The Drive e0 PP03 one megawatt AWD battery electric racer driven by Kiwi Rhys Millen has become the first electric vehicle to qualify P1 overall at the 93rd running of the Pikes Peak International Hill Climb.
The 2015 event could go in history as the first outright win by a battery electric race car.
With Mitsubishi's EV works team, who funished 2nd and 3rd outright in 2014, absent for this years race, the competition is between two Megawatt class EV teams. Multiple champion Nobuhiro Tajima has teamed up with Rimac Automobili to build a 1.1 MW AWD racer while Rhys Millen drives for Latvian team Drive e0 with the 1 MW AWD special.
Racing starts @ 8 AM MDT (Mountain Daylight Time - GMT -6 Hrs) Sunday 28th June.
General Motors engineers say early testing of its upcoming Chevrolet Bolt EV is affirming their estimates that the car will have a range of 320 km (200 miles) between charges.
The automaker has produced 55 prototypes of the all-electric vehicle at plants in Seoul, South Korea, and Orion Township. They have been driven hard throughout GM's Milford Proving Grounds and early results are positive, engineers say.
"We have experienced 200 miles. We're pretty confident in that," said Pam Fletcher, GM executive chief engineer for electrified vehicles. "You can imagine we're going to eke out every mile of range we can."
Chevy unveiled the Bolt (that’s “Bolt” with a “B,” not to be confused with the existing plug-in hybrid Chevy Volt) concept at the Detroit Auto Show back in January, the hand-built prototypes have been testing since April. Vowing a 320 km (200-mile) range and a price tag of $30,000 after incentives, the Bolt is expected to enter production sometime in 2017.
Pam Fletcher, the chief executive engineer for electric vehicles at General Motors, also emphasized on Wednesday that GM’s electrification technology and manufacturing is U.S.-based. “Chevrolet’s electrification technology is very much grounded here in the U.S.,” Fletcher said in a video posted on GM’s site. She mentioned that the battery packs and electric drive units for the Volt are manufactured in Michigan and the electric motors are made in the U.S. “It’s a really a terrific story for technology and manufacturing and electrification in this country,” she said.
Chevrolet has committed to pricing the Bolt at about $30,000 after the $7,500 tax credit.
TNT is deploying seven new 3.5 tonne electric express delivery vehicles for its operations in and around Amsterdam and Rotterdam, The Netherlands, as a partner of FREVUE (Freight Electric Vehicles in Urban Europe), an urban e-mobility project supported by the European Commission. FREVUE seeks to demonstrate to industry, consumers and policy makers how electric vehicles can meet the growing need for sustainable urban logistics.
TNT’s new e-Ducato vehicles purchased from BD Auto replace the standard diesel vehicles previously operating in Rotterdam and Amsterdam and will enable to save 24,000 litres of diesel and 76 tonnes of CO2 equivalent emissions each year. They provide a range of 200 km and a loading volume of 13m3.
Erik Uljee, Managing Director, TNT Benelux, said: “The partnership with FREVUE is part of TNT’s corporate responsibility agenda and meets the objective of our Outlook strategy to increase efficiency and productivity. To support zero emission transport in city centres, the authorities extend certain privileges to TNT such as exemptions from parking bans and access to closed areas outside loading and unloading times. With the three vehicles in Rotterdam and four in Amsterdam, TNT’s electric fleet in the Netherlands is nine in total.”
Pex Langenberg, Vice Mayor of the City of Rotterdam, said: “It is the ambition of the City of Rotterdam to have a zero emission freight transport in the inner city by 2020. This is formalised in the Green Deal Zero Emission. We welcome the new electric freight vehicles as they will help to make the air in the city centre cleaner and decrease noise pollution.”
The city of Amsterdam welcomes the emission-free TNT trucks in line with its plans to step up improvements in sustainability as outlined in the Sustainability Agenda Amsterdam. Amsterdam is dedicated to remaining the frontrunner in electric transport and wants to be the zero emission city in 2025. Within the city, all the transport – including public transport and taxis – must preferably be zero emission by then.
BMW have embarked on a radical engineering overhaul which could see all future models from the 3-series upwards, including the Rolls-Royce range, become all-wheel-drive range-extender electric cars.
The days of spot-welded steel bodies and engines that drive the rear wheels via conventional transmissions are set to be consigned to history. BMW’s plan to make all of its cars from the 3-series upwards plug-in hybrids has forced the company’s engineers to rethink the make-up of its cars from first principles.
