Top 5 Electric Vehicle News Stories of Week 52 2016
TOP EV NEWS #1 – Ford debuts its autonomous vehicle
Ford debuted it’s next-generation Fusion Hybrid Autonomous development vehicle this week. The second generation of the vehicle sports more production ready controls and LiDar sensors on top of an improved computer hardware platform. Improved field of vision on the sensors allowed Ford to have only two sensors as opposed to four in the first generation. The second generation follows the first, introduced three years ago. The company aims to have an SAE Level 4-capable vehicle commercially available by 2021 for ride-hailing and sharing purposes. Ford will also expand its test fleet, currently operational only in California to its home state, Michigan.
TOP EV NEWS #2 – Lamborghini announces plans for PHEV
Lamborghini, a Volkswagen company, announced this week that it plans to include a PHEV version of its first SUV since the LM002, the Urus when its released in 2018. The auto manufacturer is also rumored to work on an all-electric vehicle, named the Vitola, which will use the Porsche Mission E platform.
TOP EV NEWS #3 – LeEco breaks ground for EV plant
The controversial LeEco announced the groundbreaking of its plant in the city of Hangzhou, Zhejiang Province China. LeEco is entwined between Faraday Future and the LeSee electric vehicle manufactured by LeEco. Both companies were founded by Chinese businessman Jia Yueting. Both businesses are known for making bold statements and big ticket announcements just to be followed by press reports of cash flow and funding problems. The announcement comes at a time when Faraday Future is battling to break ground on its plant in Northern Los Angeles. The company could not even pay the $21 million deposit to Aecon despite being offered $300 million by the local authorities for building the assembly plant there. LeEco has also partnered with Aston Martin on the RapidE, where it will help with the development of the zero emission technology. Faraday Future is said to hold the patents to the technology, but recent reports state that the technology is in fact held by a separate company in the Cayman Islands, creating insecurity for investors and borrowers..
TOP EV NEWS #4 – Missouri rejects Tesla license renewal
In another attack on Tesla by the old guard, as the State of Missouri rejected its dealership license renewal. The reason being a ruling by Circuit Judge Green in a case brought against the Missouri revenue department by the Missouri Auto Dealers Association for allowing the license in 2015. Tesla prefers to use a direct sales model due to the notorious inability of traditional dealers to sell electric vehicles. Tesla will be forced to close shop in the State come January the 1st 2017.
TOP EV NEWS #5 – A scramble for EV resources by miners
Miners are scrambling for “modern” resources such as lithium, nickel, and cobalt used in the electric vehicle manufacturing process. A reporter, Marcus Le Roux explored the various metals and their potential supply constraints and sources in the Australian. Most interestingly are the place which copper plays within the electric vehicle industry and the expectation that current lithium demand would rise from 16,500 to between 120,000 to 250,000 tons by 2025 to feed the 14 battery mega factories that are developed, mainly in China.