korea, Dongwon Logistics has implemented an AI-powered CCTV system to prevent electric forklift fires, saving 200 million won in insurance premiums. This system uses thermal imaging to detect early signs of fire, significantly enhancing safety in their logistics centre.
Hyundai Motor Company is entering the Thai EV market with its Ioniq series, aiming to compete with dominant Chinese brands.
Former President Donald Trump has expressed his intention to consider scrapping the $7,500 EV tax credit if re-elected. He has criticised the credit as "ridiculous" and also mentioned a potential advisory role for Tesla CEO Elon Musk in his administration.
Jeep will launch its first electric SUV, the Avenger, in South Korea on September 4, priced competitively in the 40 million won range after subsidies. The Avenger offers off-road capabilities and modern features, aiming to compete with both domestic and imported electric vehicles.
Hsinchu County and City in Taiwan have secured top spots in smart city reputation rankings, with Chiayi County emerging as a strong contender due to its drone industry. Chiayi is also advancing smart city initiatives with AI and 5G technology to boost tourism.
Taiwan's Smart Energy Week and Net Zero Sustainability Exhibition showcased innovations in green energy, featuring 470 companies and 1,625 booths. The event emphasised the importance of renewable energy in achieving net-zero carbon emissions, attracting significant interest from major solar and wind energy firms.
Zhenglong, a Taiwanese company, has secured a 5 billion yuan ESG loan from a consortium of banks to support its low-carbon smart papermaking initiatives. The company is committed to sustainable manufacturing, using AI to improve production efficiency, and expanding its operations in Vietnam.
Jürgen Germeys
China
Yicai Global | English | News
HiPhi, a struggling Chinese electric vehicle manufacturer, has resumed its after-sales services following a six-month production halt that began in February due to financial difficulties. The company is working with Jiangsu Yueda Automobile Group to procure spare parts for these services until the completion of its reorganisation process. After-sales service operations have begun in over 20 cities. Founded in 2017, HiPhi released its first model, the HiPhi X, in 2020, but has struggled against competitors in the crowded NEV market. In February, the company halted production amid a distressed capital situation, leading to a court-approved pre-restructuring application in July. HiPhi specialises in high-end electric models priced up to CNY800,000 (USD112,010) and recorded sales of 8,681 units last year.
China Daily | English | News
Experts emphasise the potential of artificial intelligence (AI) to enhance the energy industry despite the challenges posed to global climate goals. The integration of AI can improve the incorporation of renewable energy sources into the grid and optimise energy consumption. Leaders in the field, such as Yu Xiaohui from the China Academy of Information and Communications Technology, advocate for the integration of data resources with China's energy sector to explore AI applications. Zhou Fanke from Huawei notes that while China is still exploring AI's role, large-scale AI models can help stabilise power systems amidst the adoption of intermittent renewable sources. Current AI applications in the energy sector focus on power grid inspections, operations, maintenance, and customer service, though challenges remain in power scheduling accuracy. Shi Hang from CSSC Science and Technology highlights AI's importance in assessing and utilising offshore wind resources, aiming to enhance data analysis and improve power generation predictions. CSSC has introduced AI-powered Synthetic Aperture Radar to significantly reduce costs for offshore wind projects. AI is expected to enhance predictive maintenance, fault detection, and operational optimisation in the wind energy sector.
India
The Economic Times | English | News
The Road Transport and Highways Ministry of India is planning to develop public transport and terminal infrastructure to centralise various transportation systems, including roadways, railways, airways, waterways, and ropeways, into a single location. This initiative aims to improve the efficiency of freight and passenger movement and enhance the overall passenger experience. The ministry plans to establish two pilot hubs in Katra and Tirupati, along with another two in Varanasi and Nagpur, through National Highways Logistics Management. The development is expected to yield multiple socio-economic benefits by reducing urban congestion and improving connectivity, as travellers often struggle with fragmented transport systems. Integrating different modes of transportation will simplify journeys, facilitate transfers, and improve economic activity.
Hindu Business Line | English | News
Greaves Finance Limited, a subsidiary of Greaves Cotton Ltd., has partnered with River Mobility Private Ltd. to provide customised financing solutions for River's electric scooters. The collaboration, announced on August 20, 2024, aims to enhance accessibility to these vehicles for consumers across India through Greaves' evfin platform. Financing options will begin at an interest rate of 5.99% with loan approvals in under five minutes, and will include upgrade and buyback programs. Greaves Finance CEO P. B. Sunil Kumar and a River spokesperson emphasised the partnership's commitment to improving customer experience and satisfaction.
