Toyota Motor Corporation (NYSE:TM) developed a positive electrode material able to significantly increase the capacity of sodium-ion batteries, and the company claims that the new material could possibly lead to the development of batteries able to provide power for electric vehicles for 500 km to 1,000 km on a single charge. The automaker created a prototype batter that uses the new material, according to The Nikkei. The batter is about the size of a coin and functions at room temperature, and it can also generate an electric voltage value, used to calculate the maximum mileage of electric vehicles, which is 30 percent more than that of lithium-ion batteries.
Honda Motor Co., Ltd. (NYSE:HMC): Hyundai along with its affiliate Kia Motors Corp. have begun to regroup after they admitted to the larges overstatement of fuel-economy ratings that was ever discovered by the EPA. The beneficiary is Honda, and it has fallen behind in fuel efficiency, according to Bloomberg.
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Tesla Motors, Inc. (NASDAQ:TSLA) Model S won Motor Trend’s Car of the Year award, and Tesla CEO Elon Musk mentioned his intentions to expand Tesla’s model line, including the plans for an electric supercar and electric truck, according to Digital Trends, citing a Motor Trend interview with Elon Musk.
A123 Systems, Inc. (NASDAQ:AONE): Immediately after launching the Spark (NYSE:SUB) sub-compact car during the summer, Chevrolet has disclosed details related to the all-electric version that the company intends to debut at the 2012 L.A. Auto Show. According to Chevrolet, the Spark EV is to have 130 horsepower (100 kW) coming from an oil-cooled electric motor, which is a large boost from the 84 horsepower in the gas-powered car. Also, torque has skyrocketed to 400 pound-feet (better than a new Porsche 911), which Chevy claims assists the car in going from 0 to 60 in less than eight seconds. The power is derived from a 20 kWh hour lithium-ion battery, which is to be covered by an eight-year, 100,000-mile warranty. The battery was developed by A123 Systems, which is a company recently filed for bankruptcy, and it provides batteries to Fisker to use in its Karma plug-in hybrid car.