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Jaguar details the technology behind the I-Pace

Jaguar I-Pace

Ahead of it public debut at the Geneva International Motor Show next month, McLaren has released further information on the Senna. Fitted with a 4.0-liter twin-turbocharged V8 – McLaren’s most powerful IC engine ever produced for a road car – the limited release hypercar will develop 800ps and 800Nm.

Toyota details its new Dynamic Force engine

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The Japanese OEM has revealed its all-new powertrain system which is set to be installed in 80% of Toyota vehicles by 2023. Based on the Toyota New Global Architecture, the technology will feature a new continuously variable transmission (CVT), a 6-speed manual transmission and a 2.0-liter hybridized engine unit.

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As OEMs continue to announce plans to end production of diesel engines, Mercedes-Benz has unveiled its new diesel PHEV C-Class at the Geneva Motor Show. Will this powertrain development give TDI a new lease of life? 


Origo confirms battery investment

Origo has announced the acquisition of a 16.5% stake in Unipower Battery for an aggregate amount of US$4.3 million.

Unipower is a new venture established to provide lithium-ion batteries and elated materials to China's burgeoning electric vehicle market. The company is in the process of being spun out from the Huanyu Group, one of the largest privately held rechargeable battery manufacturers in China. 

Thanks to significant government support, as well as longer term market dynamics supporting growing demand for electric and hybrid vehicles in China and across the world, the market for Unipower's products is expected grow substaintally, which led to Origo’s investment. The Chinese government hopes to achieve production capacity of 500,000 electric and hybrid cars in China by 2011. To this end, the Chinese Government has recently drafted the 2011-2020 new energy automobile development plan, which recommends over US$15 billion in subsidies be provided to support the electric vehicle market. Furthermore, the Chinese Government recently announced a pilot subsidy program to encourage private purchases of hybrid and electric cars in the cities of Shanghai, Changchun, Shenzhen, Hangzhou and Hefei. Under the pilot scheme, consumers will receive a one off subsidy of up to US$9,000 when purchasing a hybrid or electric vehicle.

Under the terms of the transaction, Huanyu will transfer its lithium-ion business and related assets (comprising IP, sales and purchase contracts, production lines, R&D facilities and related equipment) to Unipower. Origo will subscribe for US$4.3 million of preferred stock for an aggregate 16.5 % interest in Unipower.

Commenting on the announcement, Chris Rynning, Origo CEO, said:  "We see a tremendous opportunity in the electrical and hybrid vehicle market over the next few years as China and the developed markets in the EU and the US begin to commercialize lithium-ion battery technologies. We are delighted to be able to partner with an industry leader like Huanyu to capture this opportunity, and we look forward to working closely with Unipower and its stakeholders in growing the business."


2 September 2010


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