With cease-fire agreement, spark flickers toward Faraday’s Future

Faraday Future FF91 prototype
Like a prizefighter listening to counts of “eight” and “nine,” Chinese electric-car startup Faraday Future, has started groaning, sputtering, and trying to stand.

The company, which sputtered to a start building prototype electric luxury cars last year, then was abruptly knocked out when its new Chinese financial backer withheld funds in a contract dispute, has reached a new agreement with its benefactor, with each side agreeing to retire lawsuits against each other, and Faraday receiving the green light to seek new investment.

The company controls a leased factory in California and has several prototype vehicles, but furloughed most of its staff last year after it ran out of money in a power-control plot that looked cut from the script of a cheesy wrestling show.

READ THIS: Faraday Future loses final founding executive (Updated)

Along with that staff went all five of the company's founding executives, including Peter Savagian, a member of the original GM EV1 team, and Dag Reckhorn, the former head of Model S manufacturing at Tesla. The only founder left is the company's original financial backer, Jia Yueting, a collegial fellow known with affection within the company's ranks, but who sits at the center of many of its controversies.

In November, Faraday received permission from a Hong Kong court to seek up to $500 million in new investment as it worked to settle its differences with its primary backer, Evergrande Health group, a health insurance company in Hong Kong.

Evergrande agreed last June to invest up to $2 billion in Faraday Future, and the company went on a hiring spree and produced several prototypes at its new factory. In October, Evergrande announced it would withhold future payments on the funds after Faraday failed to meet certain contractual milestones.

CHECK OUT: Faraday Future sues investor claiming takeover “plot”

Faraday Future accused Evergrande of trying to bankrupt the company to steal its patents.

In the latest settlement, Evergrande and Faraday Future have agreed to drop those lawsuits and stop fighting for now, while Faraday seeks new funding.

What is less clear is where any new funding might come from for a company with a few roughly assembled prototypes and a leased factory, but no experienced executives to run it. Many of the furloughed factory workers may well still wish to come back to Faraday, but many others will have to be replaced by new workers who would have to be trained from scratch.

Which company will sell the first personal-use electric pickup? Take our Twitter poll

Rivian R1T electric pickup concept
If electric cars are going to take over from internal combustion machines, they will need to be offered in the most popular types of vehicles—and that means pickups.

Electric-car fans seem to be clamoring for electric pickups, and some startup automakers—along with Tesla—are starting to respond.

READ THIS: Rivian R1T all-electric pickup revealed: 400-mile range, 160-kw DC fast charging

At November's LA auto show, Michigan-based startup Rivian showed a concept version of its R1T electric pickup, which it says it plans to sell starting in 2021.

Tesla CEO Elon Musk has said the company plans to design an electric pickup to follow its Model Y SUV, which was originally scheduled to go on sale in 2019. With production of the Model 3 just getting into full swing, though the company hasn't mentioned a start date for the Model Y recently.

Bollinger B2

Ford has confirmed it plans to build a hybrid version of its F-150 starting in 2020, and, speaking in October at the 100th anniversary of Ford's giant Rouge factory, chairman Bill Ford hinted that the company will eventually build an all-electric F-150 “when the time comes.”

CHECK OUT: Bollinger Motors announces B2 electric pickup alongside SUV

New York startup Bollinger Motors, which has shown a concept version of a heavy-duty SUV it plans to build, also showed a pickup design in October. Like Bollinger's SUVs, it would be a heavy-duty pickup, likely a one-ton, so heavier than most personal-use pickups, but designed more for off-roaders, hunters, or campers, rather than contractors. The company did not release a timeline.

With all these electric pickups in the works, we thought we'd ask our followers which one they think might arrive on the market first. Our official Twitter poll this week asks: “Which company will sell the first personal-use electric pickup?”

Those are the choices: Rivian, Tesla, Ford, or Bollinger.

Click on over to the poll to let us know which electric pickup you're most optimistic about. And remember that our Twitter polls are unscientific, because of low sample size and because our respondents are self-selected.

Tesla factory and screen interface, Byton back at CES: Today’s Car News

Byton M-Byte concept
Patent filings show new features that may be coming to updated Model S and Model X cars later this year. Chinese startup automaker Byton makes another appearance at CES. And our latest Twitter poll asks readers which electric pickup they think may hit the roads first. All this and more on Green Car Reports.

