Wed.Apr 20, 2022

Toyota investing $383M in US engine production

Green Car Congress

Toyota will invest $383 million in four of its US manufacturing plants—in Alabama, Kentucky, Missouri and Tennessee—to support the production of four-cylinder engines, including options for hybrid electric vehicles. Toyota customers want vehicles that are fuel-efficient and electrified.

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BMW reveals fully electric i7 flagship sedan—as a version of redesigned 7-Series lineup

Green Car Reports

The all-electric flagship sedan of the BMW lineup, the 2023 BMW i7, has been revealed. And it looks virtually interchangeable with the rest of a completely new 2023 BMW 7-Series lineup revealed Wednesday.

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California “gasoline superuser” bill advances; focusing ZEV incentives on reducing gasoline use

Green Car Congress

The California Assembly Transportation Committee passed a landmark ZEV incentive reform bill, AB 2816 , by a 6-2 vote on Monday. The bill, introduced by Assemblymember Phil Ting (D-San Francisco), directs the California Air Resources Board (CARB) to maximize the climate and equity impacts of the state’s Zero Emission Vehicle (ZEV) incentive programs by linking the amount of incentive to a driver’s past gasoline or diesel consumption level, with larger amounts for lower income drivers.

VW CEO says electric pickup would be "the chance of a lifetime"

Green Car Reports

An electric pickup truck would be "the chance of a lifetime," Volkswagen Group of America CEO Scott Keogh said in a recent interview with Business Insider.

EIA expects summer US real gasoline and diesel prices to be the highest since 2014

Green Car Congress

The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 per gallon this summer driving season—April through September—compared with last summer’s average price of $3.06/gal.

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Up close with the Lincoln Star concept: Smoother styling, new platform for brand's future EVs

Green Car Reports

Lincoln is celebrating its 100th anniversary this week—not of the company’s founding in 1917 but its acquisition by Ford five years later.

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Mercedes-Benz unveils EQS SUV

Green Car Congress

Mercedes-Benz has unveiled the EQS SUV—the third model after the. EQS and EQE sedans based on this architecture developed for electric vehicles.

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IonQ and Hyundai Motor expand partnership to use quantum computing for object detection

Green Car Congress

Quantum computing company IonQ and Hyundai Motor Company are partnering to apply quantum machine learning to image classification and 3D object detection for future mobilities. Image classification and 3D object detection are foundational steps toward the next generation of mobilities, including autonomous vehicles.

Tesla Tequila limited edition bottle, glass set sold out lightning fast

Teslarati

Like most Elon Musk products, the Tesla Tequila limited edition set sold out lightning fast. The set came with a lightning-shaped bottle with two matching sipping glasses.

New company Statevolt plans $4B 54GWh gigafactory in Imperial Valley; local lithium and geothermal from Hell’s Kitchen

Green Car Congress

Lars Carlstrom, the founder-CEO of Italvolt , announced the launch of a new company, Statevolt, which will construct a 54GWh Gigafactory in Imperial Valley, southern California with an expected CapEx of $4 billion. To launch the new facility, Statevolt has also signed a Letter of Intent (LOI) with Controlled Thermal Resources (CTR) ( Earlier post ).

Tesla aims to produce 1.5 million cars in 2022

Teslarati

Tesla aims to produce 1.5 million cars in 2022 with the help of its Gigafactories in Shanghai, Berlin, and Texas. The Fremont Factory, Tesla’s original headquarters in California, will contribute to production numbers, too — as always. .

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Adamas Intelligence forecasts global demand for NdFeB magnets to increase at CAGR of 8.6% through 2035; shortages of alloys, powders, REE expected

Green Car Congress

In its new Rare Earth Magnet Market Outlook to 2035 report, Adamas Intelligence forecasts that global demand for NdFeB magnets will increase at a CAGR of 8.6%, bolstered by double-digit growth from electric vehicle and wind power sectors. This will translate to comparable demand growth for the rare earths elements (i.e., neodymium, praseodymium, dysprosium and terbium) these magnets contain.

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SpaceX-launched Uranus mission a top priority of new decadal survey

Teslarati

The National Academies of Sciences, Engineering, and Medicine have published their latest decadal survey of planetary science and astrobiology, revealing a recommendation that NASA prioritize the development of a flagship mission to Uranus baselined to launch on SpaceX’s Falcon Heavy rocket.

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LG Magna e-Powertrain celebrates groundbreaking of new facility in Mexico; electric powertrain components for GM from 2023

Green Car Congress

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics (LG) and Magna International Inc. Magna), celebrated the groundbreaking of its new plant in Ramos Arizpe, Mexico. Scheduled for completion in 2023, the new facility will produce inverters, motors, and on-board chargers to support General Motors’ electric vehicle (EV) production. The 260,000 square foot plant will be LG Magna e-Powertrain’s first production base in North America and is expected to create around 400 new jobs.

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Tesla (TSLA) Q1 2022 earnings results: Another beat with 19% operating profit and margin

Teslarati

Tesla’s ( NASDAQ:TSLA ) first-quarter 2022 earnings saw the company post a challenging yet impressive quarter. The results, which were discussed in the Q1 2022 Update Letter, were released after the closing bell on Wednesday, April 20, 2022.

