"It's comeback week, and not just because I have returned from vacation. I'm talking about the biennial IAA Mobility conference in Munich and the purposeful effort among German automakers to show the world it can still offer compelling, technologically advanced, and affordable vehicles. The subtext of the splashy event that started Tuesday: "Hey, China, we're not out of the race.""
"One other IAA news item of note: Rimac Technology, the tech and parts unit of Rimac Group, has developed solid-state battery packs it says will be available by late 2027. These batteries apparently pack in the energy and can be charged from 10% to 80% in under 10 minutes. But they have some work to do. Chinese companies like BYD almost doubled their market share in Europe over the past year, JATO Dynamics reported in July."
German automakers showcased numerous new vehicles, including electric models, at the IAA Mobility conference in Munich to demonstrate technological capability and affordability. Executives emphasized plans to compete in China, with VW Group's Oliver Blume outlining EV strategies to address past lagging performance. Chinese automakers have been expanding into Europe and customers have responded, with BYD nearly doubling its European market share over the past year. New product introductions include an all-electric Mercedes GLC, the BMW iX3 with four 'superbrain' computers, and Volkswagen ID Polo and ID Cross concepts. Rimac Technology announced solid-state battery packs claimed to charge from 10% to 80% in under ten minutes by late 2027.
Read at TechCrunch
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