Honda unveils Hydrogen fuel cell vehicle

Updated 19 December 2015
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Honda unveils Hydrogen fuel cell vehicle

The Clarity Fuel Cell, Honda’s new hydrogen fuel cell vehicle was joined at Tokyo Auto Show this year by production models making their Japanese debut including the European-built Civic Type R, Honda NSX, and Odyssey Hybrid.
Following its world debut at 2015 Frankfurt Motor Show, the Honda Project 2&4 powered by RC213V will be shown as well as innovative mobility solutions, The Wander Walker and Wander Stand.
This broad portfolio of models is united by Honda’s global brand slogan —  The Power of Dreams. 
The Clarity Fuel Cell is the world’s first production hydrogen fuel cell vehicle sedan to house the fuel cell stack and drivetrain system under the bonnet.
Incorporating Honda’s design principle of man maximum, machine minimum is a unique configuration providing outstanding roominess with seating for five.
The size of the fuel cell stack and power generation system is reduced by 33 percent compared to Honda’s previous hydrogen FCV, the FCX Clarity.


Price cuts drive sales of Saudi-owned electric car

Updated 09 July 2024
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Price cuts drive sales of Saudi-owned electric car

  • Lucid delivers more vehicles than expected as it prepares to launch luxury new Gravity SUV

RIYADH: The majority Saudi-owned electric car maker Lucid delivered more vehicles than expected in the past three months as price cuts helped boost demand.
The company delivered 2,394 cars from April to June 30, above analysts’ predictions of 1,940.

Lucid produced 3,838 vehicles in the first six months of 2024 and needs to make more than 5,162 cars by end of the year to meet its annual output forecast of 9,000. It made 8,428 cars in 2023.
“I think at this point everything is shaping for them to achieve that,” said Andres Sheppard, senior equity analyst at Cantor Fitzgerald. Lucid will produce and deliver more cars in the second half of the year because of the usual seasonal effects on the industry, he said.

Demand for electric vehicles has grown more slowly than expected pace in the past year, under pressure from high borrowing costs, economic uncertainties and consumer preference for hybrid alternatives.
Lucid and the market leader Tesla have responded by slashing prices and offering incentives such as cheaper financing options. Lucid, which is 60-per-cent owned by the Public Investment Fund, the Kingdom’s sovereign wealth fund, cut the price of its flagship Air model by 10 percent in February.
Its new Gravity SUV model, a rival for Tesla's Model X, goes into production this year and will cost about $80,000.