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Porsche has unveiled the Mission X, a new electric hypercar concept, which the automaker says could be the fastest road-legal vehicle ever to do a lap around the famous Nürburgring racetrack… if it goes into series production.

The hypercar was shown as part of Porsche’s celebration of its 75th anniversary of making sports cars since the original Porsche 356 came out on June 8, 1948.

Porsche says the Mission X has an “ultra high-performance, efficient electric powertrain,” but though it doesn’t give tech specs, it gives us an idea of what they might be. The design considerations for this car include these points, which we’ll break down one by one:

  • Be the fastest road-legal vehicle around the Nürburgring Nordschleife
  • Have a power-to-weight ratio of roughly one hp per 2.2 lbs
  • Achieve downforce values that are well in excess of those delivered by the current 911 GT3 RS
  • Offer significantly improved charging performance with its 900-volt system architecture and charge roughly twice as quickly as the current Porsche frontrunner, the Taycan Turbo S

The first point is Porsche’s most common benchmarking method for its vehicles. Nürburgring Nordschleife, also known as “The Green Hell,” is a famously long and difficult track that runs through the Eifel forest in Germany. Recently, Porsche has been in a battle with Tesla over whose electric car is fastest around the track, and Tesla just struck back at Porsche to take back the record this past week.

Porsche would like to get that record back, but it sounds like it’s not just throwing down the gauntlet at Tesla but at all other cars. Tesla’s new production EV record 7:25 time is respectable (slotting near the Lamborghini Aventador, Ferrari Enzo, Mercedes AMG Black, and KTM X-Bow R) and is ten seconds ahead of Porsche’s previous EV record (but well behind the NIO EP9’s “production” EV lap record). However, Tesla is still nearly a minute off the plug-in hybrid Mercedes AMG One’s record of 6:30.705 for a street-legal vehicle.

But the AMG One is 1,049 hp in a 1,695 kg (3,737 lb) package. That’s powerful but also heavy, and weight is a killer in racing, especially around the curves that make up about five minutes of that six-minute Nürburgring lap. So that’s where the Mission X’s power-to-weight ratio comes in, and if Porsche meets its intentions, it’ll be a doozy.

A power-to-weight ratio of 1 horsepower per 2.2 lbs – or 1 hp/kg – is almost unheard-of, especially in road-legal vehicles. Only a few low-production hypercars have managed to achieve this feat, though most rely on forced induction (turbocharging). The Lotus Evija is the only other electric car claiming a similar power-to-weight ratio (1,970 hp in a 1,680 kg package).

High downforce is also a key component of racing, allowing cars to stick to the road better around turns at high speeds. Porsche says the Mission X will have more downforce than the GT3 RS, which is the best in the business at 409 kg (900 lbs) of downforce at 200 km/h (124 mph).

The Mission X will use active aerodynamics, so you have downforce when you need it and not when you don’t. This helps boost speeds on long straights (like the very long straight at the end of each Nürburgring lap) but also helps improve aerodynamic efficiency, which means less energy wasted, less battery needed, and more weight saved for more performance.

And lastly, Porsche wants to improve on its fast-charging performance from the Taycan, the current fastest-charging car on the road, by upgrading to a 900-volt system (like that seen on its previous Mission R concept) and doubling the Taycan’s peak 350 kW charge rate.

While we haven’t seen road cars capable of more than 350 kW, there have been proposals for 600 kW and 700 kW charging in Formula E and Electric GT racing, respectively. So if Porsche is targeting the Mission X as a racing monster, these are the numbers it would need to aim for.

The Mission X’s entire body is made of a carbon fiber reinforced plastic (CFRP) “exoskeleton.” CFRP is an expensive but light material that helps to keep power-to-weight ratios high. Carbon fiber body panels have been used on other EVs, namely the Tesla Roadster and CFRP in the BMW i3 and i8, and the Mission X’s forebear, the Carrera GT, had carbon fiber body panels as well.

The interior is driver-focused, with an asymmetrical design and color touches indicating such. The “yoke” steering wheel is reminiscent of racing wheels, featuring an open top for visibility, mode switches, and shift paddles (though Porsche makes no other mention of transmission in its press release).

And the battery is placed in a part of the car that we don’t see often anymore – behind the driver, instead of underneath. Most EV makers put batteries at the bottom of the car to help reduce the center of gravity, which is important for performance. But Porsche chose to put it behind the driver in the Mission X.

This means a slightly higher center-of-gravity but allows for a vehicle that is otherwise shorter – a height of 47.2 inches, just an inch and change taller than Porsche’s previous 918 and Carrera GT (and three inches taller than the original Tesla Roadster, which also carried the battery behind the driver).

It also makes for more traditional vehicle handling. Racing-focused cars are traditionally built with a mid-engine layout, where the heaviest part of the vehicle is behind the driver and in front of the rear axle. This enhances traction but reduces rotational inertia, which helps cornering ability. Housing the battery in that position will give a more traditional handling feel compared to the flat and low batteries of most road EVs these days.

