Tesla has extended its earnings streak, posting a surprise profit in the first quarter, typically a tough one for automakers. The company reported record levels of production, and says its vehicle order backlog is the highest it’s ever been. “Q1 2020 was the first time in our history that we achieved a positive GAAP net… Read more »
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Is Ford planning to build its own DC fast charging network?
One of the reasons for Tesla’s huge head start over other EV-makers is its comprehensive, convenient (and, for early buyers, free) Supercharger network. Now a member of the Mach-E Club has uncovered a hint that Ford plans to build its own DC fast charging network. A trademark filing at the US Patent and Trademark Office… Read more »
BMZ Group ramps up production of Li-ion batteries for ventilators and other medical equipment
The BMZ Group, an international company headquartered in Germany, produces Li-ion batteries for everything from power tools to stationary storage to industrial vehicles such as forklifts. Now the company is seeing a surge in demand for its batteries from makers of a wide variety of medical equipment, especially ventilators. In some cases, the volume of… Read more »
2021 Ford Mustang Mach-E: An electric crossover with “the soul of a Mustang”
It’s almost enough to make you think Ford plans to offer electric cars shoppers may actually want to buy. The extended debut of the 2021 Ford Mustang Mach-E electric SUV culminated in its formal unveiling in an aircraft hangar last November, just before the start of media days at the Los Angeles Auto Show. The… Read more »
Ford’s electric SUVs and pickups are on the way
One of the biggest roadblocks to greater EV adoption is a lack of electric offerings in the form factors that are most popular with buyers: namely, SUVs and pickup trucks. The Mach-E could turn out to be a good first step towards filling those gaps in the market. Ford invested $500 million in Rivian last… Read more »
Total/Saft and Groupe PSA/Opel to launch pilot plant for battery production
Saft, an affiliate of French oil and gas company Total, and Opel, a subsidiary of French automaker Groupe PSA, are establishing a joint venture called the Automotive Cell Company (ACC), which will create EV batteries starting in 2023. The project will begin with a phase of research and development, including construction of a €200-million (about… Read more »
Is IONITY’s prodigious price increase designed to steer customers to “mobility services?”
EV advocates cheered the advent of IONITY, a European charging network owned by a joint venture of BMW, Daimler, Ford, and the Volkswagen Group. The network currently includes 205 DC fast charging stations in 18 European countries, and aims to have 400 in service by the end of 2020. However, the applause has recently been… Read more »
Q&A with Rivian’s VP of Propulsion (Full Interview)
The electromobility revolution is gathering speed, but the world’s EV-makers have fallen behind popular tastes in terms of the form factors auto buyers want, and this has emerged as a roadblock to mass adoption. Buyers love SUVs and pickups, and automakers love the high profit margins associated with these models. Electric SUVs are starting to… Read more »
Lightning Systems raises $41 million for electric powertrain production
Colorado-based Lightning Systems, a developer of electric drivetrains, has raised $41 million in a recent funding round led by BP Ventures. Private equity fund Cupola Infrastructure Income Fund contributed as a new investor. Lightning will use the funding to ramp up production of electric powertrains for Ford Transits, Ford E-450s, Ford F-59 step vans, Chevrolet… Read more »
Rivian to provide skateboard chassis for electric Lincoln SUV
Last November, Rivian turned heads with its prototype pickup and SUV. Among those impressed was Ford, which invested $500 million in the EV startup and said it would use Rivian’s custom “skateboard” chassis, which includes electric motors, batteries, controls and suspension, to develop its own EV. Now Ford has announced that its first skateboard vehicle… Read more »