Connect with us

Top Five: Global EV Platforms




The common global platform strategy is nothing new. Carmakers have sought to cut development and construction costs by using the same kit of parts to build a range of different models for decades. However, with the EV revolution comes the chance to further hone development.

And that’s good news too – with battery prices still representing a significant chunk of the vehicle cost, finding other ways to trim expense is essential to keep EVs affordable and appealing to end consumers.

For our latest Top Five, we have been taking a look at five common global electric vehicle platforms from some of the world’s biggest carmakers. Each offers slightly different approaches, with differing takes on battery capacity requirements, motor provision and level of commonality, but one thing they do agree on is the significant up-front cost: the five profiled here represent an investment of at least $160bn – yes, billion dollars!

#1 – Volkswagen Group MEB


Production locations: Zwickau, Germany (2019); Shanghai, China (2020); Chattanooga, TN, US (2022)
Investment: Over €30bn by 2023
Example models: Volkswagen ID3 and ID4; Seat El Born; Audi Q4 e-tron; Skoda Enyaq
Estimated volume: 15 million vehicles by 2025
Battery sizes: 52kWh to 77kWh
Range: 205 to 342 miles
Charging capacity: 125kW
EMotor: Rear-drive first; twin motor all-wheel drive to follow

VW’s answer to the transition from ICE to EV is its MEB platform. Set to underpin a host of models from the Group’s brands, MEB is short for Modularer E-Antriebs-Baukasten, which translates from German into English as modular electric drive matrix.

The platform has received huge investment from the VW Group, with the first car – the VW ID3 – now beginning to make its way from production and into dealers. In addition to being used across the Group, the platform is up for sale, with Ford signing on for 600,000 to underpin a European-market SUV, due to launch in 2023.

#2 – GM Global EV Platform


Production locations: Detroit-Hamtramck, MI, USA (2021); Multiple locations in China
Investment: $20bn by 2025
Example models: Cruise Origin; Cadillac Lyriq; GMC Hummer
Estimated volume: 1 million per year in the US and China by 2025
Battery sizes: 50kWh to 200 kWh
Range: Up to 400 miles
Charging capacity: Up to 200kW
EMotor: front, real and all-wheel drive versions possible

GM just beat coronavirus to the punch by unveiling its new global EV platform on March 4 at a special media day, held in its Design Dome in Warren, MI.

Presented by GM CEO Mary Barra, the GM Global EV platform features high levels of configurability built in, thanks to the firm’s LG Chem-sourced pouch cell Ultium batteries that allow for more flexibility of formats. The cells also drive down cost, with GM claiming less than $100/kWh.

Its EVs will use GM-developed motors, feature DC fast charging capability, and Super Cruise ADAS as standard. The first drivable vehicle using the platform will be the Cadillac Lyriq SUV, and – like VW – GM has announced that Honda will design and built two EVs using GM’s EV platform.

#3 – Toyota Electric New Generation Architecture e-TNGA

Production locations: Tianjin, China with FAW
Investment: $13bn by 2030
Example models: Toyota C-HR; Lexus UX300e
Estimated volume: 1 million per year by 2025
Battery sizes: Three available, 54.3kWh confirmed with up to 100kWh coming
Range: 186 to 372 miles
Charging capacity: 50kW announced so far
EMotor: front, rear and all-wheel drive versions possible

Toyota originally planned to sell one million zero-emission vehicles per year by 2030. However, it revised that in 2019 to achieve EV and FCEV sales volumes of a millions units by 2025, focusing first on the Chinese market and rolling out from there. Key to this is the TNGA architecture that rolled out under the latest Prius, and is fully electrified first in the Toyota C-HR, first shown at the 2019 Shanghai Motor Show.

Designed in collaboration with Subaru, the e-TNGA EV Platform is flexible enough to accommodate a host of different vehicle types and drive options. These include three different wheelbase lengths, three different battery sizes and three different power outputs. Toyota has stated that it will offer an initial 10 models globally by 2025.

#4 – Renault-Nissan-Mitsubishi CMF-EV


Production locations: Flins, France; Smyrna, TN, US; Sunderland, UK; Oppama, Japan
Investment: Over $10bn by 2022
Example models: Renault Morphoz concept (above); Nissan Ariya concept
Estimated volume: 1 million per year by 2022
Battery sizes: 40kWh to 90kWh
Range: 249 miles to 435 miles
Charging capacity: TBC
EMotor: front and all-wheel drive versions possible

The Common Module Family platform is already in use under ICE-powered cars like the Nissan Qashqai and Renault Megane. However, the EV version is on the way this year. First hinted at by the 2019 Tokyo Motor Show arrival of the Nissan Ariya, a concept built on an undisclosed EV platform with a twin-motor drivetrain, the Renault Morphoz concept officially debuted the CMF-EV architecture earlier in 2020.

The concept was intended to debut at the Geneva Motor Show, but got an online release instead as the event was cancelled due to Covid-19. The Morphoz is a shape-shifting showcase designed to highlight the flexibility of the platform. At least 12 models built on CMF-EV are on their way in the next two years.