The first move is to radically reduce the weight of future bodyshells to help offset the extra weight of battery packs. Work on BMW’s bodyshell of the future is already well advanced, and the first generation of the mixed-materials structure will be seen this coming summer, underpinning the next-generation 7-series.
It is expected to take another generation of the 3-series, expected in 2018, before BMW is ready to switch its mainstream car to this kind of carbonfibre-intensive construction. That’s partly because it will take some years to reduce the cost of this kind of construction.
The next phase in BMW's reengineering is a rethink of the powertrain. The final concept — demonstrated in Nov 2014 with a 500 kw AWD 5-series GT xDrive plug-in hybrid — is similar in basic principle to the series hybrid system that propels the Chevrolet Volt.
Where the Chevy Volt has an ICE powered generator/motor + a traction motor in a single front-wheel-drive transverse gearbox assembly, BMW will retain it's famous rear-wheel-drive bias by splitting that combination and putting the main traction motor on the rear axle while the front axle can still be driven by the ICE powered motor/generator. This also means that on-demand four-wheel drive will be available on all future BMWs.
As seen in the BMW i8, a large battery will occupy the centre tunnel and some of the space usually occupied by the fuel tank. The front-mounted engine acts as a generator in most driving situations, creating electricity to help drive the electric motors.
The front electric motor is key to the new powertrain
In normal use, the front electric motor drives the front wheels via a still-secret new type of transmission. At speeds above 80 km/h or so, the engine ‘assists’ the electric motor by attaching itself to the new transmission via a mechanical planetary system to help drive the front wheels at motorway speeds in parallel mode much like a Chevy Volt or Mitsubishi Outlander PHEV. The combustion engine expected to be driving the front wheels only 10 per cent of the time on a typical journey.
BMW won’t reveal the details of this new combined electric motor and transmission system, but we speculate BMW, like Renault and Bugatti, may be considering a disc-shaped Axial Fluxelectric motor mounted within the gearbox housing.
The new transmission is unlikely to have more than three ratios and could be a mechanical planetary system. It is likely to be less expensive than today’s eight and nine-speed autos and dual-clutch transmissions.
Because the new-generation engine runs as a lean-burn generator for 90 per cent of the time and the twin electric motors provide significant torque, demands on the engine are much reduced. So it probably doesn’t need a turbocharger, the accompanying intercooler system or the Valvetronic system.
The emissions control system should also be less complex and expensive, all of which greatly reduces the cost of the unit. The engine is likely to be significantly lighter, too.
The battery pack can be larger. It will fit neatly in space freed up by the removal of the propshaft and the use of a smaller fuel tank. Braking assistance from electric motors means the mechanical brakes can be smaller, lighter and cheaper.
The multi-material bodyshell will be at least 100kg lighter than that of today’s 3-series, partly offsetting the battery’s weight.
This new hybrid powertrain offers part-time and permanent all-wheel drive and can be scaled across all models. So although the new, simplified generator motors might come in different sizes and capacities — and the battery pack will come in different sizes — this powertrain can largely be shared between everything from a 3-series to an X5 to a Rolls-Royce Phantom. This will save BMW a huge amount of money in production and research and development costs.
BMW is rumoured to already be testing a four-seater with some of the above technology. Weighing less than 1,200 kg with a drag co-efficient of 0.18, the BMW prototype consumes only 0.4 liters per 100 kilometers or 706 miles per imperial gallon (588 miles per US gallon).
BMW's MINI Plant in Oxford UK is showcasing a high-efficiency street lighting system that doubles as a charging station for electric vehicles (EVs) during the city’s second Low Carbon Oxford Week.
Known as Light & Charge and demonstrated for the first time in the UK, this innovative system is the outcome of a pilot project developed by the BMW Group and is a state-of-the-art LED street light that combines energy-efficient lighting with affordable EV charging.
Allowing cities to significantly reduce energy consumption, its integrated charge point also provides a cost-effective and simple solution which can be grafted straight onto the existing local authority street lighting infrastructure, substantially increasing the number of public charging stations. EV charging stations can be set up at any location where suitable parking is available, simply by replacing conventional street lights with Light & Charge systems.
“Light & Charge is a simple and innovative solution which aims to integrate a charging station network into the urban landscape and this is essential if we want to see more electric vehicles on the road in our cities in the future. I’m delighted that the MINI plant is the first location in the UK to showcase BMW Group’s technological expertise not only in developing electric vehicles but also as part of a much wider commitment to electric mobility,” said Frank Bachmann, Managing Director, MINI Plant Oxford.
