Plus, stay tuned because later in the show I’ll tell you what the boss of Mercedes thinks about putting tariffs on Chinese imported EVs.

Good morning, good afternoon, and good evening wherever you are in the world, welcome to EV News Daily, your trusted source of EV information. It’s Wednesday 13th March, I’m Martyn Lee and I go through every EV story so you don’t have to.

We go live at 5pm UK, that’s Midday Eastern.  Patreon supporters get the episodes as soon as they’re ready and ad free. You can be like them by clicking here or here https://www.patreon.com/EVNewsDaily

VW Group’s Strong 2023 Performance and EV Milestones

– Volkswagen Group saw a 12% increase in vehicle deliveries, totaling 9.24 million units, with contributions from all regions.

– The company reported sales revenue of EUR 322.3 billion, an operating profit of EUR 22.6 billion, and a profit after tax of EUR 17.9 billion.

– The proportion of battery-electric vehicles (BEVs) in deliveries rose throughout the year, hitting about 10% in Q4, with an annual share of 8.3% – setting a new record.

– A total of 771,100 BEVs were delivered in 2023, marking a 35% increase from the previous year, highlighting growth across all regions and reinforcing VW’s leadership in the European BEV market.

– Future investments for 2025 to 2029 are capped at EUR 170 billion, focusing on new products, regional strengthening, battery business, and platforms for BEVs.

– Introduction of the all-electric PPE platform and new electric models like the Porsche Macan Electric, Audi Q6 e-tron, VW ID.7, CUPRA Tavascan, and a long-wheelbase version of the VW ID. Buzz.

– Volkswagen remains committed to the electrification of mobility, though the pace of adoption varies by region.

– Significant product launches in the software sector include the Porsche Macan Electric and Audi Q6 e-tron.

– The battery business faced an operating loss of EUR 0.4 billion and a net cash outflow of EUR 0.8 billion, attributed to higher investments and the costs of establishing teams globally.

https://evne.ws/3ICFsJQ

Hyundai Ioniq 5 N: Priciest and Most Electrifying Hyundai Yet

– Launching at $67,475, the 2025 Hyundai Ioniq 5 N is the premier electric vehicle to receive Hyundai’s high-performance N designation, marking it as the most expensive offering from Hyundai.

– This performance model demands around $24,000 more than the Ioniq 5’s base model and $9,000 above the high-end Limited variant with a 320-hp AWD setup, offering substantial enhancements for those eager for an EV with exceptional track capabilities.

– It boasts a formidable electric motor setup, capable of producing up to 641 horsepower when the overboost feature, known as N Grin Boost, is activated.

– Featuring by a larger 84.0-kWh battery pack, superior Brembo brakes, and broad Pirelli P Zero tires specifically chosen for performance, this model is built for both speed and agility.

– Its design sees it sitting 0.79 inches lower to the ground, extending 2.0 inches wider and 3.2 inches longer than the standard Ioniq 5 variants, optimizing its stance for performance driving.

– Innovative features include a drift mode for enhanced oversteer control, a Torque Drift Kick system mimicking a clutch dump for dynamic acceleration, and N e-Shift technology that simulates the feedback of an eight-speed dual-clutch transmission.

– For an added performance atmosphere, the N Active Sound+ system generates artificial internal combustion engine sounds, enriching the driving experience with traditional sports car acoustics.

https://evne.ws/3IyAOMC

Trump Criticizes EV Policy, Warns Against Sole Focus on Electric Vehicles

– Donald Trump, in an interview, voiced strong opposition to a rapid shift towards electric vehicles (EVs), highlighting concerns about their readiness, costs, and production.

– Trump criticized current EV policies, suggesting they lack practicality due to limitations like insufficient range, high costs, and dependency on Chinese manufacturing.

– He labeled the push towards electric vehicles as potentially harmful to the U.S. auto industry, suggesting it could lead to job losses and termed EVs a “hoax.”