On Sunday night, Musk took to Twitter to announce that the company would break ground on its much-needed second factory on Monday. The new plant in China will produce “affordable” Model 3s and Model Ys for the Chinese and surrounding markets.

A patent filing late last year shows a new Windows-like control interface that may be coming to updated Model S and Model X cars later this year. The screen will allow drivers to see four functions at once.

Chinese startup automaker Byton will make its second appearance at the CES show in Las Vegas this week, after giving rides in its M-byte SUV last year. This year, an updated M-byte that's closer to production will have a curved screen across the dashboard, more screens for rear passengers, and even a few actual buttons for driver controls.

If 2019 is the year of the electric SUV, it's also the year of electric pickup concept announcements. Our latest Twitter poll asks readers which company they think will get an electric pickup on the market first: Rivian, Tesla, Ford, or Bollinger.

A spy photographer in Germany caught photos of the upcoming BMW iX3, due out in 2020, testing on public roads. Lest there be any doubt that it was the electric version of the X3, the test car had signs emblazoned on the front doors proclaiming, “Electric Test Vehicle.”

Finally, Jay Leno got a chance to test drive the new Mercedes-Benz EQC 400 prototype and released a new video on “Jay Leno's Garage” to rave about the experience.

_______________________________________

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Porsche Claims Tesla Owners Are Leading A Taycan Sales Stampede

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Published on January 7th, 2019 |

by Steve Hanley

Porsche Claims Tesla Owners Are Leading A Taycan Sales Stampede

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January 7th, 2019 by Steve Hanley

At the LA Auto Show last month, Klaus Zellmer, president of North American operations for Porsche, had some interesting things to say to Tim Stevens of CNET Road Show. His company has had a “pretty amazing” level of interest in its upcoming Taycan 4 door electric sports car, he said.

In particular, the number of people willing to plunk down a $2,500 deposit to pre-order one has exceeded all expectations. “If all the people [who preordered] buy this car, then we are sold out for the first year,” Zellmer said, and 20,000 sales would make the Taycan one of Porsche’s best selling models. However, it would not approach the ~50,000 Tesla Model S sedans sold each year.

“More than half of the people that are signing up for the Taycan have not owned or do not own a Porsche,” Zellmer added, which led to this question: What car do they own? “Typically, if we look at our source of business — people coming from other brands — it’s Audi, BMW, or Mercedes. The no. 1 brand now is Tesla. That’s pretty interesting, to see that people that were curious about the Tesla for very good reasons obviously don’t stop being curious.”

Is that surprising? Maybe not. Most existing Tesla owners are early adopters. If they jumped on the Tesla bandwagon early, why wouldn’t they want to try the new new thing? Especially in California, where car culture has been dominant ever since Harry Truman took the train back to Independence, well heeled buyers are always on the hunt for what’s next.

Green Car Reports speculates that current Tesla owners may be attracted to the Taycan’s 800 volt drivetrain, which can reportedly recharge in half as much time as a Tesla (assuming you can find an ultra-fast charger). Or they may think the Porsche will offer a more luxuriously appointed interior.

Is Porsche worried that the Taycan — and its soon to appear first cousin, the Cross Turismo — will compete head to head with Audi models that are based on the same chassis? Not really. The Audi e-tron GT will share a chassis with the Taycan, but people will be able to tell the difference by the way the two cars drive.

“When it’s about being competitive,” he said, “it’s something that really has to fully speak Porsche. If you drive a Macan, you know that we share a platform [with Audi], but it’s a completely different car. And that’s exactly what has to happen and I’m sure Audi has followed a same path.”

Should Tesla be worried that some of its current owners may make the switch to an all-electric Porsche? Probably not. There are tens of millions of people who would give their eye teeth to own a Tesla. The other upside is that if some of those Tesla owners do change horses midstream, that will mean more pre-owned Teslas for sale to those who don’t have the resources to buy a new one.

When it comes to the electric car revolution, the more competitive cars available — new and used — the better for us and for the Earth.

About the Author

Steve Hanley Steve writes about the interface between technology and sustainability from his home in Rhode Island and anywhere else the Singularity may take him. His motto is “Democracy is socialism.” You got a problem with that?

You can follow him on Google + and on Twitter.