Porsche has not yet committed to production officially. However, one line in its press release suggests this vehicle is likely to make its way into production in some form. Usually, concept cars make no mention of series production, but Porsche explicitly says, “If the Mission X goes into series production, then it should…” before listing the car’s capabilities. This explicit callout to series production suggests that this is more of a possibility than in the case of most concepts.

Further, the name is similar to Porsche’s Mission E, which was the concept name for what eventually became the Taycan. That concept attracted plenty of excitement and eventually made it to production, and this feels like an intentional callback.

If it were to make it to production, it would do so as the latest entry in a storied list of low-production Porsche hypercars. It started with the Porsche 959, which was designed as a Group B rally car and ended up selling about 300 units to the public. Then came the Carrera GT, a 1,500-unit line that is thought of as one of the ultimate drivers’ vehicles of all time.

And more recently, the Porsche 918 plug-in hybrid brought electrification to the world of hypercars, with only 918 units made (carrying a base price of $845k). This was the first road vehicle to break the seven-minute barrier at Nürburgring. But its power-to-weight ratio was about 0.5 hp/kg, so the Mission X offers twice the relative power as its immediate predecessor.

All of these cars commanded high prices, and given the specs of the Mission X, we can imagine it would fit more into this market than into any of Porsche’s more common mass-production vehicles.

What do you think of the Mission X concept? Will Porsche make it? Can it deliver on its promises? Do you have seven figures of cash burning a hole in your pocket and are ready to order one? Let us know in the comments below.

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Why uranium mining is having a resurgence in the United States

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Why uranium mining is having a resurgence in the United States

From about the 1960s to the mid-1980s, the United States was a leader in uranium mining. But domestic production of the mineral, which is primarily used as fuel for nuclear reactors, has since fallen off a cliff.

“A lot of this was because it was a government priority. And we strategically used government funding and subsidies to support it. However, what kind of started happening during the 90s is we saw a de-prioritization away from uranium,” said Gracelin Baskaran, director of the Critical Minerals Security Program at the Center for Strategic and International Studies.

Several high-profile nuclear accidents, including the 2011 Fukushima disaster in Japan, also negatively affected public perception of nuclear energy and tanked uranium prices, leading many domestic uranium producers to shutter their mines.

The U.S. is the world’s largest producer of nuclear power, but the latest available data from the U.S. Energy Information Administration shows that the U.S. imports over 95% of the uranium feedstock needed to power its 94 nuclear reactors.

“The difficulty is we’ve prioritized nuclear, but deprioritized uranium, which we need to fuel our nuclear power and is creating an incongruence in our policy,” Baskaran said.

That’s changing as electricity demand skyrockets thanks to power-hungry AI models being developed by tech giants including Microsoft, Google, Meta and Amazon, as well as a global push for cleaner energy.

This emphasis on nuclear power is also driving demand for uranium.

A recently released report by the Nuclear Energy Agency and the International Atomic Energy Agency estimates that if demand for nuclear energy continues to grow, known uranium deposits will run out by 2080.

“Right now the uranium miners globally are not keeping up with demand,” said John Cash, president and CEO of uranium mining company Ur-Energy. “It takes years from discovery to the time you produce. So it’s going to take years for that gap to be closed between those two, and all the while, we see tremendous growing demand for nuclear power.”

The domestic uranium industry has received bipartisan support from the U.S. government.

In 2024, the Biden administration banned the import of Russian uranium and unlocked $2.7 billion in federal funding to expand domestic uranium enrichment and conversion capacity. In May, President Trump signed four executive orders aimed at speeding up the deployment of nuclear reactors to quadruple the nation’s nuclear energy capacity from 100 GW in 2024 to 400 GW by 2050.

But even with all this support, experts say, the U.S. will continue to depend on other countries for uranium.

“Even if all the uranium projects in the United States that are currently permitted and operable, we could not satisfy the demand of the United States of America,” said Mark Chalmers, president and CEO of uranium mining company Energy Fuels.

“The U.S. has a lot of room to increase its uranium production, but the difficulty is we have less than 1% of the world’s reserves. So in the long term, we’re really going to need uranium from other countries,” Baskaran said.

CNBC spoke to two uranium miners, Ur-Energy and Energy Fuels, about how they are working to restart and ramp up domestic production of uranium and the challenges they face in doing so. Watch the video to find out more.

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BYD’s EV price war is headed overseas as its cheapest car launches in Europe for $25,000

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BYD's EV price war is headed overseas as its cheapest car launches in Europe for ,000

After China warned that BYD’s recent EV price cuts are creating “war panic,” the company is now turning up the pressure overseas. BYD launched its most affordable EV in Europe, the Dolphin Surf, starting at about $25,000. The tiny EV is BYD’s top seller in China. Will it have the same impact in Europe?

BYD’s EV price war heads overseas with the Dolphin Surf

The Dolphin Surf is the European version of BYD’s best-selling EV in China, the Seagull. The Seagull is already sold for under $10,000 (69,800 yuan) in China, but after another round of price cuts last month, it’s now listed at just $7,800 (55,800 yuan).

