05 Feb 2019 | VW To Use Tesla Batteries, Panasonic’s Tesla Partnership Finally Profitable and 8% EV Share In China
Volkswagen's Electrify America Buys Tesla Devices For Ev Charging Stations | Tesla Buying Maxwell, Could Signal Move To Solid State Battery | Panasonic Cuts Profit Outlook On Slowing China Demand; Tesla Business A Bright Spot | 8% Plug-In Electric Vehicle Market Share In China! | 2020 Peugeot 208 Ev Spied Cold-Weather Testing | Mobile Metering: Honda Buys Into Ubitricity
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Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Tuesday 5th February 2019. It’s Martyn Lee here and I’ve been through every EV story I can find today, and picked out the ones I think you need to know about.
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.
VOLKSWAGEN'S ELECTRIFY AMERICA BUYS TESLA DEVICES FOR EV CHARGING STATIONS
- Reuters: "Volkswagen AG unit Electrify America said on Monday it will install Tesla Inc battery storage packs at more than 100 charging stations across the United States to keep costs down for drivers charging electric vehicles. Tesla Powerpack battery systems draw power from the grid during off-peak hours and store it for use during peak hours to avoid or reduce demand charges. Electrify America will install most of its battery packs in areas of the United States where there is a higher concentration of electric vehicle owners, particularly on the West Coast and the Northeast."
- Bloomberg: "The 210-kilowatt battery systems will each have about 350 kilowatt-hours of capacity. Terms of the deal weren’t disclosed and a Tesla spokesman declined to comment.
- TechCrunch: "The company will begin the next phase of installations this summer. Electrify America’s bet on Tesla battery systems illustrates the deep need for electric vehicle charging infrastructure that is low cost, easy to access and as fast as possible. It’s not enough to simply dot highways and urban areas with public chargers. The deal also represents a small, yet possibly fruitful area for Tesla as it tries to grow its energy storage business."
- Inverse: "Tesla develops the Powerpack for use with renewable energy sources like wind and solar, enabling buyers to store power and distribute when needed. The firm’s biggest installation to date is the 100-megawatt facility in Hornsdale, South Australia, used to help the renewables-dependent state avoid blackouts. Other consumers include the Manchester Science Park, using the batteries to create an “energy island,” and the Netherlands’ LomboXNet charging facility that uses solar energy to power electric cars."
TESLA BUYING MAXWELL, COULD SIGNAL MOVE TO SOLID STATE BATTERY
- "Tesla is buying up Maxwell Technologies. In a deal expected to be finalized in the second quarter of 2019, the California automaker has offered $4.75 per share for the company. That’s a healthy 55-percent increase above the energy storage technology company’s share price of $3.07 at Friday’s market closing. The transaction is said to take the form of a stock swap and received unanimous approval from the Maxwell board." reports Domenick at InsideEVs: "Maxwell is mostly known for its ultracapacitors, which are used by other automakers. Indeed, Volvo’s Chinese parent company Geely partnered with the firm to use the energy storage devices in five of its hybrid products. But does that mean Tesla has picked them up for that particular technology? Maybe, but it should be noted that Maxwell, which has a footprint in Germany, South Korea, China, as well as the United States, has other tech that makes it valuable."
- Tesla told Electrek: "“We are always looking for potential acquisitions that make sense for the business and support Tesla’s mission to accelerate the world’s transition to sustainable energy.”
- Electrek said: "The automaker might be more interested with Maxwell’s dry electrode technology that they have been hyping recently. Maxwell claims that its electrode enables an energy density of over 300 Wh/kg in current demonstration cells and they see a path to over 500 Wh/kg."
https://insideevs.com/tesla-buys-maxwell-technologies-solid-state/
https://electrek.co/2019/02/04/tesla-acquires-ultracapacitor-battery-manufacturer/
PANASONIC CUTS PROFIT OUTLOOK ON SLOWING CHINA DEMAND; TESLA BUSINESS A BRIGHT SPOT
- "Japan’s Panasonic Corp cut its annual profit outlook after disappointing quarterly earnings it blamed on a slowing Chinese economy hit by a trade war with the United States that hurt demand for auto components and factory equipment." reports Reuters: "China’s shrinking car market has crimped demand for automotive components, Panasonic said, while sales have also dropped for electronic devices used in air conditioners. The energy division, which includes its battery business with U.S. electric car maker Tesla Inc, provided some good news in a bleak quarter, posting its first operating profit in three quarters."
8% PLUG-IN ELECTRIC VEHICLE MARKET SHARE IN CHINA!
- From Jose Pontes at CleanTechnica "After a 3 month streak of record-breaking sales, plug-in electric vehicles (PEVs) in December just kept on pushing forward. China registered over 180,000 PEVs in December, making it the 4th record month in a row and achieving 70% year-over-year (YoY) growth. That meant that 2018 sales ended north of the 1 million units mark. Yes, over 1 million PEVs in one year. And to think that 2017 was the first year that plug-ins reached 1 million sales globally. The PEV market share hit yet another all-time best, ending the month with 8% share. The 2018 PEV market share ended at a record 4.2% share, double the share of 2017."
https://cleantechnica.com/2019/02/03/8-plug-in-electric-vehicle-market-share-in-china/
2020 PEUGEOT 208 EV SPIED COLD-WEATHER TESTING
- "Following the reveal of the all-new Clio, Groupe PSA is feeling the pressure from the Renault-Nissan-Mitsubishi alliance for new, world-class products. The French part of the alliance won’t have it easy once Peugeot comes out with the all-new 208, which shares the CMP with the Opel Corsa." according to AutoEvolution: "Spied cold-weather testing in Scandinavia, the Peugeot looks similar to internal combustion-engined test mules. Styling is inspired from the 508, probably the coolest-looking sedan in the segment. The camera integrated into the rearview mirror enables Level 2 autonomous driving functions. By 2025, the French automaker plans to electrify 100 percent of its lineup, including Opel and Vauxhall."
https://www.autoevolution.com/news/2020-peugeot-208-ev-spied-cold-weather-testing-132148.html
MOBILE METERING: HONDA BUYS INTO UBITRICITY
- "Honda has acquired a significant stake in the Berlin-based company Ubitricity as part of a new financing round. The Japanese automobile manufacturer may have far-reaching plans with Ubitricity’s mobile metering technology." says an Electrive report: "electrive was able to glean the information about Honda’s participation in the Berlin-based company specializing in mobile electricity meters that for example turn street lamps into charging posts. Now a short announcement from deutsche-startups.de (based on the changes in the commercial register) confirms the Japanese manufacturer’s investment.Honda’s first fully electric model for the European market, the Urban EV, will probably go on sale in 2020. However, a near-series version will be on display at the Geneva Motor Show in March, and the production model will celebrate its premiere at the IAA in September."
https://www.electrive.com/2019/02/02/mobile-metering-honda-buys-into-ubitricity/
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