Latest news with #BatteryElectricVehicles
Yahoo
4 days ago
- Automotive
- Yahoo
RCI BANQUE: ISSUANCE OF EUR 500 MILLION FIXED RATE GREEN NOTES MATURING IN JUNE 2030
PRESS RELEASE May 27th, 2025 RCI BANQUE: ISSUANCE OF EUR 500 MILLION FIXED RATE GREEN NOTES MATURING IN JUNE 2030 RCI Banque, operating under the commercial brand Mobilize Financial Services, announces the issuance of a € 500m 5-year green bond (June-30) bearing a 3.375% coupon. The deal attracted a final order book above 1.8 billion euro coming from around 119 investors. The proceeds from this Green Bond will be used to finance or refinance Battery Electric Vehicles (BEVs) and charging infrastructure. The success of this transaction demonstrates investors' confidence in the financial strength of the company and its contribution to facilitate the transition to electric driving and help tackle climate change. Contact Analysts and InvestorsFinancial communication+ 33(0) 1 76 88 81 74contact_investor@ About Mobilize Financial Services Attentive to the needs of all its customers, Mobilize Financial Services, a subsidiary of Renault Group, creates innovative financial services to build sustainable mobility for all. Mobilize Financial Services, which began operations nearly 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for customers and networks of Renault Group, and for the brands Nissan and Mitsubishi in several countries. With operations in 35 countries and nearly 4,000 employees, Mobilize Financial Services financed more than 1,3 million contracts (new and used vehicles) in 2024 and sold 3,7 million services. At the end of December 2024, average earning assets stood at 55,9 billion euros of financing and pre-tax earnings at 1,194 million euros. Since 2012, the Group has deployed a deposit-taking business in several countries. At the end of December 2024, net deposits amounted to 30,5 billion euros, or 50 % of the company's net assets. To find out more about Mobilize Financial Services: Follow us on Twitter: @Mobilize_FS Attachment EN - CP 5Y Green €500M June 2030Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India Gazette
4 days ago
- Automotive
- India Gazette
Maruti Suzuki launches training to handle high voltage systems for electric vehicles
New Delhi [India], May 27 (ANI): Maruti Suzuki India Limited has launched a training capsule to handle high voltage systems required for electric and hybrid vehicles. This customised training program will be accessible across 130 Industrial Training Institutes (ITIs) in 24 States and 4 Union Territories in India. 'The first batch of over 4,100 trained students will be ready to join the automobile industry from September 2025 onwards,' the release said. The aim of this program is to fulfil government of India's carbon net zero objective, and the training will serve as one of the important key factors in faster adoption of EVs in the country. The release further added 'This training program prepares future automotive technicians to safely and efficiently handle high-voltage electric systems, addressing industry needs as the number of such vehicles increases in the overall car.' 'We want to maximize adoption of Battery Electric Vehicles (BEVs) in the country. When we researched the reasons for low adoption of EVs, one of the major hurdles in the minds of the customers was confidence in after-sales support,' said Rahul Bharti, Senior Executive Officer, Corporate Affairs, Maruti Suzuki India Limited. Incidentally, this is an area of strength for Maruti Suzuki. While 90 per cent 1 of EV sales happen in 100 cities, we will go 10x and cover 1,000 cities with more than 1,500 workshops equipped to provide service support to BEVs. At the end of the course, these trained technicians are free to join Maruti Suzuki service network or any other OEM. Hence, this upskilling of students is strategic to BEV adoption in India. The high voltage training will be useful for Strong Hybrid cars also, and so there is a synergy between both technologies.' This high voltage training program is introduced for second-year ITI students and covers topics like the fundamentals of EVs and HEVs, safety procedures for handling high voltage systems, usage of special tools and equipment, and best practices for system maintenance. In addition, Maruti Suzuki also conducts specialized skill enhancement for the faculty of the ITIs with train-the-trainer programs and provides training equipment and tools to conduct a pioneering 1 as per MSIL's evaluation information Classification: Public training program. These efforts will go a long way in instilling confidence among customers for adoption of newer technologies. (ANI)
Business Upturn
4 days ago
- Automotive
- Business Upturn
RCI BANQUE: ISSUANCE OF EUR 500 MILLION FIXED RATE GREEN NOTES MATURING IN JUNE 2030
