Show #1523
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 Wednesday 6th July, it’s Martyn Lee here and I go through every EV story so you don’t have to.
TESLA ACHIEVES RECORD MONTHLY PRODUCTION
– Tesla (TSLA) achieved record production in June – exiting the year’s first half – setting the automaker up for an impressive second half of the 2022.
– June 2022 was the highest vehicle production month in Tesla’s history.
The automaker didn’t confirm how many vehicles it produced during the month of June, but we estimate it to be around 120,000 electric vehicles.
– Goldman Sachs wrote about the results in a note to clients this weekend:
However, we believe that the record production in June is a sign that Shanghai is ramping back up well and that the company made progress recently at its Berlin and Austin factories.
– If it was to only maintain the rate it had in June, it would likely produce just over 700,000 units for a total of over 1.2 million units for the year.
Original Source : https://electrek.co/2022/07/05/tesla-tsla-achieves-record-monthly-production-second-half-2022/
VWN RESUMES PRODUCTION OF THE ID. BUZZ IN HANOVER
– ID. Buzz vehicles are coming off the production line again in Hanover. Volkswagen Commercial Vehicles (VWN) has resumed production, which was interrupted for a week due to quality problems with the battery. In the course of the week, the level before the break is expected to be reached again.
– “Production of the ID Buzz at the VWN plant in Hanover has restarted as scheduled on 4 July 2022,” a company spokesperson told Automobilwoche. The problem has been identified and fixed, he added. Now new batteries will be delivered that fully meet VWN’s quality standards.
– Despite the interruption in production, the carmaker is sticking to the planned start of deliveries in October. According to the report, a good 200 ID. Buzz were not built during the one-week production stop, which VWN says can be made up “without any problems”.
Original Source : https://www.electrive.com/2022/07/05/vwn-resumes-production-of-the-id-buzz-in-hanover/
US: Porsche Delivered Over 2,500 Taycan In Q2 2022
– During the second quarter of 2022, Porsche delivered 19,487 cars in the US, which is 2.8% more than a year ago “despite ongoing supply issues in the wider economy.”
– The all-electric Porsche Taycan family noted 2,524 units in Q2, which is the second-best quarterly result
– Overall, Taycan was responsible for almost 13% of the total Porsche volume.
Original Source : https://insideevs.com/news/595896/us-porsche-taycan-sales-q2-2022/
GM, FORD POISED TO EAT TESLA’S LUNCH OVER NEXT FOUR YEARS
– With so many new and excellent EVs going into production, Tesla’s share of the electric vehicle market will plummet over the next four years, and it is General Motors and Ford who are poised to eat most of Tesla’s lunch, a new report says.
– Tesla has held about 70 percent of the EV market share in recent years. That is forecast to drop to a mere 11 percent over the next four years, says John Murphy, the Bank of America analyst behind the annual Car Wars report
– GM and Ford will see their piece of the EV market jump to 15 percent each—which will be higher than Tesla’s, Murphy said at an Automotive Press Association event in Detroit.
– Tesla, and Musk himself, have a big fanbase who are loyal buyers. But the number of fans with blinders, who do not see Tesla faults or the attributes of competing vehicles, is not enough to sustain current market share. And the fanbase is shrinking. And Tesla is losing some buyers who have run out of patience with quality issues and aging models. Then there are those who have had enough of Musk’s public and sometimes offensive or political comments and stunts.
– Murphy predicts Ford, Toyota, and the Korean brands will gain total market share, GM and Honda will remain neutral, and Nissan and Stellantis will lose market share.
Original Source : https://www.motortrend.com/news/tesla-general-motors-ford-shares-analysis-car-wars/
UK NEW CAR SALES FALL TO LOWEST LEVEL IN JUNE SINCE 1996 AMID CHIP SHORTAGES
– Sales of new cars in the UK fell by almost a quarter last month, the worst June since 1996, as global chip shortages hammered the industry.
– So far this year, 802,079 new cars have been registered, down almost 12% from this time last year – the second-weakest first-half performance in 30 years.
– Battery-powered electric vehicles continued to be popular, with sales up 14.6% to 22,737 in June, lifting their market share to 16.1% from 10.7% a year earlier.
– Mike Hawes, the SMMT chief executive, said: “The semiconductor shortage is stifling the new car market even more than last year’s lockdown. Electric vehicle demand continues to be the one bright spot, as more electric cars than ever take to the road, but while this growth is welcome, it is not yet enough to offset weak overall volumes, which has huge implications for fleet renewal and our ability to meet overall carbon reduction targets.
– “With motorists facing rising fuel costs, however, the switch to an electric car makes ever more sense and the industry is working hard to improve supply and prioritise deliveries of these new technologies given the savings they can afford drivers.”
Original Source : https://www.theguardian.com/business/2022/jul/05/uk-new-car-sales-chip-shortages-prices-delivery
UK PLUGIN EV SHARE AT 22%, TESLA MODEL Y OVERALL RUNNER UP
Dr. Maximilian Holland
“The Tesla Model Y was the best selling plugin in June, and the 2nd bestselling vehicle of any powertrain. June’s overall plugin result of 21.6% comprised 16.1% battery electrics (BEVs), and 5.5% plugin hybrids (PHEVs). This compares to respective shares of 10.7% and 6.5% YoY.”
“Tesla’s recent temporary Shanghai shutdowns put a notable dent in the company’s European delivery volumes in June, relative to its recent trends. Despite the Model Y’s decent placing, Tesla’s June UK volume was actually just 43% of March’s volume, a shortfall of around 7,000 units.”
