Nissan Motor Co. is looking to invest in a Chinese electric-car startup, according to people familiar with the matter, to provide it with a greater footprint in the world’s biggest market for new-energy vehicles. The Japanese company wants to buy a stake of as much as 25% in a Chinese electric-vehicle maker, and it has… Continue reading Japan’s Nissan is said to mull buying stake in Chinese electric carmaker
Tag: Renault
Tesla faces twin assault as Mercedes, VW start taking orders for first long-range EVs
Elon MuskMike Blake | ReutersIt's been a tough month for Tesla, and the challenges the Silicon Valley electric-car maker faces will only accelerate now that two major European automakers are launching sales of their first entries into the long-range EV market.
Volkswagen and Mercedes-Benz began taking orders Wednesday and Thursday, respectively, for new battery-electric vehicles, with the two companies each planning to follow up with a wave of additional entries over the next few years. Whether they will prove to be “Tesla killers,” as some observers have dubbed them, is far from certain but the two German manufacturers are each investing billions of euros in their electrification programs.
VIDEO1:3501:35Tesla has new competitor from AudiThe Bottom Line “With the Mercedes-Benz EQC, we are entering a new era of mobility,” said Britta Seeger, member of the board of management of Daimler responsible for Mercedes-Benz cars sales. “It is part of the growing family of all-electric vehicles at Mercedes-Benz and combines brand-defining features such as quality, safety and comfort.”
But one of the keys to success Seeger added, is likely to be longer “range absolutely suitable for everyday use.”
The Mercedes Benz EQC.Adam Jeffery | CNBCThe first wave of electric vehicles, such as the Nissan Leaf and Ford Focus Electric, could deliver only around 100 miles per charge. Tesla proved an immediate breakout with its Model S sedan yielding more than double that – and its latest version of that sedan is EPA-rated at 370 miles between charges.
The compact Mercedes EQC, essentially an electrified version of its GLC crossover, will get around 270 miles in European trim and even more in the version slated for the U.S. market.
Volkswagen's first long-range entry, the ID.3, lifts a page from Tesla's playbook by offering customers three different battery pack options. The smallest, at 45 kilowatt-hours, is expected to manage around 200 miles, based on European testing, with optional 58 and 77 kWh battery packs rated at around 260 and 340 miles, respectively.
The new VW hatchback hasn't even had its official world premiere — expected to take place at the Frankfurt Motor Show next autumn — and it will be about a year before the first customers can take delivery. But the automaker on Thursday opened up a special website for advance orders. Pricing for the ID.3, which initially will target the European market, will start at 30,000 euros ($34,000). Customers in Europe preordered 10,000 ID.3s in the first 24 hours on the market there, overwhelming the company's website and leading to long wait times online, VW said.
A Volkswagen ID 3 electric car is seen in a glass cage during a press conference in Berlin on May 8, 2019.ODD ANDERSEN | AFP | Getty ImagesThe crossover, which will anchor a new sub-brand dubbed Volkswagen ID, will be just the first in a broad array of about 50 long-range electric vehicles the Wolfsburg, Germany-based carmaker plans to bring to the market by mid-decade through its various brands. It has already launched sales of the new Audi e-tron crossover and is preparing to deliver the first Porsche Taycan battery sports cars.
For the U.S., VW will begin its electrified assault next year with a production version of the ID Crozz concept. In January, during a visit to the North American International Auto Show in Detroit, Volkswagen Chief Executive Officer Herbert Diess said his company will spend $800 million to expand its factory in Chattanooga, Tennessee, to handle that crossover and another all-electric model, a move that also will create about 1,000 new jobs.
“The supertanker is picking up speed,” Volkswagen executives said during a March presentation in Frankfurt. “We are aligning Volkswagen with e-mobility like no other company in our industry.”
Adam Jeffery | CNBCAdam Jeffery | CNBCVolkswagen's diesel emissions scandal has already cost it around $30 billion and seen a number of executives jailed or indicted, including former CEO Martin Winterkorn. The company's shifting its focus from the “oil-burners” that long dominated its lineup to focus on electrification.
