Despite the fact that Tesla Motors, one of the best-known electric car manufacturers in the world, has yet to make a profit, the company will be floating on the US stock market today with a value of US$1.25 billion. The company is offering 13.3 million shares at a price of US$17 each which will see the company raise around US$260 million. Of the 13.3 million shares on offer there are only 1.4 million from existing shareholders who will retain a significant stake in the company going forward.
Share issue
The Tesla Motors share issue is something which has been ongoing for some time and been eagerly awaited by those in the marketplace. The electric car industry is one which has caught the eye of investors around the world and has seen the company increase its indicative share price range from US$14- US$16 up to the final figure of US$17 a share. There has been massive interest in the company and the share price is expected to do well in early trading.
This is the first US automotive company to float on the stock market since Ford back in 1956 which perfectly reflects what a unique opportunity many people believe that an investment Tesla Motors could become.
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A Tesla Roadster traveling around the world has arrived at the Great Wall of China, the most iconic cultural landmark of the eight-month road trip for the electric vehicle.
One of the stops the Roadster had last week was at one section of the 8,852-kilometer Great Wall, with one of China’s most respected actors Chen Dao Ming known for his roles in “Hero,” and “Aftershock,” driving the vehicle along the revered Wall. (more…)
Hybrid SUVs are perhaps more commonplace in the US than anywhere else in the world but there is no doubt that they are now starting to hit different areas and different countries around the globe. So what is a Hybrid SUV and what exactly does it have to offer to the motorist of today?
What is an SUV?
An SUV is a generic term for a sport utility vehicle which can be best described as a “station wagon” placed upon a light truck chassis. These are larger than normal vehicles which are usually able to operate on off-road and on road terrain, offering significant towing capacity as well as the ability to carry a similar number of people as you would find in a minivan or a large sedan.
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India is emerging as a dominant force in the global economy. The technological advances made by the country have benefited many countries all over the world. However, the cost of economic development has also affected the air quality of the developing nation.
Considered as a breakthrough in the alternative fuel vehicle products, the zero-emission urban commuters’ vehicle ushers in a new era of mobility in the Indian market. The spread of clean air alternative vehicles in the country could help limit the spread of air pollution. (more…)
As the electric car market continues to grow the number of electric cars for sale has ballooned over the last few years. There are literally hundreds of different electric cars to choose from in the mass market and yet more electric cars in the limited marketplace which can take in areas such as electric sports cars. Let’s take a look at the electric cars for sale at the moment………..
Tesla Roadster
Tesla is one of the best-known electric sports car companies in the world and has in many ways stolen a march on its competitors who are still coming to terms with a fairly significant consumer shift from traditional motor vehicles to electric vehicles. The Tesla Roadster is capable of a top speed of 125 mph and can cover up to 250 miles between charges. This is a vehicle which is proving very popular in the UK and worldwide and one which also qualifies for various road tax and congestion charge exemptions.
Mitsubishi MiEV
The strangely named Mitsubishi MiEV has been available in the UK under a pilot scheme from November 2009 but only in the Midlands. However, a new batch of Mitsubishi MiEVs is on the way as demand continues to grow and consumers begin to recognise the enormous efficiencies and cost savings associated with the electric car market. This is a vehicle which has a slightly subdued maximum speed of 81 mph, although still in excess of the maximum UK speed limit, although the fact that running costs are estimated at around 6% of that associated with a comparable petrol vehicle is a major benefit for consumers. This particular vehicle will give you around 100 miles before the need to recharge the battery.
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While speed has not always been one of the major factors dictating the popularity of electric cars it is now evident that more and more electric vehicles are now competing on a level playing field with more traditional sports cars. While many believe it was the Tesla Motor company which put electric powered sports cars on the map, a number of other companies have now joined the fray and the sector is starting to fill up.
So what can we expect from electric cars of today and electric cars of tomorrow?
In order to give you an understanding of the current market situation we will list a number of mass-market electric cars available today as well as a number of prototypes which have grabbed the attention of electric car experts and opened many minds with regards to what could and should happen in the future.
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Over the last few years there has been a massive increase in demand for eco-friendly cars and other vehicles with the environment becoming a major point of concern for many governments and many people around the world. So what eco-friendly cars are available today and what can you we expect in the future?
The environment
The environment has become a major concern for many people around the world and cars, as well as other vehicles, have been blamed for pumping CO2 omissions into the atmosphere and the effects this could have on environments around the world. However, it is not only CO2 which is a problem at the moment with a whole host of other issues associated with traditional vehicles from the disposal of car batteries to the energy which can often be wasted by traditional vehicles.
As a consequence, more and more eco-friendly cars are now becoming commonplace on roads and highways around the world.
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Nissan, Ford, Toyota, Mitsubishi and the other leading car manufacturers in the world are planning to roll out their own brand of electric vehicle on Canadian roads in the next two years.
Stephen Beatty, Managing Director of Toyota Canada recently said that, several electric vehicles would be coming out into the market in Canada by 2012. (more…)
Despite the fact that electric cars are only now starting to come more commonplace on highways around the world there is no doubt that the technology associated with an electric car battery is still in its infancy. There is no point producing the best electric cars in the world if electric car batteries have short maximum distances before they need recharging and electric car battery recharging stations are few and far between. So what can we expect from future electric car batteries?
Electric car industry
Over the last decade there has been a massive increase in the number of car manufacturers looking towards the electric car industry which has led to the creation of a new and exciting business arena surrounding electric car batteries. However, it is taking some time to put together readily available recharging stations and therefore this is placing more pressure upon car manufacturers. So what is available today and what can you expect in the future?
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Mitsubishi Motors Corporation’s Global President, Osamu Masuko, recently announced at a press conference that the automotive manufacturer would supply i-MiEV electric vehicles to Australia.
Marking his first official visit to Australia, Masuko confirmed that Mitsubishi Motors Australia Limited (MMAL) would be the first company to release a manufacturer produced electric vehicle in the land Down Under. (more…)