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Toyota says it doesn’t worry about Tesla’s lead, shuns all-electric and goes ‘electrified’ by 2025

Despite its early effort in electrification with the Prius and a partnership with Tesla, Toyota has famously been looking down on battery-electric vehicles in favor of hybrid and fuel cell vehicles. Yet, the Japanese automaker says that all its models will be ‘electrified’ by 2025, but it’s being vague about what it means and it still… Continue reading Toyota says it doesn’t worry about Tesla’s lead, shuns all-electric and goes ‘electrified’ by 2025

General Motors names long-time insider Mark Reuss as its president

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Mark Reuss, General Motors Executive Vice President Global Product Development, speaking last January.

General Motors named long-time insider Mark Reuss as its president, effective immediately.

Reuss formerly led GM's global product group and Cadillac. His duties will now include overseeing GM's quality organization.

GM reported fourth-quarter sales on Thursday that fell more than 2 percent over the the same period last year.

Shares of GM were down more than 1 percent in premarket trading.

GM Cruise and DoorDash are partnering on autonomous food deliveries

Elijah Nouvelage | Reuters
Two self-driving Chevy Bolt EV cars are seen during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017.

Food delivery service DoorDash is partnering with General Motors' self-driving unit Cruise to test autonomous technology for meal and grocery deliveries, the companies said Thursday.

It is the latest step the autonomous driving technology firm is taking toward bringing its technology to market. The program will begin in early 2019 with and will be initially focused on the San Francisco area, the companies said.

“Delivery is a significant opportunity for Cruise as we prepare to commercialize our autonomous vehicle technology and transform transportation,” Cruise CEO Dan Ammann said in a statement. “Partnering with DoorDash will provide us with critical learnings as we further our mission to deliver technology that makes people's lives better and more convenient.”

Automakers are developing new business models for self-driving cars as they perfect the technology. Ford, for example, started autonomous delivery tests with Postmates and Domino's Pizza.

Tesla competitor, Byton’s M-byte, has a dashboard video screen as big as 7 iPads

Source: Paul Eisenstein
The interior of the Byton M-Byte features a 48-inch video screen.

A Chinese startup that's vying for Tesla's customers unveiled Sunday a 48-inch-wide video screen that stretches across the top of the dashboard of the Byton M-byte battery-electric vehicle.

The video screen, the size of seven iPads across, will anchor a business model that focuses as much on selling “content” as cars, CEO Carsten Breitfeld told CNBC.com. The SUV offers an optional 95-kilowatt-hour battery that can travel as far as 325 miles between charges.

The Chinese start-up staged one of the lead-off events for the annual Consumer Electronics Show — now known as CES — in Las Vegas. Fittingly, Byton's hour-long news conference focused on the connected technologies that will be built into its first product, the M-byte sport-utility vehicle set to go into production “before the end of the year,” said Breitfeld. That includes not only the massive screen atop the instrument panel but another that will float atop the steering wheel, allowing a driver to operate virtually all vehicle functions.

Tesla and Elon Musk break ground on new China factory
3 Hours Ago | 01:18

The M-byte will target a variety of established automakers moving into the battery-car space, including Audi, BMW and Mercedes-Benz, as well as Tesla, now the sales leader in the electric vehicle market. At a starting price of $45,000, it will come in at around the same price as the least expensive Tesla Model 3 currently on the market.

The base car will include a 71 kWh lithium-ion battery capable of around 250 miles range. A fully loaded version, Breitfeld added, will push into the $60,000 range will include the longer-range, 95 kWh battery. It will also feature all-wheel-drive, rather than the rear-wheel-drive system in the base model. And it will be offered with optional Level 3 autonomous driving capabilities. That will permit the vehicle to operate largely hands-free on highways, though the driver will need to be ready to take retake control in an emergency.

Both versions will come equipped with the 48-inch screen, the floating touchscreen atop the steering wheel and a third touch-enabled pad atop the center console that can be operated by a passenger. The vehicle will also allow a motorist to operate its various digital functions by voice or by using gestures, similar to technology found in several new BMW models.

Source: Paul Eisenstein
Dr. Carsten Breitfeld,, Byton CEO on stage at CES

The CES event focused primarily on the digital technology going into the new M-byte, an extensive array of features that the company has dubbed “Byton Life,” something meant to “transform those four wheels into the next-generation smart device.” Breitfeld declared. “M-byte could become the most important digital device in your life.”

The system relies on the latest in digital microprocessing technology operating both artificial intelligence and machine learning software, added Daniel Kirchert, Byton's co-founder and president. And it will link to the world through the new 5G wireless network just starting to go into place in the U.S., China and Europe.

