Dec 31 (Reuters) – Chinese electric vehicle developer Faraday Future said on Monday it signed a new restructuring agreement with a unit of its main investor, Evergrande Health Industry Group Ltd, ending a bitter legal fight and clearing the path for raising funds. Season Smart, which agreed to be bought by China’s Evergrande Health, will… Continue reading China’s Faraday Future ends dispute with main investor
Tag: Electric vehicles
Faraday Future gets a lifeline as it settles months-long battle with Chinese investor
The war between electric car startup Faraday Future and its main investor, Chinese real estate conglomerate Evergrande, appears to be over. Evergrande announced on Monday that it has agreed to restructure its $2 billion investment in Faraday Future. The conglomerate will walk away with full control over Faraday Future’s efforts in China, and both sides… Continue reading Faraday Future gets a lifeline as it settles months-long battle with Chinese investor
Demand for Combustion Engine Cars May Have Peaked in 2018
No Sale The reign of the fossil fuel-powered car may be ending. In a report published on Sunday, several experts told the Financial Times that they believe sales of fossil fuel-powered internal combustion engine (ICE) vehicles peaked in 2018, meaning that it’s unlikely that more ICE cars will be sold in any future year— and if they’re correct,… Continue reading Demand for Combustion Engine Cars May Have Peaked in 2018
Hyundai Delivers First 2019 NEXO Fuel Cell SUV
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Stryd running power meter hands-on: Trying focused power training in the new year
While I was a sprinter in high school and college, my favorite way to exercise today is long distance running. Pace has served as my primary metric for years and I seem to have plateued with fairly consistent half marathon times over the last five years. I want to do better in 2019 and am… Continue reading Stryd running power meter hands-on: Trying focused power training in the new year
Exicom aims for leadership in EV charging ecosystem
Exicom aims for leadership in EV charging ecosystem
Combustion engine car sales to hit peak demand in 2018, say analysts
Key markets of China, the EU and US stall as more electric vehicles set to hit roads Go to Source
Pickup drivers target Tesla Superchargers in “ICEing” incidents
Dodge flatbed blocking a Tesla Supercharger in Tennessee, fake charging [CREDIT: freckletan, Reddit]
People are jealous of things they can't (or don't) have.
In a spate of incidents reminiscent of “rolling coal,” truck drivers have begun seemingly intentionally blocking whole banks of Tesla Superchargers across parts of the South.
Trucks blocking Tesla Supercharing station at Sheets in Hickory, N.C. [CREDIT: Leicina, Reddit]
Photos shared across Facebook, Twitter, and Reddit over the weekend showed all kinds of trucks blocking Superchargers, from small pickups to big semis. Some have termed it ICEing—a reference to the internal combustion engines under the hoods of the offending trucks.
The incidents occurred in North Carolina, Tennessee, and Texas, and even overseas.
In two cases, whole rows of trucks either pulled across whole rows of Superchargers or backed in to block several at a time.
READ THIS: 'Rolling Coal' Fine Would Be $5,000 Under Proposed Illinois Law
In two more cases, semi-trucks pulled across rows of Superchargers, blocking them, when other parking was available.
Another time a full-size quad-cab pickup with a fifth-wheel horse trailer did the same.
One flat-bed pickup driver backed into a Supercharger spot and draped the cable onto his pickup bed so it would look like he was charging.
Trucks block Tesla Superchargers in at Hampton Inn, El Paso, Texas [CREDIT: RedfieldStandard, Reddit
So many incidents in a short period of time make it look like an organized campaign, though it's not yet clear who might be behind it.
In the North Carolina case, the pickup drivers reportedly began yelling obscenities about Tesla. Tesla driver and Reddit user Leicina contacted a Sheetz employee, who got the drivers to move the trucks. “Who do you report activity like this to?” Leicina wrote. “It was really uncomfortable.”
In an incident in El Paso, Texas, police were called.
CHECK OUT: What does a “green car” mean to you? Twitter poll results
Many cities have passed laws restricting parking at electric-car chargers, including Tesla Superchargers, to electric cars, or even to electric cars that are actively charging.
