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Archive for the ‘Electrified Vehicles’ Category

Tesla Purchasing Ultracapacitor Maker Maxwell Tech

Electrify America turns to Tesla Powerpack for new charging stations.

by on Feb.05, 2019

A Tesla supercharger station.

Tesla will spend $218 million to acquire Maxwell Technologies, an energy company that could help it both reduce battery costs and develop a battery alternative called an ultracapacitor.

Separately, Electrify America, a company dedicated to promoting and supporting electric vehicles, plans to use Tesla’s Powerpack battery backup system at more than 100 of its EV charging stations.

Electrifying News!

“We are always looking for potential acquisitions that make sense for the business and support Tesla’s mission to accelerate the world’s transition to sustainable energy,” Tesla said of the planned purchase of Maxwell in a statement.

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BMW Reveals New 7-Series Plug-In Hybrid

Three versions worldwide, including U.S.-bound 745e xDrive.

by on Feb.01, 2019

The second-generation BMW 7-Series plug-in opts for a bigger engine and bigger battery.

BMW continues its push to electrify its line-up with the official launch of the new 745e model. Three different versions of the plug-in hybrid will be offered worldwide, including the 745e, the 745Le and the 745e xDrive, the latter being the only variant planned for the U.S. market.

The new model marks the second-generation 7-Series plug-in but gets a complete makeover under the hood, abandoning the previous model’s 2.0-liter inline-four gas engine in favor of a 3.0-liter inline-six. Paired with a single electric motor, the package is claimed to delivered both improved performance and longer range when operating in EV mode.

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Part of the credit for those improvements comes from the increase in the size of the 745e sedan’s lithium-ion battery pack from 9.2 to 12.0 kilowatt-hours.

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Tesla Selling Model 3 in China; Changes Names on Model S,X

Chinese buyers can get lower-priced model not available in U.S.

by on Feb.01, 2019

Tesla made a less expensive version of the Model 3 available for sale to the Chinese market.

Just days after reporting a small profit for the fourth quarter of 2018, Tesla opened up sales of a lower-priced Model 3 to buyers in China while changing the variant names for the Model S and Model X.

The EV maker is offering the long range, rear-wheel-drive Model 3 variant starting at 433,000 yuan, or about $64,000, according to Reuters. By comparison, the medium-range RWD Model 3 in the United States starts at $35,950. Tesla doesn’t currently sell the rear-drive, long-range version in the U.S. right now.

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The 433,000 yuan represents a significant price cut from what they were originally selling for in China: 499,000 yuan. It’s not clear where those vehicles will be produced in the Fremont, California plant or in the Shanghai Gigafactory, which is currently under construction but expected to be complete before the end of the year. (more…)

VW Plugs In With New Dune Buggy Concept

Retro design, futuristic powertrain; concept to debut in Geneva.

by on Jan.31, 2019

Volkswagen is bringing a new electric concept to the Geneva Motor Show in March – what's old is new again!

Volkswagen is going back to the future with a ‘60s-tinged concept coming to the Geneva Motor Show in a little more than a month.

The show car is modelled after the classic dune buggies that hit American roads and beaches back in the 1960s and 1970s. But the new iteration offers something very different under the hood – or, more accurately, under the floorboards, the buggy concept making use of the same, modular electric drivetrain that will power an assortment of upcoming Volkswagen products.

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“A buggy is more than a car. It is vibrancy and energy on four wheels,” suggested VW’s global design chief Klaus Bischoff. “These attributes are embodied by the new e-buggy, which demonstrates how a modern, non-retro interpretation of a classic can look and, more than anything else, the emotional bond that electric mobility can create.” (more…)

With More Product Coming, Tesla CEO Musk Promises Good Earnings Even In a Global Recession

Musk outlines plans for Tesla Model Y, Semi and Pickup in hour-long earnings call.

by on Jan.31, 2019

Tesla's Elon Musk spent much of his time on a call with analysts and media painting a rosy picture for 2019.

Tesla’s weak fourth-quarter earnings failed to impress industry analysts and investors, despite an optimistic, hour-long presentation by CEO Elon Musk who promised that the battery-electric automaker is ready to deliver solid profits “even if there’s a global recession.”

Speaking to reports and analysts, Musk presented an upbeat vision that anticipates a huge surge in both production and demand for the Model 3 sedan, while noting that two other products, the Model Y SUV and battery-powered Semi will go into production in 2020. The 47-year-old entrepreneur fended off concerns that Tesla won’t be able to cover an upcoming bond payment of more than $900 million without seeking new equity.

