Top 5 Electric Vehicle News Stories of Week 26 2017

Top 5 Electric Vehicle News Stories of Week 26 2017

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TOP EV NEWS #1 – VW ANNOUNCE TWO MORE I.D. EVs

Up to now, news about VWs plans with its I.D. electric series have been sparse. The latest news on the VW I.D. strategy was about VW’s Chairman, Dr. Herbert Diess confirming the production of the I.D. Buzz. Dutch publication, Groen 7, this week provided a further glimpse of the VW strategy with the I.D EV model range which included two more models to join the three models already announced. VW will develop the I.D Lounge, an SUV and I.D AEROe, a sporty sedan exclusively for the US and Chinese markets. The I.D Lounge and I.D. AEROe will follow the I.D., I.D. Cross and I.D.Buzz models to hit the roads from 2019 to 2022. VW will produce the I.D. for the European market and the I.D. Cross for Europe and China. The market for the I.D.Buzz is yet to be defined.

All the I.D. models will be developed on VWs M.E.B platform. Golf replacement, the I.D. is expected in 2019 and promises a range of up to 600km from a 125kW electric motor. The last model in the range, the I.D. Buzz will have two electric motors with a combined output of 291kW and an acceleration of 0-100km/h in 5 seconds.

In related news the CEO of VW Group company Porsche, Mr. Oliver Blume said that half of all Porsche models would be electric by 2023. The Porsche Mission-E is expected in 2019/2020, followed by a BEV SUV Coupé. Porsche is preparing for the production of 60,000 electric vehicles per annum at its Zuffenhausen assembly plant.

SEAT, the Spanish-based VW Group brand, announced that it would develop an electric version of the high-performance Cupra model range.

Audi and German auto parts company, Schaeffler, partnered to develop a new powertrain for the ABT Schaeffler Audi Sport Formula E Race Team. The partnership will be around the development for the next three generations of the race car’s powertrain. The team has finished on the podium for the past two seasons and is again lying second in the third iteration of the ever popular event.

TOP EV NEWS #2 – VW JAC JV WILL LAUNCH EV SUV JAN 2018

The VW JAC electric vehicles joint venture signed in Berlin at the start of June 2017 officially kicked off in Hefei, Anhui Province on the 29th of June 2017. The Chinese JV company, JAC Volkswagen Automobile Co., Ltd. with an initial investment of 5.6 billion Yuan ($740 million) will deliver its first electric car in January 2018. According to reports the first EV from the JV will be a fully electric SUV.

TOP EV NEWS #3 – LeAUTO TO GET NEW LEASE ON LIFE

We have followed the Chinese “Netflix,” LeTVs, misadventures in the electric vehicle sector for the past year. LeTVs auto companies, Faraday Future in the USA and the LeEco in China, is well known for overpromising and underdelivering on its goals. The reason for the failure of the enterprises to make good on the hype created around it stems mostly from a cash crunch at the parent company, LeTV, due to it overextending itself in a wide range of projects. The founder of LeTV, Jia Yueting, had to personally jump in and save the two electric vehicles from faltering as groundbreaking of the Faraday Future ground to a halt while the launch of the FF91 at the CES 2017 flopped and the JV with Aston Martin was suspended. At the start of June, the Shenzhen Stock Exchange suspended the launch of the company’s RMB 2 billion bond which was supposed to provide cash flow to LeTV and its subsidiaries. This week Jia Yueting announced that LeTV would complete A-round financing by the end of the year to fund its vehicle projects housed under LeAuto. The funding will be used for mass production of electric vehicles. Jia Yeating stepped down recently as General Manager at LeTV and took a board position at LeAuto and FF Global. Faraday Future also clawed back some reputation this week as the FF91 prototype set a new production vehicle record at Pikes Peak.The FF91s time of 11 minutes 25.083 seconds record was 20 seconds faster than the previous record set by a modified Tesla Model S. Should the funding fails it will most probably be the end of the projects as LeTV has racked up large debts already resulting in large-scale layoffs and halting of projects.