Japan
パナソニック、国内向けＥＶ電池の生産拠点整備へ…スバルやマツダと連携し群馬?広島?山口に
Yomiuri Shimbun | Local Language | News
Panasonic Holdings is in the final stages of establishing domestic EV battery production bases in collaboration with Subaru and Mazda. Currently, Panasonic primarily supplies batteries to Tesla. This partnership aims to diversify Panasonic's supply base and enhance profitability while providing Subaru and Mazda with a reliable source of proven batteries. Panasonic plans to set up a new production line in Gunma Prefecture for Subaru, focusing on cell manufacturing and packaging, and to establish packaging lines in Hiroshima and Yamaguchi for Mazda, sourcing cells from its Osaka factory. Both automakers intend to commence mass production of EVs in the latter half of the 2020s and may utilise existing factory space for new battery production. The Japanese government has classified EV storage batteries as "specific important materials," paving the way for potential subsidies under the Economic Security Promotion Act. This collaboration comes as Panasonic seeks to reduce its reliance on Tesla due to declining orders amid a slowdown in EV demand in North America. The partnership is expected to ensure a stable supply of high-performance, safe batteries for Subaru and Mazda.
South Korea
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Joongang Ilbo | Local Language | News
Dongwon Logistics has implemented an AI CCTV system to monitor approximately 70 electric forklift chargers at its Baekam Logistics Center in Yongin, Gyeonggi Province, 24/7. This initiative, introduced after a significant fire incident in a logistics center in 2021, aims to mitigate fire risks associated with electric forklifts, which are increasingly utilised in the industry. The facility employs 240 cameras, with 33 AI CCTVs and 18 thermal imaging cameras, positioned at a height of 3 metres to quickly detect initial stages of fires, such as flames and smoke, before traditional fire alarms. As a result of these measures, Dongwon Logistics has saved around 200 million won in fire insurance premiums, despite a general industry increase of approximately 50%. The AI system also alerts the control center and relevant personnel to any unusual activities, enhancing overall safety and risk management in the warehouse. The global market for AI CCTV technology is anticipated to grow significantly in the coming years, reflecting the rising demand for advanced safety measures in industrial settings.
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领英推荐
ET News | Local Language | News
Hyundai Motor Company is entering the Thai electric vehicle market with the launch of three Ioniq models, including the Ioniq 5 and 6, aimed at competing with dominant Chinese automakers. Customer deliveries for these models are expected to begin by the end of the third quarter, pending the finalisation of government subsidies, which can reach up to 100,000 baht for eligible electric vehicles. The Ioniq 5 and 6, built on Hyundai's E-GMP platform with batteries from LG Energy Solution and SK On, will be produced in Ulsan, South Korea, and exported to Thailand. Hyundai is also seeking government certification for performance and energy efficiency to qualify for subsidies. In addition to the initial models, Hyundai plans to introduce the high-performance Ioniq 5 N next year, which boasts a driving range of 350 km and can accelerate from 0 to 100 km/h in 3.4 seconds. Current market data indicates that electric vehicles accounted for over half of all eco-friendly vehicle sales in Thailand, with Chinese brands leading the market. To strengthen its competitive position, Hyundai plans to invest 1 billion baht in establishing a local assembly plant in Thailand, targeting production start by 2026, possibly for the Ioniq 5 and 6 models.
Yonhap | English | News
Former President Donald Trump indicated he would consider eliminating a $7,500 tax credit for electric vehicle purchases if he is reelected. He referred to the credit as "ridiculous" and expressed scepticism about tax credits and incentives. Trump made these comments during a rally in Pennsylvania as he campaigns against Vice President Kamala Harris for the upcoming election. He also noted a willingness to appoint Tesla CEO Elon Musk to a Cabinet or advisory role if Musk would accept the position, highlighting their positive relationship.
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ET News | Local Language | News
Jeep will launch its first electric SUV, the Avenger, in Korea on September 4. Priced in the late 40 million won range with subsidies, the Avenger aims to compete with domestic and imported electric vehicles. Jeep has completed all certification and will deliver the first 100 units next month, with media test drives scheduled for later this month. The Avenger features a 54 kWh battery, a driving range of 292 km on a single charge, and off-road capabilities enhanced by the Selec-Terrain system. Its design reflects Jeep heritage, showcasing a boxy body and distinctive LED elements. The interior includes modern storage solutions and an infotainment system with Uconnect 5. The pricing is competitive, with the Longitude trim available for approximately 48.49 million won after subsidies. Despite concerns over electric vehicle safety, the automotive industry continues to launch new models.
