Archive for the ‘EVs’ Category

“Hardcore” Belt-Tightening a Must, Says Tesla’s Musk

The “only way for Tesla to become financially sustainable.”

by on May.17, 2019

Tesla's Elon Musk has ordered employees to rein in spending on virtually everything.

Tesla will need to engage in some “hardcore” cost-cutting, CEO Elon Musk told employees in an e-mail late Thursday, a move that comes in the wake of an unexpectedly severe first-quarter loss.

The automaker earlier this month was able to raise $2.7 billion through a combination of stock and debt offerings, but investors have become increasingly wary of the challenges that face the automaker – Tesla facing substantial debt repayments on top of the costs involved in the development of an array of new products and a new plant in China.

Breaking News!

The latest cash infusion, according to Musk, will only let it go for another 10 months without getting back into the black, he wrote, which “is why, going forward, all expenses of any kind anywhere in the world, including parts, salary, travel expenses, rent, literally every payment that leaves out bank account must (be) reviewed.”

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Senators Look to Rally U.S. EV Material Production

Committee looking to expedite mining process for needed materials.

by on May.17, 2019

Tesla's Gigafactory is basically a one-stop shop for EV production. A Senate committee is looking to make it easier for EV makers to get the materials needed in the U.S.

While the Trump administration – through the Environmental Protection Agency – continues to press for changes in fuel economy regulations that would to sideline efforts to put more EVs on the road across the United States, the U.S. Congress is getting nervous about China’s fast moving electric-car effort.

Both Republicans and Democrats in the U.S. Senate are voicing support for a national electric car supply chain policy in the United States Senate, according to a report from Reuters.

Technology News!

The Senate’s Energy and Natural Resources Committee recently held a hearing on the American Mineral Security Act. The legislation aims to make it easier and quicker for U.S. mines to meet regulations and gain permits for lithium, graphite and other minerals or precious materials needed for electric car production. It would also require a tally of metal reserves in the country. (more…)

Tesla Updating Software After Latest Battery Fire

Two recent incidents raise new concerns about EV safety.

by on May.16, 2019

A security camera caught images of a Tesla spontaneously catching fire in a Hong Kong garage.

Responding to the latest in a series of fires involving its electric vehicles’ battery packs, Tesla will updated its digital control software.

The move comes in the wake of a pair of fires in China, a critical market for the manufacturer, both involving parked vehicles. Since the original Tesla Model S was introduced, the company’s products have been involved in more than a dozen vehicle fires.

Electrifying News!

“As we continue our investigation of the root cause, out of an abundance of caution, we are revising charge and thermal management settings on Model S and Model X vehicles via an over-the-air software update that will begin rolling out today, to help further protect the battery and improve battery longevity.” Tesla said in a statement released on Wednesday.

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Hyundai/Kia Partnering up with Croatia EV Supercar Maker Rimac

Croatian company positions itself as a major supplier of electrification technology and components.

by on May.14, 2019

Rimac founder and CEO Mate Rimac celebrates with Hyundai's Euisun Chung their new alliance.

Alliances and joint ventures are becoming as much the norm as the exception in today’s auto industry, but Hyundai Motor Group just entered a particularly strange-bedfellow sort of relationship, investing nearly $90 million in Rimac, the Croatian manufacturer of battery-electric supercars.

The Korean parent of the Hyundai and Kia brands will not only invest 80 million euros in Rimac Automobili but also establish a technology partnership that will put some high-performance electric vehicles in their future line-ups, as well.

Breaking News!

“Rimac is an innovative company with outstanding capabilities in high-performance electric vehicles,” said Euisun Chung, Executive Vice Chairman of Hyundai Motor Group. “Its startup roots and abundant experience collaborating with automakers combined with technological prowess makes Rimac the ideal partner for us. We look forward to collaborating with Rimac on our road to Clean Mobility.”

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Elonroad Takes EV Charging Where it Hasn’t Gone Before

Swedish developed system designed to be efficient and safe.

by on May.13, 2019

Why is this man smiling? Tesla CEO Elon Musk has a revolutionary new charging system named after him and he didn't even have to invent it.

The rocketing growth of new electric vehicles produced by automakers has producers of EV charging stations hustling to keep up; however, a new innovation may circumvent the need for the onslaught of stations.

The Swedish city of Lund is conducting a trial of a roadway that charges electric vehicles as they roll down the “tarmac.” Named “Elonroad,” after Tesla co-founder and CEO Elon Musk, the plans call for a 1 kilometer stretch of road to be a test bed for the new technology.

Electrifying News!

The purpose is to contribute to increasing knowledge about electricity routes as part of the future fossil-free transport system, says Elvag Syd, the company working with the Swedish Transport Administration, on the project. It´s the first electric road with ground level ing system tested for buses in a city. The project is a test and demonstration project from 2019-2022. (more…)

Daimler to Go “Carbon Neutral” Under “Ambition2039″ Sustainability Plan

Company credited with inventing the I.C. engine is helping to put it to rest, says environmental group.

by on May.13, 2019

Mercedes revealed the U.S. version of its first long-range EV, the EQC Edition 1886, in NY last month.