– Trump emphasized the need for maintaining a mix of energy sources for vehicles, indicating that relying solely on electric power is unrealistic due to current grid limitations.

– He pointed out the risk to EV adoption posed by potential cuts to federal funding, specifically referencing the Inflation Reduction Act’s EV tax credit and the Bipartisan Infrastructure Law’s investment in EV charging infrastructure.

– Trump’s statements suggest a reversal of Biden’s EV initiatives if he returns to office, raising concerns about the future pace of electric vehicle adoption in the U.S.

https://evne.ws/3ICFtNU

Tesla Swiftly Resumes Grünheide Production After Outage

– Tesla’s Grünheide plant is expected to resume production rapidly, within less than a day, following a temporary halt.

– The disruption, initially projected to extend until the end of the week, was caused by an arson attack on a nearby electricity pole, leading to a blackout.

– Power restoration occurred on Monday night, thanks to the round-the-clock efforts of energy supplier Edis, allowing operations to restart by Wednesday.

– Initially feared financial losses due to the outage were estimated in the nine-digit range, but actual costs to Tesla are about 400 million euros—less than half the anticipated amount.

– The financial impact was assessed based on Tesla’s weekly production of 6,000 cars at the Grünheide plant and using the base price of a Model Y (approximately 45,000 euros) for calculations, resulting in a sales loss of 270 million euros for one week.

– The incident also incurred additional costs due to disruptions in the supply chain, evidenced by trucks queuing outside the factory.

https://evne.ws/3T9WGmy

Xiaomi Enters China’s EV Arena with SU7

– Xiaomi, renowned for its smartphones, is set to commence deliveries of its first electric vehicle, the SU7, on March 28, entering a market currently dominated by giants like BYD and Tesla.

– The company announced that customers could start placing orders for the SU7, although it withheld information on the vehicle’s pricing.

– The SU7 boasts advanced technology, including an autonomous driving system and a digital cockpit, and is being showcased in 59 showrooms across 29 Chinese cities.

– It features Xiaomi’s proprietary HyperEngine electric motor, achieving up to 21,000 RPM and includes batteries from Contemporary Amperex Technology, enabling a range of up to 800 kilometers.

– Pricing for the SU7 is anticipated to fall between 250,000 yuan ($34,827) and 370,000 yuan, as per Jiemian, a Shanghai-based financial news outlet.

– The SU7 will compete with other established EVs in the market, such as the Zeekr 001, BYD Seal, and Xpeng P7, all of which are currently subject to significant discounts in the fiercely competitive market.

https://evne.ws/3IwHXNI

Dacia Spring: Most Affordable EV in the UK

– Dacia announces the Spring EV’s UK pricing at an unprecedented £14,995, making it the country’s most cost-effective electric vehicle.

– This pricing positions the Spring beneath the petrol-driven Renault Clio in terms of affordability.

– The Spring is set to debut in the UK after a significant visual and technical refresh, aiming to maintain its strong European market performance.

– Official pricing was disclosed as pre-orders opened, with initial deliveries scheduled for October, marking the Spring as cheaper by almost £12,000 compared to the current most affordable EV, the Vauxhall Corsa.

– The entry-level Expression variant features a 44bhp motor, capable of accelerating from 0 to 62mph in 19 seconds, and comes with amenities such as a 7.0-inch touchscreen, USB port, cruise control, electric front windows, and rear parking sensors.

– All models are powered by a 26.8kWh battery, offering up to 137 miles of range, with the capability for up to 30kW charging in its more powerful configurations.

– Dacia has opened pre-orders for a £99 deposit, promising early delivery to those eager to be among the initial owners, anticipating strong demand.

https://evne.ws/3T7UImw

Nissan and Honda Scale Down China Production Amid EV Competition

– Nissan Motor and Honda Motor plan to decrease their car production capabilities in China.

– The adjustments are in response to the intensifying competition in the electric vehicle sector from Chinese manufacturers.

https://evne.ws/3IwI63I

Beam Global Lands $1M UK MoD Contract for EV Charging Units

– Beam Global has secured a $1 million deal with the UK Ministry of Defense for the supply of 10 EV ARC solar-powered EV charging systems and an ARC Mobility trailer.

