Category: GM Volt

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BorgWarner to buy electric motor maker Remy for $950M

BorgWarner agreed to buy Remy for $951 million in cash, driving further consolidation of the auto-parts industry.

BorgWarner will pay $29.50 a share, a 44 percent premium from Remy’s closing price on Friday, according to a statement today. The price indicates an enterprise value of about $1.2 billion, BorgWarner said. The maker of turbochargers and transmission parts said the deal is set to close in the fourth quarter and should add to earnings in the first year because of purchasing efficiencies and other savings.

Demand for fuel-saving technology and global scale is pushing auto-parts makers to consolidate. In May, TRW Automotive Holdings Corp. was acquired by German auto supplier ZF Friedrichshafen AG for $12.4 billion.

“Our main focus has been organic growth, and that remains a prime path for us,” James Verrier, CEO of BorgWarner, said on a conference call. “But we’ve also been consistent about the need for M&A to add key technology to sustain that growth.”

The acquisition highlights the increasing importance of the electrification of the powertrain, which has not been a strength of BorgWarner’s, Verrier said.

BorgWarner rose 1 percent to $54.14 at 11:39 a.m. in New York, as Remy soared 42 percent to $29.18. This year through Friday, Remy had fallen 1.9 percent and BorgWarner had declined 2.4 percent.

Electric Powertrains

Buying Remy will add alternators, starters and hybrid motors, giving BorgWarner the ability to benefit as more powertrains blend electric power with traditional gasoline-fueled technology.

Some investors had been concerned that the move to hybrid engines would eventually cause BorgWarner to lose sales to automakers, Joseph Spak, an analyst with RBC Capital Markets, wrote in a research note today.

BorgWarner CFO Ron Hundzinski said he expects savings from the acquisition of at least $15 million annually within two years, in part by eliminating duplicate costs associated with a public company, and from lower purchasing expenses. He said he expects the Remy business to have profit margins in the mid-teens, similar to BorgWarner’s.

Former GM unit

Remy International, formerly known as Delco Remy, traces its roots to brothers Frank and Perry Remy, who developed magnetos, generators that used magnets to help start early automobiles. GM acquired Delco Remy in 1918 and spun it off in 1995. The name was changed to Remy International in 2004 and the Pendleton, Ind.-based company spent less than two months in bankruptcy in 2007.

Remy posted net income from continuing operations of $6.1 million last year on revenue of $1.2 billion. In 2013, it posted net income of $12.4 million on revenue of $1.1 billion.

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Chevy Bolt testing confirms 320 km range target [VIDEO]

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.

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Hitachi Delivers High Output Prismatic Li-ion Battery Cell

Hitachi Automotive Systems today announced that the company will be supplying 5,000W/kg high output power density prismatic lithium-ion battery cells for the new model Chevrolet Malibu Hybrid to be sold by General Motors (GM) in 2016.

These prismatic lithium-ion battery cells being delivered for the 2016 new model Chevrolet Malibu Hybrid employ heat resistant separators to ensure the ionic conductivity between the positive and negative electrodes, achieving not only a high output power density of 5,000W/kg, but also a high level of safety. In addition to this, the battery's ability to maintain its high output power density in GM evaluations, even under extremely low temperatures such as the minus 30℃ cold region test, led to its adoption.

Hitachi's lithium-ion battery operations for vehicles began in 1999, leading the charge worldwide and beginning mass production of safe, high-performance, long lasting products. To date, a total of over 5 million lithium-ion batteries have been introduced into the market for commercial hybrid buses and trucks, as well as hybrid passenger cars.

The many years of supply performance for lithium-ion batteries as mass produced products, together with the accumulated production and quality management know-how garnered from feedback from the market, has led to an emphasis on high reliability and earned Hitachi a high reputation from car manufacturers both inside and outside of Japan.

In addition, last year Hitachi Automotive Systems integrated the lithium-ion battery manufacturer Hitachi Vehicle Energy's design and R&D departments, advancing lithium-ion batteries by using the electronic, control, and software technology the company possessed toward battery control system development.

Hitachi Automotive Systems will continue to contribute to the evolution of electrically driven vehicles through the strengthening of electric power train products, lithium-ion batteries, and more.