The automaker that effectively brought the internal combustion engine to life appears ready to drive a nail into its coffin.

Daimler AG, the parent of the Mercedes-Benz and Smart brands says it expects plug-in hybrids and pure battery-electric vehicles, or BEVs, accounting for fully 50% of its sales by 2030, with a goal to go completely “carbon neutral” by 2039.

We Keep You Plugged In!

“One of the defining issues is how we address our CO2 footprint,” Ola Kallenius, Daimler’s next CEO, said during a conference in its headquarters city of Stuttgart on Monday morning.

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Ferrari Set to Reveal New Hybrid Supercar this Month

“Top-of-the-line performance…and a true beauty,” promises CEO.

by on May.10, 2019

The LaFerrari showed that hybrid power could deliver high levels of performance.

It’s been a while since Ferrari first dropped the hint that it would add a new hybrid to its line-up and now, according to CEO Louis Camilleri, we’ll be getting to see it before the end of this month.

The hybrid will be one of five new models coming from the Maranello-based manufacturer, said the chief executive, and there are some signs more than one of these products will rely on an electrified boost to performance. But that should surprise fewer and fewer Ferrari fans considering the broad push towards battery propulsion in the supercar and hypercar segments.

The Last Word!

We’re hearing plenty of rumors about the hybrid coming this month, including the comment Camilleri dropped during a conference call to discuss the brand’s first-quarter earnings. According to the chief executive, “It will be a top-of-the-line hybrid with supercar performance and a true beauty.”

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Volkswagen Tallies 10,000 Pre-Orders for New ID.3 EV

Golf-sized battery-electric debuting in Frankfurt this fall.

by on May.10, 2019

Volkswagen accepted 10,000 pre-orders for the new ID.3 electric vehicle in 24 hours.

Just days after Volkswagen revealed its accepting pre-orders for its new ID.3 battery electric hatchback, the automaker claims it has more than 10,000 pre-orders for the new EV. VW sales chief Jurgen Stackman revealed the news in a tweet.

The company started taking deposits of 1,000 euros on Wednesday for the all-new battery-electric entry. It got its name for being the third variant in VW’s ID. line-up of electric vehicles.

Product News!

The new battery electric hatchback will cost about $33,500, and European deliveries will begin midyear 2020. Volkswagen will officially unveil the new Golf-sized EV at the Frankfurt Motor Show in September. At that time, pre-orders will be confirmed as orders. (more…)

“You Want to Be There” When the EV Market Takes Off, Ford CEO Hackett Tells Shareholders

The upcoming “Mustang-inspired,” all-electric SUV will “reconceptualize’ the way cars are designed.

by on May.09, 2019

Ford is counting on its "Mustang-inspired," long-range electric SUV, codenamed Mach1, to help it plug into the emerging BEV market.

Ford Motor Co. will launch its “Mustang-inspired,” crossover later this year, its first long-range battery-electric vehicle, and CEO Jim Hackett told shareholders that while the EV market has been slow to build momentum, “When it happens you want to be there.”

Hackett focused a lot of his energy on describing the automaker’s electrification plans during Ford’s first “virtual” shareholders meeting on Thursday, clearly hoping to build support for a program in which it plans to invest $11 billion by 2022, more than double what Hackett’s predecessor, Mark Fields, had committed to spend by 2020. All told, Ford has laid out plans to roll out 40 hybrids, plug-ins and pure battery-electric vehicles, or BEVs.

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Insight!

The question is whether there will be a market for those vehicles, especially when considering the generally tepid response for earlier Ford battery-based models like the C-Max Energi, a PHEV, and the Ford Focus Electric, a BEV. (more…)

Dyson Reveals Electric Car Patents; Offers New Hints About Project

Project set to ramp up next month, says founder James Dyson, with debut likely in 2021.

by on May.09, 2019

James Dyson, creator of the top-selling vacuum, has moved another step closer to producing his electric vehicle.

It’s best known for its distinctive vacuums and, perhaps, for the hand-dryers popping up in public restrooms around the world, but Britain’s Dyson Ltd. now wants to become a major player in the battery-car market.

The company today released copies of several new patents it has been awarded that provide a good glimpse of what it’s working on: a long three-row crossover with only a vestigial engine compartment and its batteries and motors mounted below the floorboards.

Electrifying News!

In reality, the British inventor told employees in an e-mail that the images in the patents “don’t reveal what our vehicle will really look like or give any specifics around what it will do.” Nonetheless, Dyson added that the patents do “provide a glimpse of some of the inventive steps” that will be incorporated in the company’s upcoming electric vehicles. (more…)