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20 Mar 2020 | Can EV Makers Survive A Shutdown?

EV News Daily - Electric Car Podcast

Release Date: 03/20/2020

02 June 2020 | First Alfa Romeo Electric SUV show art 02 June 2020 | First Alfa Romeo Electric SUV

EV News Daily - Electric Car Podcast

Porsche Chairman is 'optimistic' about post-COVID-19 Taycan sales | First Alfa Romeo Electric SUV Details Emerge | The electric bikes that could genuinely replace your car | BYD Enters EV Passenger Car Market In Colombia | Tesla starts digging at Giga-Berlin | Falling costs bring autos, power ‘on the verge’ of the battery age | Suncor CEO says electric vehicles could disrupt oil demand as significantly as coronavirus | French Electric Vehicle Market Share At 7.5% In May, 9.2% Year To Date

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01 June 2020 | Rivian’s own Supercharger-style network show art 01 June 2020 | Rivian’s own Supercharger-style network

EV News Daily - Electric Car Podcast

100kW Charging Speed For Peugeot e-208 Confirmed In Tests | Electric vehicle sales are predicted to surge in 2021 | Rivian enlists former Tesla employees to build its own Supercharger-style network | Geely's Polestar plans China showroom expansion to compete with Tesla | Buffett-backed BYD to supply EV batteries to Ford | Tesla stock reels in $900 following Elon Musk’s big space achievement

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31 May 2020 | BMW M5 rumoured to go electric show art 31 May 2020 | BMW M5 rumoured to go electric

EV News Daily - Electric Car Podcast

BMW M5 rumoured to go electric and offer Bugatti Veyron power | Cumulative Number Of NIO Power Battery Swaps Reaches 500,000 | Renault Could Make Alpine Go Electric-Only To Save The Brand | German ministry proposes €5 billion car bonus scheme

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30 May 2020 | 32GWh Gigafactory Will Build EV Batteries In Norway show art 30 May 2020 | 32GWh Gigafactory Will Build EV Batteries In Norway

EV News Daily - Electric Car Podcast

New 32GWh Gigafactory Will Build Sustainable Batteries In Norway | Mercedes-Benz Shows Its Battery Pack Plant In Kamenz | Tesla CEO Elon Musk Gets $780 Million Payday | Tesla Is Speeding Up Production And Installations Of Supercharger V3 | Ul Certifies Lumen Group’s Wireless Charging System | Huber+Suhner Launches The Radox HPC500 Charging System | E5 Consortium To Develop Zero-Emission Vessel | Blueindy Electric Cars Will Be Repurposed — Or Crushed

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29 May 2020 | Elon Musk Hangs With Crowd At Superchargers show art 29 May 2020 | Elon Musk Hangs With Crowd At Superchargers

EV News Daily - Electric Car Podcast

Tesla Model 3 Was The Best Selling Car In Q1 2020 | Tesla solves Model Y frozen door handles and charging port with simple trick | 2021 Toyota RAV4 Prime Price Announced, Starts At $38,100 | Mercedes-Benz EQC Misses Initial Sales Targets | When The Boss Has To Queue | New Audi CEO setting up Artemis project | Largest electric airplane yet takes off in the USA

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28 May 2020 | Rivian Could Follow Tesla Into Insurance show art 28 May 2020 | Rivian Could Follow Tesla Into Insurance

EV News Daily - Electric Car Podcast

VW Moves Forward With Ford EV Deal | Volkswagen becomes biggest shareholder of China's EV battery maker Guoxuan | Rivian Could Follow Tesla Into Insurance | Elon Musk and Jay Leno drive the Cybertruck through a Boring Company tunnel | Uber sends thousands of Jump e-bikes to the recycling heap | Nissan Loses LEAF and adds one new EV in the US | Pasadena opens EV fast-charging plaza

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 27 May 2020 | Tesla Cuts Prices in North America and China   show art 27 May 2020 | Tesla Cuts Prices in North America and China

EV News Daily - Electric Car Podcast

Tesla Cuts Prices in North America and China | All-electric Volvo XC40 Recharge now available for UK customers to order | Toyota Reveals PROACE Electric | BMW X2 xDrive25e SAC PHEV to be launched July 2020 | Hyundai Motor Group to get electric vehicle batteries from LG Chem | Audi e-tron Is The New King Of Norway

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 26 May 2020 | Mercedes-Benz launches its electric EQV minivan show art 26 May 2020 | Mercedes-Benz launches its electric EQV minivan

EV News Daily - Electric Car Podcast

Mercedes-Benz launches its electric EQV minivan for ~$64,000 | Kia is considering an ultra-small electric car | Rumor: In April Tesla Received About 15,000 Orders For MIC Model 3 LR | Audi e-tron Is The New King Of Norway | Macron demands carmakers turn to ‘Made in France’ for €8bn virus aid | Record €60bn investment in electric cars and batteries in Europe secured last year | BYD Blade prismatic battery cell specs and possibilities | Renault Captur Plug-in Hybrid spec revealed

