02 May 2019 | Hyundai Ioniq Electric Upgraded 38kWh Battery, Tesla Seeks Capital Range and Nissand Bumps Up Price of LEAF

Hyundai Ioniq Electric With Upgraded 38.3-Kwh Battery | Tesla Is Not Allowing Range Upgrade On New 150 Km Model 3 In Canada | Tesla Seeks Capital Raise Of Over $2 Billion | The E-Golf. Zero Emission And Now 0% Pcp | Nissan Bumps Up Leaf Base Price In Uk | Williams Advanced Engineering To Design And Supply Bespoke Batteries For Extreme E

Show #461

 

Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Thursday 2nd May 2019. It’s Martyn Lee here and I’ve been through every EV story I could find today to save you time.

 

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.

 

HYUNDAI IONIQ ELECTRIC WITH UPGRADED 38.3-KWH BATTERY

• "The new Hyundai IONIQ family is finally unveiled with updated hybrid, plug-in hybrid and electric versions. Let’s see some highlights about the one that matters, the electric. I really like the new Hyundai IONIQ Electric and I think that more range with a lower charging rate at DC fast chargers is a good trade-off, especially considering that the on-board charger was upgraded. Higher range gives us more freedom to avoid expensive and overcrowded DC fast chargers and charge at home – where charging is more convenient and a lot cheaper." says Pedro at PushEVs.

 

• "The new IONIQ Electric’s battery has been upgraded from 28 kWh to 38.3 kWh, meaning drivers can go even further between charges. It boasts 36% additional energy storage capacity, offering a total of 294 kms of range (internal target under WLTP regulations). Its e-motor delivers a maximum power of 136 PS and 295 Nm of torque and is fitted standard with a 7.2-kW on-board charger – an upgrade from current 6.6-kW – for Type 2 AC charging. Using a 100-kW fast-charging station, the battery can reach 80% charge in as little as 54 minutes. As well as the new convenience features, the new IONIQ’s reimagined interior incorporates new design factors to enhance its sophisticated image. In addition to standard black seat trims, customers have the option of four leather seat colours: Black, Gray two-tone, Red Umber (exclusive for hybrid and plug-in) and Electric Shadow (exclusive to electric version). Meanwhile, the dashboard garnish arrives in Dark Chrome Accent."

 

• "The new IONIQ’s leading safety package includes Front Collision Warning and Avoidance Assist with Pedestrian Detection with new Cyclist Detection ability and Driver Attention Warning. Lane Keeping Assist and High Beam Assist also come standard. Optionally available as well are Lane Following Assist which keeps the car in the middle of a lane so drivers can navigate safely even in heavy traffic during rush hour, and Intelligent Speed Limit Warning that uses the front camera and information from the navigation system to identify road speed signs and displays the speed limit and no-passing signs in real time. Using the radar sensor to detect the distance from the car in front, Smart Cruise Control with Stop&Go and Leading Vehicle Departure Alert maintains a preset distance to automatically stop and depart again according to traffic conditions. Additional options include Blind-Spot Collision Warning and Rear Cross-Traffic Collision Warning. Taking a cue from its similarly innovative Kona Electric sibling, as a maximum use of regenerative braking technology, the new IONIQ Electric adopts 1-pedal driving capability, which allows drivers to stop the car by simply holding onto the left paddle shift lever with often no need to engage the braking pedal. Working thus via Smart Regenerative Braking, the level of energy recuperation is automatically adjusted depending on the road incline and traffic situation in front when coasting. The new IONIQ Electric also features Eco+, which supplements the standard Eco, Comfort and Sport driving modes. By selecting the Eco+ mode, drivers reduce their energy consumption and the car’s remaining energy can be extended during unforeseeable emergency situations."

 

https://pushevs.com/2019/05/02/new-hyundai-ioniq-family/

 

TESLA IS NOT ALLOWING RANGE UPGRADE ON NEW 150 KM MODEL 3 IN CANADA

• "Tesla launched a new, cheaper Model 3 with 150km range in Canada to get access to the new $5,000 federal incentive, but we’re now learning that the company is not offering any range upgrade on that new version of the Model 3 — effectively making the vehicle unsellable." says Fred at Electrek.

 

• “To be eligible for incentives, a vehicle must have a base-model manufacturer’s suggested retail price of less than $45,000 for passenger vehicles with six or fewer seats, and less than $55,000 for vehicles with seven or more seats. For eligible vehicles with six or fewer seats, higher priced versions (trims) are eligible as long as the final manufacturer’s suggested retail price is $55,000 or less.”