By GlobeNewswire Published on May 27, 2025, 21:00 IST PRESS RELEASE May 27th, 2025 RCI BANQUE: ISSUANCE OF EUR 500 MILLION FIXED RATE GREEN NOTES MATURING IN JUNE 2030 RCI Banque, operating under the commercial brand Mobilize Financial Services, announces the issuance of a € 500m 5-year green bond (June-30) bearing a 3.375% coupon. The deal attracted a final order book above 1.8 billion euro coming from around 119 investors. The proceeds from this Green Bond will be used to finance or refinance Battery Electric Vehicles (BEVs) and charging infrastructure. The success of this transaction demonstrates investors' confidence in the financial strength of the company and its contribution to facilitate the transition to electric driving and help tackle climate change. Contact About Mobilize Financial Services Attentive to the needs of all its customers, Mobilize Financial Services, a subsidiary of Renault Group, creates innovative financial services to build sustainable mobility for all. Mobilize Financial Services, which began operations nearly 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for customers and networks of Renault Group, and for the brands Nissan and Mitsubishi in several countries. With operations in 35 countries and nearly 4,000 employees, Mobilize Financial Services financed more than 1,3 million contracts (new and used vehicles) in 2024 and sold 3,7 million services. At the end of December 2024, average earning assets stood at 55,9 billion euros of financing and pre-tax earnings at 1,194 million euros. Since 2012, the Group has deployed a deposit-taking business in several countries. At the end of December 2024, net deposits amounted to 30,5 billion euros, or 50 % of the company's net assets. To find out more about Mobilize Financial Services: Follow us on Twitter: @Mobilize_FS Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
The Citizen
5 days ago
- Automotive
- The Citizen
Plug-In Hybrid EVs have proven a worldwide mobility solution instead of an interim technology
The year 2024 marked some significant developments for the EV industry. Growth continued with sales of plug-in vehicles increasing by 26% YoY (year on year) to a total of 17.2 million and an increased global market share of 22%. Of this volume, 63% comprised Battery Electric Vehicles (BEVs), with the balance of 37% being Plug-in Hybrid Electric Vehicles (PHEVs). This share grew from 31% in 2023, following YoY PHEV growth of 53% vs just 14% for BEVs. This trend contradicts previous industry assumptions that view hybrids as merely an interim solution in the transition from internal combustion engines (ICE) to BEV adoption, suggesting that the current overall BEV offering is not appealing to motorists to the extent as much as originally forecast. Those switching from an ICE vehicle to a PHEV in preference to a BEV, will have their own reasons for doing so, but these will likely include concerns over vehicle pricing, charging infrastructure, range anxiety, and resale value. The same BEV market growth forecast formed the basis of vehicle manufacturers' planning regarding future products, manufacturing facilities and development expenditure. Many planned to phase out ICE vehicles by 2030, had moved development resources away from ICE powertrains and towards new BEV line-ups on dedicated platforms, while building new BEV-dedicated manufacturing facilities, or converting existing facilities. The past year has seen numerous announcements revising these plans in line with the change in customer demand. These include extended life cycles for some existing ICE models, the inclusion of PHEV derivatives in models originally intended to be BEV-only, and resumption of ICE development, including optimisation for use in PHEV drivetrains. In addition, the launches of some planned BEV models, as well as the dedicated facilities for their production, have been delayed. As indicated by their naming, all hybrid vehicles feature both an ICE and electric motor(s). The way these complement one other determines their categorisation as mild hybrid (MHEV), hybrid (HEV) or PHEV. Each of these categories provides a different solution in terms of performance, fuel consumption, driving range and cost. The entry point to vehicle electrification is the MHEV, an ICE vehicle fitted with a Belt Driven Starter Generator (BSG) or an Integrated Starter Generator (ISG), powered by a compact 48 V battery. In addition to acting as a powerful starter, it provides an additional 10-15 kW to the ICE under high load conditions. Charged primarily by regenerative braking, the battery can also be utilised to drive ancillaries such as power steering, to further reduce engine load. The system has become popular with European