Oxfordshire County Council and Oxford City Council are currently working in partnership to increase the uptake of ultra-low emission vehicles such as electric cars as part of their bid for funding from the Office of Low Emission Vehicles, Go Ultra Low City Scheme.
Commenting on the new innovation, representatives from Oxfordshire County Council and Oxford City Council said: “We’re pleased that we have the opportunity to take a look at this innovative new technology as part of Low Carbon Oxford week. Combining energy-efficient street lighting with a re-charging station for electric vehicles is a neat solution to the problems of on-street charging stations.”
With its modular LED design, the Light & Charge street light is much more energy-efficient than conventional street lighting and provides more effective illumination. It can be installed anywhere and its modular design can to be tailored to different locations. Up to four LED modules can be used to provide night-time lighting on main roads, while one or two modules are sufficient to provide lighting on side streets and in residential areas. As is already the case with vehicle headlights, LED technology allows more targeted light distribution with highly uniform illumination to increase road safety and is optimised for minimum glare and light pollution. Through intelligent control electronics, the street light can adjust itself to its environment and yields energy savings by enabling the reduction of light output late at night and whenever no one is around.
The EV charging cable connects to a standard connector on the Light & Charge street light and the integrated control panel allows drivers to start charging with the swipe of a card regardless of vehicle model.
340 kW of power, 0 to 100 km/h in 3.9 seconds and a driving range of up to 450 km
Visually, the 4.40 meter (14.4 ft) long Audi R8 e-tron is recognizable by its unique lighting solutions on the air inlets, front apron and sideblades. Its exterior skin, painted in Magnetic Blue, combines body parts made of aluminum and carbon fiber reinforced polymer (CFRP), such as the front and rear lids. Thanks to aerodynamic modifications to its cooling air inlet, rear spoiler, diffuser, underbody and sideblades, the drag coefficient (Cd) of the R8 e-tron is just 0.28. Its Audi Space Frame (ASF) is based on the multimaterial design of the V10 version, which is extended by a rear body module made of CFRP. Despite its low weight, the corrugated bulkheads that conceal the luggage compartment can absorb a lot of energy in a rear-end collision.
The T-shaped battery is structurally integrated in the middle tunnel and is mounted behind the occupant cell – this location offers a low center of gravity and an axle load distribution of 40:60 (front/rear). The high-voltage battery is based on lithium-ion technology. The liquid-cooled lithium-ion battery consists of 52 modules. Compared to the first e-tron technology platform, the energy capacity of the new 595 kg (1311.8 lb) battery system was boosted from around 48.6 kWh to 90.3 kWh without requiring any package modifications.
Thanks to the high energy density, which was increased from 84 to 152 Wh/kg, the R8 e-tron can be driven up to 450 km (279.6 mi) on just one battery charge – previously it was 215 km (133.6 mi). In the Combined Charging System (CCS) for charging with DC or AC electricity, the battery can be fully charged in well under two hours. The driver can control this process remotely by smartphone, if the user has installed the relevant Audi connect app.
920 Nm (678.6 lb-ft) of torque
The two electric motors on the rear axle each output 170 kW and 460 Nm (339.3 lb-ft) of torque. The R8 e-tron, which weighs just 1,841 kg (4058.7 lb) empty (without driver), sprints from 0 to 100 km/h (62.1 mph) in 3.9 seconds and can accelerate to an electronically governed top speed of 250 km/h (155.3 mph) while developing its unique e-sound. Targeted Torque Vectoring – a need-based distribution of drive power between the rear wheels – gives the car maximum stability and dynamism.
Intelligent energy management and an electromechanical brake system at the rear axle ensure high rates of energy recuperation. The suspension springs consist of glass fiber reinforced polymer (GFRP), and the anti-roll bar is made of CFRP.
The R8 e-tron rides on aerodynamically optimized, high-gloss 19-inch aero wheels that were specially developed for this car. At the front axle, size 225/40R19 tires enable precise steering response. Size 275/40R19 tires transfer the torque of the electric motors to the road. The tires were specially developed for the requirements of an electric supercar, and they combine sporty driving properties with efficient rolling resistance values. Extremely sporty 20-inch wheels of the production R8 are available via the Audi Genuine Accessories program.
