Tesla Raises Prices (Again) Of Various S, 3, X & Y Models | 24 Oct 2021

Show #1254

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Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Sunday 24th October. It’s Martyn Lee here and I go through every EV story so you don't have to.

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"The US investment firm BlackRock is to lead a capital increase of 750 million euros by the Ionity joint venture, which intends to use the money to expand further its high power charging network, German media reports. There is also an indication of the next expansion stage." says electrive: "Manager Magazin refers to people involved saying BlackRock itself would invest 500 million euros as part of the capital increase. According to the report, the remaining 250 million euros would come from Ionity’s existing owners, i.e. Audi and Porsche from the VW Group, Daimler, BMW, Ford and Hyundai-Kia. The capital increase would value Ionity at 2.25 billion euros. The US investor would thus have a 22 per cent stake in the charging joint venture. However, Ionity has not confirmed the capital increase or BlackRock’s investment. The fact that Ionity is looking for external investors has been apparent since last winter. As the carmakers involved wanted to accelerate the expensive HPC expansion, they aimed to attract private equity capital. "

Read more: https://www.electrive.com/2021/10/21/blackrock-to-pump-half-a-billion-euros-into-high-power-charging/

"Daimler officially started operations of its new “R&D Tech Center China” in Beijing. With an investment of 1.1 billion RMB (US$172 million), the company is further strengthening its R&D footprint and technological capabilities in the world’s biggest car market. The fully-fledged R&D center focuses on major technological trends, tailor-made innovation and significantly accelerating Daimler’s local product development." according to Green Car Congress: "The eDrive lab is equipped with two test chambers that can simulate a temperature range of -30 ˚C to +50 ˚C. The two sets of 4-wheel dynamometers can test whole electric vehicles, components or real battery pack tests. By adjusting the roller force and using big data applications, the intelligent test bench can simulate real driving conditions such as air resistance or different topographies. This allows comprehensive testing of next-generation electric vehicles at an early stage, under extreme conditions and throughout the year. The new eDrive lab also sets benchmarks in terms of sustainability and energy conservation: It is able to recuperate the energy of the tested vehicle back into the electric grid, which reduces the overall energy consumption significantly."

Read more: https://www.greencarcongress.com/2021/10/20211022-daimler.html

"Tesla Giga Berlin will have to delay the start of Model Y production just a little more. Brandenburg’s State Office for the Environment decided to repeat the discussion procedure for Tesla’s final permit." says Teslarati: "Tesla Giga Berlin will likely be delayed for another month as a result of these developments. Another round of discussions about the company’s final permit approval will start on November 2, 2021. According to Brandenburg’s Ministry of the Environment, the State Office of the Environment thought it would be best to repeat the procedure to ensure that Tesla’s final permit is legally sound. At the recent TSLA earnings call, Tesla CFO Zack Kirkhorn stated that the company still aims to produce some cars in Giga Berlin and Giga Texas by the end of the year."

Read more: https://www.teslarati.com/tesla-giga-berlin-delayed-again/

"Tesla Inc (TSLA.O) has increased the price of its Model X Long Range and Model S Long Range variants by $5,000, the electric-car maker's website showed on Saturday. The Model X Long Range and Model S Long Range now sell for $104,990 and $94,990 respectively." says Retuers today.

Read more: https://www.reuters.com/business/autos-transportation/tesla-hikes-price-model-x-model-s-variants-by-5000-2021-10-23/

"Tesla is increasing prices for the base versions of the Model 3 and Model Y base prices, the second time this month alone. A few weeks ago, Tesla increased Model 3 and Model Y prices across the entire lineup, but the Model 3 Standard Range Plus Model Y Long Range was particularly affected by a $2,000 price increase." says electrek: "In an overnight update to its online configurator in the US today, Tesla increased the price of the Model 3 Standard Range Plus by $2,000. Tesla Model 3 Standard Range Plus: price went from $41,990 to $43,990. Like Model 3, the cheapest version of Model Y got a $2,000 price increase and the performance version a $1,000 price increase. Tesla Model Y Long Range Dual Motor: price went from $54,990 to $56,990"

The cars are also showing as September 2022 delivery.

