Archive for the ‘Electrified Vehicles’ Category

Tesla Loses $522M in Q1 Despite 3% Model 3 Production Jump

EV Maker produced roughly 63,000 Model 3 vehicles in Q1.

by on Apr.24, 2019

Tesla CEO Elon Musk said delivering Model 3s to Europe was a logistical challenge unlike anything he'd seen before.

Tesla posted a $522 million operating loss on revenue of $3.7 billion during the first quarter of 2019. The loss came despite a 3% increase in Model 3 production, accounting for about 63,000 vehicles.

This improvement in production rate was modest mainly due to changes to the production process for the introduction of new variants of Model 3, fewer working days and a supplier limitation, the automaker noted.

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CEO Elon Musk noted that the company struggled with a massive increase in the delivery of Model 3 sedans to Europe. In fact, the completed half of the deliveries during the last 10 days of the quarter, he noted during the earnings call. (more…)

Tesla Boosting Range, Performance of Existing Models

Automaker also reviving lower-priced 75D versions of Models S and X.

by on Apr.24, 2019

Tesla surprised some Model 3 owners with an over-the-air update that extended the sedan's range by 26 miles to 286 miles.

Thousands of Tesla owners recently discovered a pleasant surprise after hitting the “Start” button on their battery-electric vehicles.

The automaker used its ability to deliver over-the-air updates to extend the range on certain versions of the Model 3 by 26 miles, those sedans now able to travel up to 286 miles on a single charge. At the same time, vehicle performance also was enhanced.

Electrifying News!

Now, Tesla says, it will be extending the range of the older Models S and X, though this will require a hardware, rather than software, fix. Extended range versions of those two products assembled from April 23 onward will get as much as a 10% bump in range, according to Tesla. (more…)

Ford Investing $500M in Rivian; Will Use Start-Up’s Platform for New BEV

Ford steps in after Rivian talks with GM falter.

by on Apr.24, 2019

RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford are all smiles after Ford Motor Co.'s $500 million investment in Rivian.

(This story has been updated to include details of Ford’s talks with VW about an EV partnership.)

Ford Motor Co. will invest $500 million in battery-electric vehicle company Rivian, a move that will allow the 116-year-old automaker to use the start-up’s skateboard-like platform for one of its own electric vehicles.

The announcement comes a little more than two months after suburban Detroit-based Rivian inked a separate, $750 million investment deal with a consortium led by online retailer Amazon. Together, the two new partnerships are expected to help firmly establish the start-up and allow Rivian to move forward with plans to produce two vehicles it revealed at the Los Angeles Auto Show last November that will be sold under its own brand.

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“We believe (this) marks a step forward, not only for our respective companies but also the industry, as we move toward a sustainable future,” said Jim Hackett, Ford’s chief executive officer. “For Ford, the news today is fully consistent with the vision to become the world’s most trusted company regarding smart vehicles for a smart world.” (more…)

Waymo to Re-Use Old Detroit Plant to Build New Autonomous Vehicles

Google spin-off to partner with supplier American Axle.

by on Apr.23, 2019

Waymo plans to use a facility on the north side of Detroit to convert Chrysler Pacifica Hybrids and other vehicles for its Waymo One fleet.

A major Silicon Valley tech firm is setting up a base in Detroit, Google spinoff Waymo taking over a plant in the Motor City where it plans to convert vehicles to operate as part of its autonomous ride-sharing service.

Waymo CEO John Krafcik first announced in a blog post Tuesday that the company will lease an unused factory owned by American Axle & Manufacturing on Detroit’s north side. It will be used to convert such vehicles as the Chrysler Pacifica Hybrid minivan that will be a mainstay of the expanding Waymo One ride-sharing service.

Business News!

“There has been a real risk that the shift of the automotive industry could move from Detroit to Silicon Valley, and we’ve been fighting that every step of the way,” Detroit Mayor Michael Duggan said after learning about Waymo’s plans. “I think a major statement was made today in the battle of Detroit and Silicon Valley that a major Silicon Valley company has said the future of vehicles in the city of Detroit.” (more…)

Google Maps Taking Guesswork Out of EV Charging

A search now show charger availability, type and other helpful info.

by on Apr.23, 2019

ChargePoint, Electrify America and other companies are adding more charging stations across the U.S.

For years, the knock against electric vehicles has been finding a place to charge up and how long it’ll take EV owners to do so. Google Maps is now taking the sting out of some of those problems.

“If you’ve ever driven to an electric vehicle (EV) charging station only to find that all ports are occupied,” wrote Alex Donaldson, project manager, Google Maps, in a blog post, “you know that you could end up waiting in line for anywhere between minutes to hours — which can really put a damper on your day when you have places to go and things to do.”

Electrifying News!