#5 – Hyundai-Kia E-GMP Global EV Platform

Production locations: Multiple undisclosed
Investment: $87bn by 2025
Example models: Hyundai 45 and Prophecy; Kia Imagine
Estimated volume: Hyundai 560,000 per year by 2025; Kia 500,000 per year by 2026
Battery sizes: 58kWh to 73kWh
Range: 218 to 311 miles
Charging capacity: Up to 200kW
EMotor: front and all-wheel drive versions possible

Hyundai-Kia is taking EVs extremely seriously, announcing a huge $87bn will be spent by 2025 – including Hyundai’s plan to invest $52bn in future technologies through 2025, while Kia will invest $25bn in electrification and future mobility technologies, aiming for eco-friendly vehicles to comprise 25 per cent of its total sales by 2025.

Right now, the firms have a joint Eco-Car platform that underpins the Hyundai Ioniq and Next, and the Kia Niro, while the Hyundai Kona and Kia Soul Electric use the small-car platform. However, the firms will move to the E-GMP, beginning with the Hyundai 45 later this year, while the next-generation Ioniq is due in 2021, previewed by the Prophecy concept. A Kia sedan, previewed by the Imagine concept, is due in 2021 too. Unlike some rivals, E-GMP uses Porsche Taycan-esque 800V technology.

In addition to going it alone, Hyundai and Kia are spreading their investments to increase EV knowledge quickly. The firms have invested an undisclosed amount in US start-up Canoo in order to develop a bespoke, flexible EV platform for a range of smaller cars, while a further $110m has been spent partnering with UK-based Arrival for commercial EVs.



For Big Investors, the Recent Bitcoin Drop Presents More Buying Opportunities

Republished by Plato



Bitcoin has fallen deeply into a state of oblivion. Once trading for well over $64,000, the world’s number one digital currency by market cap has lost nearly $20,000 in value since last month and is presently trading for just over $47,000.

Bitcoin Is Still Being Bought Up

Among many analysts is an attitude of gloom and doom. Some consider the end of bitcoin to be near, while other largescale investors – such as Michael Saylor of MicroStrategy fame – think that this is the perfect opportunity to add more bitcoin to their private and company stashes and buy up.

Saylor has recently come out and admitted that not long after Elon Musk announced his company would not be accepting BTC payments for goods and services, his company purchased another $15 million worth of the digital asset. The recent dip can likely be attributed to Musk’s sudden dismissal of BTC payments, which a lot of people in the crypto space were relying on.

This was going to be a major push forward in the world of BTC. It would be seen as a legitimate and mainstream method of payment considering such a huge, billion-dollar company would allow its usage alongside fiat and credit cards.

Sadly, it does not look like this is going to pass, and bitcoin has suffered as a result, but for people like Saylor, the present conditions offer more opportunities to take advantage of. In a tweet, Saylor announced his company’s recent purchase:

MicroStrategy has purchased an additional 271 bitcoins for $15 million in cash at an average price of about $55,387 per bitcoin.

Thus far, the company has accumulated nearly $2.5 billion in BTC over the past nine months according to a filing with the Securities and Exchange Commission (SEC). MicroStrategy was one of the first major institutions to pledge public support to bitcoin and initially began buying the asset in August of last year.

While Saylor looks at the recent situation as something positive for men like himself, others are expressing disdain with Elon Musk and the fact that he is constantly saying things that have large effects on bitcoin and its competing altcoin cousins.

Maybe It’s Time to Think Before You Talk

Dennis Kelleher – CEO of Better Markets in Washington – explained to reporters:

The problem here is that a loose cannon CEO continues to shoot his mouth off about any number of potential market-moving events. It is clearly grossly irresponsible, but it may not be illegal.

For the most part, there is no evidence supporting the idea that Musk does what he does or says what he says on purpose. It could be that he just simply does not realize his power within the industry yet. However, perhaps it is time he takes a breather and really thinks about his next steps regarding crypto, as it clearly has an effect on the rest of us.

Tags: bitcoin, Elon Musk, Michael Saylor, MicroStrategy Coinsmart. Beste Bitcoin-Börse in Europa

Continue Reading


Litecoin Price Prediction: LTC/USD Goes Bearish on a Correctional Note

Republished by Plato



LTC Price Prediction – May 17
Currently, a downward correctional move is ongoing at a higher pressure in the LTC/USD market activities. The US currency forces its worth on the crypto since May 10 while the base instrument hit resistance around a high value of $400. With about a 10.07% reduction presently in the crypto market, price now trades at around the level of $266.

LTC/USD Market
Key Levels:
Resistance levels: $320, $360, $400
Support levels: $240, $220, $200

LTC/USD – Daily Chart
The LTC/USD daily chart showcases a heavy downward price correctional movement as most of the vital support trading levels breached to the downside. An intense bearish candlestick is being formed in the space between the SMAs. That has led to the breaking down of the bullish trend-line and the 14-day SMA trend-line to the south. The 50-day SMA indicator is being approached by current falling pressure at the immediate support value of $240. The Stochastic Oscillators are now in the oversold region slightly pointing to the south within it. That still calls for placing position with cautiousness as there may soon be a change of trend in no time.