The incidents seem to reveal a growing hostility toward electric cars, or at least Teslas, as Tesla moves into more markets across the country.
President Trump has taken issue with electric cars from General Motors after the company laid off 15,000 workers and announced the closing of five factories, including the one that makes the Chevy Volt plug-in hybrid. “All-electric is not going to work,” he tweeted.
DON'T MISS: Plug-in hybrids to charge again in Beverly Hills
And he has promised his constituents that he will save the coal industry, which has not recovered, even as electric-car sales have expanded.
It's also possible that Teslas are being targeted specifically because they are expensive luxury cars and qualify for a large federal tax credit. That credit is shrinking by half for buyers who take delivery after Monday, however. Tesla owns its Superchargers. They are not a government endeavor.
40 Steps & 90 Minutes To Produce Tesla Model 3
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Published on December 30th, 2018 |
by Matt Pressman
40 Steps & 90 Minutes To Produce Tesla Model 3
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December 30th, 2018 by Matt Pressman
Originally published on EVANNEX.
As Tesla’s production ramp for the Model 3 continues to improve, so does its process. Part of this can be attributed to engineering efficiencies. Business Insider reports, “After a recent visit to the company’s Fremont, California factory, analyst Pierre Ferragu of New Street Research, far and away Tesla’s most bullish analyst on Wall Street, said the sedan is ‘biblical’ in its simplicity.”
A look at the Tesla factory in Fremont, California (Image via Tesla)
“We could see the Model 3 assembled, from an empty body to a fully functional car in a bit more than 40 steps and 90 minutes, on a line about 1,000 feet long,” Ferragu said in a note to clients. “Its simplicity is unbelievable.”
In contrast, “A comparable car by any traditional automaker could take anywhere from 130 to 200 steps, Ferragu says, easily setting the Model 3 apart. The findings are similar to what UBS’ Evidence Lab found when tearing down a Model 3 earlier this year, finding ‘next-gen, military grade’ tech below the finish.”
As production picks up at Tesla’s factory, more Model 3s are hitting the roads.
“Model 3 has a bit more than a kilometer of cable, vs. 3x that for equivalent traditional premium cars. But this still feels half-baked,” Ferragu said. “Ultimately, a car with a battery, a motor or two and a screen should have 2 power systems (high and low voltage) and one communication network. For that, about 100m of cabling per car should be necessary.”
Ferragu acknowledges Tesla has plenty of room for improvement. A “crowded mess” and “unnecessary complexity” are still evident from Tesla’s early ramp phase of the company’s Model 3 production process, according to Barron’s. However, as production steadily improves, Ferragu says, “The road to 7,000 units per week seems easy, and limited capital expenditures will be required (in the low tens of millions) to get to 10,000.”
More on Analyst Pierre Ferragu’s observations of the Tesla Model 3 production line at the company’s Fremont factory (YouTube: Wochit Tech)
“We don’t know for sure what demand will ultimately be, but we know that from here, Tesla will expand its price range, introduce leasing, and expand internationally,” Ferragu notes. “All these levers combined have a lot of depth and should be more than enough to get to 10,000 Model 3 per week at the end of next year.”
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About the Author
Matt Pressman is all about Tesla. He’s a TSLA investor, pre-ordered the Model 3, and loves driving the family's Model S and Model X company cars. As co-founder of EVANNEX, a family business specializing in aftermarket Tesla accessories, he’s served as a contributor/editor of Electric Vehicle University (EVU) and the Owning Model S and Getting Ready for Model 3 books. He writes daily about Tesla and you can follow his work on the EVANNEX blog.
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General Motors shares soar as SoftBank invests $2.25 billion in automaker’s self-driving vehicles – CNBC
General Motors said Thursday that SoftBank Vision Fund plans to invest $2.25 billion in GM Cruise Holdings, further boosting the automaker’s efforts with autonomous vehicle technology. GM shares were up nearly 11 percent midmorning Thursday, on track for their best day since the company went public again in November 2010. GM also will make a… Continue reading General Motors shares soar as SoftBank invests $2.25 billion in automaker’s self-driving vehicles – CNBC