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Joongang Ilbo | Local Language | News
Ms. Moon, a 37-year-old resident of Seoul, canceled her purchase of a small electric vehicle after reassessing its cost-effectiveness, influenced by recent incidents of electric vehicle fires and increasing insurance premiums. Although initially attracted by the savings on fuel and the vehicle's environmental benefits, Moon realized that the savings were minimal unless driving long distances frequently. The article highlights a growing trend among consumers to rethink the financial viability of electric vehicles. Despite government subsidies, electric cars remain pricier than gas-powered counterparts, such as the Tesla Model 3 versus the Genesis G70. Insurance premiums for electric vehicles are also higher, averaging 893,000 won, and can be up to 1.4 times that of traditional vehicles due to greater repair costs associated with electric vehicle fires. For a typical user driving 15,000 km annually, fuel costs for electric vehicles are lower compared to gas vehicles, leading to an estimated payback period of 3.5 years. However, for those driving less than 10,000 km annually, this period extends significantly. When comparing electric to hybrid vehicles, such as the Kia Niro, an electric vehicle buyer might take up to 36 years to break even. Experts advise potential buyers to weigh the benefits and costs thoroughly, considering factors like battery maintenance and individual driving patterns.
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ZD Net Korea | Local Language | News
Electric vehicle fires have raised concerns around battery safety, specifically concerning the form factor of the batteries used. There are three primary battery types: pouch, square, and cylindrical. Pouch batteries are often seen as less safe due to their weaker aluminium film casing, which is more vulnerable to external impacts compared to the stronger aluminium can used in square and cylindrical batteries. While pouch batteries produced by LG Energy Solution and SK On have been associated with a significant number of reported fires, some argue that the prevalence of pouch batteries in early electric vehicles may skew these statistics. The concept of 'thermal runaway,' where heat builds up in one cell and spreads to others, is a major concern, particularly with pouch batteries, which have been linked to several fire incidents, including a recent Mercedes-Benz model fire attributed to a pouch battery. Industry observations reveal that different markets have varying preferences for battery types, with China favouring square batteries, Europe primarily using pouch batteries, and the U.S. leaning towards cylindrical designs. Research indicates that pouch batteries transfer heat faster than other forms, leading to quicker fire spread. However, pouch manufacturers argue that their flexible outer materials may mitigate rapid fire spread. The introduction of 'Cell-to-Pack' technology in pouch batteries, which reduces the number of modules, has raised additional safety concerns given the weaker construction of pouch batteries. Despite these issues, companies like LG Energy Solution are developing strategies to enhance safety alongside this new technology. In response to safety concerns, the adoption of square batteries is on the rise in the European market. These batteries benefit from structural advantages that facilitate cooling and heat management. Overall, experts emphasize that battery safety cannot be solely determined by form factor, and many factors, including battery management systems and vehicle components, contribute to the overall risk of fires in electric vehicles.
Joongang Ilbo | English | News
The government plans to enhance electric vehicle (EV) safety by expanding the budget next year to install 90,000 fire-prevention EV chargers. This initiative was revealed during a consultation meeting with the People Power Party lawmakers. Finance Minister Choi Sang-mok stated that the response system for new disaster risks, particularly EV fires, will be strengthened. The government's action follows increased concerns about EV battery safety, especially after a recent explosion of a Mercedes EV that caused significant damage. Additionally, subsidies for EV purchases will double to six million won ($4,510) for families with two or more children, and there will be increased public transportation fare discounts for multi-child households.
Joongang Ilbo | English | News
The Seoul Metropolitan Government implemented a guideline limiting electric vehicle (EV) charging levels to address safety concerns following a recent fire incident involving a Mercedes-Benz EV. This rule mandates that EVs be charged to 90 percent or less to enter underground parking, with an 80 percent limit for public rapid charging. Following a fire that damaged hundreds of vehicles and disrupted utilities, EV owners have expressed frustration, as the implicated vehicle was neither charging nor fully charged when the incident occurred. Experts criticise the rule as an impractical stopgap, arguing that battery design prevents full charges and that charging levels are not directly linked to fire risk. Further complicating the situation, some owners feel the policy infringes on property rights by limiting vehicle range and questioning the basis for the new restrictions. The government plans to announce additional guidelines in early September, which may include revised charging limits and transparency measures for battery specifications.
