Show #881

 

Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 2nd September 2020. It’s Martyn Lee here and I go through every EV story so you don’t have to.

 

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LUCID MOTORS CLAIMS ITS FIRST EV COVERS A QUARTER MILE IN 9.9 SECONDS

“One week ahead of its big reveal event, Lucid Motors is ready to brag about how fast its all-electric luxury sedan is. In a video shared today, Lucid Motors shows its Lucid Air covering a quarter mile of racetrack in just 9.9 seconds. According to the company, the EV is “the world’s quickest production sedan.”” writes Engadget: “Lucid Air’s 1,080-horsepower powertrain allows the vehicle to reach 60 MPH in under 2.5 seconds, Autoblog points out. Lucid explained today that the EV comes with two electric drive units. Each packs over 650 horsepower and is small enough to fit inside a standard airplane carry-on.”

 

https://www.engadget.com/lucid-motors-air-ev-quarter-mile-99-seconds-142151709.html

 

NISSAN DELIVERED ITS 500,000TH LEAF

“Nissan celebrates today the delivery of 500,000th LEAF (since December 2010) to a customer in Norway – one of the biggest markets for the LEAF. Since there is no press release yet, let’s take a look at Bjorn Nyland’s report. With about 44,000 sales, Norway took almost 9% of the total LEAF volume, and we are aware that thousands of more used LEAFs were imported to Norway, so there might now be well over 10% of all LEAFs ever made located somewhere in Norway.” says InsideEVs: “Nissan LEAF was the all-time #1 for a long time, even through 2019/2020, when LEAF was at about 450,000. Then, Model 3 overtook LEAF and it will not change, as the Model 3 is selling at a level higher”

 

https://insideevs.com/news/442006/nissan-leaf-500000th-delivered

 

TESLA’S BATTERY STRATEGY HAS “NO ADVANTAGE,” FORD CEO SAYS

“Tesla’s battery strategy will not be adopted by legacy automotive company Ford, because Jim Hackett, the company’s CEO, says there is “no advantage” in migrating capital into owning a cell manufacturing facility. During Ford’s Q2 2020 Earnings Call in late July, Morgan Stanley’s Adam Jonas asked about the company’s strategy to produce EV batteries in-house, as opposed to sourcing the cells from third-party companies like Panasonic and LG Chem.” picks up TEslarati: “Hackett, who elected to retire from his post as head of Ford earlier this year, stated that his team did a “deep dive” on whether it was advantageous to create its own battery cells. It proved not to be advantageous for Ford. Instead, the company will continue to go the path that it is now, which requires sourcing batteries from third-party suppliers instead of researching and improving on cells within the company’s facilities across the world.”

 

Tesla’s battery strategy has “no advantage,” Ford CEO says

 

TESLA (TSLA) ANNOUNCES $5 BILLION CAPITAL RAISE

“Tesla (TSLA) today announced a $5 billion capital raise to take advantage of the stock price’s meteoric rise. While Tesla CEO Elon Musk previously said that the company wasn’t interested in a new capital raise as it believed it was capable to finance its ambitious growth through its operations, it looks like they couldn’t resist following the stock price increase” reports Electrek today: “It’s Tesla’s second capital raise in 2020. The automaker raised $2 billion in February. Like with the last capital raise, Tesla doesn’t specify any use of the proceed other than “strengthening the balance sheet”. The sale of $5 billion new shares is going to put some pressure on the incredible run of Tesla’s stock price over the last month and it is already feeling the effect.”

 

Tesla (TSLA) announces $5 billion capital raise — taking advantage of stock price’s meteoric rise

 

NEW VOLKSWAGEN ID 3: FIRST EXAMPLES OF EV HIT BRITISH SHORES

“Volkswagen’s pivotal EV, the ID 3, has finally reached British shores as the first customer examples roll off the ship at Grimsby port.

 

Earmarked for customers that pre-booked First Edition examples earlier this year, the fully-loaded models will be delivered over the next month. Volkswagen claims that the entire production and delivery process is carbon neutral, even including the shipping” says James Atwood at Autocar: “The limited-run First Edition models are priced from £38,880 and were offered only to people who previously placed a £750 deposit. First Edition versions of the ID 3 will feature the mid-size ‘Pro’ battery offering a claimed range of 260 miles.  General sales of the ID 3 are due to begin in the UK in the coming weeks, and the model will eventually be offered in seven main variants, with three different battery capacities and two power outputs.The first machines that have arrived in Britain will be without some of the App Connect, but those who take delivery of them will be given membership of a ‘First Movers’ club, which will include an eventual software update to install the software. Those leasing cars also won’t pay any rates for the first three months.”

 

https://www.autocar.co.uk/car-news/new-cars/new-volkswagen-id-3-first-examples-ev-hit-british-shores

 

EVS AND HYBRIDS GET AN EXTENSION TO MEET US NOISE-MAKING REQUIREMENTS

Automakers will get at least six more months to meet new federal requirements for noise-making devices on electric cars and hybrids, Reuters reported Friday. The extension is being granted due to the ongoing coronavirus pandemic. The so-called “quiet car” rule requires electrified vehicles to emit noises at speeds up to 18.6 mph as a warning to pedestrians and cyclists. Lack of exhaust noise makes cars harder to hear at these speeds, but tire noise, wind buffeting, and other sounds pick up at higher speeds, regulators have said.” says Green Car Repotrs.

 

https://www.greencarreports.com/news/1129448_evs-and-hybrids-get-an-extension-to-meet-us-noise-making-requirements

 

VOLKSWAGEN ID.R ELECTRIC RACE CAR RETURNS TO GOODWOOD

Welcome back, Volkswagen ID.R! 411 days after the record-breaking drive up Tianmen Mountain in China, the fully-electric race car returns to action at Goodwood SpeedWeek (16.­­­–18.10.2020).

 

After the coronavirus pandemic caused the cancellation of both the Goodwood Festival of Speed (FoS) and the Goodwood Revival, the organisers have launched a new event: Goodwood SpeedWeek, at which historic race cars meet present vehicles and visions of the future. As the three-day automotive festival will take place behind closed doors, there will be extensive digital reporting, including multiple livestreams.

 

Having taken victory at the Festival of Speed for the past two years with the 500-kW (680-PS) ID.R, Volkswagen Motorsport travels to the south of England with a new challenge: SpeedWeek is not taking place on Goodwood Hill, but at the 3.809-kilometre Goodwood Motor Circuit.

 

NORWAY IN AUGUST — OVER 70% EV MARKET SHARE AND HEADING HIGHER

“Clean transport transition leader Norway hit a huge 70.2% plugin passenger vehicle market share in August, up from 49% a year ago. Pure battery electrics alone took 53% of the market. September is already showing signs of being a record breaking month with the Tesla Model 3, VW ID.3, and Polestar 2 all showing up in volume.” according to Dr Max Holland in CleanTechnica: “The top selling BEVs in August were the mostly the recent usual suspects, but the Polestar 2 started it’s deliveries in earnest, and jumped in to a very creditable #4 spot.  The Mercedes Benz EQC has showed up in decent numbers again in August, as it did in July”

 

Norway In August — Over 70% EV Market Share And Heading Higher

 

 

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