Volkswagen is launching a new ID.3 model in China with an LFP battery pack as it looks to compete with lower-priced rivals. Chinese automakers like CATL and BYD dominate the LFP battery market, but VW hopes the new model can help spark sales in the world’s largest EV market.
After delivering 6.52 million vehicles through the first nine months of 2024, down nearly 3% from last year, Volkswagen blamed a “particularly intense” Chinese market.
Although the company has delivered 27% more EVs in China through September, VW’s overall vehicle sales are down by double-digits. Foreign automakers face stiff competition from domestic companies like BYD, with electric cars like the Seagull EV starting under $10,000.
After launching the ID.3 in 2021, prices started around $25,000. However, an influx of cheaper (and many times more advanced) EVs caused Volkswagen to drastically cut prices to keep up.
Volkswagen slashed ID.3 prices last summer after watching its lead slip in China. The VW ID.3 could be bought through a limited-time offer for as little as $17,500 (125,900 yuan). The price cut helped boost demand, securing over 10,000 orders by the end of the month.
The 2024 VW ID.3 starts even lower at around $15,400 (108,900 yuan), but an even cheaper version is poised to hit the market.
Volkswagen to launch new ID.3 with an LFP battery pack
According to a new filing with China’s Ministry of Industry and Information Technology (MIIT), a new Volkswagen ID.3 will arrive with a Lithium Iron Phosphate (LFP) battery pack.
Although LFP batteries are common in Chinese EVs, German automakers like VW typically use Nickel Manganese Cobalt (NMC). NMC batteries are more expensive because they require more precious metals but have a higher energy density than LFP.
Several automakers like Tesla are already moving toward LFP batteries, including the Model Y in Germany.
Others, like Hyundai Motor (including Kia), are doubling down on the tech, promising to unlock higher energy density at a lower cost.
Outside of the battery, the new Volkswagen ID.3 appears to be the same as the current model. At 4,261 mm long, 1,778 mm wide, and 1,568 mm tall with a wheelbase of 2,765 mm, the ID.3 is a direct rival to BYD’s Dolphin (4,290 mm x L, 1,770 mm x W, 1,570 mm x H).
With the 2025 BYD Dolphin starting under $14,000 (99,800 yuan), Volkswagen looks to level the playing field with a lower-priced ID.3 on its way.
The Windsor, Ontario utility says it’s driving towards a more sustainable future after adding a dozen new electric vehicles to its fleet – including a state-of-the-art, 55-foot Terex electric bucket truck.
Based on a Class 7 (33,000 lb. GVWR) International eMV Series BEV, the Terex EV takes the eMV’s 291 kWh battery and adds the Terex Optima 55-foot aerial device and HyPower SmartPTO system to create a fully electrified utility service vehicle that can do anything its diesel counterparts can do while offering better, safer working conditions for utility crews.
“We’ve got 12 EVs,” said Gary Rossi, president and CEO, Enwin Utilities. That number represents fully 10% of the utility’s entire vehicle fleet. “Our centerpiece is our electric 55-feet bucket truck. It’s very quiet,” continues Rossi. “So (the truck) allows us, our crews, to communicate better. It’s not as loud in the community when they’re doing repairs in someone’s backyard.”
That notion is echoed by Terex, itself. The company says its HyPower SmartPTO (power take off), which replaces a mechanical PTO, avoids a loud idling engine while reducing workers’ exposure to toxic exhaust fumes.
“It’s all about building Windsor’s future and literally plugging into the battery factory down the road that is being constructed and showing that Windsor is a leader on this front,” says Drew Dilkens, Mayor of Windsor. “I don’t own an internal combustion engine vehicle,” adds Mayor Wilkins. “I only own two electric cars. My wife and I, we made the change starting in 2019 and I can’t see myself ever going back.”
CTV News Windsor
Enwin says its commitment to clean energy extends beyond its vehicle fleet. The company recently unveiled a massive MW solar rooftop net metering facility at its Rhodes Drive headquarters with over 3,000 solar panels. The site, one of Canada’s largest solar installations, generates enough clean electricity to power 300 homes annually.
Built by Damen Shipyards and the first fully electric tugboat to be deployed in the Middle East, the new RSD-E Tug 2513 Bu Tinah put in its record-breaking performance took place at Khalifa Port during ADIPEC, the world’s largest energy conference.
The RSD-E Tug 2513 is based on the already efficient hull design of the standard, diesel-powered RSD Tug 2513, but its new, fully electric propulsion arrangement enables it to offer zero emissions operations in situations where oil or fuel leakage would be – let’s say especially bad.
But, while the “clean” aspect of all-electric operation is obvious, its Guinness World Record of performance shows that the Damen RSD-E Tug 2513 is up to whatever task its owners put to it.
“This Guinness World Record achievement demonstrates that the transition to alternative energy does not come at the cost of performance,” explains Maritime & Shipping Cluster, AD Ports Group, Captain Ammar Mubarak Al Shaiba. “We are very proud that the first electric tug in the Middle East is also making waves on a global level with this accolade and the fact that in parallel it is improving the sustainability of our operations alongside cost efficiencies in terms of overall fuel saving is extremely important. This vessel is now a key component of our Marine Services fleet and our electrification strategy.”
To earn its record, the the Damen RSD-E Tug 2513 Bu Tinah recorded an average high peak bollard pull of 78.2 tonnes (about 86 ‘Murican tons). The record-setting tugboat can undertake a minimum of two towage operation on a single charge, and can be recharged on a marine DC fast charger in just two hours.
US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024.
Allison Robbert | AFP | Getty Images
President-elect Donald Trump on Saturday selected Liberty Energy CEO Chris Wright to serve as the next energy secretary of the United States.
Liberty Energy is an oilfield services company headquartered in Denver with a $2.7 billion market capitalization. The company’s stock gained nearly 9% on Nov. 6 after Trump won the U.S. presidential election, but its shares have since pulled back.
Wright serves on the board of Oklo, a nuclear power startup backed by OpenAI CEO Sam Altman that is developing micro reactors.
Wright will also serve on Trump’s Council of National Energy, the president-elect said Saturday. The council will be led by Trump’s pick for Interior Secretary, North Dakota Gov. Doug Burgum.
Wright has denied that climate change presents a global crisis that needs to be addressed through a transition away from fossil fuels.
“There is no climate crisis and we’re not in the midst of an energy transition either,” Wright said in a video posted on his LinkedIn page last year. “Humans and all complex life on earth is simply impossible without carbon dioxide. Hence the term carbon pollution is outrageous.”
“There is no such thing as clean energy or dirty energy,” Wright said. “All energy sources have impacts on the world both positive and negative.”
Trump described Wright as a “leading technologist and entrepreneur in the energy sector.”
“He has worked in Nuclear, Solar, Geothermal, and Oil and Gas,” the president-elect said in a statement Saturday.
“Most significantly, Chris was one of the pioneers who helped launch the American Shale Revolution that fueled American Energy Independence, and transformed the Global Energy Markets and Geopolitics,” Trump said.
The U.S. has produced more crude oil than any other country in history, including Russia and Saudi Arabia, since 2018, according to the Energy Information Administration.