– The EV ARC system is designed for off-grid operation, requiring no construction, electrical works, or utility connections for installation.

– Capable of generating its own clean electricity, each EV ARC system can power up to six Level 2 EV chargers simultaneously.

– Fitting within a standard parking space, these transportable units also feature an Emergency Power Panel for essential electricity supply to military gear and personnel.

– The EV ARC system’s adaptability has led to its deployment across various military and commercial sites in the US, including for the US Army, Marine Corps, Department of Homeland Security, among other federal entities.

https://evne.ws/3TgbgsT

Volvo’s New Investment Aims to Slash EV Charging Time by 30%

– Volvo collaborates with British startup Breathe Battery Technologies to enhance its electric vehicles’ battery management system, promising faster charging.

– Breathe Battery Technologies, originating from Imperial College London, aims to revolutionize battery charging through advanced management systems.

– Unlike traditional methods, Breathe’s dynamic system adapts over time, offering more precise control and potentially reducing charge times by 15–30%.

– The technology’s complexity involves integrating sophisticated electrochemistry models into real-time applications within vehicle battery systems.

– This innovation requires no modifications to existing Volvo EV hardware and is compatible regardless of battery cell chemistry.

– Breathe’s system is designed to operate on low-power embedded processors, suggesting future applications beyond automotive, such as in portable consumer technology.

– Volvo is set to be the first automaker to implement this groundbreaking technology in its electric vehicles.

https://evne.ws/3IAyAwp

StoreDot and EVE Energy Join Forces for Fast-Charging EV Battery Production

– Israel’s StoreDot collaborates with China’s EVE Energy to boost the commercial production of extreme fast charging (XFC) battery cells for electric vehicles.

– Through this partnership, StoreDot gains access to EVE’s expansive manufacturing capabilities, enabling mass production of its innovative 100in5 XFC battery cells.

– StoreDot will benefit from EVE’s manufacturing capacity to produce its cutting-edge XFC batteries, ensuring a scalable production line.

– Additionally, StoreDot plans to license its technology to EVE, aiming to expand its technological reach through further licensing deals with other entities while also building its own global production capacities.

– The collaboration ensures that StoreDot’s fast-charging cells will be manufactured on EVE’s advanced production lines, guaranteeing high-quality delivery to a global clientele of electric vehicle makers.

https://evne.ws/43gwJq6

Mercedes CEO Advocates for Lower EU Tariffs on Chinese EVs

– Mercedes-Benz’s CEO, Ola Källenius, suggests the European Union should reduce tariffs on Chinese electric vehicles to enhance competition and improve European car quality.

– He opposes protectionist policies, arguing for decreased, not increased, tariffs on Chinese EV manufacturers like BYD to stimulate market economy dynamics.

– Currently, Chinese cars face a 10% tariff in Europe, compared to a 15% tariff on European cars sold in China.

– Källenius believes reducing tariffs will allow fair competition and encourage European automakers to innovate and produce superior vehicles.

– While some European manufacturers have expressed concerns over competition from Chinese EVs, Mercedes-Benz, with significant sales in China and collaborations with Chinese companies like BYD for battery technology, opposes such protective measures.

https://evne.ws/3TcdObr

Airbus Introduces CityAirbus NextGen eVTOL for Urban Mobility

– Airbus has officially revealed the CityAirbus NextGen, a fully electric vertical takeoff and landing (eVTOL) prototype, set for its first flight later this year.

– Designed for urban operations, the CityAirbus NextGen is a two-tonne class vehicle with a wing span of around 12 meters.

– It boasts a range of 80 km and a cruise speed of 120 km/h, ideal for a variety of city missions.

– The unveiling was timed with the opening of a new CityAirbus test center in Donauwörth, focused on testing electric VTOL systems.

https://evne.ws/43cZEeC

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