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Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 2nd. It’s Martyn Lee here and I go through every EV story so you don’t have to.
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Thanks to a Patreon Supporter increasing their pledge EXECUTIVE PRODUCER BILL CALHOUN
RSEV Open Day
EV display and first big owners meet of the year. BIG EV Meet at our South Coast Warehouse! ALL EV owners, enthusiasts, curious and even sceptics welcome! A huge display of LOTS OF DIFFERENT EVs – COME AND SHOW YOUR CAR! INCLUDES EVERY SINGLE TESLA AVAILABLE TO DATE: S.3.X.Y.R. Yes the Model Y is included and yes we have an original Roadster! We collect ours THAT MORNING AT 8AM. Many new Model Y owners collecting cars that day – come and mingle.
Saturday, 19 February 2022 from 10:00-16:00 UTC
GENERAL MOTORS EARNINGS Q4 2021
General Motors said it expects to generate an operating profit this year of between $13 billion and $15 billion as a semiconductor shortage that marred vehicle production and sales for most of last year shows signs of improving.
Net income this year is expected to be between $9.4 billion and $10.8 billion, also in line with its $10 billion profit in 2021, GM said.
Barra said the company is not reinstating its dividend, which the automaker cut during the early days of the coronavirus pandemic in April 2020. She said the company plans to use the saved capital for accelerating, even increasing, its $35 billion in investments in electric and autonomous vehicles through 2025.
“We are pulling ahead significant investment into the 2022-to-2025 time frame, and we will share more details as we further refine our plan,” Barra told analysts during a call Tuesday.
the company will announce a third plant to produce battery-electric trucks in the foreseeable future as well as the location of a fourth production facility for battery cells with LG
2021 FULL-YEAR AND Q4 LETTER TO SHAREHOLDERS
Since 2020, we have announced investments totaling more than $14 billion in 10 sites across North America to increase our manufacturing capacity in the region to more than 1 million EVs annually by the end of 2025.
In late 2021, we opened Factory ZERO in Detroit and Hamtramck, our first plant dedicated to Ultium products, including the GMC HUMMER EV
We are converting a plant in Orion Township, Michigan, to EV truck production to help provide us with a total of 600,000 units of EV truck capacity in North America by the end of 2025.
Ultium Cells, our joint venture with LG Energy Solution, announced its third U.S. cell plant
More than 110,000 Silverado EVs are reserved so far, including reservations from more than 240 fleet operators, and the numbers keep growing.
FedEx Express, Merchants Fleet and Walmart, are adopting BrightDrop’s electric vehicles and technology to make their delivery operations more efficient. All told, we have more than 25,000 production reservations for BrightDrop cargo vans.
Customer interest in the LYRIQ is now so strong that we will forgo a new round of reservations and begin taking customer orders soon after the Debut Edition launches in March.
Equinox EV is compellingly new, and it’s affordable, with an estimated starting MSRP of $30,000. The efficiencies created by the Ultium Platform are a key reason why we can deliver truly affordable EVs like the Equinox.
FORD WILL SPEND UP TO $20 BILLION MORE IN SHIFT TO ELECTRIC VEHICLES
Ford will spend as much as $20 billion to reorganize its business for the electric future, according to Bloomberg. The automaker is also mulling whether to spin off some of its EV business as a special acquisition company (SPAC) in order to attract more investment. Ford has previously stated that it would spend $30 billion on electric and autonomous vehicle development by 2025.
Ford is reportedly putting former Apple and Tesla executive Doug Field in charge of the reorganization, which will include converting its factories from gas-powered to electric vehicle production and hiring more engineers.
Ford recently announced that it was doubling production of its upcoming electric pickup truck, the F-150 Lightning, and tripling production for the Mustang Mach-E, with the expectation that it will reach over 200,000 units per year by 2023. Ford’s electric delivery van, the E-Transit, also goes on sale early this year.
He had a previous stint at Apple, where he was once the VP of Mac hardware engineering, but he left the company in 2013 to become Tesla’s chief vehicle engineer, where he helped oversee the troublesome development of the Model 3 sedan.
U.S. EV CHARGING NETWORK IS MORE ROBUST BUT PROVIDER DIFFERENCES REMAIN
significant differences in reliability and performance remain between providers, an industry ranking by engineering consulting firm umlaut found.
