Weekly Electromobility News

2017 Karma Revero Available Now With the Second Highest Starting MSRP Among Electric Cars; VW to Launch e-load up! Electric Van This Month; National Drive Electric Week Kicks Off on September 10


2017 Karma Revero Available Now With the Second Highest Starting MSRP Among Electric Cars

According to Autoblog, Karma Revero was launched on Sept. 8th. It is a luxury plug-in hybrid sedan, built upon the previous Fisker Karma model. The MSRP starts at $130,000, next to the starting MSRP of BMW i8 at $140,700.

For Karma Revero, the electro-range is 50 miles and the total range is 300 miles. The car can accommodate 4 people. Karma Revero has two industry firsts – A solar roof that can generate 1 mile of energy per day, and a hand-painted badge that makes each car unique.

The car can be ordered now at Karma dealership. Online order will be available by the end of this month.

VW to Launch e-load up! Electric Van This Month

According to Reuters, VW will present the e-load up! Electric micro van this month during the Hanover trucks show. The van is targeting small business owners who use this type of vehicles for daily work. Eckhard Scholz, head of the company’s commercial vehicle unit, did express concerns over the lack of incentives from potential customers.

The concept of e-load up! was unveiled 3 years ago. VW also showed its BUDD-e electric minivan concept in January this year.

National Drive Electric Week Kicks Off on September 10

This year, there are 231 events on electric vehicles during the week of Sept. 10-18. The majority of them are in the US, but some also are in Canada, Denmark, China, Croatia, Italy and New Zealand. These events include test drive, exhibition, parade etc. A lot of EV owners are part of the events as well.

The National Drive Electric Week started in 2011 as National Plug In Day, with 29 participating cities that year. It grows fast ever since and has turned into an international celebration apparently.

The information regarding the National Drive Electric Week and this year’s events can be found at the official website.

Weekly Electromobility News

2016 e-Golf Leasing at $49/month; Audi Team To Race Formula E Series in 2017; Audi A9 e-tron Luxury Electric Sedan Expected by 2020


2016 e-Golf Leasing at $49/month

According to VW dealer Winn Volkswagen in California, the current lease offer for 2016 e-Golf SE is as low as $49/month for 36 months. Mileage restriction is 7,500 miles per year. The amount due at signing is quite high though – at $5,299. The state’s $2,500 Clean Vehicle rebate is on waiting list now. The lease offer ends on Sept. 6th.

Audi Team To Race Formula E Series in 2017

According to Fortune, Audi announced that it would form its factory Formula E team and race in the 2017-2018 season.

Formula E is the “electric car version” of Formula 1.  The series debuted in 2014 and the 2016-2017 season will kick off on Oct 9 in Hong Kong. Currently there are 10 racing teams, including Audi-sponsord ABT Schaeffler, and first-timer Jaguar and Faraday Future.

Audi A9 e-tron Luxury Electric Sedan Expected by 2020

According to Autocar, this A9 luxury electric sedan has been approved for production by the company. The car will have an electro-range of 500 km (311 miles), 11kW wireless charging capability and level 4 autonomous driving. The tuning of the drive management system on 4-wheel drive makes Audi EVs unique from other electric cars. A9 is considered to compete with Tesla Model S directly.

Three EVs will be made available by Audi by 2020 – A3 e-tron, Q6 e-tron and Q9 e-tron. Furthermore, by 2025, 25% of Audi models will be “battery-driven”.

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

Total Electric Car Sales Exceed 200,000 in California

California Plug-in Electric Vehicle Collaborative (PEVC) data revealed that in April, cumulative sales (since 2011) of cars with a plug have reached 202,744, of which 6,296 units were added in the month. Nation-wide, April sales are 12,109 units and total sales since 2011 have become 440,924 units.

Based on data from EV Obsession, Models exceeding 1,000 sales in April in the US include: Tesla Model S all-electric (2,000 units); Chevrolet Volt plug-in hybrid (1,865 units), Nissan LEAF all-electric (1,246 units), Ford Fusion Energy plug-in hybrid (1,238 units) and Tesla Model X all-electric (1,200 units).

Mitsubishi Outlander Plug-in Hybrid Joins 100,000-sales Club for Electric Cars

According to Hybrid Cars, Mitsubishi Outlander plug-in hybrid has sold 101,900 units through March this year. Nissan LEAF, Tesla Model S and Chevrolet Volt (including Opel/Vauxhall Ampera and Holden Volt) have achieved the same milestone already – 218,000, 120,000 and 110,000 respectively.

The car has a 12-kWh battery pack and can run 32.5 miles on electric. US sales will start later this year.

Tesla Motors Releases Q1/2016 Shareholder Letter

The update released on May 4th indicated that the company plans to expand to 500,000 units per year in 2018, two years ahead of the previous schedule. Q1 non-GAAP net loss was $0.57 per share and Q1 GAAP net loss was $2.13 per share.

The new production expansion goal is doubted by Wall Street. AutoNation Chairman and CEO Mike Jackson calls it “mission impossible”.

Moreover, Reuters reported that Greg Reichow – Tesla’s vice president of production, and Josh Ensign – Tesla’s vice president of manufacturing, have left Tesla.

Fuel Cell Vehicles Forecast to See Annual Production of over 70,000 Units by 2027

IHS Automotive released the report forecasting over 70,000 hydrogen fuel cell vehicles produced annually by 2027. Between now and then, 17 models powered by a fuel cell will be made available. OEMs in Japan and Korea are the major players in the market for now. European carmakers will take the lead by 2021. 70,000 will represent lower than 0.1% of total car sales by then.

Earlier, The Asahi Shimbun reported that Toyota is working on a mass-production version of its Mirai fuel cell car with less cost, around $50,000-$55,000 before government incentives. The company targets 2019 to start delivery.

Adoption of Electric Cars Decreases the Demand for Platinum

Bloomberg analyzed that as the car industry is switching to the electric, world demand for platinum will decline significantly. In 2015, about 42% of the metal went into cars, mainly as a catalyst to control emissions. Electric cars are eliminating tailpipes, thus the need for platinum.

Interestingly, platinum may see a new opportunity with fuel cell vehicles. In current fuel cell technologies, platinum is a key component to use hydrogen and oxygen to generate electricity.