Electric cars are now officially S3XY. Tesla revealed the final component of Elon Musk’s suggestive orthographic adventure at the usual sound-and-light show at the Hawthorne Design Studio. There were few surprises, other than the fact that Tesla will offer an optional 7-seat configuration. The Y’s form factor is both practical (it’s smaller than the X,… Read more »
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Tesla Model 3: Will this machine kill the Oil Age?
It’s hard to overestimate the importance of the Tesla Model 3 (although the media has been doing its best). There’s no question that it’s a momentous motorcar on (at least) three levels. First, Model 3’s success is widely assumed to be an existential issue for the company – if it fails to deliver on its… Read more »
Panasonic expects to turn a profit on Model 3 battery cells by next year
Panasonic’s new 2170 Li-ion battery cells, which it manufactures at Tesla’s Gigafactory 1 in Nevada, are a key component of the new Model 3. The Japanese manufacturer says it is now supplying the batteries at a loss, but expects to turn a profit next year. “For battery cells for the Model 3, costs outweighed profit… Read more »
Tesla Model 3 could take the title of most American-made car
The world car has been a reality for many years now. Automakers source parts and expertise from around the world, and they build vehicles in different regions to be closer to markets or to take advantage of cheaper labor. Buying American is a worthy cause, but it isn’t as simple as buying an American brand…. Read more »
Plug-in sales through the roof in 2016 as multiple models set records
December plug-in sales blew away last year’s figure, a cheery finale to a year that saw a huge increase. 159,139 EVs and PHEVs changed hands in 2016, a 37% increase over 2015’s 116,099. A new breeze seems to be blowing through boardrooms around the industry, from Toyota to Chrysler to Ford. As usual, Tesla heads… Read more »
Tesla introduces third-generation battery pack technology
As is often the case with Tesla, the mainstream press has missed the true significance of the company’s latest product. Tesla’s announcement of its new P100D battery pack option focused on the quicker 0-60 time, so that’s what most media outlets wrote about. Everyone other than acceleration junkies greeted it with a yawn – who… Read more »
Panasonic expects to double sales of EV batteries in three years
The unprecedented demand for the upcoming Model 3 presents major opportunities not only for Tesla, but for its partners. Panasonic, which will be the exclusive supplier of batteries for Model 3, expects its annual sales of automotive batteries to more than double in three years. Kenji Tamura, the head of Panasonic’s automotive and industrial systems… Read more »
Companies scramble to secure lithium supplies as “white petroleum” prices soar
The hottest commodity on the planet right now is not oil or coffee but lithium, according to a recent article on OilPrice.com. The ballooning battery market is expected to drive demand for the light white metal, and mining companies, battery producers and automakers are scrambling to secure supplies. Goldman Sachs predicts that for every 1%… Read more »
Faraday Future’s Variable Platform Architecture – a modular skateboard to build an EV on
EV startup Faraday Future’s carmaking prowess has yet to be tested, but it has already revealed some impressive marketing talent. After milking several months of mystery, the company unveiled its FFZERO1 supercar concept at the recent CES in Las Vegas. The event was one of the hottest tickets at a show that has reinvented itself… Read more »
LG Chem to supply battery upgrade for Tesla Roadster
Tesla has confirmed that it has a contract with South Korean firm LG Chem to provide batteries for Roadster 3.0, a package of range-enhancing improvements for Tesla’s famous first vehicle. The company began taking orders for the $29,000 upgrade in September. Until this announcement, Tesla’s only known battery supplier was Panasonic, which is a partner… Read more »