Google Maps will now show you the location and availability of charging stations when you use the search function. The feature was teased in a company blog post last fall, but now the tech giant is making it available in real time in the U.S. as well as the United Kingdom.  (more…)

Tesla Investors Fret as Automaker Prepares to Release Q1 Earnings

Expected poor sales with no turnaround in sight causing worry.

by on Apr.23, 2019

Tesla CEO Elon Musk is bracing for tough first quarter results. Investors aren't optimistic.

Tesla CEO Elon Musk has already signaled that first quarter earnings weren’t going to look good. Just how bad they might be is the big question that has investors and analysts alike in a frenzy.

The automaker won’t report earnings until after the final bell on Wall Street on Wednesday, but based on the poor Q1 sales numbers it revealed a few weeks back, the general consensus isn’t very positive. Analysts polled by FactSet are forecasting a consensus adjusted loss of $0.99 a share.

Business News!

On the side, that’s significantly better than the $3.35 a share Tesla lost during the first quarter of 2018. But that was during a period Musk described as “production hell,” when the automaker was struggling to fix issues at both its Reno Gigafactory battery plant and its Fremont, California, assembly line. With those problems largely resolved, Tesla managed to pull a profit for the final half of 2018. (more…)

Hyundai, Kia App Let’s Owner Control Electric Vehicle Settings

First-ever innovation controls acceleration, torque, brake regeneration.

by on Apr.22, 2019

Hyundai and Kia have an app that will allow users to control a variety of settings on their smart phone.

The smart phone has become the key – in some cases literally – to expansion of convenience-based technology in today’s cars, trucks and sport-utilities. Now, Hyundai and Kia are taking it a step further.

The companies have introduced the first-ever app that allows the user to check and adjust a variety of settings on its electric vehicles. Until now, apps have been used for everything from tracking vehicles to starting it remotely to using it as a key to get into the car.

Global News!

However, this new – and, as of now, unnamed app – allows the user to change the settings on everything from speed limits, available torque, throttle response, regenerative braking, climate control usage and, of course, acceleration response. (more…)

Tesla CEO Musk Set to Announce “Full Self-Driving” Vehicle Today

But what that means remains unclear.

by on Apr.22, 2019

Tesla CEO Elon Musk said the company will have a fully autonomous vehicle on the road by the end of the year.

Today could prove to be a transformative day for Tesla and the auto industry at large, at least if Elon Musk delivers the “full self-driving” vehicle that the battery-carmaker’s CEO Elon Musk has promised to unveil.

Tesla has long been a proponent of autonomous driving, its Autopilot allowing limited hands-free operation on well-marked, limited-access roadways. Although the automaker has so far been faint with hard details, it has dropped plenty of hints that the updated Autopilot system could operate without direct driver involvement in most, if not all situations.

Product News!

If that proves to be the case, observers suggested, it could put Tesla in the forefront of an extremely competitive field, leapfrogging key players like Google spinoff Waymo and General Motors. But considering the problems the original Autopilot system has had, there remain plenty of skeptics. (more…)

California Start-Up Plans to Launch $149,000 Chinese-Made EV Sports Car

Qiantu K50 will be modified for American market.

by on Apr.18, 2019

The Qiantu K50 will be produced in China, but sold in the U.S. through Mullen at a cost of $149K.

A California start-up wants to sell a Chinese-made battery-electric sports cars to American drivers, the Qiantu K50 by Mullen scheduled to make its debut in the U.S. market sometime in 2020.

With its classic, supercar silhouette, the K50 is expected to join an array of electric vehicles destined for U.S. shores that will either be produced in China or come from American factories operated by Chinese companies, such as Karma and Byton.

Product News!

The new sports car, perhaps more importantly, will be part of a wave of new entries likely to reshape the perception of electric vehicles, from slow and stodgy to sleek, fast and fun-to-drive. (more…)

Kia HabaNiro Offers a Hint of Brand’s Future EV Strategy

The automotive equivalent of an everything bagel.

by on Apr.17, 2019

The Kia HabaNiro is an exercise showing where the automaker wants to take its electric vehicles in the future.

Kia is billing the appropriately named HabaNiro as a “spicy” take on its future EV strategy. Of course, the name offers a hint of where its going with the reference to Kia’s first long-range battery-electric vehicle, the Niro.

Like its sibling brand Hyundai, Kia has big plans to electrify during the coming decade, with a mix of hybrids, plug-ins, BEVs and even hydrogen fuel-cell vehicles. The HabaNiro, which was created at the Korean carmaker’s advanced design studio in California, is being billed as an “everything car,” or ECEV, and incorporates all sorts of creative design details and advanced technologies, including butterfly doors and Level 5 autonomous driving capabilities – as well as 300 miles of all-electric range.

EV News!

“We imagined a car for everyone and nearly everything,” said Tom Kearns, vice president of design for Kia Design Center America. “Then, when we saw the finished product, we were blown away by the imagination of the HabaNiro’s creators and its laboratory of technology and we want it in our driveways. Today.” (more…)

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