In the finely crafted interior, the R8 e-tron offers illuminated door sill trims, folding bucket seats and a specially configured Audi virtual cockpit. A heat pump removes waste heat from electrical components for thermal management and for interior climate control – an important efficiency module of the overall concept.
Audi also uses the latest development stage of the R8 e-tron as a high-tech laboratory – it also continues to play an important role in developing electric mobility of the future. The R8 e-tron will be produced in the small-scale production facility of quattro GmbH at the Audi Neckarsulm site in the Böllinger Höfe.
450 km (279.6 mi) range on a fully charged battery
The new battery cells are primarily responsible for the new performance and driving range of the Audi R8 e-tron. Audi has systematically adapted its high-voltage battery system to the specific needs of electric cars – the primary focus was on achieving an optimal ratio between power and energy. The results: The R8 e-tron has a significantly longer driving range and even more power than the previous model. In developing the high-voltage battery, the brand with the four rings followed the principle of maximum flexibility without losing sight of synergies in electrification. Its flexible cell module concept makes the Audi brand well-equipped for all future market developments, while the modular concept also guarantees Group-wide use across different car models.
The battery operates with 385 volts of nominal voltage, and its new cell module concept achieves excellent performance. The battery’s energy density grew from 84 watt-hours per kilogram (Wh/kg) to 152 Wh/kg, and its nominal capacity from 48.6 kWh to 90.3 kWh. Its driving range on a full charge has more than doubled – from 215 km (133.6 mi) to as much as 450 km (279.6 mi). These values make Audi the leader among the competition.
The battery system of the Audi R8 e-tron takes on the shape of a “T”. It measures 235 cm (92.5 in) long, 136 cm (53.5 in) wide and 70 cm (27.6 in) high, including the junction box on the cross-bar of the “T”. This junction box is responsible for monitoring, switching and transmitting an electrical current of over 1,200 amperes. The highly complex battery system consists of over 10,000 individual parts.
The 7,488 cells are packed in 52 modules of 144 cells each. Each module weighs 7.8 kg (17.2 lb). They are arranged on two and five levels (“floors”) in the tunnel battery and in the rear battery. Aluminum plates separate the “floors” from one another while creating the supporting structure for the battery.
Coolant circulates in a cooling system of aluminum shells. In a crash, high-strength floor plates and impact plates redirect the crash forces into the multimaterial ASF (Audi Space Frame) of the R8 e-tron in a defined way.
40:60: axle load distribution
The 595 kg (1311.8 lb) battery system is joined to the ASF with bolts in the middle tunnel and behind the occupant cell, making it an integral part of the vehicle structure. Its mounting position results in a low center of gravity and an axle load distribution of 40:60 (front/rear), which is ideal for a mid-engine sports car.
The Combo 2 charging interface of the Combined Charging System in the Audi R8 e-tron enables charging with AC or DC electricity. When charging with AC from an industrial electrical outlet with 7.2 kW of charging power, a full charge is reached in just around 12 hours. Charging with DC electricity shortens the time – to just 95 minutes at a charging power of 50 kW. Audi is demonstrating charging equipment that can charge this battery system with up to 150 kW of charging power. For the driver of the R8 e-tron, this means that a driving range of around 150 km (93.2 mi) can be attained after just 15 minutes of charging time. The customer can manage charging remotely as well – using a smartphone on which the customer has installed the relevant Audi connect app.
Tesla Motors has introduced its ‘destination charging’ program into Australia, with over 10 sites established. Model S owners who frequent longer trips will benefit from the destination charging program, where owners can charge at no cost.
Tesla destination charging program provides ‘high power wall units’ at key destinations for Model S owners to charge while away from home for long periods.
The wall units can provide as much as 40 amp of power to Model S and are also provided with Model S for home installation, making the device familiar to owners.
With up to 500 km of rated range, the majority of charging with Model S is done at the home, but now the destination charging will provide locations where there are longer or overnight stops.
Locations include key hotels such as Park Hyatt Sydney, The Darling, Hotel Realm Canberra, The Observatory in Port Macquarie and to fulfil the winter snow travelers Rundells Alpine Lodge Dinner Plain.
In addition, key shopping centres such as Westfield Chatswood and Chadstone have been utilised, with premium parking locations and wall units available to Model S owners.
Tesla Motors has also partnered with Secure Parking to enable a safe location for Model S owners to park and charge whilst at work or out in town. These locations are located across Brisbane, Sydney and Melbourne.