Will the LTC/USD current fall-off reach for support of $240?
Going by the current pace at which the LTC/USD market operations as regards the downward correctional moves, it is most likely that bulls will await price to either closely average or briefly touch past the immediate support level of $240 before considering launching a pull-up. That said, a bullish candlestick formation is needed to back up a reliable return of an upward move at that trading zone.

On the account of contradiction, as regards the market’s upside, bears would now have to consolidate their stance in the market to forcefully break down the $240 support level in a continuation southward pushes to see through some lower support trading lines. The smaller SMA indicator may not play along with the furtherance of downswing at the first instance of heightening pressure.

LTC/BTC Price Analysis
As of writing, the comparison trading capacity outlook between LTC and BTC as shown on the chart depicts that the counter instrument has only been able to hold back the base tool in a convergent trading cycle at higher zones. Yet, the trend is having it to favor of LTC as placed with BTC. The 14-day SMA trend-line and the bullish trend-line are over the 50-day SMA. And, they are all underneath the cryptos’ trading point. The Stochastic Oscillators have slantingly moved into the oversold region with a brief-pointing posture to the south. That indicates that the possibility that the base instrument may soon begin a push further to the north.

Coinsmart. Beste Bitcoin-Börse in Europa

Continue Reading


Iranian government to penalize crypto miners using household power

Republished by Plato



The Iranian government has now warned of hefty fines for those who will be caught mining cryptocurrencies using power intended for domestic use.

This after authorities registered a significant spike in electricity consumption for digital currency mining, further straining the already stressed hydropower generation caused by insufficient rainfall in the country this year.

The government said the illegal mining operations for virtual currencies that rely on electricity intended for households cause transformers to be overloaded, damaging the power grid. According to Tehran Times, Iranian Ministry of Energy spokesperson Mostafa Rajabi Mashhadi said unauthorized miners “will be fined when identified and held responsible for the damages they cause to the electricity network.”

Mining rapidly expanding in Iran

Back in 2019, the Iranian government legalized cryptocurrency mining, classifying it as an industrial activity.

In 2020, over 1,000 mining licenses were issued by the Ministry of Industry, Mining, and Trade, and power companies were provided with an avenue to increase their profits through meeting the industry’s power demands.

Selling electricity to cryptocurrency miners was seen as an option to fill the gap between revenues and expenditures in the electricity industry. However, with the current energy crisis being faced by the country, this move is now also being questioned.

Power consumption through the roof

Per the latest available data, the cryptocurrency mining sector in Iran consumes up to 1,500 megawatts of electricity each day. Back in December, this figure only sat at 300 megawatts. Authorities revealed that only around 200 megawatts of the current average daily consumption are legal.

Chinese companies have taken advantage of low and subsidized electricity prices in Iran to establish mining operations in the country’s Special Economic Zones.

The Ministry of Industry, Mines, and Trade estimates around $660 million worth of cryptocurrency is mined annually by unlicensed facilities in Iran.

Image courtesy of Cointelegraph News/YouTube

Coinsmart. Beste Bitcoin-Börse in Europa

Continue Reading
Blockchain4 days ago

US Investment Bank Cowen to Offer Crypto Custody Services

Blockchain5 days ago

Buterin Plugs UNI as Next Oracle Token

Blockchain5 days ago

Which ‘green’ cryptocurrency is Tesla likely to add for payments?

Blockchain5 days ago

Bitwise Launches ‘Crypto Innovators’ ETF

Blockchain4 days ago

Elon Musk Pokes Massive Hole in the Bitcoin Market After Halting Bitcoin Payments at Tesla

Blockchain5 days ago

Facebook’s Diem Enters Crypto Space With Diem USD Stablecoin

Blockchain5 days ago

Venture platform Cognitive Blockchain invests in cross-chain compute network Cudos

Blockchain5 days ago

Ethernity Chain Memorializes Tony Hawk’s Latest 540 Skate Trick With NFT

Blockchain5 days ago

Vitalik Buterin Dumps His SHIB, Price Tanks 30% In 1 Hour

Blockchain5 days ago

The STC Token is Live – And Over 10 Crypto Exchanges are Ready for It

Blockchain5 days ago

Diem parters with Silvergate bank to launch stablecoin in the US

Blockchain4 days ago

DeFi Staple UMA Launches “Optimistic Oracle”

Blockchain4 days ago

MicroStrategy Buys Another $15M Worth of Bitcoin at $55K

Blockchain5 days ago

In Less than A Week, How Internet Computer (ICP) Climbed To The Top 10

Blockchain4 days ago

Here’s why Ethereum, AAVE, ALPHA are unfazed by Bitcoin’s latest ‘Elon candle’

Blockchain5 days ago

Vitalik Buterin Has Dumped His Unsolicited Doge-Clones

Blockchain4 days ago

Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot

Blockchain4 days ago

Diem Relocates From Switzerland to the US to Launch an USD-Backed Stablecoin

Blockchain5 days ago

Government Adoption: Cryptos are property in Texas, Hungary to cut taxes

Blockchain4 days ago

AppSwarm’s DOGE division calls for a global dev teams to build off Dogecoin