It has announced plans to spend 9 billion euros, about $10 billion at current exchange rates, on battery cars by 2023. And during his Frankfurt speech, Diess upped his estimate of VW's global EV salesprojections from 15 million vehicles to 22 million over the next decade.
These numbers dwarf those of Daimler, but the parent of the Mercedes-Benz and Smart brands is making a similarly aggressive push relative to its size.
“We are going to launch 10 pure battery-electric vehicles until the end of 2022, and we are covering the whole portfolio — from Smart [cars] to big SUVs and big sedans,” board member Wilko Stark announced during a news conference at the Paris Motor Show in September.
The Mercedes Benz EQC.Adam Jeffery | CNBCThe new Mercedes EQC will go on sale in Europe first and then follow with an American market launch sometime next year, officials said during last month's New York International Auto Show. The event saw the debut of the EQC Edition 1886, a special launch version referencing the year when the founders of what is now Daimler patented the world's first vehicle to use an internal combustion engine.
The EQC Edition 1886 is promised to deliver 292 miles per charge and, with an output of 402 horsepower and 564 pound-feet of torque, it will launch from 0 to 60 in less than five seconds. Those numbers suggest it will pose a direct challenge to both Tesla's older Model X and upcoming Model Y.
While Mercedes-Benz and Volkswagen are just putting their battery-car programs into motion, BMW is preparing its own ramp-up. It currently offers an all-electric city car, the i3, through a special sub-brand, though that model doesn't match the range of what can be thought of as second-generation BEVs.
A new BMW i3 electric car is seen on the assembly line at the BMW factory in Leipzig, Germany.Getty ImagesFuture long-range products will more directly target Tesla, as well as Mercedes and VW. The Bavarian automaker recently confirmed plans to migrate to new vehicle platforms that will allow it to offer all-electric versions of virtually every model in its lineup.
Jaguar Land Rover was actually the first European automaker to enter the long-range space, its Jaguar I-Pace last month being named World Car of the Year by an international panel of motoring journalists.
But the wave of new products will soon turn into a tsunami. According to InsideEVs, a website devoted to electrification, 14 new battery cars will land in the U.S. market in 2020, with even more coming to Europe and China — the latter market encouraging the buildup with tough new energy vehicle regulations enacted in late 2017.
Ian Callum and the Jaguar I-Pace accept the award for the 2019 World Car Award at the New York Auto Show in New York on April 17th, 2019.Adam Jeffery | CNBCThe big question is whether consumers will accept the new offerings. A study released by AAA on Thursday found that only about 16% of U.S. motorists surveyed are definitely considering battery power for their next vehicle.
Last year, all forms of battery-based vehicles, including conventional hybrids, plug-ins and battery-electric vehicles, accounted for barely 5% of the American market. But BEV sales, in particular, roughly doubled.
That said, virtually all the growth could be accounted for by Tesla's new Model 3 sedan. Demand for competing long-range offerings like the Chevrolet Bolt EV and Jaguar I-Pace did grow, but at a much slower pace.
Manufacturers such as Mercedes and Volkswagen will have to hope more buyers start to plug in. The good news for them is that AAA found 40 million U.S. motorists would at least consider a BEV in the future, with millennials particularly open. And the long-standing axiom in the auto industry is that the more product available, the bigger the appeal.
Paul Eisenstein is a freelancer for CNBC. His travel and lodging to the New York auto show was paid for by an automaker.
Ford CEO reassures investors of EV plans as it pours money into electric F-150, Mustang-inspired car
An electrical charging port sits on the bodywork of a Kuga Vignale hybrid automobile displayed during a Ford Motor Co. launch event in Amsterdam, Netherlands, on Tuesday, April 2, 2019.Jasper Juinen | Bloomberg | Getty ImagesWith the automaker's first long-range electric vehicle set to be unveiled later this year, Ford officials said Thursday they're on the right path as they “reconceptualize” the company's vehicle lineup as well as its future.