Prismatic lithium-ion battery cell
ItemSpecification
Size (mm)120×80×12
Weight (kg)0.24
Average Voltage (V)3.7
Capacity (Ah)5.2
Output Density (W/kg)5,000
Energy Density (Wh/kg)80
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Chevrolet-FNR autonomous EV concept

Chevrolet has created a vision of what it thinks a full autonomous all-electric vehicle of the future might look like.

Created by GM’s Pan Asia Technical Automotive Center the Chevrolet-FNR is an autonomous electric concept vehicle that boasts a futuristic capsule design. It has crystal laser headlights and taillights, dragonfly dual swing doors.

The Chevrolet-FNR features an extremely aero design focused on low drag powered by AWD magnetic hubless electric wheel motors along with autonomous wireless charging. A laundry list of imaginary specification like range and power output has been provided.

The Chevrolet-FNR is loaded with a range of sensors like roof-mounted radar that can map out the environment to enable driverless operation, Chevy Intelligent Assistant and iris recognition start. The Chevrolet-FNR can also serve as a “personal assistant” to map out the best route to the driver’s preferred destination.

In self-driving mode, the vehicle's front seats can swivel 180 degrees to face the rear seats, creating a more intimate setting. The driver can switch to manual mode through the gesture control feature.

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GM will build Chevy Bolt in Michigan in late 2016

General Motors Co plans to begin building its new Chevrolet Bolt electric car in October 2016 at an underused small-car plant north of Detroit, two supplier sources said.

Despite the hype surrounding the car's unveiling last month at the Detroit auto show, the sources said, GM's production target for the Bolt is relatively modest, at about 25,000-30,000 cars a year.

Last year, GM sold 18,800 Chevrolet Volt hybrid electric cars. The Volt, priced from around $35,000, uses a small gasoline engine to increase range.

GM has said the Bolt's target price was $30,000. A GM source familiar with Chevrolet's plans said the price would actually be "in the mid-$30,000s" but federal and state incentives to purchase "green cars" would reduce the consumer's final cost to $30,000.

The Bolt is expected to go on sale in early 2017 and will have a range between charges of more than 200 miles.

The Bolt will compete with Tesla Motors Inc's similarly priced Model 3, planned to debut in calendar 2017, as well as the Nissan Leaf, which sold just over 30,000 last year.

The supplier sources said the Bolt and a companion model for GM's Opel subsidiary in Europe will be assembled at GM's plant in Orion Township. The GM source said the company has not yet reached a final decision on whether the Opel model will be assembled in Orion Township.

The factory now makes the Chevrolet Sonic and Buick Verano and has been operating at well below capacity as small-car sales have suffered from falling gasoline prices.

The Bolt is being developed on GM's Gamma global small-car platform, according to the supplier sources. The same basic set of components will provide the base for the next-generation Sonic, also due in late 2016, they said.

The GM source asked not to be named and an official company spokesman declined to comment.

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GM developing a high-performance electric AWD system for next-gen Cadillacs

According to Edmunds, General Motors is developing a high performance electric all-wheel drive system for next-gen V-Series Cadillac models and maybe their crossovers. This system could make its way into other GM Alpha-platform-based vehicles such as the Cadillac ATS and Chevrolet Camaro, and possibly a Corvette derivative.

All-wheel drive has become a must-have for high-performance luxury car buyers, and Audi, BMW, Mercedes-Benz and Porsche are ahead of the game with their AWD-equipped vehicles. Cadillac, however, lags behind this trend, having just introduced the 455-horsepower ATS-V and 640-hp CTS-V, both rear-wheel-drive sedans. Cadillac is also lagging in its offering of electrified fuel-efficient models.

An electric all-wheel-drive system, known in the industry by the acronym e-AWD, can potentially boost fuel economy in many future vehicles and help expand their plug-in hybrid offerings, however, the system GM desires is many years in the future.

Joe Slenvak, director of powertrain electrification for North America at Robert Bosch, told Edmunds that adding electric all-wheel drive to the front wheels of a rear-drive car has challenges.

"When you put the electric axle drive in the front, you have a lot of crossmembers and things that are in the cradle that you have to work around. It would be a little bit hard to do (but) I think you could do it," Slenvak said.

Sounds like an application perfectly suited to in-wheel motors.

Slenvak said a vehicle could be retrofitted to add that system. He would not say if Bosch is developing an electric all-wheel-drive system for GM's rear-drive cars.

