Show #1469
Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily, you trusted source of EV information. It’s Monday 16th May, it’s Martyn Lee here and I go through every EV story so you don’t have to.
NIO REACHES 500 TOTAL DELIVERIES IN NORWAY
– The Chinese electric vehicle (EV) maker opened its first local NIO Service Center in Norway on May 12 and delivered its 500th vehicle in the country at the opening ceremony, according to information shared Friday on the Norwegian version of the NIO app.
– NIO announced its official entry into Norway, the company’s first stop overseas, on May 6 of last year. Its first model offered in Norway is the ES8 SUV, and its flagship sedan, the ET7, is also expected to be available in the country this year.
Original Source : https://cnevpost.com/2022/05/16/nio-reaches-500-total-deliveries-in-norway/
TESLA CHALLENGER NIO INC. DELIVERS ITS 200,000 ELECTRIC VEHICLE
– Electric vehicle startup NIO Inc, which has emerged as one of China’s promising new electric vehicle startups, has reached deliveries of 200,000 electric vehicles in the world’s biggest auto market.
– Reaching deliveries of 200,000 vehicles is a significant milestone for NIO after launching its first vehicle, the ES8 SUV, in 2018. As a result, NIO is becoming a serious competitor to Tesla in China.
– NIO is also planning to launch its sixth battery-powered model soon named the ES7, which is an SUV that will compete with Tesla’s Model Y and BMW’s X5L SUV that’s sold in the China market
– NIO’s vehicles are uniquely designed, as the batteries can be removed at one of the automaker’s battery swap stations called “NIO Power”. The entire swap process takes about 10 minutes. It offers a faster alternative of plugging in and waiting for the battery to charge, but also helps address the current lack of convenient EV charging infrastructure across China.
– By the end of the year, the company said its will have in total over 1,300 Power Swap stations, 6,000 Power Chargers and 10,000 destination chargers online across China, including along China’s famed Silk Road that links the eastern and western regions of China.
– Under the BaaS model, if a customer decides to purchase a NIO electric vehicle and subscribe to use the 70kWh battery pack under the BaaS model, the purchase price drops by 70,000 yuan ($10,450). Customers then pay a monthly fee of 980 yuan ($146) for the battery pack itself.
– NIO ET7 customers will also be offered a subscription service for NIO Autonomous Driving (NAD), the company’s autonomous driving feature that’s similar to Tesla’s Autopilot.
Original Source : https://www.futurecar.com/5405/Tesla-Challenger-NIO-Inc–Delivers-its-200000-Electric-Vehicle-a-Significant-Milestone
LAMBORGHINI CONFIRMS ELECTRIC URUS IS COMING
– Drive recently had the chance to sit down with Lamborghini design boss Mitja Borkert and talk about many different topics. Among them was a question about a potential zero-emissions variant of the super-SUV, to which Borkert initially confirmed the EV but then walked back a little.
– “Sooner or later the Urus will be going electric… to be honest, the regulations in the world and also the social acceptance – the trend is going in this way for sure,” the designer told the Australian publication. “I’m not saying right now that the Urus successor is going electric, but for these kinds of cars electrification makes more sense.”
– As far as the rest of Lamborghini’s lineup is concerned, Borkert confirmed the company will offer combustion power for as long as it is possible from a legal standpoint. The switch to electric powertrains, however, is inevitable.
Original Source : https://uk.motor1.com/news/585827/lamborghini-urus-electric-version-rumours/
TESLA STOPS TAKING CYBERTRUCK ORDERS FROM EUROPE AND CHINA
– Tesla will no longer be accepting orders for the Cybertruck from Europe or China, as demand for the vehicle far exceeds production for the foreseeable future.
– According to Electrek, in May 2021 the Cybertruck forum released a crowdsourced reservation tally that showed over one million reservations for the electric pickup, and at the time of writing that number is reportedly close to 1.5 million, though this isn’t something that Tesla has confirmed.
– The Cybertruck will be built at Tesla’s new Gigafactory in Austin, Texas, and reservations will continue to be open for North American buyers.
Original Source : https://www.carscoops.com/2022/05/tesla-cybertruck-reservations-top-1-4-million-orders-from-europe-and-china-halted/
RIVIAN CHARGERS UNDER CONSTRUCTION IN MARYLAND
– Rivian has begun construction of six DC fast chargers at a shopping center near Interstate 95 in Harford County
– According to documents submitted to Harford County officials, an additional three spots will be prepared for future expansion for an eventual total of nine DCFC spots.