Taiwan
【試駕】市場最狂、最好玩、最平價的性能電動車－Hyundai Ioniq 5 N
The Storm Media | Local Language | News
The Hyundai Ioniq 5 N is the brand's first high-performance electric car, designed with track performance in mind while maintaining characteristics from the original model. Despite its weight of 2,232 kg and height of 1,585 mm, the Ioniq 5 N boasts impressive specifications, including a maximum horsepower of 650 hp and a peak torque of 78.5 kgm, allowing acceleration from 0 to 100 km/h in just 3.4 seconds. The car balances between everyday usability and high performance, with an N mode that enhances its track capabilities. The Ioniq 5 N offers customisable settings for motor output and suspension, allowing it to transition from a recreational vehicle to a performance-focused machine. However, the initial acceleration may not feel as powerful as other electric vehicles, making it more suitable for daily driving without a jarring driving experience.
智慧城市聲量排名 新竹縣市穩奪冠亞 嘉義縣黑馬奪第三
United Daily News | Local Language | News
Hsinchu County and City have topped the smart city reputation rankings in Taiwan, with significant online discussions attracting 4,462 and 4,109 posts, respectively. Chiayi County emerged as a surprising third place with over 4,000 posts. Hsinchu City, housing the Hsinchu Science Park, leads in science park discussions. Hsinchu County benefits from the spillover effect of the Bamboo area and has a high discussion volume related to the science park, influenced by major tech companies engaged in AI. Meanwhile, Chiayi County's rise is attributed to its drone industry, which accounts for a significant portion of discussions. Chiayi Mayor Weng Zhangliang has promoted this sector, including a collaboration with U.S. firms in drones. Additionally, Chiayi is implementing 5G technology and plans to introduce an AI navigation system to enhance tourism. The broader goal is for Taiwan to evolve into a key player in AI technology, requiring all regions to participate in the shift towards smart cities.
智慧能源週、淨零永續展 助業者開拓綠色低碳新商機
ETtoday | Local Language | News
The "Taiwan International Smart Energy Week" and "Taiwan International Net Zero Sustainability Exhibition" took place from October 2 to 4, 2023, at Taipei Nangang Exhibition Hall 2. Organised by the Foreign Trade Association and the Green Energy and Sustainability Alliance, this year's exhibition featured 470 companies and 1,625 booths, marking a 25% increase in scale from the previous year. The exhibition focused on energy creation, storage, and conservation, emphasising the connection within the renewable energy supply chain. As nations work toward net-zero carbon emissions, there’s a heightened focus on renewable energy, driven partly by increased power demands from the AI industry. Taiwan aims to enhance its use of green electricity, with significant investments in solar energy projects. The exhibition covers diverse topics, including renewable technologies, and aims to assist companies in transforming their operations towards net-zero standards. The Net-Zero Sustainability Exhibition emphasised green finance, low-carbon transportation, and carbon management solutions, helping firms strengthen their green supply chains. Notable participants included major solar and wind energy companies, with new entries like Fox, Advantech, and Tesla Energy. A special carbon school was included to provide attendees with practical courses and consultations on carbon reduction strategies and sustainable development. The event aims to foster innovation and expand business opportunities in the green energy sector.
正隆攜手一銀完成50億元ESG聯貸 助功低碳智慧造紙
ETtoday | Local Language | News
Zhenglong has collaborated with a consortium of nine banks, including First Bank of China, to secure a 5-year ESG joint loan totaling 5 billion yuan to advance low-carbon smart papermaking. The loan was oversubscribed by 153%, amounting to 7.65 billion yuan. Zhenglong is committed to sustainable manufacturing, having introduced AI in production and significantly improved efficiency through data analysis. The company's overseas operations include the commercialization of its Binh Duong Paper Mill in Vietnam and the ongoing expansion of production lines in South Vietnam and Bac Giang. In the first half of this year, Zhenglong reported a revenue of 20.78 billion yuan, with a net profit of 437 million yuan. The company has been recognized as one of the top 200 clean companies globally and is actively promoting green finance initiatives in alignment with its ESG goals.