Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily, you trusted source of information. It’s Wednesday 9th March, it’s Martyn Lee here and I go through every EV story so you don’t have to.
ELECTRIC CAR PRICES COULD GO UP EVEN AS FUEL PRICES SOAR
– As US gas prices hit record highs in the wake of Russia’s invasion of Ukraine, it seems like electric vehicles may not be a safe haven for those looking to save money. That’s because Russia plays an important part in the production of the nickel that ends up in batteries used by many electric vehicles — a metal that’s rocketed up in price even faster than oil.
– On February 25th, nickel was trading on the London Metal Exchange for around $24,000 a ton, according to The Wall Street Journal. By March 8th, it was trading at $80,000 (down from a peak of over $100,000), and the London Metal Exchange had suspended trading.
– Russia’s role in producing the battery-grade nickel used in EVs is a different story — in a Twitter thread breaking down the issue, the CEO of Benchmark Mineral Intelligence says 20 percent of that supply comes from a single Russian company.
– According to Bloomberg and Reuters, nickel prices were already becoming a problem for EV manufacturers even before the invasion.
– But, like energy policy, battery production and integration is a big ship for automakers to turn around — if the prices of nickel and other metals stay up, it’ll be a race to switch to other tech before the shockwaves of higher prices and sanctions make their way through the supply chain.
2023 CADILLAC LYRIQ SAID TO ENTER PRODUCTION ON MARCH 21
– After the first pre-production 2023 Cadillac Lyriq rolled off the assembly line in January at GM’s plant in Spring Hill, Tennessee, the electric SUV will reportedly enter series production on March 21
– Cadillac Society reports that’s the day GM will start building customer vehicles, citing unnamed sources
– That corroborates with the production start timeline provided by GM in January when it began pre-production of the 2023 Lyriq. At the time, the automaker said that production of customer vehicles would begin by the end of the first quarter.
– Cadillac’s first-ever all-electric production model is based on GM’s Ultium platform. It will launch in a single-motor, rear-wheel-drive configuration packing a 100 kWh battery that enables a driving range of more than 300 miles. The battery powers an electric motor rated at 340 horsepower (254 kW) and 325 pound-feet (440 Nm) of torque.
– The Lyriq’s battery pack offers DC fast charging at up to 190 kW, enough to add 76 miles of range in about 10 minutes of charge.
– Pricing starts at $58,795 for the 2023 Cadillac Lyriq Debut Edition
E-POWER: NISSAN’S UNIQUE ELECTRIFIED POWERTRAIN
– e-POWER powertrain will be introduced to the Qashqai range in late summer
– The new Qashqai will be the first model in Europe to be equipped with Nissan’s unique e‑POWER drive system.
– Nissan developed the e-Power system, specifically tuned for European consumer needs. It offers optimum fuel efficiency without compromising driving pleasure thanks to the combination of two Nissan specialisms: advanced battery and motor technology, plus the innovative variable compression ratio internal combustion engine.
– As such e-Power is an ideal technology for those who cannot or do not want to take time to recharge with a cable but face a daily urban or suburban drive, and who are ready to make the first move in their transition to a full EV in the future.
– The e-POWER system is comprised of a high-output battery that is complemented by a variable compression ratio 1.5-litre three-cylinder turbo-charged petrol engine generating 156hp, a power generator, inverter and 140kW electric motor
– The petrol engine generates electricity, which can be transmitted via the inverter to the battery pack, the electric motor or both, according to the driving scenario.
– Under deceleration and braking, the kinetic energy is recaptured and channelled back to the battery to optimise efficiency.
– e-Pedal Step will brake the Qashqai at 0.2g, enough to illuminate the brake lights, and reduce the speed down to a “creeping” speed, not a complete stop. This ensures low-speed parking manoeuvres are as smooth as possible.
TESLA SELLS 56,515 CHINA-MADE VEHICLES IN FEB, UP 208.5% YEAR-ON-YEAR
– Tesla sold 56,515 China-made vehicles in February, according to data released today by the China Passenger Car Association (CPCA).
– This was up 208.5 percent from 18,318 vehicles in the same month last year, but down 5.6 percent from 59,845 vehicles in January.
– Tesla China exported 33,315 vehicles in February, according to the CPCA. This means that Tesla delivered 23,200 vehicles in China in February.
– Of the three versions of the Model Y – Model Y, Model Y Long Range and Model Y Performance – the delivery date for the entry-level version has been reduced by two weeks from the previous 12-16 weeks to 10-14 weeks.
HOW WILL HYUNDAI, KIA SECURE OVER 3 MIL. EV BATTERIES IN 2030?
– Following the announcement of a midium- to long-term strategy by Hyundai Motor and Kia to sell a total of 3.07 million electric vehicles (EV) in 2030, now all eyes are on how the country’s leading carmaking group will secure the supply for production on such a large scale.
– the annual demand for EV batteries is set to reach a total of 289 gigawatt-hours (GWh) by 2030. This figure is more than the annual battery production capacity of the top three domestic battery makers, LG Energy Solution (155 GWh), SK On (40 GWh) and Samsung SDI (42 GWh), combined.
– Experts say that Hyundai and Kia will need to strengthen their partnerships with the three domestic battery companies and global top-tier battery makers, such as CATL in China, to secure a stable supply, and to form a local EV production cluster.
– A leading example is the 10GWh battery cell plant that Hyundai Motor Group is scheduled to establish in Indonesia as a joint venture with LGES.