– The Riverside Shopping Center where Rivian is building the chargers has a ShopRite grocery store (open 6:00 AM – 10:00 PM), McDonald’s and Waffle House (both open 24 hours), plus a Walgreens, Subway, Riverside Pizzeria and Crab Du Jour restaurant.
– Rivian plans to build more than 3,500 CCS fast chargers at over 600 sites in the U.S. and Canada by the end of 2023. These DC fast chargers will be part of the Rivian Adventure Network.
– the text of a lease agreement between Rivian and the town of Salida, CO suggests that Rivian reserves the option to open some or all of the fast charger spaces to other electric vehicles.
Original Source : https://pluginsites.org/rivian-chargers-under-construction-in-maryland/
PORSCHE 718 CAYMAN GT4 EPERFORMANCE REVEALS THE POTENTIAL OF MISSION R
– Porsche has begun testing the technology components of the Mission R with the 718 Cayman GT4 ePerformance.
– The Porsche 718 Cayman GT4 ePerformance serves as a test vehicle. Like the Mission R, the all-wheel-drive racer uses the chassis of the proven 718 Cayman GT4 Clubsport model. The entire electric motor and battery technology also comes from the IAA conceptual study, which in qualification mode translates to a maximum output of 735 kW (1,000 PS) and more. In simulated racing, a steady 450 kW (612 PS) is available for 30 minutes, i.e. the duration of a Carrera Cup race. In terms of lap times and top speed, the 718 Cayman GT4 ePerformance is on par with the performance of the current 992-generation 911 GT3 Cup.
– Like with the Mission R, the fully-electric drive train of the 718 Cayman GT4 ePerformance is based on a permanently excited synchronous machine (PESM) on the front and rear axles. Together, they turn the racing car into an all-wheel-drive and can deliver a peak output of up to 800 kW (1,088 PS). The direct oil cooling of the e-motors and battery pack developed by Porsche counteracts thermally induced derating.
– The Porsche 718 Cayman GT4 ePerformance celebrates its premiere at the Goodwood Festival of Speed from 23 to 26 June 2022. At the famous motorsport festival in southern England, the all-electric concept car will take part in the ca. 1.9-kilometre hill-climb event. Its second outing is on 20 August 2022 at the Porsche factory in Leipzig on the occasion of the factory’s 20th anniversary.
Original Source : https://newsroom.porsche.com/en/2022/motorsports/porsche-718-cayman-gt4-eperformance-mission-r-iaa-conceptual-study-test-valencia-spain-28359.html
2023 CHEVY BOLT EV, BOLT EUV PRODUCTION START PUSHED BACK
– Production of the 2023 Chevy Bolt EV and 2023 Chevy Bolt EUV has been pushed back, GM Authority has learned.
According to GM Authority sources, production of the 2023 Chevy Bolt EV and 2023 Chevy Bolt EUV is slated to begin July 21st. Order books will open June 9th. Previously, production for both 2023-model-year vehicles was set to begin May 9th, but that date has since been revised as production for the 2022-model-year vehicles only recently resumed. Both the Bolt EV and the Bolt EUV are produced at the GM Lake Orion Assembly plant in Michigan.
– The 2023 Chevy Bolt EV is the seventh model year of the first-generation nameplate, arriving with just a few changes over the preceding, fully refreshed 2022 model year. Meanwhile, the 2023 Chevy Bolt EUV is the second model year of the first-generation nameplate introduced the year prior. Both models feature a 65 kWh battery pack, as well as a single front-mounted Voltec electric motor rated at 200 horsepower and 266 pound-feet of torque. Both models ride on the GM BEV2 platform.
Original Source : https://gmauthority.com/blog/2022/05/2023-chevy-bolt-ev-bolt-euv-production-start-pushed-back/
RENAULT CONSIDERS SPINNING OFF E-MOBILITY BUSINESS
– Renault has now confirmed that it has launched a strategic review into a spin-off of its electric car business – and provides more details. Specifically, a separate company in France could be dedicated to the development, production and distribution of electric vehicles and software.
– This autonomous entity would have a business model adapted to the specificities of electric cars and would be able to enter into partnerships for new technologies and services – at least that is what Renault writes in a statement. At the same time, Renault is also investigating the possibility of bundling its activities with pure combustion and hybrid cars in a separate unit outside France. Both companies could have around 10,000 employees in 2023.
– Both companies are likely to remain members of the Renault-Nissan-Mitsubishi alliance, according to current thinking.
