Lotus Finds Customer for Electric Car Range Extender Engine
SYNOPSIS: 3-cylinder, 1.2 litre Range Extender engine from Lotus Engineering has been designed specifically for series hybrid vehicle.
LONDON -- A collaboration between Lotus Engineering and Fagor Ederlan will develop the Lotus Range Extender Engine for series production.
Lotus Engineering, the automotive consultancy division of Lotus Cars Limited, and Fagor Ederlan, part of the Mondragon Corporation Cooperativa, the biggest co-operative group in the world, have completed a joint technical and market study analysing the best route to production for the Lotus Range Extender Engine. The study has culminated with an agreement for Lotus Engineering to develop the engine for series production and sale by Fagor Ederlan for the global automotive market.
The three-cylinder, 1.2 litre Range Extender engine from Lotus Engineering has been designed specifically for series hybrid vehicles and the production engine will offer a fast route to market for manufacturers wanting to source a dedicated range extender. The high efficiency, low mass design will enable low emissions vehicles to be produced cost effectively across a wide range of hybrid vehicle applications, as already demonstrated in both the Lotus Evora 414E Hybrid and the PROTON Emas concepts, which were shown at the 80th International Geneva Motor Show this year.
- Tesla raised $226m in the IPO for ~6% equity in their company, shares are at $20 giving them a market cap of est 4.2bn by their IPO calculations
- Lotus supplies Tesla chassis and has vastly more experience in developing cars
- Lotus has hybrid and EV technical expertise
- Lotus needs capital to develop new products....what am I missing? (Or maybe Lutz will "save" them.)
Tesla's valuation is hilarious. Talk about a "paper company". EV car industry is like a new .com boom bubble.
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