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BMW, Toyota warn about Chinese market slowing down

BMW and Toyota are the latest automakers to become concerned about the closing throttle on the once rapidly accelerating vehicle market in China. There might be drastic effects on their ledgers at the end of the year. With the Chinese stock market no longer looking so healthy, the people just aren't buying as many new cars as in the past. Things got really bad in June after the first drop in deliveries in two years. BMW has already reduced Chinese production by 16,000 units so far this year. Despite the slowdown, the company has kept a brave face. "We experience that volatility in all emerging markets," BMW CEO Harald Krueger said in a conference call, according to Automotive News. The problem for Toyota is a bit stranger. Through July, the automaker's Chinese deliveries were actually up 12 percent. However, the gain was offset by falling sales prices. "This is making our business in China quite difficult. The business environment is getting tougher," Toyota Managing Officer Tetsuya Otake said, Automotive News reported. Much of the weakness in China has come in the middle part of the year, and from January through June deliveries were still up 8.4 percent. This means the effects haven't hit the financial results of some automakers too hard quite yet. In the second quarter, General Motors referenced the "challenging conditions" there but still posted a growing net income of $1.1 billion. Despite falling global sales, Toyota managed record income for the quarter, too.

BMW i8 to go full-electric after facelift

According to Autocar, BMW has plans to turn the i8 sports car from a hybrid to a fully electric vehicle. The carbon fiber structure would be modified with a wider center tunnel to house a sizable battery. Despite this, there would be no weight gain to the i8; the current version weighs in at 3,274 lbs. The electric prototype would have three BMW-developed brushless electric motors, two of them powering the rear wheels and one of them taking care of the front wheels. As the 1.5-liter gasoline engine would be shelved, there would be ample space for the two rear-mounted motors. Currently, the i8 produces 357 horsepower all told, but the electric motors in the prototype are said to produce up to 268 horsepower – each. The electric prototype is to be based on the architecture of a hydrogen prototype, which manages 242 horsepower in total. The information relayed on to Autocar comes from a source close to BMW's development boss, Klaus Frohlich. The facelifted version of the i8 should arrive next year, with awaited improvements like a new 26Ah lithium ion battery – 6Ah up from the current version. There is also talk of a Qualcomm inductive charging system, and its 7.2kWh operating power is doubled from the current 3.6kWh plug-in setup. If the rumormill is to be believed, engine output in the facelifted version would be up ten percent, resulting in 390 horsepower. Related Video: News Source: Autocar Green Rumormill BMW Electric Hybrid Hydrogen Cars

BMW i introduces home energy storage using i3 batteries

What happens when you take the battery out of a BMW i3 and put it into a grid-connected box? According to BMW, you get a home energy system that, "integrates seamlessly with charging stations and solar panels." It should also give i3 owners a bit more value out of their used cars, if BMW ever explains how they can sell their cars or the batteries back to the company for use in a system like this. Announced at the EVS29 event in Montreal today, BMW's stationary energy storage system solution uses i3 batteries to store excess electricity when available for use in power outages or when demand is high. While the system uses new 22- or 33-kWh i3 packs now, it "can be expanded to incorporate 2nd Life Batteries as they become available in the market." BMW says that the average US household used 15-30 kWh of electricity a day in 2014, so the BMW's packs would hold enough juice for a day or two, depending on the situation. Currently, BMW is testing out repurposing used Mini E batteries in a solar electric grid system at the BMW Group Technology Office in Mountain View, California. Related Video: Battery storage system electrified by BMW i announced at EVS29 in Montreal. The BMW i3 battery system – from the power source of the Ultimate Driving Machine – is integrated into an intelligent storage solution for residential and commercial applications. Montreal, Quebec June 21, 2016. ... BMW i, a leader in innovative electromobility since 2011, announced a stationary energy storage system solution integrating its BMW i3 vehicle battery at the Electric Vehicle Symposium & Exhibition 29, making it the first automotive manufacturer to utilize a complete automotive high-voltage battery for energy storage. The battery storage system electrified by BMW i, enables customers to more fully realize their commitment to sustainability – and to take the next step towards energy independence. With this system, which integrates seamlessly with charging stations and solar panels, customers can offset peak energy costs and also enjoy the added security of an available backup energy supply during power outages. The system utilizes BMW i3 high-voltage batteries and can be expanded to incorporate 2nd Life Batteries as they become available in the market. This strategy will extend the useful life of the battery for the owner, even beyond in-vehicle use.