Ford is in the midst of one of the most dramatic transformations the company has faced since founder Henry Ford threw the switch to start the auto industry's first assembly line rolling more than 100 years ago. The automaker is largely abandoning passenger cars in favor of SUVs and crossover vehicles, pursuing the development of self-driving vehicles and exploring the transition from a classic automaker into a provider of mobility services.
The automaker laid out plans last year to spend $11 billion on the technology by 2022 — up from its original target of $4.5 billion by 2020 — to develop 40 new all-electric and hybrid models. The company has already announced two EVs it plans to introduce next year: a fully-electric F-150 pickup and a “Mustang-inspired” electric crossover vehicle.
VIDEO1:2901:29Ford is investing $500 million in electric truck maker RivianThe Bottom Line “When there's new technologies, it takes a while, and there's a tipping point,” CEO Jim Hackett told investors during the automaker's annual shareholder meeting Thursday. “When it happens, you want to be there.”
Investors need some reassurance. While the company's shares are up by more than 33% so far this year, they're still down by almost 8% over the last 12 months. Sales of its first-generation EVs, like the Ford Focus Electric, have been modest at best. Hackett assured investors that more buyers will plug in. Company data shows one in five younger buyers would consider buying an electric vehicle at some point.
That's not far out of line with a study released by AAA on Thursday that found that 16% of American motorists it surveyed are giving serious consideration to an electric car for their next vehicle. The AAA report also said 40 million Americans would consider a battery-electric vehicle, or BEV — especially as prices drop, range improves and it becomes easier and quicker to recharge batteries.
Ford is clearly not alone.
Two of Europe's most powerful automakers, Volkswagen and Mercedes-Benz parent Daimler AG, launched sales of their first battery-electric vehicles this week. VW said it took about 10,000 advance orders for the new ID.3 crossover during the first day, even though the vehicle won't actually reach showrooms until next year. VW AG CEO Herbert Diess last year said his company is committing about $10 billion through 2023 to electrification. He also upped the number of battery-electric vehicles VW expects to sell by 2029 from 15 million to 22 million.
Japan-based Toyota plans to bring more than 10 EVs to market in the next six years, aiming to sell about 5.5 million battery-electric vehicles by 2030. The Renault-Nissan-Mitsubishi Alliance – which launched the world's first BEV, the Nissan Leaf, in 2010, is making a similar push.
Ford was an early proponent of electrification, rushing to market with a mix of conventional hybrids, plug-in hybrids and first-generation battery-electric vehicles, like the Focus Electric. But a variety of factors, including limited range and high sticker prices, limited demand. The automaker briefly hesitated before stepping up its efforts. But since Hackett replaced former CEO Mark Fields in a boardroom coup two years ago this month, he has ordered major new commitments to Ford's electrification, autonomous driving and mobility services efforts — including a “Mustang-inspired” crossover vehicle that's generated all sorts of buzz.
VIDEO3:3103:31Here's why Ford is the only auto stock Cramer endorsesMad Money with Jim CramerThe scant details and cult-following of the Ford's iconic muscle car has helped fuel speculation of what the electric version will look like. “Spy photographers” stake out the routes and locations where Ford is known to test its products, hoping to catch a glimpse of even a heavily camouflaged version of the vehicle.
“There's a lot of intrigue around this product,” said Hackett, adding that, “we're going to be telling our community more about it, but it is going to be a great story about Ford.”
Hackett shed little new light on the car Thursday.
“What we've done is reconceptualized [vehicle design] with all of the extra space that you actually retrieve using battery-electrics into a very, very unique vehicle that takes advantage of some inspiration from our Mustang brand,” Hackett said.
Whether Ford's bet on electrification will pay off is far from certain, as its earlier sales serve to remind observers. Nonetheless, there is a growing belief among those in and around the auto industry that battery power is the way of the future.
Ford plans to bring out a mix of hybrids, plug-ins and BEVs, betting that the unique characteristics of each will resonate with different groups of consumers.
In the Snowbelt, for example, where there are fewer public chargers and cold weather reduces range, analysts like IHS Markit and the Boston Consulting Group see stronger demand for the plug-ins that can switch to gas power when their batteries are depleted.
