12 May 2022 | Ford F-150 Lighting Reviews Are Positive

May 12, 2022, 11:05 AM

➤ Ford sells shares in Rivian for $214m
➤ Rivian Has 90,000 Reservations But Can Only Make 25,000 This Year
➤ Ford F-150 Lightning First Drive Reviews
➤ Volkswagen to launch electric pick-up and SUV in U.S.
➤ U.S. EV registrations surge 60% in Q1
➤ California ZEV Program Surpasses 250,000 Incentives
➤ BMW i4 More Efficient Than Tesla Model 3
➤ Tesla ships first cars overseas since lockdown
➤ Australian Tesla Megapack Fire – Report
➤ Renault Boss Says Switching To EVs Could Hurt The Environment
➤ Hyundai to deploy Level 4 IONIQ 5 robotaxis in US
➤ Roush to manufacture for Bollinger
➤ Storedot Completes Live Demonstration Delivering 100 Miles In 5 Minutes
➤ Buttigieg Touts Electric Vehicles Spending as Gas Prices Spike
➤ Solar panels could be on all Europe's public buildings by 2025

Show #1463

Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily, you trusted source of EV information. It’s Thursday 12th May, it’s Martyn Lee here and I go through every EV story so you don't have to.

FORD SELLS SHARES IN EV MAKER RIVIAN FOR $214 MILLION BY REUTERS

- Ford Motor Co sold eight million shares of electric-car maker Rivian Automotive Inc for $214 million, or $26.80 apiece, the U.S. automaker said in a filing on Tuesday.

- Ford now holds nearly 94 million shares, or a 10.5% stake, and is still the fourth-largest shareholder in the Irvine, California-based company, according to Refinitiv data.

- Rivian shares have dropped nearly 21% since CNBC reported the sale over the weekend.

Original Source : https://www.investing.com/news/stock-market-news/ford-sells-shares-in-ev-maker-rivian-for-214-million-2822124

RIVIAN HAS 90,000 RESERVATIONS BUT CAN ONLY MAKE 25,000 THIS YEAR

- Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported a jump in reservations and a first-quarter loss that was slightly narrower than Wall Street had expected.

- Net loss: $1.59 billion.

- Vehicle reservations: Over 90,000.

- Rivian said it now has over 90,000 reservations for its R1-series truck and SUV, up from 83,000 as of its last update in March. That total includes about 10,000 new reservations made since it raised prices at the beginning of March, it said, at an average purchase price of over $93,000.

- The 25,000 target is half the full-year number that Rivian laid out in its roadshow presentation to investors ahead of its IPO last November.

- The company had $17 billion in cash remaining as of March 31, according to its first-quarter release. It said that will be enough to cover its spending through the launch of its next model, a lower-cost vehicle called R2, at a planned new factory in Georgia in 2025.

Original Source : https://www.cnbc.com/2022/05/11/rivian-rivn-q1-2022-earnings.html

- The company said it delivered 1,227 vehicles to customers during the past three months, bringing its total number of deliveries to 2,148.

- The company says that as of May 9th, it has produced approximately 5,000 vehicles, including its electric truck, SUV, and delivery van for Amazon.

- In the first quarter, Rivian produced 2,553 vehicles, but only delivered 1,227 of those vehicles to customers. Asked about this gap, McDonough said it was the result of being a direct-to-consumer company without a traditional dealer network to serve as distribution hubs.

Original Source : https://www.theverge.com/2022/5/11/23067212/rivian-earnings-q1-2022-electric-truck-deliveries-stock

FORD F-150 LIGHTNING FIRST DRIVE REVIEW

- The Ford F-150 is the backbone of the Ford Motor Company. It's been the number one selling vehicle in North America for the past 40 years, and the number one selling truck for 45 years straight. Therefore, the F-150 Lightning had some big shoes to fill, as expectations were very high.

- We're happy to report that after spending the better part of two days driving various versions of the Lightning on and off-road, pulling trailers, hauling cargo, using Ford Pro Power to recharge a Mustang Mach-E, and learning more about Ford Intelligent Backup Power, we believe the F-150 Lightning is the best overall F-150 ever produced. The biggest problem Ford may have to face is building enough of them.

- All versions of the Lightning feature dual-motors and all-wheel-drive, and the Extended Range battery versions boast 580 horsepower and 775 pound-feet of torque.

- Quite honestly, it's faster than any 6,500-pound pickup truck really ever needs to be.

- The maximum cargo capacity is 2,235 lbs (for Pro & XLT trims with the standard battery) and vehicles with the $825 towing package, are capable of towing 10,000 lbs (XLT & Lariat with the extended range battery).

- The regenerative braking is strong even in the default mode.

- The Lightning has a blended braking system that also adds more regeneration when the friction brake pedal is depressed.

- Ford uses a 400-volt battery system that utilizes pouch-style cells that are produced through a joint venture with SK Innovation. The standard range battery pack has a usable capacity of 98 kilowatt hours, while the extended range pack boosts that to 131 kWh.

- Extended Range Pro, XLT, and Lariat: 320 miles

- all versions of the Lightning come standard with a locking rear differential that worked exceptionally well.

- The standard range battery can accept 11.3 kilowatts when charging from a 48-amp level 2 charging source. The extended range pack comes with dual 40-amp onboard chargers with a combined input of 19.2 kW.

- Customers who opt for the bigger battery pack will also get Ford's Charge Station Pro, an 80-amp bi-directional charging station free with the vehicle.

- the Lightning has Ford's Pro Power Onboard and the standard version has an output of 2.4 kW on the Pro and XLT trims. However, the output is bumped up to 9.6 kW for the Lariat and Platinum models (optional on the Pro & XLT) and that power is accessible from the eleven power outlets that are scattered inside and outside of the Lightning. Ten of the outlets are standard 120-volt and there's a single 30-amp 240V outlet at the back of the bed. The 240V outlet can deliver up to 7 kW of power

Original Source : https://insideevs.com/reviews/585014/ford-f150lightning-first-drive-review/

VOLKSWAGEN GROUP TO LAUNCH ALL-ELECTRIC PICK-UP AND RUGGED SUV IN THE UNITED STATES

Original Source : https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-group-to-launch-all-electric-pick-up-and-rugged-suv-in-the-united-states-7955

U.S. EV REGISTRATIONS SURGE 60% IN Q1

Original Source : https://www.autonews.com/sales/us-ev-registrations-surge-60-q1-driven-tesla-ford-new-korean-models

CALIFORNIA ZEV PROGRAM SURPASSES 250,000 POINT-OF-SALE INCENTIVES

Original Source : https://www.gov.ca.gov/2022/05/10/as-statewide-zev-sales-exceed-16-percent-of-all-new-vehicles-california-zev-program-surpasses-250000-point-of-sale-incentives/

BMW I4 CAN BE EVEN MORE EFFICIENT THAN THE TESLA MODEL 3

Original Source : https://www.bmwblog.com/2022/05/10/bmw-i4-tesla-model-3/

TESLA SHIPS FIRST ELECTRIC CARS OVERSEAS SINCE LOCKDOWN

Original Source : https://www.scmp.com/business/china-business/article/3177473/tesla-ships-first-electric-cars-overseas-lockdown-halted

AUSTRALIAN TESLA MEGAPACK FIRE – REPORT