auto buy & sale

Eve Energy to build battery plant in Malaysia within three years; 21700-format batteries for two-wheel EVs

Blueshark electric scooters in Malaysia

Chinese battery manufacturer Eve Energy will be constructing a battery production plant in Malaysia to supply local Malaysian and other Southeast Asian customers, CNEVPost reported.

Its subsidiary, Eve Energy Malaysia plans to invest up to US$422 million (RM2 billion) for the construction of the battery plant in Malaysia that will manufacture 21700-format battery cells, which will be for the production of local electric bikes and power tools, the company said. This project will see the battery production plant constructed in no more than three years, according to its announcement.

Its investment is part of the company’s growth strategy and long-term plan towards building its global market share in the electric two-wheeler segment, said Eve Energy.

Locally, EP Manufacturing will be producing Blueshark electric scooters in Malaysia for sale in the country and other markets in Southeast Asia. This will use swappable battery technology, the infrastructure for which has received US$50 million (RM235 million) following an agreement between Blueshark parent company EP Manufacturing (EPMB) and CIS Pride Fund SPC.

Elsewhere in the EV segment, Eve Energy is one of two battery suppliers that will be providing BMW with 46 mm-diameter battery cells for its Neue Klasse

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Stellantis CEO and EU Executives Can’t Agree on EVs

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Photo: Gonzalo Fuentes (Getty Images)

Stellantis executives can’t seem to get on the same page as far as EVs are concerned. The head of the automaker conglomerate, CEO Carlos Tavares, insists the auto industry is rushing recklessly into the EV transition. But Uwe Hochgeschurtzthe former CEO of Opel and Vauxhall and current COO of Stellantis Europe, says the company will go purely electric because that’s what people want, as Electrek reports.

During an interview with German newspaper Frankfurter Allgemeine Zeitung, Hochgeschurtz said, “The people have decided: we will be purely electric.” The Stellantis EU boss went on to say that the German government has to ensure its people are able to make the EV transition comfortably by providing subsidies, per Frankfurter (link in German):

“If our states decide that, then they must also provide the means for our middle class to be able to pay for such cars,” demanded Hochschurtz. After all, local prosperity is based “on the fact that everyone in society has a right to individual mobility.”

Hochgeschurtz was referring to a need for tax cuts to offset the cost of EVs, which are typically more expensive than their fossil-fuel

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One-of-five Ferrari 288 GTO Evoluzione up for auction

Ferrari doesn’t normally dabble in the mundane, but some of its cars are rarer than others. A perfect example is the 288 GTO Evoluzione, a race car-turned-test bench that the company built five units of in the 1980s. While these rarely come up for sale, one is currently being auctioned.

Many enthusiasts are familiar with the 288 GTO, but the Evoluzione model remains substantially more obscure. Ferrari initially developed it to compete in the Group B rally category’s tarmac events. You didn’t need to be a seasoned car-spotter to tell the Evoluzione apart from the standard 288 GTO: it featured a specific, Pininfarina-designed body made with Kevlar and fiberglass and a carbon fiber rear wing. Power came from a 650-horsepower evolution of the road car’s 2.9-liter, twin-turbocharged V8 engine. Ferrari quoted a top speed of 230 mph.

Had it raced, the 288 GTO Evoluzione could have given Ferrari’s rivals a serious run for their money. It didn’t get the chance to compete because the Fédération Internationale de l’Automobile (FIA) eliminated the Group B class from international rally events in 1986. Ferrari instead used the 288 GTO Evoluzione to test some of the features it later brought to production in the

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