The group tested chargers by Volkswagen’s (VOWG_p.DE) Electrify America, ChargePoint (CHPT.N), EVgo (EVGO.O), Blink Charging (BLNK.O), EVconnect, Greenlots and Tesla’s (TSLA.O) Superchargers across seven U.S. states in September.
Electrify America reached the highest score in the ranking, followed by Tesla’s Supercharger and ChargePoint, said umlaut, which was acquired by Accenture (ACN.N) in October.
The ranking considered the technical performance of chargers, as well as the charging station environment, such as lighting, roofing and nearby amenities.
It also took into account the performance of charging networks’ apps
The group used a Tesla Model 3 and a Ford (F.N) Mach-E for its 2021 tests
Last year, EVs accounted for around 2% of all new car sales
MAGNA EDRIVES HIT THE MARKET ON VOLKSWAGEN MEB PLATFORM
The HASCO Magna Electric Drive Systems Co., Ltd. (HME) team in China has started high-volume serial production of secondary eDrive systems for the Volkswagen ID.4 electric crossover, one of the automaker’s vehicles on the MEB platform.
HME is the global supplier of secondary eDrives for Volkswagen’s all-wheel drive MEB models with power greater than 185kW. The highly integrated eDrive system is specifically optimized for secondary eDrives for electrified vehicles.
The system integrates an induction-type e-motor, an integrated single-speed gearbox, a high-voltage inverter and the corresponding software and controls. It also provides 80 kW of peak power to the front wheels and features best-in-class drag torque, which optimizes efficiency.
INSIDER Q&A: JB STRAUBEL, CEO OF RECYCLER REDWOOD MATERIALS
His vision: Create a loop of recycled supplies of lithium, copper, nickel, cobalt and manganese.
Now the startup based in Carson City, Nevada, has more than 300 employees who recycle used batteries. It has supply contracts with Ford and Panasonic
We’ve actually had more feedstock than we can even process in the first few years of our ramp up. Just based on a combination of production scrap from the lithium-ion manufacturing process, as well as a whole diversity of consumer lithium-ion batteries, things like lawnmowers and cell phones and toothbrushes, there is a lot of material.
Lithium-ion batteries are one of the highest value materials to recycle of modern consumer goods. They’re just difficult to do, and it’s quite tricky to get all those valuable elements out.
We’re not profitable yet because we’re growing so quickly and we’re reinvesting and will be for quite a few years. But the actual operations of recycling these batteries, that is profitable today.
It almost sounds too good to be true, but you absolutely can continue that cycle of remanufacturing, recycling, rebuilding. We don’t see any degradation in the performance of those metals. They actually tend to get more pure as we go through additional cycles of manufacturing and refining.
DAIMLER TO DEPLOY NATIONWIDE US ELECTRIC TRUCKING NETWORK
Daimler Truck North America, associated with the Mercedes-Benz brand, NextEra Energy Resources, and BlackRock Renewable Power announced the signing of a memorandum of understanding to develop a joint venture in the design, development, installation, and operation of a nationwide charging network for medium- and heavy-duty battery electric vehicles and hydrogen fuel cell vehicles.
Operations of the joint venture are expected to begin this year. Initial investment in the venture included an evenly split $650 million from the three parties.
The parties shared plans to deploy a network of charging station routes along the east and west coasts and in Texas by 2026.
The project will initially focus on medium- and heavy-duty battery EV
Daimler plans to begin the production of the battery electric freightliner eCascadia and eM2 in 2022-23, and additionally builds walk-in vans, school buses, and other fleet vehicles.
LIGHTYEAR ONE SOLAR EV BOASTS REMARKABLE HIGH SPEED EFFICIENCY
Based in the Netherlands the company recently tested the One at 130 km/h or 80.8 mph and it managed to drive over 400 km or 248 miles on one charge of its 60 kWh battery pack.
the One was still remarkably efficient, with a recorded average consumption of 141 Wh/km, equivalent to about 4.4 miles/kWh. Outside temperature was 10°C or 50°F
less compared to what the One achieved when it was tested last summer at a constant speed of 85 km/h or 52.8 mph when it achieved a very respectable 710 km or 440 miles, putting it in the same league as the Lucid Air (with around half the battery capacity).
NSW TO CO-FUND 1,000 ELECTRIC VEHICLE CHARGING STATIONS
New South Wales is promising to build more than 1,000 charging stations for electric vehicles under a four-year plan that would create the most extensive EV network in the country.