“This expanding network of destination charging is a great replication of the convenience our owners receive when charging at home. Along with the developing Supercharger network, our owners will be able to cover long distances with the knowledge they have a charging solution,” says Australian Tesla spokesperson, Heath Walker.
Porsche won the Le Mans 24-hour endurance sports-car race for the first time since 1998 with the first non-diesel win since 2005.
Porsche’s 2.0-litre V4 turbo Petrol A123 battery powered 919 Hybrid car took first and second places, while Audi’s R18 4.0-liter V6 Turbo Diesel flywheel powered e-tron hybrid came in third. Both carmakers are owned by German-based Volkswagen AG, the world’s second-biggest auto manufacturer.
The return of Porsche to Le Mans in 2014 after a 16-year hiatus and its subsequent victory Sunday underscore how Volkswagen is stoking in-house competition on and off the racetrack, even amid additional costs. Porsche and Audi each entered three vehicles in the fastest vehicle category, Le Mans Prototype 1, or LMP1.
“This is a very special day for us,” Matthias Mueller, Porsche’s chief executive officer, told reporters in Le Mans. “It was a great team effort.”
VW is pouring money into new vehicles, technology and factories as the company plans to surpass global industry leader Toyota Motor Corp. by 2018. Maintaining a technological edge is vital for VW’s upscale brands, which also include Bentley and Lamborghini, as they vie for affluent customers with the likes of BMW AG and Daimler AG’s Mercedes-Benz.
Research Budget
Audi and Porsche accounted for 66 percent of Volkswagen’s operating profit in the first quarter. Volkswagen, which has one of the largest research and development budgets of any publicly traded company, is investing 85.6 billion euros ($96.1 billion) through 2019 to add models and production capacity.
Rising costs to develop electric cars and new digital features such as piloted driving are weighing on Volkswagen’s efforts to improve profitability, including a program announced a year ago to increase earnings at its namesake passenger-car brand by 5 billion euros by 2017. The manufacturer has taken steps to rein in costs companywide by sharing more parts among a wider range of vehicles.
Porsche and Audi have denied reports in recent weeks that they plan to enter Formula One car racing, citing high costs and shrinking visitor numbers. Formula One “needs to solve its problems alone,” Rupert Stadler, Audi’s CEO, said last month.
Audi and Porsche say Le Mans provides a better opportunity to test new technology that can be used later in road cars, such as lightweight construction and high-performance hybrid electric systems.
Ford Motor Co., the second-biggest U.S. carmaker, said Friday it will return to Le Mans in 2016. Competing in the GT racing class, the Dearborn, Michigan-based company will commemorate the 50th anniversary of its 1966 sweep of the top three places at the race.
Team APEV with MONSTER SPORT, led by the racing legend Nobuhiro “Monster” Tajima, teamed up with Rimac Automobili. As a result, 2015 Pikes Peak International Hill Climb Race will have a new 1.1 MW beast at the starting line, the Tajima Rimac E-Runner Concept_One.
Rimac Automobili are once again showing their vigorous racing DNA taking the challenge in one of the most prestigious races in the world. Mr. Tajima’s decades long experience in racing and Rimac Automobili’s state of the art technology and know-how brought to life a staggering creation, the Tajima Rimac E-Runner Concept_One. It is powered by four independent electric motors, giving the car a total power of over 1,1 MW (1,475 HP). That is more than twice the power Mr. Tajima had in his 2014 car when he broke his own Pikes Peak record, stopping the clock at 9:43,90.
There are no gearboxes or differentials on this car. The power of each independent motor is transferred to each wheel by an innovative chain drive system developed specifically for this project, which saves a lot of weight and space. Embracing the Rimac Automobili technology, the Tajima Rimac E-Runner Concept_One features an adapted racing version of the Rimac All Wheel Torque Vectoring system, first implemented in the Rimac Concept_One.
The Rimac AWTV controls the torque of each motor 100 times a second. The system can vary the torque on each wheel depending on the steering angle, speed, longitudinal and lateral forces, yaw-rates and number of other variables. The ECU runs the collected sensor-data through complex mathematical algorithms which calculate the optimum torque distribution on a millisecond-level. This enables the vehicle to take full advantage of the tires, squeezing the maximum out of their potential and giving the driver the desired vehicle dynamics at any given moment. Mr Tajima will thus have both the 1,1 MW of power and maximum grip in each of the Pikes Peak’s 156 corners.