 

• "It disqualified Tesla’s vehicles from being eligible to the incentive because the base Model 3, which is only available as an “off-the-menu item”, starts at $47,000. In response earlier this week, Tesla has lowered the price of the vehicle to $44,999 in Canada, but it also software-locked the vehicle to only 150 km (93 miles) of range. Tesla has done that in the past, but the automaker offered to unlock the range as an option for a cost similar to the original cost before the range decrease. Buyers in Canada reached out to us saying that Tesla salespeople were saying that they were not aware of any such upgrade in this case. We contacted a Tesla spokesperson about the situation and the automaker confirmed that they are not offering any range upgrade through a software update for the base version at $45,000."

 

https://electrek.co/2019/05/02/tesla-model-3-range-upgrade-canada/

 

TESLA SEEKS CAPITAL RAISE OF OVER $2 BILLION

• "Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a “Spartan diet” and easing Wall Street concerns about the money-losing company’s ability to overcome a drop in sales and build new product lines." reports Reuters: "Before Tesla’s announcement on Thursday, however, analysts speculating about a capital raise had cautioned that the company had missed optimal timing - last year’s third quarter, when the company posted a profit. Tesla has reported four profitable quarters since it went public in June 2010."

 

• "Tesla needs some $2 billion of additional capital to finance its expansions after the huge $700 million in losses in the first quarter. Funds will be raised in two ways:
• issues of new shares - up to $650 million (+15% option for underwriters)
• issues of new debt - up to $1,350 million (+ 15% option for underwriters)
• Total up to $2 billion ($2.3 billion including 15% option for underwriters)"

 

• "Tesla has 2.2 billion of cash and equivalent, which is great but not enough to continue rapid expansion. Besides the new Gigafactory 3 in China, the company needs to launch the Model Y and more products after that. Capital expenditures plan is:

 

• 2019: $2-2.5 billion
• 2020: $2.5-3 billion
• 2021: $2.5-3 billion"

 

THE E-GOLF. ZERO EMISSION AND NOW 0% PCP

• "Volkswagen’s e-Golf is now available, for a limited period only, with 0% PCP Finance, making this car more affordable and more accessible than ever before. Plus, customers wishing to move into the new Volkswagen ID. will be able to do so easily, thanks to a special new 2-year PCP solution." reports The Avondhu: "The e-Golf starts from €35,995 after Government incentives and now with 0% PCP starts from as little as €349 per month. The e-Golf Executive Edition offers the ‘ultimate e-Golf’ and costs from €39,495 or with 0% PCP from as little as €379 per month."

 

https://avondhupress.ie/the-e-golf-zero-emission-and-now-0-pcp/

 

NISSAN BUMPS UP LEAF BASE PRICE IN UK

• "Despite competing in a tough new car market, Nissan thinks it deserves to give its still-fresh Leaf a price hike in the UK. A Nissan official told Autocar this week the price change is due to, "market demands and other influences, such as inflation and cost base." Considering the company's Sunderland plant supplies the Leaf to the UK and surrounding countries, those "other influences" sound like they could be related to uncertainty of Britain's exit from the European Union – and uncertainty as to how long the " according to Za at InsideEVs.com: "The Leaf's base price jumps to £27,995, up £1,805, even after the government subsidy of £3,500. That's in a class that includes the likes of the Volkswagen e-Golf and Hyundai Ioniq Electric, and it's for the base model rated at 168 miles of range in the UK. However, the Leaf e+ (Leaf Plus in the U.S.) is now in full production for the UK and boasts much more standard equipment and 239 miles of range, which is more competitive with the likes of the Kia e-Niro."

 

WILLIAMS ADVANCED ENGINEERING TO DESIGN AND SUPPLY BESPOKE BATTERIES FOR EXTREME E

• Extreme E announced Wednesday a new partnership with Williams Advanced Engineering, to supply batteries for the newly-launched electric SUV off-road racing series – set to commence on its first voyage in January 2021.
• The batteries will be specially-designed and developed by Williams, plugging into the expertise and experience of the same minds who assembled the batteries and cells for the first four seasons of the ABB FIA Formula E Championship.
• Made to withstand extreme environments, conditions and terrains, the batteries will be compatible with Formula E-specification motors and produce a maximum power output of 470 kW (equivalent to approx. 630 bhp).
• Williams will put batteries into production, ready to provide teams with identical 54 kWh battery packs – to be used in the first two seasons of Extreme E.

 

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