Source: Edmunds

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Chevrolet unveils Bolt EV Concept; 320 km range for $30,000

Chevrolet today made a significant statement on its commitment to electrification with the introduction of the Bolt EV concept – a vision for an affordable, long-range all-electric vehicle designed to offer more than 200 miles of range starting around $30,000.

“The Bolt EV concept is a game-changing electric vehicle designed for attainability, not exclusivity,” said General Motors CEO Mary Barra. “Chevrolet believes electrification is a pillar of future transportation and needs to be affordable for a wider segment of customers.”

Leveraging the electrification prowess established by Volt and Spark EV, the Bolt EV concept is designed to offer long-range performance in all 50 states and many global markets.

Drivers will be able to select operating modes designed around preferred driving styles such as daily commuting and spirited weekend cruising, for uncompromising electric driving. The modes adjust accelerator pedal mapping, vehicle ride height and suspension tuning. The Bolt EV concept is also designed to support DC fast charging.

“We have made tremendous strides in technologies that make it easier and more affordable for Chevrolet customers to integrate an all-electric vehicle in their daily lives,” said Barra. “The Bolt EV concept demonstrates General Motors’ commitment to electrification and the capabilities of our advanced EV technology.”

The Bolt EV concept also pushes the envelope for crossover aesthetics. Its unique proportion, with practically no front or rear overhang, makes the most of interior space and was designed to create a roomy environment for four that feels expansive. Lightweight materials, including aluminum, magnesium, carbon fiber and even woven mesh, complement the design, while driving down the curb weight to help maximize range. Aero-optimizing features such as vented rear fenders also help contribute to range.

“Form and function have never meshed so well together,” said Ed Welburn, vice president, GM Global Design. “No compromises were made when it came to aesthetics and the elements that contribute to the Bolt EV concept’s range, resulting in a unique proportion that’s sleek, efficient and obviously a Chevrolet.”

The Bolt EV concept’s airy interior ambience is enhanced with bold use of glass all around – as well as a full-length, frosted glass roof with unique, faceted design elements. A high beltline sweeps upward with the D-pillar, culminating in an integrated roof spoiler, for a lean, athletic stance. An advanced nano-composite rear hatch and wraparound rear window give the Bolt EV concept a distinctive appearance and flood the interior with more natural light.

High-intensity, efficient light-emitting diode (LED) headlamp and taillamp elements are housed behind jewel-like faceted lenses in which translucent elements illuminate evenly to create the signature lighting effect.

Inside, the Bolt EV concept has a large feel reinforced by generous headroom and legroom dimensions. A flat, flow-through floor adds to the roominess, while a contemporary, light color scheme adds to the feeling of an open, airy cabin and conveys warmth.

The cabin’s airy, high-tech environment is reinforced with lightweight, slim-architecture seats mounted on exposed aluminum pedestals that create a floating effect. The minimalist center console “floats,” too, suspended from the front seats.

“The Bolt EV concept’s interior is intended as a sanctuary, with materials and technologies that reinforce the airy ambience and help contribute to the vehicle’s overall efficiency,” said Welburn. “It also incorporates technology in a subtler and simpler manner, for a more soothing driving experience – particularly in busy, urban environments.”

Chevrolet’s signature dual-cockpit interior layout incorporates easy-to-use technology designed to make the driving experience easier and more enjoyable. It wraps into the door panels and features a frosted and translucent appearance – and a subtle glow at night.

The concept’s technological intuitiveness can be accessed via a smartphone with the concept Bolt EV Connect app, which is designed to:

  • Allow a smartphone to perform as the key fob
  • Allow ride-sharing management, including reservations, vehicle location, digital key and even payment processing via the smartphone
  • Incorporate the concept automatic park-and-retrieval technology, which enables the driver to exit the vehicle and tell the Bolt EV concept to park itself – and when errands are completed, the Bolt EV concept can be summoned to return to the owner’s location.

    A large, color 10-inch-diagonal capacitive-touch screen, with interface features, complements the concept Bolt EV Connect app. It even allows the projection of all the application and other smartphone data onto the screen.

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    Chevrolet Introduces All-New 2016 Volt

    Chevrolet today unveiled the all-new 2016 Volt electric car with extended range, showcasing a sleeker, sportier design that offers 50 miles of EV range, greater efficiency and stronger acceleration.