“We measured 0-100 km/h in 2,2 seconds. 200 km/h comes in 5,4 seconds from a standstill. Cornering forces and stopping numbers are also impressive, but let’s not spoil the surprise. We are quite confident that Tajima Rimac E-Runner Concept_One will break previous year’s record. He is a great driver with tons of experience. Interesting fact – he raced Pikes Peak his first time a year before I was born. 28 years later, we work alongside to push the limits further. With the support of our best engineers and technicians, our technology, powertrain, battery-system and Torque Vectoring, he will be able to push the boundaries of electric race cars to a whole new level. Working with Mr. Tajima and his team is an amazing experience of which we enjoy every second.” reveals Mr. Rimac.
“The Pikes Peak is one of most difficult hill climbs in the world, because it is held on a public road, not a race track. The conditions are constantly changing. We want to develop technology and gather experience from the Pikes Peak race for development of better, safer, and zero emission road cars. This is my aim. Rimac Automobili is a quite young company but their mind and their spirit are fantastic. The level of technology, professionalism and vertical integration that this company has managed to achieve in such a short time amazed me. I am very happy because Rimac Automobili is simply the best partner for Team APEV.” said Mr. Tajima after the initial testing in Croatia.
The Pikes Peak hill climb is 19,9 km long and ends up at 4,301 m above sea level. Petrol engines have oxygen starvation problem at that altitude - the power of the engine decreases over 40 percent. However, electric motors don’t use oxygen, so Mr. Tajima will have the full power of all four electric motors available from start until the finish line.
Pikes Peak race
The Pikes Peak International Hill Climb race in Colorado has taken place since 1916. On average it features around 130 competitors from all over the world. This year the event is starting with practice sessions on Tuesday, June 23rd, culminating on race day, Sunday June 28th. The track is 19,99 km (12,42 miles) long, has 156 turns climbing 1,440 m (4,720 ft) from the start at Mile7 of the Pikes Peak Highway, to the finish at 4,300 m (14,110 ft).
Tajima Rimac E-Runner Concept_One
Technical data:
All-wheel drive
Four independent Rimac permanent magnet electric motors
Rimac All Wheel Torque Vectoring
Maximum power: 1100 kW
Maximum torque: 1500 Nm
Maximum regenerative braking: 400 kW
57 kWh Rimac Automobili battery pack
Four chain driven single reduction Rimac transmission systems
Monster Sport aluminum alloy tubular space frame with carbon-fiber body
Electrically assisted power steering
Adjustable shock absorbers
Ventilated brake discs Ø370 mm front and rear + Rimac regenerative braking system
LG Chem has agreed with Chinese automakers Nanjing Golden Dragon Bus and Dongfeng Commercial Vehicle to supply lithium ion-based batteries for their electric vehicles (EVs), the Korean company said Sunday.
"LG Chem has signed battery supplement deals with Nanjing Golden Dragon Bus and Dongfeng Commercial Vehicle," LG said in a statement. "The contract calls for LG to provide batteries for their upcoming large- and small-sized electric city buses."
Company spokesman Woo Byeong-min declined to reveal the financial details.
Since 2010, LG Chem, the world's largest battery manufacturer, has continued signing deals with China's leading car producers because the Korean company believes the Chinese EV market has huge potential.
Nanjing Golden Dragon Bus, established in 2000, is one of the top-tier producers of electric buses in China, with an annual capacity of about 8,000 units. Dongfeng Commercial is an affiliate.
"The latest agreement will significantly help us expand our portfolio to buses from sedans and sport utility vehicles (SUVs) in China, the world's biggest EV market," Woo said.
He said demand for electric buses was increasing in major Chinese cities such as Beijing, Shanghai and Nanjing, thanks to more subsidies from the central government to cut carbon emissions.
The statement said LG Chem was looking to electric buses to keep its growth momentum.
"For example, an EV sedan uses a battery with between 10 and 30 kilowatt per hour (KWh) storage capacity," Woo said.
"However, an electric bus uses a 60-200 KWh battery. The electric bus market is therefore more profitable."
LG Chem said its battery factory in the southern Chinese city of Nanjing would begin operating next year, and would be the frontrunner among its main rivals in China.
The LG Chem statement quoted President Kwon Young-soo as saying, "The Chinese EV market will boom after 2016. LG Chem is ideally positioned to lead the market, given the number of clients we have secured."
KDB Securities, a local brokerage, expects demand for EVs in China to reach 350,000 by 2016 from an estimated 200,000 this year, with leading car manufacturers introducing affordable models.
