Weekly Electromobility News

315-Mile Tesla Model S P100D Now Available; GM Building Battery Pack Factory in China; Karma Automotive Moving into New Headquarters as its New Car Revero is near Launch

315-Mile Tesla Model S P100D Now Available

According to Tesla website, the company has made Model S P100D available. The car is loaded with a new larger 100kWh battery pack and can go 315 miles on a single charge. It marks the first 300-plus-mile electric car. Moreover, Model S P100D can do 0-60 mph in 2.5 seconds, third fastest production car behind LaFerrari and Porsche 918 Spyder.

Model X P100D is available as well, with an electro-range of 289 miles.

Upgrading cost from P90D is $10,000 for customers who have not got the car, and $20,000 for owners with the car, respectively.

GM Building Battery Pack Factory in China

According to SAIC-GM website, the company is investing 1.72 billion yuan ($258 million) on a battery pack factory in Jinqiao, Shanghai. The factory will support local electric car production. Moreover, by year 2020, SAIC-GM plans to spend 26.5 billion yuan ($3.96 billion) on the development of electrification technologies.

Later this year, Cadillac CT6 plug-in hybrid model will be introduced in China. By 2019, Buick and Chevrolet will launch a new plug-in hybrid car respectively. Also by 2019, Buick will produce a new all-electric car.

Karma Automotive Moving into New Headquarters as its New Car Revero is near Launch

According to Fortune, Karma Automotive (previously the bankrupted Fisker Autmotive) is moving into new headquarters in Irvine as big as 262,000 sq ft, to accommodate its rapid expansion. In just 14 months, the company has roughly doubled its size to 625 employees and plans to expand to about 800 by 2017.

Karma Automotive is launching its first luxury plug-in hybrid Revero on September 8th. Revero is based on the previous Fisker Karma, but now uses technologies from BMW. The previous Fisker Karma car was sold to celebrities like Leonardo DiCaprio and Justin Bieber and cost over $100,000. The company plans to build 3,000 Revero cars per year.

Weekly Electromobility News

Bosch Getting Electric Car Executive from Daimler; China Sold 6.67GWh EV Batteries in First Half of 2016; New Chinese EV Startup WM Motor Got $1 Billion in Initial Fundraising;

Bosch Getting Electric Car Executive from Daimler

According to Reuters, sources revealed that auto parts giant Bosch is hiring Harald Kroeger who is the head of electrics, electronics and E-drive at Daimler. Harald is behind Daimler’s electric motor and electronics development, as well as battery development.

Bosch is increasing its presence in electric self-driving field. Google’s autonomous car uses Bosch’s electric powertrain while Tesla uses Bosch’s driver assistance systems. Bosch expects 16.3 million plug-in EVs per year by 2025.

China Sold 6.67GWh EV Batteries in First Half of 2016

According to D1EV, battery makers in China reached sales of 6.67 GWh in the EV section in the first half of this year. The sales have gained a 145% increase from the same period of last year. In 2015, the total EV battery sales in China were 15.7 GWh.

This year, lithium iron phosphate is the dominating cathode material for EV batteries, accounting for 4.9 GWh, or 74%. It is followed by lithium nickel manganese cobalt oxide, with 1.53 GWh and 23% of total sales.

BYD, CATL and Guoxuan are the top suppliers – 3.72 GWh and 56% of total sales.

New Chinese EV Startup WM Motor Got $1 Billion in Initial Fundraising

According to Bloomberg, 1-year-old EV startup WM Motor in China raised $1 billion in the first round of fundraising. The company is founded by Freeman Shen, a former executive at Geely who is behind the Volvo acquisition.

It is pretty rare for startups to have $1 billion evaluations during initial fundraising. Companies which did are so-called unicorns. Tesla only raised $7.5 million in 2004.

The name WM comes from weltmeister in German, meaning global champion. WM’s plan is to launch the first car in 2018 and achieve 100 thousand cars per year in 3 years after. The company is targeting mass market.

Weekly Electromobility News

BMW i3 Lease as Low as $159/mo; World’s Largest Fuel Cell Carsharing Coming Online; Chevy Bolt Autonomous Driving Test Expands to Arizona

 

BMW i3 Lease as Low as $159/mo

According to BMW USA website, the lease offer is $159/mo and $199/mo for all-electric and range extended i3, respectively. The cash due at signing is $3,584 (all-electric) and $3,624 (range extended). The offer runs through Aug 31.

One note for Californians is that the Clean Vehicle Rebate is on a waiting list now. Nevertheless, it is pretty good deal for an electric BMW.

World’s Largest Fuel Cell Carsharing Coming Online

BeeZero carsharing service is ready to roll out in Munich. What is special is that BeeZero uses a fleet of 50 fuel cell cars – Hyundai ix35 Fuel Cell SUV. The car can drive 600 kilometers (or 370 miles) on a single hydrogen tank.

Registration is open already and the service will start on Aug 16th. It charges based on time (5.5 euros/hour) and distance (0.29 euros/km).

Chevy Bolt Autonomous Driving Test Expands to Arizona

According to Fortune, Cruise Automation is using Chevy Bolt to test self-driving in Scottsdale of Arizona. The company is also hiring an automated vehicle trainer to help “test and improve the performance of our driverless cars”. Autonomous driving test on Chevy Bolt is ongoing in San Francisco as well.

2017 Chevy Bolt does not have self-driving feature. However, GM and Lyft plan to test self-driving Bolt taxis on road in a year.

Weekly Electromobility News

Nissan Wants to Sell Its Stake in Batterymaker AESC; Tesla Released 2016 Q2 Financial Results; Straddling Electric Bus Took Road Demonstration in China

Nissan Wants to Sell Its Stake in Batterymaker AESC

According to Reuters, Sources indicated that Nissan was talking to companies including Panasonic regarding the possible transaction of its 51% stake in the batterymaker.

The Nissan/NEC joint venture supplies batteries to Nissan LEAF. It was reported that Nissan was switching to use batteries from LG Chem. Nissan’s alliance Renault uses LG Chem as well.

The scale of EV sales has not met expectation, which keeps battery cost high. Purchasing batteries from other suppliers would be lower cost.

Nissan commented that the talk of AESC transaction “is speculation, and is not based on any announcement by us”.

Tesla Released 2016 Q2 Financial Results

The results were released on Wednesday. 18,345 cars were produced in Q2, a 43% increase from the same period of last year. The company is targeting 50,000 deliveries for the second half of the year.

Non-GAAP Q2 revenue was $1.6 billion, a 31% increase from the same period of last year. Non-GAAP loss was $150 million, or $1.06 per share, versus $0.59 loss per share expected by analysts.

Tesla expects a 30% increase in 2016 non-GAAP operating expenses and 2016 capital expenditures of about $2.25 billion, largely related to Model 3 production plan.

Straddling Electric Bus Took Road Demonstration in China

According to NY Times, the prototype bus drove on the street of Qinhugngdao in China on Aug 2. It is 72-ft long and 26-ft wide, and has open space as high as 16-ft at the bottom to allow vehicles to pass. The bus is made by Transit Elevated Bus.

A full bus in the future would be capable of carrying as many as 1,200 people on board. It is powered by electricity – either through intermittent charging at the stops or through power lines. The technology is intended to address traffic congestion and save energy.