23 Feb 2022 | VW Could Spinoff Porsche To Drive EV Plans

Episode 1384,   Feb 23, 2022, 05:00 PM

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On the podcast today:
• BMW i7 M70 could be the brand's flagship electric vehicle
• Electric car prices could be about to plummet
• China's Envision AESC To Make Batteries With 1,000 KM Of Range In 2024
• Water Challenge for Tesla Gigafactory Where Musk Mocked Supply Concern
• Lotus mulls IPO to fund electric cars as VW eyes a Porsche spin-out too
• China NEV sales drop 18.6% in January after subsidy cut
• Lucid Air prepares for its first recall for strut damper replacement
• Volkswagen Plans IPO of Porsche to Ignite EV Shift Momentum
• Biden wants to cut into China's electric battery dominance

Show #1384

Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Wednesday 23rd February. It’s Martyn Lee here and I go through every EV story so you don't have to.

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BMW I7 M70 COULD BE THE BRAND'S FLAGSHIP ELECTRIC VEHICLE

- In a few weeks, BMW will finally unveil the latest generation BMW 7 Series, and along with it, the first ever BMW i7 electric limousine. There is a lot riding on the success of the new 7 Series, and as you’d expect, it’s quite an important car for BMW.

- The luxury limousine has historically introduced new technology which eventually trickled down to other BMW models. So that trend is likely to continue with the G70 generation.

- a BMW i7 M70 makes a lot more sense than the previously reported i7 M60. And to further differentiate itself from the BMW iX M60, the rumored i7 M70 will likely have more power and range. The 2023 BMW iX M60 offers 610 hp and 811 lb-ft of torque, along with an estimated 280-mile range. So we expect a BMW i7 M70 to offer at least 630-640 horsepower and a similar, if not better, electric range.


2023 BMW I7 TEASED DURING ACOUSTIC TESTING AHEAD OF WORLD PREMIERE

- A fully electric car gives automakers a bit more headaches in terms of noise insulation. With no combustion engine to cancel wind and tire noises, you begin to hear more unwanted sounds. That's obviously not acceptable for a fullsize premium sedan, which is why BMW is going the extra mile to make the cabin of its next-generation 7 Series a veritable luxury cocoon.

- With the i7, BMW has acoustically optimized the electric drivetrain by developing a bespoke mount for the electric motors. These have a specific noise encapsulation to guarantee a silent operation, enhanced by installing a foam absorber in the tires. Body rigidity at the front is also up compared to previous 7 Series generations, while the flush door handles diminish wind noise.

- the 2023 BMW i7 will have aero-optimized side mirror caps (why not cameras though?) and a nearly closed underbody.


2022 BMW I7 M50 ELECTRIC LIMO TO OFFER ALMOST 400 MILES OF RANGE

- BMW is gearing up to launch the BMW i7, which will become a new rival for the likes of the new Mercedes EQS and the stalwart Tesla Model S when it goes on sale at the end of 2022.

- We expect the i7 to be offered with both the 71kWh and 105.2kWh battery packs from the BMW iX

- Thanks to slipperier aerodynamics, the range-topping i7’s lower power consumption should provide a range of nearly 400 miles, despite using the same dual motor system found in the iX xDrive50.

- The i7 prototype in BMW’s official shots is still heavily camouflaged, so there’s nothing new to glean on the design front. The car’s shape is more that of a traditional three-box saloon than the ultra-curvy, hatchback-style EQS. A long bonnet and high shoulder line combines with a low nose, while the rear follows the classic large saloon format.

- The i7 will be based on BMW’s modular CLAR platform and powered by its fifth-generation eDrive technology, which also appears in the new i4 saloon and iX. Using this EV drive system should dramatically reduce production times, because it groups the electric motor, transmission and electronics into a single unit.


ELECTRIC CAR PRICES COULD BE ABOUT TO PLUMMET

- Battery electric vehicle (EV) prices have already fallen dramatically and are expected to reach parity with petrol or diesel cars between 2025 and 2027 - and be cheaper very soon after.

- The price drop is partly due to advancements in the batteries, set to tumble further still, as well as carmakers producing more mass market cars.

- In 2019 many electric cars were bought up by commercial fleets - taxi or car hire companies or those with company cars - after the government offered tax breaks for EVs.

- These companies tend to sell off those vehicles after two to three years, so those are about to enter the second-hand market.And Britain loves to buy second-hand cars. Last year around 7.5 million used cars changed hands, compared with two million new ones.


CHINA'S ENVISION AESC TO MAKE BATTERIES WITH 1,000 KM OF RANGE IN 2024

- Chinese battery producer Envision AESC Group expects to start building batteries capable of giving EVs a range of at least 1,000 km (620 miles) in 2024.

- Envision currently supplies its lithium-ion battery packs to Nissan where they are used in the Leaf. It is understood that battery developments will allow it to pack the cells closer together. It will also work to improve storage efficiency in order to reduce charging times by around 30 per cent to less than 20 minutes. Envision is also set to double the number of battery cells in each car which increases range but also makes vehicles heavier.

- Nikkei Asia reports that Envision will establish a new plant in Ibaraki Prefecture near Tokyo that will produce the new batteries.


WATER CHALLENGE FOR TESLA GIGAFACTORY WHERE MUSK MOCKED SUPPLY CONCERN

CHINA NEV SALES DROP 18.6% IN JANUARY AFTER SUBSIDY CUT

LUCID AIR PREPARES FOR ITS FIRST RECALL FOR STRUT DAMPER REPLACEMENT

VOLKSWAGEN PLANS IPO OF PORSCHE TO IGNITE EV SHIFT MOMENTUM

BIDEN WANTS TO CUT INTO CHINA'S ELECTRIC BATTERY DOMINANCE

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