Original Source : https://www.koreatimes.co.kr/www/tech/2022/03/129_325010.html
CMA OPEN LETTER TO MOTORWAY SERVICE AREA OPERATORS AND ELECTRIC VEHICLE CHARGEPOINT OPERATORS
– The Competition and Markets Authority (CMA) has published an open letter to electric vehicle chargepoint operators and motorway service area operators following its investigation into suspected breaches of competition law in relation to long-term exclusive arrangements.
Electric car charging firm agrees to drop exclusive rights on motorways
– The Competition and Markets Authority (CMA) said the commitment it secured from Gridserve – which owns Electric Highway – will increase choice for EV drivers who need to top up their batteries.
– agreed not to enforce its exclusive rights to operate rapid electric vehicle (EVs) charging points at motorway service areas after November 2026 according to the competition watchdog.
– Gridserve has also agreed not to enforce its exclusive rights at Extra, Moto or Roadchef sites that are granted support under the Government’s Rapid Charging Fund.
– This fund is expected to be available only for service areas with more than one chargepoint operator.
– CMA senior director of antitrust Ann Pope said: “We need a combination of investment now and healthy competition going forward to make sure chargepoints are installed at scale where people need them, for a fair price.
CROWD-FUNDED EV CHARGER OPENS IN REMOTE TOWN
– The Western Australian rural town of Ravensthorpe has this week inaugurated its first electric vehicle charger, following a successful crowdfunding campaign launched by the Australian Electric Vehicle Association.
– The new DC EV charger was sourced from Perth-based charging infrastructure installer Gemtek and was supplied by Brisbane-based EV charging company Tritium.
– , it was the Chuffed crowdfunding campaign that raised enough donations from individuals and corporations to purchase and install two chargers – one which was this week installed in Ravensthorpe, and another which was previously installed in the Western Australian town of Lake Grace.
– Located 541 km south-east of Perth and 40 km inland from the south coast of Western Australia, Ravensthorpe is representative of the need for rural deployment of electric vehicle chargers in rural towns, so as to provide access for long EV road trips as well as cross-country trips.
HYUNDAI & IVECO TEAM UP ON ELECTRIC COMMERCIAL EVS
– Hyundai Motor Company and Iveco Group have agreed to explore possible cooperation in shared commercial vehicle technology, joint procurement and mutual supply.
– This is “a preliminary step in evaluating the potential for the two groups to cooperate in the areas of technology and platforms, which include components and systems”. This specifically includes the areas of electric powertrains and platforms, including fuel cell systems, vehicle automation and connectivity for commercial vehicles that are of “potential mutual interest”.
EUROPE’S EV GIGAFACTORY CAPACITY PIPELINE GROWS 6-FOLD TO
– Europe has become the fastest growing region for new electric vehicle (EV) lithium ion battery capacity outside of China. As the energy storage revolution and demand for lithium ion battery cells continues to rocket, plans for gigafactories – super-sized battery plants that are an order of magnitude bigger than their predecessors – are being developed in parallel.
– Just three and a half years ago, Benchmark Mineral Intelligence’s Lithium ion Battery Gigafactory Assessment (September 2018) reported Europe’s battery cell capacity to be at 120GWh by 2030 – enough cells for 2.2m EVs. Now this planned annual capacity figure stands at 789.2GWh in 2030, more than a 6-fold increase and enough to produce almost 15 million pure EVs as this global battery arms race takes hold in Europe.
– By end-2022, Europe is set to have 7 active lithium ion battery producers of which the top five by capacity (and gigafactory location) are: LG Chem (Poland): 32GWh Samsung SDI (Hungary): 20GWh Northvolt (Sweden): 16GWh SK Innovation (Hungary): 7.5GWh Envision AESC (UK): 1.9GWh
– By 2030, this top five landscape will be reshaped as Benchmark’s Gigafactory Assessment (February 2022) shows Europe to be on track for 27 gigafactories from 18 battery cell producers.
– of the 17 gigafactories with a minimum annual capacity of 1 GWh in Europe, 8 of these plants are through automotive partnerships such as VW Group, Stellantis (the company created from the Fiat Chrysler Automobiles and the French PSA Group merger), Nissan, Volvo and Renault.
– Northvolt is forecasted to be the region’s second second largest producer with 92 GWh of capacity through plans in Skellefteå, Sweden and a new joint-operation with Volvo, in Gothenburg, Sweden. CATL, Erfurt will be third largest battery producer in Europe with 80 GWh by 2030.
Original Source : https://www.globenewswire.com/news-release/2022/03/08/2398542/0/en/Europe-s-EV-Gigafactory-Capacity-Pipeline-Grows-6-Fold-to-789-2GWH-to-2030-Berlin-Summit-to-Dissect-Battery-Megatrend.html
ITALY TO GIVE NEW ELECTRIC CAR BUYERS SUBSIDY OF UP TO 6,000 EUROS
– Italy plans to subsidise up to 6,000 euros ($6,570) of the purchase price of new electric vehicles as part of its plan to support the country’s automotive industry, a government source said on Tuesday.
– Rome has set aside 8.7 billion euros until 2030, including around 700 million euros for this year, to support its carmaking industry.
– The subsidy of up to 6,000 euros is subject to the purchase of new vehicles costing up to 35,000 euros and includes a 2,000 euro contribution linked to the scrappage of a polluting combustion-engine car.
Original Source : https://www.reuters.com/business/autos-transportation/italy-give-new-electric-car-buyers-subsidy-up-6000-euros-2022-03-08
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