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“2019 is going to be an amazing year for Tesla,” Musk said, later adding that he is “optimistic about being profitable in Q1. Not by a lot, but I’m optimistic about being profitable in Q1 and for all quarters going forward.” (more…)

Mitsubishi to Debut Engelberg Tourer Concept in Geneva

Automakers says show car hints at “next-generation technology and enhanced EV performance.”

by on Jan.29, 2019

Mitsubishi's awkwardly named plug-in, the Engelberg Tourer Concept debuts in March.

Okay, perhaps the odd name resonates in the cantons of Switzerland but there’s no question, you’re likely to get some strange looks when you tell somebody about the Mitsubishi Engelberg Tourer Concept set to debut at the Geneva Motor Show in a little more than a month.

It’s the latest in a series of show cars rolling out from the long-struggling Japanese automaker, most – if not all – putting the emphasis on plug-based drivetrain technologies. For its part, Mitsubishi seems determined to keep us waiting for most of the details but does offer some hints about the latest prototype which, it turns out, is named after a popular Swiss ski resort that has some links to European motor sports.

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The Engelberg Tourer, the company suggests, will “bring further developments in SUV styling and practicality, along with a focus on next-generation technology and enhanced EV performance.” (more…)

Tesla Strongly Hints at Q1 Loss as Musk Warns of “Very Difficult” Road Ahead

Automaker’s stock continues tumble triggered by job cuts.

by on Jan.29, 2019

Weaker-than-expected Q4 demand is expected to mean just a modest profit.

Tesla is expected to report a small profit for the final quarter of 2018 but the automaker’s CEO is now signaling it may have some bad news for the current quarter.

The automaker delivered a solid surprise when it announced a $311.5 million profit for the third quarter of last year, well exceeding analysts’ expectation. CEO Musk earlier this month warned that the final three months of the year would bring a much smaller profit. While Wall Street has already digested that forecast, there are concerns about Musk’s latest advisory.

Breaking News!

While Musk, on January 18th, suggested the company might still be able to deliver “a tiny profit… with great difficulty, effort and some luck” as it headed into 2019, his latest advisory suggests its luck may be running out, at least for now. With Musk warning of a “very difficult” road ahead, there’s a growing consensus the first quarter now will bring another dose of red ink.

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Exclusive: GM Looking to Add to Growing List of Electric Pickups

Electric drive could deliver major hp, torque increases.

by on Jan.24, 2019

The GMC Sierra is one of the trucks GM is "considering" for electrification.

General Motors is “considering” options for adding an electric pickup to its line-up, a senior executive told TheDetroitBureau.com, a move that would see it join an expanding list of other manufacturers who are developing all-electric trucks.

How far along the project has gotten is unclear, but it appears to fit into the broader “path to an all-electric future” that GM CEO Mary Barra outlined last March. It would also allow the Detroit automaker to challenge its cross-town rival Ford which announced its own plans for a battery-electric pickup this month, as well as several upstart competitors, Tesla and Rivian.

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Electrifying!

“Certainly, it’s something we’re considering,” Duncan Aldred, the vice president of the GMC brand, said during an interview in San Diego, where the “professional grade” brand was previewing several new products this week, including the off-road AT4 version of the big GMC Sierra pickup.

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EVs Expected to Cost Same as Gas-Powered Cars by 2022

Deloitte research shows parity starts in UK in 2021.

by on Jan.23, 2019

The Chevy Bolt will be joined by two dozen other GM battery-electric vehicles by 2023. GM is all in with its EV strategy.

Automakers are set to overcome one of the biggest obstacles – cost – to selling electric vehicles in large numbers by 2022, according to a new study by research firm Deloitte.

The firm believes that EVs will achieve cost parity with gasoline- and diesel-powered vehicles globally by 2022 – first happening in the UK by 2021 – allowing for an influx of 21 million EVs to be sold within a decade.

All Charged Up!

Part of that is the growth in charging networks around the world, which has been funded, in part, by the automakers themselves. Tesla led the charge in this arena setting up supercharging stations in the U.S. and around the world where their vehicles are sold. (more…)

Honda Confirms Plans to Debut Urban EV Concept in Geneva

“Electric Vision” model to usher in massive shift to battery power.

by on Jan.23, 2019

Honda will bring a production version of the Urban EV Concept to Europe in the coming year.

Honda plans to use battery power of one form or another in two-thirds of the vehicles it sells by the end of the next decade, and the Japanese automaker plans to give a sense of where its “Electric Vision” is going at the upcoming Geneva Motor Show.

The Honda Urban EV Concept builds on an early prototype shown at the 2017 Frankfurt Motor Show and is little more than a thinly disguised version of the battery runabout it soon will be launching in Europe.

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“Honda’s new electric vehicle is developed with a focus on functionality and purpose and the prototype sketch demonstrates this through its clean, simple and unique design,” the automaker explained in a statement accompanying this teaser shot. “A mass production version of the car will be on sale later in the year.”

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