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 25 May 2020 | Tesla Applies To Sell Model 3 In China With New Cells show art 25 May 2020 | Tesla Applies To Sell Model 3 In China With New Cells

EV News Daily - Electric Car Podcast

China: Roughly 61,000 Plug-In Electric Cars Sold In April 2020 | The Next Ford Ranger Could Come With Plug-In Hybrid Power | Tesla files to sell new Model 3 with cheaper lithium iron phosphate batteries | Porsche Taycan rollout slowed by coronavirus | 2020 Porsche Taycan 4S – Is This The Best Electric Car in the World? | Tesla Model Y wins over EV rental firm that scrapped 100 Model 3 orders citing build issues | Six in 10 UK drivers 'too daunted' to buy an electric car

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 24 May 2020 | Lordstown Could Produce 600,000 Electric Vehicles A Year show art 24 May 2020 | Lordstown Could Produce 600,000 Electric Vehicles A Year

EV News Daily - Electric Car Podcast

Lordstown Motors Chief Says New Factory Could Produce 600,000 Electric Vehicles A Year | Britain's largest solar farm poised to begin development in Kent | UK charging partnership Liberty Charge makes debut | Buying a Certified Pre-Owned EV Makes A Lot of Sense | Tesla launches Fallout Shelter in-car video game and more with new update | 400 Miles in Tesla Model S Raven | Tesla bakes in Model 3 Performance Upgrade Package | Could Tesla reveal a 700-mile Model 3? | Question Of The Week Answers

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Show #723

 

Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Friday 20th March 2020. It’s Martyn Lee here and I go through every EV story to save you time.

 

A quick update, I’ve been off my feet with a chest infection which really took all my energy. I thought it was over on Sunday, then Tuesday, and now it’s Friday. No it is NOT Covid-19, in fact it’s the opposite!

 

Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.

 

AUTOMOTIVE INDUSTRY COPES WITH COVID-19

"Toyota, Honda, and the Big Three have shut down manufacturing plants. Mercedes is keeping its Alabama factory open, but it will probably run out of parts. Tesla may or may not be contradicting a legal order not to produce cars, and Ford doesn’t want to sit on a mountain of repossessed vehicles" reports Jalopnik: "Honda’s plant in Wuhan, China, right near where the outbreak began, is back up and running!" "

 

According to Bloomberg: "Daimler AG’s U.S. sport utility vehicle factory is at risk of shutting down because of a shortage of parts coming from Europe, according to a notice sent to workers. "

 

And from Gene at Teslarati: "Tesla will temporarily suspend production at its factory in Fremont, California and Buffalo, New York beginning on March 24 in response to local “shelter in place” mandates to prevent the spread of coronavirus, said the company on Thursday. The company notes that operations at its Nevada factory, along with its other facilities including its service and Supercharger network will remain operational."

 

https://jalopnik.com/the-automotive-industry-is-grinding-to-an-undignified-h-1842410744

 

https://www.teslarati.com/tesla-factory-coronavirus-shutdown-march-24/

 

CAN EV MAKERS SURVIVE A SHUTDOWN?

"Morgan Stanley says that Tesla (TSLA) is strong enough financially to afford “several months of near shutdown of operations” at its Fremont factory" writes Electrek

 

Pierre Ferrago at New Street said: "Tesla can survive 5 quarters with cash on hand if its Fremont Factory is shut-down. Tesla has $2.9bn of available cash. At a $600m cash burn per quarter it can hence self-finance operations for 5 quarters. Conclusion: even in an extreme scenario Tesla can self-finance operations multiple quarters. In such a scenario, Tesla would obviously take remedial actions (ramping Shanghai production, moving production to Nevada). Our take on a more likely scenario (20-40% slowdown in units) here."

 

What about NIO? "The Chinese electric vehicle maker Nio raised substantial doubt in its ability to continue its business due to on-going financial difficulties that have been exacerbated by the coronavirus. The reduced EV subsidies in China also played a part." reports Nora at Electrive: "Nio said in a statement: “The Company’s cash balance is not adequate to provide the required working capital and liquidity for continuous operation in the next 12 months. The Company’s continuous operation depends on the Company’s capability to obtain sufficient external equity or debt financing.” Such external financing could have come from Hefei’s city government. However, the agreement to raise more than 10 billion yuan and set up new manufacturing facilities isn’t final yet."

 

https://www.electrive.com/2020/03/19/electric-carmaker-nio-is-lacking-liquidity/

 

NISSAN GOES ALL ELECTRIC FOR NEW CARS IN JAPAN

" Nissan Motor will sell electric-drive versions of all new and redesigned models to hit the Japanese market starting in fiscal 2020 as it shifts further away from gasoline power under tighter emissions rules, Nikkei has learned." says nikkei.com: "The automaker will roll out an electric sport utility vehicle as early as the second half of 2020 and an electric version of its mainstay Dayz minicar in 2021. Hybrids will use the company's proprietary e-Power system. Nissan aims to generate 50% of sales in Europe and 30% in China from electric-drive vehicles in fiscal 2022."