Rivian EV SUV.Adam Jeffery | CNBCMany experts believe that BEVs will be the long-term solution, a strategy underpinning new competitors like Tesla and suburban Detroit-based Rivian. EV ownership is expected to spike by 2030, according to the International Energy Agency, with an expected 125 million Americans owning an all-electric vehicle by that year.
Rivian revealed a pair of all-electric models, the R1T pickup and R1S sport-utility vehicle, at the Los Angeles International Auto Show last November and hopes to launch production within the next year. Rivian has raised more than $1.2 billion in capital recently, first lining up $700 million from a consortium led by Amazon. Ford kicked in the other $500 million. Rivian agreed to a new battery-powered electric vehicle for Ford as part of the deal.
The tie-up with Rivian will help Ford produce at least one, and likely several, new BEVs, according to industry analysts. But it won't slow the battery-car development program Ford already had underway for vehicles like the all-electric SUV that has gone by the codename “Mach One.”
If handled properly, experts contend, electric vehicles offer a number of advantages, including reduced – albeit displaced – emissions, lower energy costs, reduced vehicle noise and even more roomy interiors. That's because there's no engine under the hood anymore, Ford and most other manufacturers migrating to a skateboard-like platform where batteries and motors are mounted under the load floor.
FCA lures Nissan executive Christian Meunier to lead Jeep brand
Original Article
Nissan: Nissan Group reports April 2019 U.S. sales
April 2019 April 2018 % chg Nissan Group Total sales (units) 95,698 87,764 +9.0 Nissan Division sales 87,207 78,804 +10.7 INFINITI sales* 8,491 8,960 -5.2 NASHVILLE, Tenn. – Nissan Group announced total U.S. sales for April 2019 of 95,698 units, an increase of 9 percent compared to the prior year.Nissan highlights: Nissan Altima sales grew… Continue reading Nissan: Nissan Group reports April 2019 U.S. sales
Mitsubishi Wants UK To Give New Incentives To PHEV Drivers
Automaker says Outlander PHEV drivers drive on electric power half the time Debates around the world continue as to whether plug-in vehicles are ready to go it alone without incentives. One automaker with a deep interest in plug-in hybrid technology says its drivers take plenty advantage of electric-only power. Mitsubishi Motors’ UK branch released this… Continue reading Mitsubishi Wants UK To Give New Incentives To PHEV Drivers
VW ID 3 racks up 10,000 deposits in first day
2020 Volkswagen ID Neo spy shots
Three years after Tesla started taking $1,000 reservations for its Model 3, Volkswagen is racking up similar orders for its upcoming ID 3 hatchback in Europe.
Perhaps not to the degree, sure. Tesla amassed 180,000 orders for its “affordable” long-range electric car in one day in the US, while VW took 10,000 first-day deposits on the day it opened reservations for the ID 3 hatchback.
DON'T MISS: VW names fully electric hatchback ID 3, starts taking deposits in Europe
Still, the advanced orders are a hopeful sign for VW, after Tesla, Nissan, GM, and other automakers got a head start in building long-range electric cars.
Volkswagen said the orders exceeded its expectations, and said that in some cases its computer systems couldn't keep up with the deposits.
READ MORE: VW releases video of electric ID hatchback testing in South Africa
The company is booking reservations for the first edition of the ID 3, the ID 3 1ST, which comes with the long-range 62-kilowatt-hour battery pack, as well as 2,000 kwh of free public charging at Ionity fast charging stations around Europe.
The 62-kwh battery is expected to give the ID 3 a range of 260 miles on the notably generous European WLTP driving cycle. A shorter range, 48-kwh, is expected to deliver closer to 200 miles.
CHECK OUT: VW ID Buggy teases potential of electric-car platform with some beach fun
VW says the ID 3 will go into production by the end of 2019—about six months later than its original estimate—and the first cars will be delivered in Europe in mid-2020.
Volkswagen has no plans to sell the ID 3 the US, though it does plan to import future electric cars based on the ID 3's platform to the US, starting with the ID Crozz later in 2020.
