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NRI Investors can use Indian Housing investments as hedge during troubled times: Shajai Jacob

Real Estate - Fri, 09/06/2019 - 05:49

The Indian real estate market right now stands in equilibrium as prices are stable across most cities in India. However, this is slated to change in the medium to long term as demand should outweigh supply over the next few years, primarily due to decline in residential launches. Sales have, in fact, overshadowed new launches in the past 4-5 quarters - signalling the revival of the sector.

 

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Seat Tarraco PHEV SUV will be showcased at IAA

US News - Mon, 09/02/2019 - 17:58
Seat Tarraco PHEV SUV will be showcased at IAA

Spanish Volkswagen subsidiary Seat has announced that it will soon introduce a plug-in hybrid variant of the Tarraco SUV model.

According to the announcement, the Tarraco model outfitted with a plug-in hybrid drive will be called the Seat Tarraco FR PHEV. The vehicle -- a petrol-electric SUV -- will be premiered by Seat at the upcoming IAA event.

The orders for the soon-to-be-introduced Seat Tarraco FR PHEV will likely be opened in early 2020. The cost of the vehicle has not been quoted yet.

Going by the details shared by Seat, the plug-in powertrain of the Tarraco FR PHEV comes mainly from Volkswagen’s Passat GTE, but with a higher system power. For comparison, the Passat GTE has 160 kW system output, whereas the Tarraco FR PHEV will have 180 kW system output.

Due to the high system output of the Tarraco FR PHEV, Seat has opted for a sportier design for the vehicle. With regard to the technical data, Seat has revealed that the PHEV will be equipped with a 13 kWh battery pack, an 85 kW electric motor, and a petrol engine with 110 kW power output. The high-voltage accumulator of the vehicle will have a capacity of 13 kWh.

The expected WLTP driving range of the Tarraco PHEV is nearly 50 km. However, the exact figures of the PHEV’s range have not been officially disclosed by Seat because the vehicle has not yet been homologated.

Business: Auto SectorCompanies: VolkswagenSeatRegion: EuropeSpainGeneral: FeaturedTNMProduct Launch

Audi e-tron 50 SUV would start at $55,000 in Europe

New Zealand - Mon, 09/02/2019 - 17:55
Audi e-tron 50 SUV would start at $55,000 in Europe

German automaker Audi has started released pricing information for its new ‘e-tron 50’ electric SUV in different European countries. The automaker has lately disclosed the price of the vehicle in Norway.

According to a recent announcement by Audi, the cost of the e-tron 50 SUV in Norway will begin at 499,000 Norwegian Kroner (approximately $55,000).

The e-tron 50 electric SUV -- a new, cheaper variant of the e-tron -- was unveiled by Audi earlier this month. The automaker is planning to launch the new variant only in European markets, apparently with the aim to lower the e-tron entry price. Audi particularly wanted to have a cheaper e-tron version for Germany, where the government incentives are available only for electric vehicles with entry price below EUR 70,000.

Compared to the current e-tron 55 model, the new e-tron 50 is equipped with a smaller battery pack, and has a shorter driving range. In more specific terms, the e-tron 50 has a 71 kWh battery pack and a 186-mile (299 km) range, while the e-tron 55 has a 95 kWh battery pack and a 248-mile range based on the WLTP standard.

Audi has revealed that the battery pack of the e-tron 50 has a 120 kW maximum charge rate. The vehicle is outfitted with a dual-motor all-wheel-drive system with 308 hp output. It has an electronically-limited top speed of 118 mph (190 km/h), and will take 7 seconds for 0-62 mph (0-100 km/h) acceleration.

Business: Auto SectorCompanies: AudiRegion: GermanyGeneral: TNMFeatured

New Compact SUV ES3 Coming from Chinese Electric Automaker Nio

US News - Mon, 09/02/2019 - 06:52
New Compact SUV ES3 Coming from Chinese Electric Automaker Nio

Chinese electric car startup Nio is planning to introduce a new model before the end of 2019. The new model, marking the company’s third vehicle, will be another electric SUV called the ‘ES3.’

According to Nio, the forthcoming ES3 model will be a five-seater compact e-SUV. It is based on the same platform as Nio’s two bigger electric SUVs -- the ES8 and the ES6 -- which will be produced by the company in collaboration with JAC Motor.

The series production of the ES3 compact e-SUV is scheduled to commence at a Beijing factory in the second half of 2020. The target production for the ES3 by Nio for 2020 is 80,000 units, which will subsequently be increased to 150,000 units in 2021.

The technical specifications of the upcoming Nio ES6 e-SUV have not yet been officially disclosed. Nonetheless, reports from China have suggested that the vehicle will have a driving range equal to or more than the 500 km (NEDC) range of the ES6 model. The reported driving range of the ES3 evidently comes against the backdrop of the fact that the ES3 will be smaller and lighter than the ES6, despite the same platform.

