Tesla had a rough week. In its first-quarter 2019 earnings report, it described a loss of $702 million, or $4.10 per share – quite large even by Tesla’s standards, and greater than the $1.81 per share that Wall Street analysts (surveyed by FactSet) had forecast. Q1 revenue of $4.54 billion also fell short of expectations,… Read more »
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Automakers’ fight against fuel efficiency is nothing new
As the world’s transportation system begins to make the transition to electric power, automakers (except for one) are being dragged into the future kicking and screaming by governments. To anyone familiar with the companies’ history, this should come as no surprise. A new article from the Union of Concerned Scientists recounts the industry’s long history… Read more »
Gaining traction at last: Efacec instals over 600 DC fast chargers worldwide
If we’ve heard it once, we’ve heard it a thousand times: EVs and charging infrastructure present a chicken-and-egg problem. This thesis has been the topic of countless EV industry conference panels over the past decade. In recent years, many experts have attempted to declare the issue settled. Back in January 2013, European Union Climate Commissioner… Read more »
New paper: US policies to support plug-ins are ineffective
Governments around the world are taking many different measures to encourage the adoption of plug-in vehicles, but it’s far from clear which of these policies will prove to make sense in the long run. A new paper published in Energy Policy argues that current US policies are inefficient and ineffective. One of the main culprits… Read more »
Novonix receives $755-million conditional DOE loan commitment for Tennessee graphite plant
Novonix, a battery materials and technology company, has received a conditional commitment from the US Department of Energy for a direct loan of up to $754.8 million for a proposed graphite facility in Chattanooga, Tennessee. If finalized, the financing from the DOE’s Loan Programs Office would be applied towards partially financing the construction of the… Read more »
CALSTART’s PowerForward battery manufacturing grant program chooses 3 grant recipients
CALSTART, a US-based clean transportation nonprofit, has recommended three recipients for a total of $43 million in first-round California Energy Commission (CEC) grant funds: Sparkz, Sepion Technologies and South 8 Technologies in partnership with Nanotech Energy. The selection follows an evaluation of 14 applications that were submitted in April as part of California PowerForward battery-manufacturing… Read more »
NOVONIX signs offtake deal to supply battery materials to Volkswagen’s PowerCo
Battery materials and technology company NOVONIX has signed a binding offtake agreement with PowerCo for a minimum of 32,000 tonnes of synthetic graphite material over a five-year term starting in 2027. German automaker Volkswagen established PowerCo in 2022 to ramp up its global battery cell production. PowerCo oversees international factory operations, advances in cell technology… Read more »
LG Energy Solution to supply batteries for Ford’s electric commercial vans in Europe
South Korea-based LG Energy Solution has signed agreements with Ford Motor to supply battery modules from its Poland facility for Ford’s commercial vans in the UK and EU. Under the contracts, LG Energy Solution is expected to supply a total of 109 GWh of batteries to Ford for its electric commercial vans starting in 2026,… Read more »
Bollinger Motors counts down to September start of production for new B4 electric truck
Bollinger Motors, a US manufacturer of all-electric commercial chassis cab trucks, has announced it plans to start production of the Bollinger B4 on September 16, 2024. The B4 is a chassis cab electric truck. Thus far only pre-production evaluation vehicles have been manufactured but, in a few weeks, saleable B4 trucks will be coming down… Read more »
Ford Pro opens order banks for enhanced-range E-Transit van
Ford Pro is rolling out the latest iteration of its E-Transit van, aiming to widen its potential customer base. The extended-range option offers a range of up to 159 miles from 89 kWh of usable energy—a 32% increase in range over the previous model. The van features 266 hp, 317 lb-ft of torque and dual… Read more »