VW’s $2 billion penalty for diesel scam, Electrify America, builds electric chargers across US
Source: Electrify America
Electrify America charging station
Almost a year to the day after opening its first charging station, Electrify America says it is rolling out the country's fastest-growing network of fast chargers.
Funded by $2 billion from Volkswagen's 2016 diesel emissions settlement, it has a goal of building hundreds of stations and putting nearly 2,000 chargers in place by the end of this year.
Many of those will let battery-electric vehicle, or BEV, owners charge up nearly as quickly as they could fill a gas tank. Charging speed — along with the lack of a national network of charging stations — has been cited as a key obstacle to the widespread public adoption of electric cars.
“Longer range and faster charging times are critical to the widespread adoption of electric vehicles,” said Brendan Jones, the chief operating officer at Electrify America, during a conversation at the company's headquarters in Reston, Virginia. It's the equivalent of the classic chicken-and-egg problem.
EVs go mainstream
Extended-range vehicles, offering anywhere from 200 to nearly 400 miles per charge, are starting to roll out in large numbers from mainstream brands such as Daimler, Ford, General Motors and Volkswagen, as well as start-ups such as Tesla and Rivian.
Setting up a nationwide infrastructure is the next big challenge, according to many analysts. An August study by McKinsey & Co. projected it will cost as much as $50 billion to ensure public charging stations are as easily accessible as gas stations in three key markets — the U.S., Europe and China. The U.S. alone is expected to require an investment of as much as $11 billion, McKinsey estimated.
Several key players have entered the field and are starting to ramp up efforts to fill the broad gaps that exist across the country. These include Tesla, which has already put into operation 1,441 Supercharger stations across North America, the vast majority of them along U.S. roadways. Those facilities are only available to Tesla owners, but companies such as EVgo and ChargePoint are targeting the rest of the market. So is Electrify America.
Emissions settlement
Electrify America must spend that $2 billion by the end of 2026. The company, based in the suburbs of Washington, D.C., was created as part of Volkswagen's diesel emissions settlement with U.S. and California regulators.
The company is spending that money on a mix of consumer education and infrastructure, the latter drawing the vast majority of the funding. Though Electrify America is housed in the same faceless office complex as Volkswagen's U.S. headquarters, the settlement calls for it to operate as an independent entity. That was underscored by a network television ad the organization ran last year that featured a number of different electric vehicles, including those from Nissan, BMW and General Motors, but none from VW.
Electrify America's charging stations are being outfitted to allow any plug-based vehicle to connect, though Tesla owners will need an optional, proprietary adapter.
The first of its charging stations opened for business about a year ago. Since then, more than 160 have come online, with dozens more in various stages of completion. Each station features an average of four to five chargers, with a maximum of 10 at what are expected to become high-volume locations.
Building out
The goal is to have about 2,800 Level 2 and more than 2,000 Level 3 chargers in operation around the U.S. by the end of this year, said Electrify America CEO Giovanni Palazzo. To put that into perspective, the U.S. Department of Energy said a total of 54,638 public Level 2 and 3 chargers were in operation across the country at the end of 2018.
Electrify America's initial focus is on regions with high levels of EV ownership such as California and parts of the East Coast, he said. But it eventually plans to have charging stations that are no more than 70 miles apart along all major roadways in most states. Urban areas where EV ownership is expected to peak will have more of them.
The Level 2 systems, much like those that electric-car owners can install at home or find at many shopping centers and offices, provide 240-volt current at a rate that normally requires anywhere from four to 10 hours for a long-range vehicle to fully recharge. In many instances, Electrify America is targeting locations where owners who live in multifamily dwellings may not have on-site access to a charger.
The real transformation, industry observers believe, is the emergence of a Level 3 network. Around mid-decade, only a handful were open to the public in the entire country, but they are believed to now number in the 100s of stations and expanding rapidly, according to Palazzo and other experts.
Level 3
The first of these punched out 50 kilowatts of direct current, something that allowed for much more rapid charging — a Chevrolet Bolt EV, for example, can replenish about 80% of its charge in an hour or so.