Meanwhile, Nio has announced that the ES3 will be positioned as a high-end product above the standard market segment for compact SUVs. The compact SUV segment in China typically ends at approximately 200,000 yuan.

Business: Auto SectorCompanies: NIORegion: ChinaGeneral: FeaturedTNM

Linde buys 10 percent stake in Green hydrogen producer Hydrospider

US News - Sat, 08/31/2019 - 17:39
Linde buys 10 percent stake in Green hydrogen producer Hydrospider

The Irish-domiciled industrial gases group Linde has revealed in a recent announcement that it has acquired a 10% stake in Swiss ‘green’ hydrogen producer and supplier Hydrospider AG. The move reaffirms the fact that Linde is committed to hydrogen mobility.

Hydrospider is equally owned by H2 Energy and Alpiq. The two companies have sold 5% of their stake each in Hydrospider to Linde. As such, H2 Energy and Alpiq now have a 45% stake each in Hydrospider.

Hydrospider is currently constructing the first commercial hydrogen production plant in Switzerland. The plant, located in Gösgen hydroelectric power station, will be opened by Hydrospider by the end of 2019. At the plant, Hydrospider will use 100% hydroelectric power to produce climate-friendly hydrogen.

The ‘green’ hydrogen produced by Hydrospider in Gösgen will be used for commercial operations, specifically for powering heavy-duty fuel cell trucks from South Korean automaker Hyundai Motor Company. According to a letter of intent signed by H2 Energy and Hyundai, the first 50 of the 1,600 planned fuel cell electric trucks powered by ‘green’ hydrogen will be brought on to the roads in Switzerland by the year 2025.

In reference to Linde’s acquisition of a stake in Hydrospider, Jens Waldeck -- Managing Director of the Linde Gases Division for Central Europe -- said that the move will give Linde the opportunity to “actively participate in one of the most attractive projects for green hydrogen and zero-emission mobility in Europe.”

Business: Company UpdatesEnergy SectorCompanies: Linde GroupRegion: IrelandEuropeGeneral: FeaturedTNM

Volkswagen reduces price of e-Golf in German Market

New Zealand - Sat, 08/31/2019 - 16:09
Volkswagen reduces price of e-Golf in German Market

According to reports, German automaker Volkswagen (VW) has made a downward revision in the price of e-Golf electric car in its home country.

The e-Golf price drop in Germany is evident from the electric car’s website configurator which shows that the vehicle now costs EUR 31,900, instead of its earlier price of EUR 35,900.

Hence, as per the indications from the website configurator, the base price of the Volkswagen e-Golf in Germany has dropped by EUR 4,000.

With the e-Golf base price having being reduced by Volkswagen in Germany, it is projected that the electric car’s price in other countries in Europe will also be successively lowered. The price-drop amount will apparently depend on respective markets. However, as of now, the vehicle’s website configurator in the UK still reflects the old price --- 33,840 pounds (EUR 37,300).

The e-Golf was last given a model upgrade by Volkswagen in spring 2017. The upgrade chiefly unfolded a notably bigger battery pack for the vehicle, thereby increasing its electric range. With the e-Golf still being manufactured, configured and ordered, it is presently not clear when the production of the vehicle will be stopped by Volkswagen. Meanwhile, since the upcoming VW Golf 8 will not be launched as a purely electric model, it is projected that the VW ID.3 will apparently assume the role of e-Golf in future.

Business: Auto SectorCompanies: VolkswagenRegion: GermanyGeneral: TNMFeatured

Tesla upgrades Superchargers across Europe to 150kW capacity

US News - Sat, 08/31/2019 - 16:07
Tesla upgrades Superchargers across Europe to 150kW capacity

US electric vehicle maker Tesla is upgrading its V2 Superchargers in Europe, increasing the charging capacity of the Superchargers to 150 kW from the current 120 kW. The V2 Superchargers are Tesla’s second-generation supercharging stations for electric vehicles.

Tesla’s move to update the European V2 Superchargers comes a few months after the company’s announcement about increasing the charging capacity of its Superchargers in the US to 150 kW earlier in 2019. The V2 Superchargers comprise a large part of Tesla’s fast-charging stations deployed worldwide.

In announcing the charging-capacity upgrade coming to the V2 Superchargers in Europe, Tesla has said that the upgrade will benefit almost all the V2 Superchargers which have been deployed at nearly 500 supercharger locations across the continent.

Against the backdrop of the increase in charging capacity of V2 Superchargers, Tesla has asserted that the Model 3 large-battery variants, as well as all the vehicles in the new Model S and Model X series, have the capability to charge at the new peak rate of up to 150 kW.

Moreover, with the ‘Performance’ and ‘Maximum Range’ versions of Model 3 already capable of accommodating up to 200 kW at corresponding non-Tesla fast-charging stations, Tesla has revealed that the deployment of the first European V3 Superchargers -- with up to 250 kW charging capacity -- by is being planned towards the end of 2019.

Business: Auto SectorCompanies: Tesla MotorsRegion: EuropeGeneral: FeaturedTNM
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