Byton has also partnered with Amazon and will integrate the U.S. firm's Alexa voice assistant into the battery-SUV. That will allow passengers to plug in destinations, change audio sources and remotely operate smart home systems – turning on their lights at home while driving home at the end of the day, for example. But Byton hopes to also sell videos, games and other content that can be displayed on screens throughout the vehicle, including twin LCD displays for rear seat occupants.

“Our business model will not just be about selling cars, but using the car as a platform,” Breitfeld said in an impromptu interview following the CES news conference. “In the future, we will make more money selling digital content and shared mobility.”

The CEO believes in one of the big transformations many experts anticipate will sweep through the transportation industry over the next decade. A study released a year ago by the Boston Consulting Group forecast 30 percent of the miles that Americans clock on the road each year will be in self-driving vehicles operated by ride-sharing services. Breitfeld said he thinks that could come closer to 50 percent.

Byton, he added, plans to set up its own ride- and vehicle-sharing operations, rather than just selling its vehicles to existing services like Uber, Lyft or Waymo. The latter, a spin-off of Google, last month launched the world's first commercial self-driving ride-sharing program in Phoenix. Byton isn't the only automaker exploring that option. General Motors has said it plans to launch a similar service this year through its Cruise Automation subsidiary. Volkswagen and Ford have outlined similar plans.

Backed by the Nanjing government, as well as First Auto Works, or FAW, one of China's largest homegrown auto companies, Byton is one of a growing list of Chinese-funded electric vehicle start-ups. It's finalizing work on a plant in Nanjing that will be able to produce up to around 300,000 vehicles annually, Breitfeld told his CES audience. He subsequently told CNBC that the plan is to sell about half of those vehicles in China, and about a third, or 100,000 annually, in the U.S. The rest will go to Europe.

Source: Paul Eisenstein
Concept version of Byton M-Byte, set to be 1st vehicle to go into production in China this year.

The M-byte will be its first model, a move that reflects the growing dominance of SUVs in the global automotive market. Sales are expected to begin in China by the fourth quarter of this year and the company will open its first showroom in Shanghai on Jan. 17. The M-byte is expected to go on sale in the U.S. and Europe in the third quarter of 2020.

The concept version of the electric SUV on display in Las Vegas is about 80 percent accurate when compared to the final production model, said Benoit Jacob, the carmaker's vice president of design and the former head of BMW i, the German automaker's electric sub-brand. The most notable difference will come with the addition of conventional sideview mirrors replacing the camera system on the concept.

That's not unusual, automakers typically try to push the envelope on a prototype, then tame back their production designs. But, “I challenged the team to make the production car even better than the show car,” Jacob said during the news conference.

Cramer: New Tesla factory in Shanghai will work out
53 Mins Ago | 01:29

Byton unveiled a concept version of its second model, the K-byte, at the Los Angeles Auto Show five weeks ago. The sedan will feature the same electric drivetrain and digital electronics technology as the M-byte. It is set to go into production by 2021, with a third model on tap for two years later. Byton officials would not discuss plans for that product.

The use of such a massive video display generated plenty of buzz at the tech-focused CES, but also raised questions about whether it might distract the driver — something CEO Breitfeld discounted.

For his part, David Trippany, the associate director of supply chain and technology at IHS Markit, said the bigger question is why. “Right now, it doesn't seem like there's a user justification to have so much real estate (devoted to) the screen.”

Byton officials said they designed the M-byte to be “future proof,” anticipating they will find reasons to have that screen covering the entire instrument panel. But Trippany said the future could see very different technologies replace conventional screens. “Everything could go AR (augmented reality)” over the life of the M-byte, making the system obsolete.

Source: Paul Eisenstein
Concept version of Byton M-Byte, set to be 1st vehicle to go into production in China this year.

Humatics Raises $28M in Series A1 Financing

Humatics Corporation, a Waltham, MA-based developer of microlocation products and software, raised $28M in Series A1 financing. The round, which brought total financing to more than $50M, was led by Tenfore Holdings, with participation from Blackhorn Ventures, JCI Ventures, Fontinalis Partners, Airbus Ventures, Lockheed Martin Ventures, and Presidio Ventures, with Silicon Valley Bank providing a… Continue reading Humatics Raises $28M in Series A1 Financing