Brussels, 5 February 2019 – Ahead of next week’s final EU negotiations on CO2 standards for trucks, the European Automobile Manufacturers’ Association (ACEA) reiterates its support for a timely agreement on this regulation. At the same time, ACEA cautions policy makers that these first-ever CO2 targets will only be achievable if they are accompanied by… Continue reading Press Releases – New CO2 targets for trucks must be ‘achievable in practice’ cautions industry
Tag: Electric vehicles
Electrify America to use Tesla Powerpacks at some charging stations
Charging network operator Electrify America has announced plans to install battery storage units made by Tesla at over 100 of its charging stations. EA will deploy Tesla Powerpack systems consisting of “a 210 kW battery system with roughly 350 kWh of capacity” at over 100 charging stations. A modular system will allow EA to increase… Continue reading Electrify America to use Tesla Powerpacks at some charging stations
First ~3,000 Tesla Model 3s For European Customers Arrive In European Port — Pictures!
Just after publishing Maarten's superb article on the electric vehicle explosion coming to Europe in 2019, I got word of the Glovis Captain arriving into Port of Zeebrugge in Belgium. I threw some tweets about this into the bottom of Maarten's article, but given how long Europeans have patiently waited for their Model 3s, it seemed the news deserved its own headline
Daimler doesn’t rule out future cooperation with Tesla: Report – CNBC
Daimler does not rule out cooperating with Tesla in future even though the German luxury car producer sold its stake in the U.S. electric vehicles company, Daimler’s chief executive told a Polish newspaper. Dieter Zetsche told the daily Rzeczpospolita that after selling the Tesla shares he “never regretted it. This does not exclude a cooperation… Continue reading Daimler doesn’t rule out future cooperation with Tesla: Report – CNBC
Saudi Arabia — which Elon Musk claimed would back a buyout — cut its Tesla exposure: FT
Bobby Yip | Reuters
Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China.
Saudi Arabia has reportedly taken out an insurance policy on its investment in Tesla, which dramatically cuts its net exposure to the stock, just months after CEO Elon Musk claimed the kingdom was prepared to back a deal to take the electric car maker private.
Musk settled fraud charges with the Securities and Exchange Commission in September over the claim, agreeing to step down as Tesla's chairman, pay a $20 million fine and appoint new board members.
In recent weeks, Saudi Arabia's Public Investment Fund has hedged nearly its entire 4.9 percent stake in Tesla, the Financial Times reports. That means the PIF still holds the shares, but it has taken out other positions that protect it from a drop in Tesla's stock price.
Tesla tanks after Elon Musk lays out a 'difficult' road ahead
5:37 PM ET Fri, 18 Jan 2019 | 05:31
The Financial Times first revealed the PIF's stake in August. Almost immediately after that, Musk tweeted that he had secured funding to take Tesla private at $420 per share, later explaining that the Saudis would back the buyout. The SEC later charged the remarks were “false and misleading.”
According to the FT, the PIF put the hedges in place after the market closed Jan. 17 with the help of J.P. Morgan bankers. The following day, Tesla announced layoffs and warned of “very difficult” times ahead. Tesla's stock price has fallen about 15 percent since then.
Musk told the FT that there hasn't been communication with the PIF in months and Tesla is not aware whether the kingdom still holds the shares. The PIF and J.P. Morgan declined the FT's offer to comment.
Tesla's stock initially dipped by more than 2 percent on the FT report, but the shares ended the day down modestly.
While Saudi Arabia is the world's largest oil exporter, its investment in electric car pioneer Tesla is part of Crown Prince Mohammed bin Salman's drive to diversify the nation's economy. The PIF has become a major investor in tech companies under Crown Prince Mohammed.
Read the full story here.
New Battery Cell Patented By Tesla: Faster Charging, Lower Cost
The new battery cell comes with improved chemistry which might result in faster charging and discharging, better longevity, and even lower cost Coming from the Tesla battery research group, this patent promises an incremental step in improving the current Li-Ion batteries that are used in most electric vehicles. The research group – led by Jeff Dahn… Continue reading New Battery Cell Patented By Tesla: Faster Charging, Lower Cost
Kia Niro EV drive, Tesla service, electric car ads: Today’s Car News
2019 Kia Niro EV first drive – Santa Cruz, CA – February 2019
Tesla plans to make service quicker, easier, and automatic. National Electric Vehicles Sweden bought a stake in Swedish supercar maker Koenigsegg. And our latest Twitter poll asks for readers' opinions about electric-car ads. All this and more on Green Car Reports.
In our first chance to drive the 2019 Kia Niro EV, we found a lot to like—along with a few missed opportunities.
In Tesla's quarterly update to investors last Wednesday, CEO Elon Musk said one of the company's priorities for 2019 is to speed up service. He plans to make it so fast that a tow truck will automatically arrive with a loaner whenever a Tesla breaks down—even before the driver calls for help.
Chinese owned National Electric Vehicles Sweden—the company that owns the remnants of Saab and builds electric versions of the last Saab 9-3, bought Swedish exotic car-maker Koenigsegg, in a move that could presage yet another very fast electric car.
Our Twitter poll for this week—in honor of Audi's Superbowl ad for electric cars yesterday—asks, “What EV advantages should ads emphasize for the masses in 2019?”
Following Audi's Superbowl ad for its upcoming electric-car lineup, Canadian labor union Unifor blasted automakers for sending production to Mexico in an ad of its own, which called for a boycott of models GM builds in Mexico.
Finally, a spy photographer caught a test mule for VW's upcoming ID Crozz on the road. Although it doesn't show the car's final body, the photos do give some hints about its layout. The ID Crozz is expected to be the first of a new range of electric cars that VW plans to sell in the U.S.
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Tesla Inks Deal To Acquire Maxwell Technologies In Stock Deal
Tesla and Maxwell Technologies have drafted a proposal that Maxwell executives have agreed to that, if shareholders agree, would result in Tesla acquiring the company in a stock deal. The deal is detailed in a letter from Maxwell and an 8-K Filing with the SEC filed by the company on February 4th,
VW’s Electrify America will use Tesla battery packs to lower charging costs
Electrify America, the entity set up by Volkswagen as part of its settlement with U.S. regulators over its diesel emissions cheating scandal, plans to install Tesla Powerpack battery systems at more than 100 of its electric vehicle charging stations this year. Electrify America aims to use the Tesla Powerpacks to offset the cost of charging for… Continue reading VW’s Electrify America will use Tesla battery packs to lower charging costs
Germany edges out China in Bolivia in the new lithium ‘Great Game’ – The Japan Times
UYUNI, BOLIVIA/BERLIN – When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new “Great Game” in which big powers like China are jostling across the globe… Continue reading Germany edges out China in Bolivia in the new lithium ‘Great Game’ – The Japan Times