    The Volt’s new, efficient propulsion system will offer a General Motors’-estimated total driving range of more than 400 miles and with regular charging, owners are expected to travel more than 1,000 miles on average between gas fill-ups.

    “The 2016 Chevrolet Volt provides our owners with a no-compromise electric driving experience,” said Alan Batey, president of GM North America. “We believe our engineering prowess combined with data from thousands of customers allows us to deliver the most capable plug-in vehicle in the industry.”

    The 2016 Chevrolet Volt’s technology and range advancements are complemented by a design that blends sculpted, muscular proportions with aerodynamic efficiency, and an all-new interior with seating for five and improved functionality.

    Everything from charging the battery and checking the charge status, to the intuitiveness of instrument panel controls were designed for easier use.

    “According to independent surveyors, Volt owners are the most satisfied in the industry and they were our compass for developing the next-generation model,” said Batey.

    New Voltec propulsion system

    An all-new, second-generation Voltec extended range electric vehicle (EREV) propulsion system is the power behind the 2016 Volt’s increased all-electric driving range, greater efficiency and stronger acceleration. It was engineered based on the driving behaviors of first-gen Volt owners.

    “Volt owners complete more than 80 percent of their trips without using a drop of gasoline and they tell us they love the electric driving experience. Putting that experience at the center of the new Voltec system’s development helped us improve range, while also making the new Volt more fun to drive,” said Andrew Farah, vehicle chief engineer. “We established a precedent when the original Voltec propulsion system debuted and this newest iteration sets the EV technology bar even higher.”

    The Voltec system includes the battery, drive unit, range-extending engine and power electronics.

    GM’s industry-leading battery technology has been reengineered for the next-generation Volt. The 2016 Volt will use an 18.4 kWh battery system featuring revised cell chemistry developed in conjunction with LG Chem. While overall system storage capacity has increased, the number of cells have decreased from 288 to 192 as the result of a revised chemistry. The cells are positioned lower in the pack for an improved (lower) center of gravity and the overall mass of the pack is 21 pounds (9.8 kg) lighter.

    Like the battery system, the next-generation Volt’s two-motor drive unit delivers increased efficiency and performance along with reduced noise and vibration. The drive unit operates up to 12 percent more efficiently and weighs 100 pounds (45 kg) less than the current system.

    Both motors operate together in more driving scenarios, in both EV and extended-range operation. The ability to use both motors helps deliver a 19 percent improvement in electric acceleration from zero to 30 mph (2.6 seconds) and a 7 percent improvement from zero to 60 mph (8.4 seconds). GM engineers designed the Voltec electric motors to use significantly less rare earth materials. One motor uses no rare earth-type magnets.

    The 2016 Volt goes on sale in the second half of 2015.

    Source: GM

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    GM to Study Vehicle Sharing with Shanghai Jiao Tong University

    General Motors China has signed a memorandum of understanding with Shanghai Jiao Tong University to collaborate on a vehicle sharing program featuring the Chevrolet EN-V 2.0 starting next year.

    A fleet of EN-V 2.0 vehicles will be integrated with a multi-modal transportation system alongside bicycles, cars and shuttle buses at the university’s Minhang campus in Shanghai to evaluate the benefits and challenges of a vehicle sharing transportation model.

    “The vehicle sharing program with Shanghai Jiao Tong University will allow us to assess the real-world application of the EN-V 2.0 as part of a vehicle sharing system,” said Matt Tsien, GM executive vice president and president of GM China. “We will apply these learnings to the development of future urban mobility transportation solutions, not just for China but for the world.”

    "Electric vehicles represent the transportation mode of the future, but the big topic now is how to develop them," according to Yin Chengliang, vice president of the Shanghai Jiao Tong University Automotive Engineering School. "This project will explore a model that integrates electric vehicles with the transportation network and intelligent transportation system."

    The Chevrolet EN-V 2.0 is the next generation of GM’s original Electric Networked-Vehicle (EN-V), which made its global debut at Expo 2010 in Shanghai. It can travel up to 40 kilometers on a single charge.

    The Shanghai Jiao Tong University collaboration is a continuation of GM’s vision for sustainable urban mobility announced at Expo 2010. Shanghai Jiao Tong University is a comprehensive research-oriented university and one of China’s leading educational institutions. GM and Shanghai Jiao Tong University have collaborated on many automotive, training and development projects over the past two decades.