manufacturers seeking a cost-effective means of reducing vehicle emissions, while Toyota recently introduced it on some Hilux derivatives, providing benefits in performance, along with reductions in fuel consumption and emissions. The next step up in electrification is the HEV, in which the ICE and electric motor(s), are usually combined in a series-parallel hybrid configuration. Here the ICE drives a generator which powers an electric motor. This, in turn, drives the wheels (series) but is capable of driving the wheels directly in certain driving conditions (parallel). The driving experience is like a conventional ICE vehicle, the power management controller engaging the electric motor to assist during acceleration when ICE consumption is at its worst, but allowing ICE-only operation at steady speeds when it is at its most efficient. The small battery is both cost-effective and has adequate capacity in this application, as it is quickly and frequently recharged by the ICE and regenerative braking. Originally popularised by the Toyota Prius and certain Honda models, the Toyota Corolla Cross Hybrid models are primarily responsible for the significant growth of HEVs in the SA market, providing cost effective fuel consumption and emission reduction benefits. In addition to charging via regenerative braking or the ICE driving a generator, PHEVs can be plugged in to the mains supply network and their traction batteries charged via an onboard charger. However, their recent popularity has seen the emergence of different PHEVs types, each with their own characteristics and benefits. Related: All of the CAR Magazine Top 12 Best Used Buys for 2025 The most common are PHEV derivatives included in predominantly ICE model ranges. Battery capacities are smaller than equivalent BEVs, usually in the 10-20 kWh range, and typically provide EV-mode ranges of 45 – 90 km, adequate for most daily commutes. Coupled with overnight charging, this battery capacity is sufficient to permit EV mode commuting in urban areas where tailpipe emissions have the most impact on human health, while overall driving range is better than their ICE equivalents. Most current PHEVs offer AC charging, either via a normal electric socket or via a home or public fast charger. Owing to the small battery size, this will prove adequate for most owners, however, those motorists requiring frequent public fast charging might prefer a model capable of DC fast charging. An interesting new development, mainly in China, has been the emergence of longer-range PHEVs with larger batteries. These can extend the EV-only range to around 200 km, reducing the necessity for frequent charging. Overall driving ranges are also increased to 1 000 km or more. Incorporating the electric motor also provides a significant performance boost, but where this is not required, the ICE is downsized for further improved fuel efficiency. Typically, the electric motor is fitted between the ICE and transmission, coupled via an automated clutch, allowing series-parallel hybrid operation. However, the electric motor is sometimes mounted on the undriven axle, providing AWD capability as an added benefit. Technically, these PHEV drivetrains are relatively straightforward, and the challenge is ensuring smooth driveability through seamless transition between the two power sources at all speeds, throttle openings, and load conditions. Related: 2025 Toyota GR Yaris Pricing Unearthed In an interesting development, BYD has become the tenth manufacturer to enter the SA PHEV market with the launch of its Shark 4×4 Double Cab. It features a 1.5T ICE primarily used to charge the 29.6 kWh battery powering front and rear electric motors, but also capable of driving the front wheels directly at higher speeds. Expected combined outputs of 320 kW and 650 N.m will make it SA's most powerful bakkie, with an impressive range of 840 km. In addition to these mainstream PHEVs, the technology is increasingly being used in supercars, covered in detail in the December 2024 issue. The focus in these applications is purely on maintaining performance when using a smaller ICE, the motor providing additional power and torque. In some cases, additional electric motor(s) are incorporated on the front axle, providing 4WD and torque vectoring to improve traction and handling. A reduction in emissions and the ability to cover short distances in EV mode are added benefits. A recent trend has been renewed interest in Extended Range Electric Vehicles (EREV), as initially seen in BMW's i3 REx model which used a 650 cc motorcycle engine to power a generator, charge the battery, and extend vehicle range. While technically series hybrid PHEVs, they differ from ICE-derived PHEVs in that they are derived from BEVs, with