– The move is primarily intended to strengthen the electric car business – by 2030 the Renault brand is to be purely electric in Europe. The French state is known to hold a 15 per cent stake in Renault Group. Thus, it is important that the possible e-car and software company should be located in France
Original Source : https://www.electrive.com/2022/05/15/renault-considers-spinning-off-e-mobility-business/
ELECTRIC CARS TO ACCOUNT FOR OVER 80% OF BATTERY DEMAND OVER NEXT 20 YEARS
– Electric cars are expected to account for 79% of the EV market revenues and 83% of battery demand over the next two decades despite some current challenges
– According to the research firm, the reason for cars to continue to lead the EV sector is that they have long been the focus of government policy for their popularity and the need to reduce road emissions.
– Batteries remain the largest cost component of electric vehicles, and climbing costs of battery raw materials, particularly lithium and nickel, are a factor behind the increases. This is driven by shortages and new lockdowns in China as well as the Russia-Ukraine war. Most of the world’s lithium is processed in China, and Russia accounts for around a fifth of global class 1 nickel supplies.
– “As shortages continue, and supplies of electric vehicle parts are eaten up by the automotive sector, this will have an impact on non-automotive sectors which use the same technologies,” the report states. “An example is electric truck markets, which IDTechEx predicts will have the second-largest battery demand by 2042.
Original Source : https://www.mining.com/electric-cars-to-account-for-over-80-of-battery-demand-in-next-20-years-despite-current-challenges-report/
STEEP RISES IN BATTERY RAW MATERIALS PRICES
– Steep rises in battery raw materials prices since the start of 2021 are causing speculation over either demand destruction or delays, and have led to the belief that automotive companies could shift preferences for their electric vehicles.
– The lowest-cost pack has always been lithium-iron-phosphate, or LFP. Tesla has been using LFP for its China-made entry-level models since 2021. Other carmakers such as Volkswagen and Rivian also announced they will use LFP in its cheapest models.
– Cobalt metal price is up 70% on year. Nickel has seen recent turbulence subsequent to a short squeeze on the LME.
– Meanwhile, lithium prices have surged over 700% since the start of 2021, which has led to a big jump in battery pack prices.
– Chinese battery metal costs in March were up 580.7% on year for LFP batteries on a dollar per kilogram basis, rising to nearly $36/kwh. NCM batteries were up 152.6% on over the same period to $73-78/kwh in February.
– Most of the Western lithium producers have the biggest portion of their output booked under long-term contracts, and Chinese converters have been busy with both spot and long-term contract requirements.
– The surging concerns about lithium, and other battery metals, becoming the limiting factor to drive EV adoption has led automakers to increasingly get involved in the upstream side of the industry.
– Sodium-ion batteries are considered as one of the most promising options.
– The largest advantage for sodium-ion is its lower production cost, sources said. Due to the abundance of sodium on earth, these battery packs could cost almost 3%-50% less than lithium-ion batteries. The energy density is comparable to LFP.
Original Source : https://www.spglobal.com/commodityinsights/en/market-insights/blogs/metals/051122-battery-metals-lithium-cobalt-nickel-prices
GM AND GLENCORE ENTER MULTI-YEAR COBALT SUPPLY AGREEMENT
– GM and mining giant Glencore have announced a multi-year sourcing agreement under which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia, to be used in GM’s Ultium battery cathodes.
– GM has recently announced several initiatives to create a new and more secure EV supply chain:
GM and POSCO Chemical are building a new facility in Quebec as part of a joint venture to produce cathode active material for GM’s Ultium batteries.GM will procure lithium from Controlled Thermal Resources’ Hell’s Kitchen Project in California.GM is working with GE Renewable Energy to develop a rare earth value chain.VAC of Germany plans to build a plant in the US to support GM’s magnet requirements starting in 2024, including locally sourced raw materials and finished magnet production.
Original Source : https://chargedevs.com/newswire/gm-and-glencore-enter-multi-year-cobalt-supply-agreement/
TESLA’S SHANGHAI GIGAFACTORY DISPATCHES SECOND EXPORT SHIPMENT
– A ship loaded with over 4,000 electric cars produced by US automaker Tesla’s Shanghai Gigafactory left a Shanghai port for Belgium on Sunday.
– This is the second export shipment of Tesla cars from Shanghai since the factory resumed production on April 19 and comes five days after the first batch of vehicles left for Slovenia, according to Shanghai Customs.
– Shanghai customs said it has established a communication channel with Tesla to coordinate customs services online and help speed up the delivery of orders.
Original Source : https://global.chinadaily.com.cn/a/202205/16/WS6281fb45a310fd2b29e5cf9d.html
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