The NSW treasurer, Matt Kean, said on Wednesday the government was initially offering $35m to fund up to 50% of the capital costs for businesses to construct fast and ultra-fast charging bays along key travel routes.
“Construction is expected to start in the second half of 2022 with construction of all charging stations approved in this first round to be completed within two years. Drivers can put range anxiety in the rearview mirror.”
First stage applications are due to be finalised in April with successful bidders and sites announced in mid-2022.
INDIA TO SOON HAVE BATTERY SWAPPING POLICY
the government will introduce a battery swapping policy that will boost sale of electric vehicles (EVs) in the country, Finance Minister Nirmala Sitharaman said on Tuesday.
“Considering the constraint of space in urban areas for setting up charging stations at scale, a battery swapping policy will be brought out and inter-operability standards will be formulated,”
ALPINE TO BUILD ELECTRIC CROSSOVER AT DIEPPE PLANT FROM 2025
Renault’s Alpine sports car brand will produce its all-electric GT X-Over model at the Dieppe plant from 2025. The electric crossover will be based on the Renault-Nissan-Mitsubishi alliance’s CMF-EV platform, which is specifically designed for electric vehicles.
the same platform as the Renault Mégane E-Tech Electric and the Nissan Ariya.
By 2026, Alpine will introduce three battery-electric models – a sports car to succeed the current A110, a new compact model and the now announced GT X-Over. The compact model is likely to be based on the CMF BEV that debuts in the Renault 5 and is also used by the successor to the Nissan Micra.
EV START-UP WM MOTOR: CHINA’S COVID LOCKDOWN RULES SEND PRICES HIGHER
Covid-related restrictions have increased production costs for Chinese electric car start-up WM Motor, even as existing chip and battery shortages are driving up costs, CEO Freeman Shen told CNBC.
Shen laid out the impact of Covid-related restrictions on his start-up:
A chip manufacturer in Malaysia had production problems and stopped delivering to Bosch China, which then stopped delivering to WM Motor.Within China, after Covid cases emerged in Nanjing, one of WM Motor’s battery cell suppliers stopped deliveries.
In the last few months, similar disruptions affected two of the company’s suppliers in the Shangyu district of Shaoxing city, near Hangzhou.Covid-related restrictions on the Ningbo port area also stopped delivery from three suppliers there.
BILLIONAIRE ‘CABLE COWBOY’ PLUGS IN TO ELECTRIC CAR CHARGING
John Malone, the billionaire “cable cowboy”, has forged a new venture offering electrical vehicle drivers charging points and ongoing support at their home for a fee of around £30 a month.
The venture is being launched in the UK through the investment arm of Liberty Global
Egg, which will also sell solar panels and battery storage, is part of Liberty’s growing bet on the booming electric vehicle market after forming a joint venture with Zouk Capital last year to roll out street charging points across the UK.
MICHIGAN FINALIZING PLAN TO BUILD FIRST-EVER WIRELESS CHARGING ROAD FOR ELECTRIC CARS
Michigan has finalized a contract to build the country’s first wireless charging road system in Detroit, the state announced Tuesday.
The Michigan Department of Transportation awarded the project to Electreon, an electric vehicle solutions firm that will construct a 1-mile stretch of road open to the public and capable of charging battery-powered cars and trucks in real time.
“As we aim to lead the future of mobility and electrification by boosting electric vehicle production and lowering consumer costs, a wireless in-road charging system is the next piece to the puzzle for sustainability,” said Gov. Gretchen Whitmer. “I am happy to see Michigan lead and keep building on these ground-breaking initiatives creating new business opportunities and high-tech jobs. Together, we will continue growing our economy and putting Michiganders first.”
QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM
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PORSCHE OF THE VILLAGE CINCINNATI
AUDI CINCINNATI EAST
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NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII
DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL
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DAVID AND LISA ALLEN
BOB BOOTHBY FROM MILLBROOK COTTAGES – 5* GOLD SELF CATERING COTTAGES
JUKKA KUKKONEN FROM WWW.SHIFT2ELECTRIC.COM
BATTERY REPORTS FOR EVS AT RECURRENTAUTO.COM
ALEXANDER FRANK @ https://www.youtube.com/c/alexsuniverse42
ANDY NANCARROW AND LILIAN KASS
COLIN HENNESSY AND CAMBSEV
DON MCALLISTER / SCREENCASTSONLINE.COM
IAN (WATTIE) WATKINS
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