01 June 2020 | Rivian’s own Supercharger-style network
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
Show #796
Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Monday 1st June 2020. It’s Martyn Lee here and I go through every EV story so you don't have to.
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100KW CHARGING SPEED FOR PEUGEOT E-208 CONFIRMED IN TESTS
"Am watching @BjornNyland testing a Peugeot e-208 on a 1000km challenge and, at 11% state of charge, it's currently at 99.8kW charge speed. That's quick compared to it's competition (Zoe 50, MG ZS, IONIQ). Water cooled battery pack, heat pump too, they've done well with it. Isn't it the same chassis as DS 3 Crossback E-Tense and Vauxhall/Opel Corsa-E? All three certainly have exactly the same specs, 50kWh pack with 100kW charging (7kW onboard, optional 11kW).
Although somehow the Pug and DS are 0-60 in 8.7 secs, but the Corsa is 7.6 secs. Hmm. They all have the same 100kW/136hp motor. For a quick splash & dash, the Peugeot will beat the Renault IF you can find a 150kW charger. But the charge curves, when going all the way >90%, Zoe will keep taking 30kW+ whilst the e-208 seems to go down to single figures, so the Zoe starts to 'catch up' (if that makes sense)."
ELECTRIC VEHICLE SALES ARE PREDICTED TO SURGE IN 2021
"A new report by Cairn Energy Research Advisors, a research firm focused on the battery and EV industries, predicts a surge in electric vehicle sales in 2021 as countries around the world push new programs to encourage consumers to buy battery powered vehicles. Cairn estimates global sales of EVs in 2021 will jump 36% and top 3 million vehicles for the first time ever." says CNBC Markets: "Production of electric vehicles is estimated to climb to at least 1.3 million and could reach 1.5 million depending on market conditions this year, according to Bernstein analyst Mark Newman. Wedbush analyst Dan Ives raised his price target for Tesla from $600 to $800 saying, "we continue to believe EV demand in China is starting to accelerate with Tesla competing with a number of domestic and international competitors for this market share. Meanwhile, Cairn Energy Research predicts the biggest growth in EV sales next year will happen in Europe, mainly because governments in the EU are committed to lowering carbon dioxide emissions. That commitment is pushing countries like France to roll out new incentives to convince residents to buy electric cars. In announcing a new bonus for people to buy an electric car, France President Emmanuel Macron said he wanted France to become the top producer in Europe of clean vehicles. While the Tesla Model 3 and Model Y are likely to get the lions share of mass market sales, there are several new models including the Ford Mustang Mach-E and General Motor's Hummer EV SUV that will focus more attention on the electric market. In addition, several electric pickup trucks are scheduled to roll out by the end of 2021."
RIVIAN ENLISTS FORMER TESLA EMPLOYEES TO BUILD ITS OWN SUPERCHARGER-STYLE NETWORK
"It seems the Amazon-backed electric adventure vehicle startup Rivian is taking a leaf, and employees, out of the Tesla playbook before it launches its debut vehicles. Rivian has started work on its “adventure network,” its Tesla Supercharger rival, and its hired Carrington Bradley, Tesla’s former senior manager of charger deployment, to do it" says TheNextWeb: "Whilst at Tesla, Bradley was responsible for managing a team of project managers to “design, permit, and build” Supercharger locations. Under Bradley’s leadership, Tesla grew from building 50 to 150 Supercharger sites per year. The electric SUV startup has also hired Kit Ahuja — who was formerly a manager at Tesla — to be director of the Rivian Adventure Network. The company also recruited Sara Eslinger, formerly head of electric vehicle deployment at ride-share firm Lyft. It certainly looks like Rivian is getting ready to charge ahead, ahem, with its network. Having people with a successful track record in this year could be a boon for the startup."