TOP EV NEWS #4 – MAHINDRA & MAHINDRA SSANGYONG TO DEVELOP AN EV SUV

The Korean auto manufacturer, Ssangyong, 72.85% owned by Indian conglomerate Mahindra and Mahindra announced that it will produce of an electric SUV by 2020. The SUV is to be assembled at the 250,000 unit plant in Pyeongtaek South Korea. and promises a range of 300km with a top speed of 150km/h. Ssangyong earmarked 1 trillion won ($1 billion) for the development of SUVs and EVs over the next four years. The parent Mahindra & Mahindra will support the development with funds and technical assistance.

TOP EV NEWS #5 – MORE REGULATORY SUPPORT FOR EVs

The international promotion of electric vehicles got another leg up this week with the Governments of Thailand and New Zealand announcing incentives to promote the adoption of electric vehicles.

The Thai government set preferential excise duties for electric vehicles as depicted in the slide by the Tax Authority below. Electric Vehicles is one of 10 target industries in Thailand, which is an international auto manufacturing hub. The preferential rates will apply through 2025 and will extend to include EVs and ten EV parts. The ten EV components to benefit from the incentive are batteries, traction motors, battery management services, DC/DC converters, inverters, portable electric vehicle chargers, electrical circuit breakers and EV smart charging systems according to the Bangkok Post.
Thai-ev-incentives

The New Zealand legislature passed the Energy Innovation Amendment Bill to implement sections of the New Zealand Governments Electric Vehicles Program amongst other changes. The amendment comes at a time when New Zealand EV sales for May 2017 smashed records. The amendments make provision for the exemption of EVs from road charges and enabling bylaws allowing special lanes for EVs.

In related news, the US state of Nevada passed Assembly Bill 69 which authorizes the testing of autonomous vehicles on its public roads. Nevada joins an ever increasing list of States allowing for the testing of self-driving cars on public roads. States that already allows for the testing on public roads include Texas, California, Michigan and New York.

Be sure to check out our new presentation of all EVs since 2010 to gain great insights on all auto brands and their electric vehicle strategies. We have also created presentations per technology type BEV, PHEV, Autonomous, and FCEV.

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Top 5 Electric Vehicle News Stories Week 14 2017

Top 5 Electric Vehicle News Stories Week 14 2017

TOP 5 EV NEWS #1 – UK EV SALES Q1 2017 BREAKS RECORDS

UK EV sales for the first quarter 2017 set new records, mostly on the back of Tesla sales. The quarter’s sales bring EV’s contribution up to 1.4% of the total vehicle fleet. The UK sales for Q1, traditionally the best performing quarter for UK car sales, was closely watched as a new Vehicle Excise Duty (VED) comes into play from the first of April 2017. The new VED rules apply for all vehicles except zero emission vehicles (ZEV). According to the VED, Internal Combustion Engine vehicles (ICE) will be liable for a levy of £1,550 spread over five years on all vehicles priced over £40,000.

Electric vehicle sales for March, which contributed nearly 70% of the quarter’s sales, rose a below average 7% on a year-to-year basis, lower than the 8.4% for the total new car market. Total EV sales for the quarter was around 11,900 units, some 880 units more than Q1 2016. A deeper analysis of the UK electric vehicle sales showed a significant rise of the Battery Electric Vehicle (BEV) component, rising 34%, or around 800 units in March from the year before. Most of the 800 units can be attributed to Tesla’s massive sales drive, which led to a record 25,000 units being sold internationally, of which nearly 900, triple February’s sales, was sold in the UK during March 2017.

The improved performance of BEV vehicles compared to Plug-In Hybrid Electric vehicles (PHEV), showing a decrease of 5% to just under 5,000 units, corrects a trend since 2016 which saw 3-in-4 electric vehicles in the UK being PHEV’s.