Moving forward, Electrify America's new Level 3 systems will almost all provide a minimum of 150 kilowatts at 400 volts and many will push even further, taking that up to 250 kW and 800 volts. That's far more than most of the current crop of electric cars can handle. The new Porsche Taycan will be the first to be able to make full use of the technology, which can add about 20 miles of range per minute.
Source: Porsche
2019 Porsche Taycan
“That will let it recharge in about 10 minutes,” said Jones, “about the same amount of time as it takes to fill up a gas tank.”
To make things easier and speed up the charging process, Electrify America this week is rolling out a new smartphone app that can be used to locate its charging stations and see how long it will take for someone already hooked up to finish charging.
At the company's technical center, a short drive from its Reston headquarters, chief engineer Seth Cutler demonstrated to reporters last week what he hopes will further improve the customer experience and shave another minute or two off the charging process.
Tricky pricing
Normally, a user has to plug their vehicle in and go through a set-up process similar to paying for a tank of gas. But this time, as Cutler plugs a car into a charger prototype, everything is handled automatically. New software allows the charger to query the vehicle's on-board controller to find out how much power it can handle and how to bill it.
Pricing is still a bit of a challenge for EV owners. At home, based on typical U.S. energy rates of around 11 cents a kW, a vehicle like the Chevy Bolt, with a 65 kilowatt-hour pack, will cost less than $10 to “fill up.” And many owners are eligible for time-of-day rates that drop substantially when charging overnight.
That's why industry data show that about 80% of EV owners currently charge either at home or at an office during the day, noted Electrify America's Jones.
But the forecast is that more and more buyers won't have ready access to those Level 2 systems, while others will tap out their batteries while traveling longer distances, requiring them to plug into a commercially operated charging station.
Pricing can vary from company to company and even from one state to another. Charging companies typically offer discounted subscription services, but they also penalize nonsubscribers with “hook-up” fees of as much as $5.
More than gas
More often than not, motorists are billed on a per-minute basis, and that can add up if a vehicle is slow to charge, as I found out plugging in a Hyundai Kona EV to an EVgo charger in Ferndale, Michigan, earlier this year. After about 50 minutes, the battery crossover had gained only 80 extra miles of range on the 50 kW Level 3 system. The bill? Around $16, or 20 cents a mile. At the time, Michigan gas cost around $2.30 a gallon. A gasoline-fueled Kona, with mileage of 23 city and 28 highway, would have averaged less than 10 cents a mile.
While faster Level 3 chargers operated by Electrify America and other companies levy a higher fee when pumping out more current, the premium is modest, so it still works out to a lower final price. And that's before factoring in the convenience of not having to wait around for an hour or so.
Electrify America is now dropping its prices by 20%, which should make running an electric car while having to use public charging stations more cost-competitive with a gasoline vehicle, said Jones.
Yet another step some charging companies are taking will let their systems talk to one another and, in the process, accept competitors' subscribers without charging exorbitant hook-up fees.
Such steps will be critical to gaining acceptance for battery-electric vehicles, said Palazzo and Pasquale Romano, the CEO of ChargePoint.
In the red
..
EU car wifi plan delayed as countries await legal advice
BRUSSELS (Reuters) – The European Commission’s plan for a wifi-based standard for cars endorsed by Volkswagen faces a two-month delay as EU countries wait for legal advice on the proposal, giving a glimmer of hope to backers of the rival 5G technology. Envoys from the 28 EU countries met on Wednesday and agreed to extend… Continue reading EU car wifi plan delayed as countries await legal advice
Nissan LEAF Scored Its Best April Sales Result In Japan
In April 2019, Nissan sold less than 1,000 LEAFs in Japan, but it’s a relatively high result for the LEAF. In April, Nissan LEAF sales in Japan finally returned to growth year-over-year, but the first month of the new fiscal year is typically the slowest one. In total, Nissan LEAF registrations amounted to 970 (up 11%), which… Continue reading Nissan LEAF Scored Its Best April Sales Result In Japan