GEELY'S POLESTAR PLANS CHINA SHOWROOM EXPANSION TO COMPETE WITH TESLA
"Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's locally made Model 3. Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world's biggest auto and EV market, as they line up new model launches" according to ChannelNewsAsia: "Polestar, which plans to deliver Polestar 2 electric sedans in China from July, currently has one showroom, in the capital Beijing. It plans to have 20 showrooms, with most of them opening in the third quarter of this year. Unlike sales of cars through dealers that most traditional automakers rely on, Polestar will sell directly to customers. In China, Tesla has over 50 showrooms. Nio currently operates around 110 showrooms, with some of the properties belonging to partners. Xpeng plans to have over 200 outlets "
And there are hybrid versions in China like WM Motor, which has it's own Spaces to see the cars, and then partners who look after Sales, delivery and services."
BUFFETT-BACKED BYD TO SUPPLY EV BATTERIES TO FORD
"Chinese electric vehicle (EV) maker BYD Co Ltd (002594.SZ), (1211.HK) will supply EV batteries to U.S. automaker Ford Motor Co (F.N), a document on the website of the Ministry of Industry and Information Technology showed on Monday. Ford’s China venture with Changan Automobile (000625.SZ) is seeking government approval to build a plug-in hybrid model equipped with BYD’s batteries, according to the document." writes Reuters today: "This marks BYD’s first-known battery supply deal with a major global automaker. Shenzhen-based BYD, which is backed by U.S. investor Warren Buffett, said it would supply EV components including batteries and power management devices."
RENAULT, NISSAN AND MITSUBISHI EVS AND PHEVS SHARE UPPER BODIES
"The companies said they would share "upper bodies" of same segment cars besides platforms. Would that mean all EVs and PHEVs would look the same? Renault sells Dacia cars in Latin America with its diamond-shaped logo. The Nissan Aprio is nothing more than a badge-engineered first-generation Dacia Logan. The intention with the upper bodies was not to have to redo everything from company to company. There are things clients do not see, and that can be common, something Delbos names as "first upper body." Unfortunately, she did not detail what this structure would be." says InsideEVs: "It is a step further than the Common Module Families (CMF) strategy. If the three carmakers can share the platforms and the first upper body, they can have savings of up to 40 percent. each company will have its own teams working on the first upper body and on what she called "sister upper bodies" – the part that would ensure each car would look like a proper Renault, Nissan, or Mitsubishi. The interim CEO – who is waiting for Luca de Meo to take the helm on July 1 – also wishes that all the same-segment cars from the three companies can be produced in the same factory. That will lower idle capacity and allow for plant closure, another cost-cutting measure. Renault wants to save €2 billion and will fire 15,000 people. That means that the Nissan Ariya will probably already be developed to allow for a Renault and Mitsubishi derivatives. The PHEV vehicles from Renault could also present Nissan options. The Captur PHEV could help a Juke PHEV to be sold in the future, for example. The future Mitsubishi Outlander PHEV could be the basis for a new Renault Kadjar, even if we believe the Nissan Qashqai will lead the pack."
https://insideevs.com/news/426271/will-renault-nissan-mitsubishi-evs-look-alike/
TESLA STOCK REELS IN $900 FOLLOWING ELON MUSK’S BIG SPACE ACHIEVEMENT
"At the time of writing, Tesla stock traded at $873.95. The surge in price could be attributed to projections that the electric vehicle sector will skyrocket in 2021 based on a new report by Cairn Energy Research Advisors. Musk’s success over the weekend with the newly-earned bonus and successful SpaceX launch may have attributed to the stock price increase as well. SpaceX became the first privatized company to successfully launch NASA astronauts into orbit." reports Teslarati. From the comments: "Space X and Tesla) are two different companies in different market segments but human nature being what it is, will (and have) draw a connection between the successful launch of the Crew Dragon to the ISS and the value of the car company. Had it been the other way around and the launch had failed, I have no doubt that the people who are anti-Tesla would have had a "field day" with equating that event with Tesla's viability as a company."
QUESTION OF THE WEEK
Critics say EVs are on the for the rich, so what do you view as ‘affordable’ prices?
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