Read more: https://electrek.co/2021/10/22/tesla-hikes-model-3-model-y-prices-again-deliveries-slip/

"German solar car firm Sono Motors on Friday filed for a U.S. initial public offering (IPO), looking to cash in on investor demand as governments worldwide push for a shift to greener transport. Reuters reported in March that Sono is exploring a U.S. stock market listing that may value the company at more than $1 billion, citing people close to the matter." writes Investing.com: "Sono was founded in 2016 by four friends from a small garage in Munich, and is developing the Sion, a fully-electric vehicle that has solar cells integrated into its bodywork. The car has a range of up to 305 kilometers (189.52 miles) and can be charged via solar power or from conventional power outlets. It intends to begin delivering the cars in the first half of 2023, the company said in its filing. Sono reported more than 14,000 reservations with advance payments. These reservations correspond to a net sales volume of about 300 million euros."

Read more: https://uk.investing.com/news/stock-market-news/german-solar-car-firm-sono-motors-files-for-us-ipo-2491348

"The Mercedes-Benz EQC electric compact crossover will arrive in the United States after all, albeit in next-generation guise. The launch will happen by mid-decade, when it will be joined by a battery-powered C-Class sedan, the automaker told dealers this month according to Automotive News." says InsideEVs:  "Initially, the current iteration of the EQC was supposed to spearhead the launch of the Mercedes EQ sub-brand in the US in early 2020. However, after delaying the launch by a year, the automaker canceled plans to bring the EQC stateside.  Meanwhile, Mercedes-Benz has launched the EQS electric flagship in the US, but dealers are waiting for a GLC-sized electric crossover because that’s where the big money is. The gas-powered Mercedes-Benz GLC was the brand’s second best-selling model in the US in the first nine months of the year.  Mercedes US dealers’ wishes will be granted, albeit in 2025, when the second-generation EQC will arrive as part of a fleet of electric vehicles Mercedes is launching in the US as it shifts toward an all-electric lineup. "

POOR EV TAKE-UP TO COST AUSTRALIA’S HEALTH SYSTEM $1TN BY 2050, MODELLING SHOWS "Australia may be left with almost a $1tn health bill by 2050 if it doesn’t boost the take-up of electric vehicles, according to a new report released on Sunday. But this could be slashed in half by setting an ambitious target to convert every car in the country to electric by 2035." reports The Guardian: "The modelling was released by the Australian Conservation Foundation (ACF), which commissioned accounting firm Deloitte to examine the community benefit from increasing the uptake of electric vehicles (EVs).  Petrol cars contribute heavily to air, noise and water pollution through the particles emitted from the exhaust and through the waste grease, oil and rubber needed to run them. By contrast, electric vehicles have fewer components and more efficient motors. As this pollution leads to illness, the cost ends up being borne by the health system."

The measurement of inaction.

"China’s leading EV assemblers like NIO and Xpeng are now in a race for supremacy in the future of mobility, buoyed by Beijing’s ambitions of turning the country into a global leader by 2025.  China maintains its dominance in terms of the operating and production capacity of EV batteries." says the South China MOrning Post in teh second of a series on battery tech: "CATL is developing a new sodium-ion battery which uses cheaper raw materials. The company claims to offer EV makers an alternative to existing technologies that use cobalt as the main ingredient.  The new technology enables the prototype battery pack to have an energy storage capacity of 160Wh per kg, and the next-generation product’s density is expected to exceed 200Wh per kg, according to Robin Zeng Yuqun, founder and chairman of CATL. He admitted that the new technology would have lower energy density. But he said it has several advantages over LFP, which include low-temperature performance and high charging speed."

When buying a used electric car, how do you feel about servicing? Do you want the previous person to have been back to a dealer every year? Do you care? Some manufacturers like Tesla don’t even have a service schedule so how do you feel about buying a used EV and it’s service history, or lack of.

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