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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.

Recharge Wrap-up: Jason Hughes builds 1,000-hp EV, BMW considers Thai battery factory

Tesla hacker Jason Hughes is building his own 1,000-horsepower electric vehicle. To propel the insane DIY EV, Hughes is using two Tesla performance drive units powered by two Chevrolet Volt battery packs and six Tesla battery modules. Controlling them with a custom control board, Hughes expects to be able to wring out 500 hp from each motor – one at the front and one in the rear. He also predicts a driving range of 120 to 150 miles between charges. It also appears that Hughes, also known as wk057, has set up a website dedicated to the project. Read more at Electrek, and watch Hughes' first test video above. BMW might build a battery factory in Thailand. According to Thai Industry Minister Atchaka Sibunruang, the German automaker is considering building the plant for about $57 million, with construction beginning in the middle of 2017. Thailand is discussing possible tax incentives for BMW, says Atchaka, with the hopes of making the country friendlier to plug-in hybrids. "Hybrid vehicles are still expensive now but once there is a factory established and batteries are available this will make it affordable for consumers." Read more from Automotive News Europe. Samsung is investing $449 million in BYD. Shanghai Samsung Semiconductor bought 52.3 million shares of BYD, which will use the funds to expand its battery production and for research and development of alternatively powered vehicles. Samsung is leveraging its recent investments in the auto industry to make up for slowdowns in other electronics hardware. Samsung says its investment in BYD will help grow its semiconductor business. The purchase by Samsung and other investors dilutes BYD Founder, Chairman, and CEO Wang Chuanfu's stake by almost two percent, down to 18.8 percent. Read more from Automotive News. Related Gallery BYD Electric Buses News Source: Electrek, YouTube: Jason Hughes, Automotive News Europe, Automotive News Earnings/Financials Green Plants/Manufacturing BMW Automakers Tesla Green Automakers Electric recharge wrapup

BMW i8 will be first production car to use Gorilla Glass

What do smartphones and the BMW i8 have in common? Glass. Scratch-resistant Gorilla Glass, that is. The i8 will be the first production car to use the chemically hardened material, which is more durable, lighter and provides more sound deadening than conventional laminated automotive glass. We thought it would be a natural replacement for windshields, but, according to Autoweek, BMW said it will be used for the rear window for sound deadening purposes. The Gorilla Glass will still be laminated, with two 0.7mm thick layers of it sandwiching an acoustic sheet, reports Autoevolution.
BMW reportedly claims the i8 will weigh less than 3,285 pounds, and to offset the heavy hybrid powertrain to reach that goal the automaker has implemented lightweight materials normally not found in mass-production automobiles. With a carbon fiber reinforced plastic (CFRP) monocoque used for both the (relatively) pedestrian i3 and the upscale i8, it's not surprising BMW was also the first to jump onto Gorilla Glass, especially given the timing of a report that a high-end automaker would introduce it within the year.
Be sure to check out our First Drive review of the i8 to see if BMW's newest sports car is living up to the hype.