All indications are that UK EV sales will breach the 100,000 unit mark, shared with only 7 other countries within the next couple of months. Recent surveys in the UK showed that most vehicle buyers are negative towards diesel vehicles due to diesel gate, a spectacular own goal by big auto and that 85% of vehicle owners now consider buying an EV, subject to them overcoming these EV related misconceptions.

TOP 5 EV NEWS #2 – AUDI & PORSCHE TO CO-OPERATE ON EV PLATFORM

VW sister companies, Audi and Porsche, to accelerate their respective electric vehicle strategies, this week announced that they would jointly develop a shared electric vehicle platform allowing the automakers a faster route to electric, connected and autonomous technology. The partnership will last til 2025. The German based VW Group‘s electric vehicle strategy is built on its MEB electric platform architecture, while Porsche targets the delivery of its first electric vehicle, the Mission E by 2020 and Audi, an electric SUV based on the e-Tron Quattro by 2018. Both vehicles will have various degrees of autonomy as part of its offering.

TOP 5 EV NEWS #3 – FORD’s CHINA STRATEGY

In the same week where Ford was dethroned by GM as the USA’s number two automaker, due to Tesla taking the top spot, the company released a new electric vehicle strategy for its Chinese operations. Ford, suffering from a shareholder revolt due to its lack of a convincing electric vehicle strategy and declining sales on Thursday announced that it targets 70% contribution from EV’s of its Chinese auto sales by 2025. The first phase of the strategy will be to produce a PHEV early 2018 together with its Chinese partner, Changan, also known as Chana. The company aims to have a small electric SUV within the next 5 years, capable of a battery electric range of 280 miles / 450km. The company still lacks a proper global electric vehicle strategy and the current attempt is too little and too late.

TOP 5 EV NEWS #4 – MAHINDRA & SSANGYONG ANNOUNCE EV

The Chairman of Indian automaker Mahindra and Mahindra, Anand Mahindra announced at the Seoul Motor Show this week that Mahindra and its Korean subsidiary SsangYong aims to develop a luxury electric vehicle by 2019, targeting entry into Chinese and US markets.

TOP 5 EV NEWS #5 – NAVIGANT RESEARCH DISCOUNTS WAYMO AND TESLA AUTONOMOUS EFFORTS

Navigant Research placed Ford and GM at the top of its autonomous driving leaderboard, surprisingly far above Waymo (7th), the pioneer of autonomous driving. Waymo was only listed as a contender, and Tesla who has already clocked over 300 million miles in Autopilot (Level 2 Autonomy) did not make the Top 10 list. Waymo, not aiming to develop a car, but rather focusing on autonomous technology has partnered with Chrysler and Ford on testing autonomous technology. Making Navigant’s findings even more surprising to us is that Waymo performed exceptionally well compared to other automakers on the list when comparing across all permit holders allowed to test autonomous tech on Californias public roads. According to CA DMV regulations, each permit holder must annually file a disengagement report, reflecting the number of events where a driver essentially has to take over from the vehicle’s autonomous mode to either prevent a traffic incident or where the system fails. Waymo posted a record 0.2 disengagements per 1,000 miles in its 2016. For a breakdown of each permit holders testing in California read our recent blog providing detailed analysis

Navigant’s criteria are based on the following ten factors; vision, go-to-market strategy, partners, production strategy, technology, sales, marketing, and distribution, product capability, product quality and reliability, product portfolio and staying power. The Top Ten on Navigant’s list are Ford, GM, RenaultNissan Alliance, Daimler, Volkswagen Group, BMW, Waymo, Volvo/Autoliv/Zenuity, Delphi and Hyundai Motor Group.
Despite Tesla aiming to have a market ready Level 5 autonomous product by the end of the year, it is only listed as a contender. Tesla is criticized by some, for being too aggressive, using its customers as guinea pigs for its AutoPilot software. Not surprising though is that Uber features on the bottom end of the list, the controversial ride-hailing company has been in the news lately for losing its right to test in San Francisco, being sued by Waymo and a crash in Tempe, Arizona, temporarily halting its pilot program.