an ICE only working to charge the battery and not drive the wheels directly. Initial interest is coming from US full-size pick-up and SUV manufacturers, where BEVs, despite 130 kWh batteries weighing 800 kg or more, do not provide sufficient range, particularly when towing. RAM has already announced the 1500 Ramcharger, which utilises a relatively small 92 kWh battery to power its front and rear 250 kW electric motors. EV-only range is 225 km but with additional charging provided by the familiar Pentastar 3.6-litre V6 this increases to 1 100 km. Hyundai also recently confirmed an EREV version of its Ioniq 9 BEV; a large SUV due in select markets next year, describing the technology as a bridge between ICE and EV. Other than being built on EV platforms, where production volumes are possibly falling short of original forecasts, costs are contained by fitting a smaller battery to offset the cost of the ICE generator. As it doesn't drive the vehicle directly, the ICE can also be managed to run at its most efficient engine speed, or linked to vehicle speed, making it sound and feel 'normal' to the driver. The upturn in worldwide PHEV sales combined with the increase in models offered, and new developments such as long-range PHEVs and EREVs, confirm their growing appeal to consumers. Pricing is slightly lower than BEVs, smaller batteries offsetting the additional ICE cost, but the real benefit is useable EV driving without range anxiety. With BEV prices slowly falling and ranges expanding, their appeal may be relatively short-lived in markets where BEVs are already well established. However, in markets with large travelling distances and less-developed charging infrastructure, PHEVs could provide an extended transition from ICE vehicles to BEVs. Find the full feature in the May 2025 issue of CAR Magazine. Browse thousands of new and used cars here with CARmag. The post PHEVs Have Proven a Worldwide Mobility Solution Instead of an Interim Technology appeared first on CAR Magazine.
Time of India
23-05-2025
- Automotive
- Time of India
Hybrid vehicles complementing growth of EVs in India: HSBC report
Hybrid vehicles have complemented the growth of electric vehicle sales in India rather than competing with the latter, according to a report by HSBC Global Research. Reiterating that the Indian automotive landscape will remain a multi-powertrain industry over the medium to long term, HSBC Global Research said hybrids, CNGs, and biofuels are practical medium- to long-term solutions, while the country moves towards eventual electrification. "We think Strong Hybrid Electric Vehicles (SHEVs) and Battery Electric Vehicles (BEVs) are not cannibalising each other but, rather, are attracting different sets of customers," the report said. In states where incentives are offered for SHEVs, BEV sales have also seen strong growth, it added. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo "In FY25, the growth in EV sales was similar to the growth in SHEV sales, despite incentives being offered on SHEVs by Uttar Pradesh, the largest PV-selling state in India. This trend suggests that SHEV adoption is having a positive effect on BEV sales," the report pointed out. Asserting that the perception that promoting SHEVs will hinder EV adoption is misplaced, the report said, "This is not a zero-sum game, but rather an incremental opportunity where incentivising SHEVs contributes to the broader development of the clean mobility ecosystem, benefiting BEVs and advancing overall market growth." Live Events It noted that EV penetration has improved with new model launches over the last six months. Four-wheeler (4W) EV penetration has improved from 1.9 per cent in the first half of FY25 to 2.5 per cent in the fourth quarter of FY25 and 3.2 per cent in the first quarter of QFY26 quarter-to-date period, driven by launch on MG Windsor and M&M BEVs, the report said. The SHEV share in total PV has increased to 2.4 per cent in FY25 from 2.1 per cent in FY24. Customers are willing to buy an EV if the value proposition is right, it said, citing examples of MG Windsor which addressed concerns about the replacement cost of the battery after 7-8 years by giving leasing solutions; while M&M's BEVs addressed the range anxiety concerns with a large battery and made EV a style statement. The report noted that SHEVs, launched by MSIL and Toyota Kirloskar in September 2022, appear to have gained market share from diesel variants during FY23 and FY24. However, hybrids stabilised in FY25 as the share from diesel variants was stable during the year. This was despite incentives being offered by multiple states during the year, it said, adding that new model launches and government incentives will drive hybrid penetration growth in the near term.