 

https://asia.nikkei.com/Business/Automobiles/Nissan-goes-all-electric-for-new-cars-in-Japan

 

ABB COMPLETES ACQUISITION OF CHINESE EV CHARGING PROVIDER CHARGEDOT

ABB has completed its acquisition of a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. (“Chargedot”). The transaction was announced on October 28, 2019.

Since its establishment in 2009, Shanghai-based Chargedot has made a significant contribution to the uptake of electric vehicles in China. The company supplies AC and DC charging stations, as well as the necessary software platform to a range of customers that includes EV manufacturers, EV charging network operators and real estate developers.

The acquisition is expected to further strengthen ABB’s relationship with leading Chinese electric vehicle manufacturers and broaden the company’s e-mobility portfolio with hardware and software developed specifically for local requirements as well as service offerings.

 

THE NEXT BMW 7 SERIES LINEUP WILL INCLUDE AN ALL-ELECTRIC CAR

"BMW's next-generation Series 7 luxury sedan models will include an all-electric version, according to Autocar. The automaker has announced at a press conference that the next 7 Series vehicles will come in four versions: one with a gasoline-burning engine, a diesel version, a plug-in hybrid and a fully electric car. " says Engadget: ", Oliver Zipse, BMW's Chairman of the Board of Management, told attendees that the all-electric version will be the most powerful among the four. the zero-emission 7 Series model will be powered by BMW's fifth-generation electric technology -- the same one that'll power the i4. The next 7 Series cars don't have a solid launch date yet, but since the current generation won't go out of production until 2022, we'll still have to wait a few more years."

 

https://www.engadget.com/2020/03/18/bmw-7-series-electric-car/

 

ALL-ELECTRIC PORSCHE MACAN WILL START PRODUCTION BY END OF 2022

"There’s no question that Porsche isn’t shy about moving to the electric world. Barring small operations such as Rimac, Porsche seems more aggressive than all others in the supercar realm then it comes to embracing EV power. We’ve known for a while that the Macan will go fully electric, but a new report from Automobilwoche gives us insight into a timeframe." says Motor1: "Perhaps more interesting is that rumors also suggest the Macan will go entirely electric starting in 2024. That’s a gutsy move from Porsche, as the Macan has become the company’s best-selling vehicle in a relatively short amount of time."

 

https://www.motor1.com/news/405150/electric-porsche-macan-production-2022/

 

2020 KIA NIRO EV: PRICE HIKE BRINGS BIGGER INFOTAINMENT SCREENS BUT NO EXTRA RANGE

""The 2020 Kia Niro (2019 model pictured) has changed slightly. It costs $590 more versus 2019, adding up to a starting price of $40,210 after factoring in the $1,120 destination fee. " says Green Car Reports: "The price hike applies both to the base EX version of the Niro EV as well as the better-equipped EX Premium. But features have been stepped up along with that.  Both of the 2020 versions include upgraded infotainment screens. Echoing changes given to the 2020 Kia Niro Hybrid, the Niro EV gets new 8.0 and 10.25-inch touchscreens replace the 7.0-inch and 8.0-inch units currently offered in the EX and Premium, respectively. The Niro EV carries forward with its 239-mile EPA range rating. We’ve observed some impressive real-world range from the Niro EV—range that might, in cooler temps especially, top the greater 258-mile range offered in the Hyundai Kona Electric."

 

https://www.greencarreports.com/news/1127504_2020-kia-niro-ev-price-hike-brings-bigger-infotainment-screens-but-no-extra-range

 

HYUNDAI KONA ELECTRIC MADE IN EUROPE

"Hyundai finally started the delivery of the Kona Electric made at its European manufacturing plant, in Czech Republic. Current European production is at 150 Kona Electrics per day and Hyundai plans to produce over 35.000 units in 12 months." writes PushEVs: "The batteries will by produced in Europe, reducing the distance the component needs to travel. Hyundai will also give customers the opportunity to track the estimated time of arrival (ETA) of their Kona Electric. Once ordered, the ETA tool makes it possible to track the car from production to final shipment. In 2020, Hyundai expects to deliver more than 80,000 units of zero-emission vehicles to European customers, including the Kona Electric, IONIQ Electric "

 

https://pushevs.com/2020/03/16/hyundai-starts-delivery-of-kona-electric-made-in-europe/

 

IN FEBRUARY 2020, RENAULT SOLD ALMOST 7,500 ELECTRIC CARS

"In Europe, close to 9% of total Renault passenger car sales were electric." reports InsideEVs: "February was the second-best month for all-electric car sales by Renault, which globally (mostly in Europe) sold 7,485 units (88% more than a year ago).As the French manufacturer sells EVs mostly in Europe, which currently fights with the coronavirus outbreak, it will be difficult to match January's record of 10,819 in the next couple of months."

 

https://insideevs.com/news/404795/february-2020-renault-electric-car-sales/

 

QUESTION OF THE WEEK

 

Returns soon!

 

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