Although it didn’t single out BYD, the China Automobile Manufacturers Association warned earlier this month (via Bloomberg) that recent price cuts are “triggering a new round of price war panic” in China.

After launching the Dolphin Surf in the UK and Europe, starting at just £18,650 (just over $25,000), BYD is now bringing its EV price war overseas.

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BYD outsold Tesla in the UK last month, registering 3,025 vehicles compared to Tesla with 2,016, and it’s quickly closing in on full-year sales.

BYD-EV-price-war-overseas
BYD Dolphin Surf EV for Europe (Source: BYD)

In what’s being called a “watershed moment,” the Chinese EV giant also registered more vehicles than Tesla in Europe for the first time in April. And that’s before the Dolphin Surf arrived, which is now among the cheapest cars in the UK.

The UK’s cheapest EV is currently the Dacia Spring, starting at £14,995 ($20,000) with a WLTP range of 140 miles.

BYD-EV-price-war-overseas
BYD Dolphin Surf EV interior (Source: BYD)

BYD’s base Dolphin Surf “Active” offers 203 miles WLTP range. A longer-range “Boost” variant is available with a range of up to 305 miles (507 km), starting at £21,950 ($30,000). Both include tech and features typically found on more premium vehicles, including a 10.1″ rotatable touchscreen and smart driving capabilities.

“Compact cars are the next frontier for electrification in Europe,” BYD’s executive vice president, Stella Li, said during the recent Dolphin Surf launch event in Rome.

BYD-EV-price-war-overseas
BYD Dolphin Surf EV launch event (Source: BYD)

Will BYD’s new Dolphin Surf spark a new EV price war overseas? Although China is warning it will have devastating impacts on domestic auto brands, it could fuel EV demand in Europe and the UK with more affordable options arriving.

Electrek’s Take

With a commanding lead in China, BYD is rapidly expanding its presence overseas to drive growth over the next few years.

According to S&P Global Mobility, BYD is expected to more than double its sales in Europe in 2025 to around 186,000 units. By 2030, BYD’s sales in Europe could reach upwards of 400,000.

And it’s not just Europe. BYD is already a leading EV brand in overseas markets, such as Brazil, Thailand, and Mexico, and is emerging as a threat in South Korea, Japan, and other key regions.

By building nearly all vehicle components in-house, including EV batteries and powertrains, BYD can offer electric vehicles at a significantly lower cost and still make a profit.

Its decision to stop making purely gas-powered vehicles in 2022 is already paying off as BYD emerges as a true global threat. One thing is for sure: BYD will be a brand to watch over the next few years as demand for lower-cost, efficient electric cars continues to grow.

Source: FT

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BHP taps XCMG to clean up its global mining operations with electric equipment

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BHP taps XCMG to clean up its global mining operations with electric equipment

The iron-mining giants at BHP have big plans to decarbonize their mining operations, and they’re turning to the Chinese heavy equipment electrification and automation experts at XCMG to help make it happen.

BHP counts itself among the world’s top resource companies, and this new Agreement signed at XCMG headquarters in Xuzhou, China aims to pair their mining expertise and operations with XCMG’s innovative line-up of electric heavy equipment options to usher in, “a new era of strategic cooperation in the field of green and smart mines.”

International Mining reports that the Agreement between XCMG and BHP will deepen the companies’ cooperation in multiple dimensions, including joint equipment research and development ventures and localized (to Australia) service system construction.​

“Our cooperation with XCMG is a key initiative for BHP to work with strategic suppliers to promote the future development of mining technology,” explains Rashpal Bhatti, BHP Group Procurement Officer. “Combining our operational experience with XCMG’s innovative capabilities to provide strong support for a safer and more sustainable mining fleet solution is an important step in BHP’s overall drive to reduce emissions from its operational assets.”

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Both groups are quick to underscore the fact that this Agreement is being seen as a starting point, not a complete definition of their new relationships. Talks are already underway to see more cooperation in key areas of technological innovation and industry standard-setting, which builds on the latest, massive $400 million deal XCMG scored with Fortescue last year.

More standardization across mining operations means lower costs, which means even higher ROI and lower TCO metrics. And, of course, That’s all that matters in this space: if something makes cents, it makes sense.

Why choose XCMG


BHP team posing with XCMG haul truck; via IM.

It should come as no surprise that BHP is tapping XCMG to help it decarbonize. At the 9th Annual Energy and Mine Australia Summit held last month Perth, Australia, the battery electric heavy equipment deal XCMG (“XCMG”, SHE: 000425) signed with Fortescue received the Innovation In Decarbonizing Material Movement award. Its proposed autonomous vehicles, too — like the XDR80TE-AT Autonomous Electric Mining Truck concept (shown, at top) — are winning prestigious international industrial design awards.

That deal pairs low-carbon manufacturing with carbon offsetting to build its machinery as XCMG works towards a net-zero emissions goal. Once the equipment is operational, it’s expected to reduce fossil fuel consumption by millions of gallons of diesel annually, setting another industry benchmark for decarbonization in the mining sector.

SOURCES | IMAGES: XCMG, via International Mining, PR Newswire.


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