“Without this temporary Tesla down-blip, June’s UK results would have seen around 20% BEV share”
“Other things being equal, I’d expect BEV share of 23–25% in September, plus another 5% of PHEV share, so almost 30% plugins combined. In December, on recent trends, plugins could reach around 40%, with perhaps 33% BEVs.”
https://cleantechnica.com/2022/07/05/uk-plugin-ev-share-at-22-tesla-model-y-overall-runner-up/
TESLA 4680 STRUCTURAL BATTERY PRELIMINARY TEARDOWN HINTS AT COOL INNOVATIONS
– Automotive teardown firm Munro & Associates has torn down several Teslas over the years, from an early-production Model 3 sedan to the Model S Plaid. This time around, the company was able to get its hands on a Model Y from Gigafactory Texas that just happens to be equipped with a 4680 structural battery pack.
– According to the team, the 4680 structural pack, even from the outside, is already quite innovative. The fact that the vehicle’s seats are directly installed on the battery pack itself is already quite interesting, but that’s just the start.
– The 4680 structural battery’s connections to the Model Y’s front and rear megacasts are amazingly simple and straightforward
– As noted by Munro’s teardown team, the Model Y’s entire 4680 structural pack — including the seats, carpets, and the entire center console — only weighs about 1,200 pounds.
Original Source : https://www.teslarati.com/tesla-4680-structural-battery-pack-teardown-preview-video/
FORD MUSTANG MACH-E RECALL FIX SOFTWARE NOW AVAILABLE AT DEALERS
– While Ford continued selling the vehicles, it temporarily halted deliveries of the Mustang Mach-E until a fix was in place. We reached out to Ford for clarification, since many media outlets continued to report a stop-sale, which wasn’t the case. A spokesperson from Ford shared:
– “Please note it is not a stop sale. Dealer can still sell. They just can’t deliver the vehicle. No different than any other safety recall notice. It is a delivery hold.”
– on June 29, 2022, Mach-E Forum reported that the Mustang Mach-E Battery Contactor Recall Fix (22S41) became available at dealers slightly ahead of schedule. It appears dealers now have the ability to take care of the related software update.
– Ford Mustang Mach-E owners who don’t want to visit a dealership can choose to wait for the over-the-air update, which should be available in late July or August. The forum also noted that the update will be available for self-updaters using Ford’s Diagnostic and Repair System (FDRS). It’s important to reiterate that there are no parts involved in the fix. This is simply a software update only.
Original Source : https://insideevs.com/news/596301/ford-mustang-mache-recall-fix-arrives-early/
NORTHVOLT IS SAID TO KEEP $12 BILLION VALUATION AFTER NEW ROUND
– The company said in a separate statement that it had signed a $1.1 billion convertible note to finance an expansion of its production capabilities in Europe.
– Part of the proceeds will help Northvolt develop cathode material production, which the company says is a key component of its strategy to establish operations throughout the battery value chain.
– “Our biggest challenge short-term is to keep focus on executing and getting products out, and show our customers we can deliver on time,” Carlsson said. Northvolt is also looking at opportunities that may arise in the US, the CEO added.
Original Source : https://www.bloomberg.com/news/articles/2022-07-05/northvolt-is-said-to-keep-12-billion-valuation-after-new-round
RIVIAN REMOVES STATEMENT TO BUILD 3,500 CHARGING STATIONS BY 2023 FROM ITS WEBSITE
– Production glitches, supply chain problems, and price increase blunders have tanked Rivian stock as well as people’s optimism toward the company. Now, it appears that Rivian is backing away from the initial plan to build 3,500 charging stations by the end of next year.
– The ambitious plan unveiled two years ago was to build 3,500 charging stations at 600 U.S. and Canada locations by the end of 2023. It’s all great until you find out that Rivian only managed to install its charging stations at three locations in Colorado and California.
– according to a tweet by Phillip.png (@pmsyyz), Rivian has removed any indication of the previously-set deadline from its website. It looks like Rivian is not committed anymore to building all those charging stations by the end of 2023.
Original Source : https://www.autoevolution.com/news/rivian-removes-statement-to-build-3500-charging-stations-by-2023-from-its-website-192756.html
USED EVS ARE KEY TO WIDER CUSTOMER SUPPORT OF ELECTRIC CARS
– Volkswagen Financial Services UK chief executive Mike Todd suggests that the motor industry needs to put more focus on making used electric vehicles attractive to drive EV adoption in the mass market.
– if we are to achieve mainstream adoption of electric cars in this country – and hit the Government’s decarbonisation targets – we need to redirect more attention to the development of the Used EV market.
– As we know, the sale of new petrol and diesel cars will be banned in the UK from 2030 and people are understandably keen to make the switch to electric even though new EVs are unaffordable for many drivers.
– A solution we’re working on at Volkswagen Financial Services UK is focused on providing entry-level electric cars for the mass market and we feel that targeting used EVs is a viable approach.
– Our teams are currently working on a Used EV finance offer that could potentially launch this autumn. We plan for this to be brought in for the ID. range and is likely to cover charging and servicing. Customer research has told us that the top three priorities for a used offer are battery warranty, maintenance and charging.
– This prospective offer is hugely important because, with an anticipated influx of quality used EVs, for the first time we will be able to test mass market EV offerings and understand what the nation needs to transition to electric.
– EV technology is developing so fast that batteries in newer models are suffering from minimal performance degradation, which is something that will only encourage more drivers to consider a used electric car.
Original Source : https://www.am-online.com/opinion/2022/07/05/used-evs-are-key-to-wider-customer-support-of-electric-cars-opinion
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