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In-use emissions report for Achates heavy-duty OP diesel shows substantial margin to most stringent EPA NOx proposed regulation

Green Car Congress

Achates Power has released initial in-use NO x measurements from the cleaner, heavy-duty diesel engine it developed in a project funded by the California Air Resources Board (CARB) and several partners. Achates Power previously announced the opposed-piston has entered fleet service with WALMART Corporation in a Peterbilt 579 tractor. Earlier post.).

Elon Musk to young entrepreneurs: “Do you like minting money? The Lithium business is for you.”

Teslarati

Elon Musk advised young entrepreneurs to get into the Lithium business. During the Q1 2022 live Q&A webcast, Tesla talked about some of the challenges it is still facing, particularly regarding raw materials and logistics. .

BMW unveils i7 electric car with over 300 miles of range and a less polarizing design

Electrek

BMW has unveiled its latest electric car, the BMW i7, as part of the next-generation 7 Series. The new electric car will offer over 300 miles of range and a design closer to BMW’s more traditional look. more….

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Tesla Model 3 to embark on grand 9,400-mile journey using printed solar panels

Teslarati

A team of scientists from the University of Newcastle in Australia will be using a Tesla Model 3 as a means to test printed solar panels that they believe could be the next big thing in affordable, sustainable solutions.

Ford sells 750 E-Transit cargo vans to Penske Truck Leasing?

Electrek

Reading, Pennsylvania-headquartered Penske Truck Leasing has ordered 750 electric Ford E-Transit cargo vans and is taking delivery of the first of those EVs in the next several weeks. This follows Penske’s successful pilot of the EVs in late 2022. more….

Tesla Model 3 fleet chosen as new law enforcement vehicle in Texas county

Teslarati

A fleet of Tesla Model 3s will now be the patrol vehicles for Dallas County, Texas, law enforcement officers. The Dallas County Commissioners Court approved the purchase of three Model 3 all-electric sedans yesterday.

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Audi Urban Sphere envisions a lounge-sized EV for the city

Green Car Reports

Audi on Tuesday unveiled the Urban Sphere concept, a large electric van and the latest of the automaker's Sphere series of EV concepts.

Tesla plans to produce Model Ys with both 4680 and 2170 cells at Gigafactory Texas this year

Teslarati

Tesla said in its Q1 2022 Shareholder Deck that it anticipates Model Y vehicles built at its new Gigafactory Texas production plant to equip both 4680 battery cells with a structural pack and 2170 cells without structural packs.

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Tesla (TSLA) confirms its order rate surged after the Super Bowl

Electrek

Tesla has confirmed that its order rate surged following this year’s Super Bowl, which featured many electric vehicle ads.

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Tesla says ‘nearly half’ of the vehicles it produced in Q1 equipped LFP batteries

Teslarati

Tesla revealed in its Q1 2022 Shareholder Deck that “nearly half” of the cars it produced in the first quarter equipped LFP (lithium iron phosphate) battery cells that are free of nickel or cobalt.

Tesla (TSLA) releases Q1 2022 results: beat both revenue and profit expectations in record quarter

Electrek

Tesla (TSLA) has released its financial results and shareholders letter for the first quarter of 2022 after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.

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Can Tesla’s two new factory openings outshine Shanghai shutdown?

Teslarati

Tesla’s ( NASDAQ: TSLA ) accomplishment of opening two new production facilities in 2022 marked a doubling in the automaker’s number of active automotive production facilities.

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Audi shares new extra-thicc urbansphere concept described as a ‘lounge on wheels’

Electrek

Audi has unveiled its third EV in its sphere concept series, the latest arriving as the German automaker’s largest to date.

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The Boring Company raises $675M to scale boring machine production & more

Teslarati

The Boring Company (TBC) announced that it raised $675 million in a Series C funding round led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. The financing values The Boring Company at $5.675 billion.

Uncle Sam wants you … to help launch geothermal energy pilot schemes

Electrek

The US Department of Energy (DOE) yesterday issued a request for information (RFI) to support $84 million in enhanced geothermal systems (EGS) pilot demonstration projects. It’s part of the Biden administration’s Bipartisan Infrastructure Law, which passed last year. more….

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CU Direct developing tool to provide Tesla buyers easier access to credit unions

Teslarati

Credit Direct is working on a tool that would make lending easier for Tesla buyers. The COO of CU Direct, Bob Child , said that the company expects to have a system working later this year. The tool will allow online Tesla buyers to pick a credit union as a lending option. .

Lincoln debuts Star SUV Concept, promises four new luxury EVs by 2026

Electrek

Following a shadowy teaser video earlier this month, Lincoln has officially unveiled a new all-electric SUV concept called the Star.

BMW i7 revealed, Audi Urban Sphere concept, VW electric pickup: Today’s Car News

Green Car Reports

BMW’s near-term electric future looks just like its gasoline one. Audi conceives an electric van around autonomous driving in the city. And is VW considering an electric pickup after its electric Microbus? This and more, here at Green Car Reports.

Luna launches its first hub motor e-bike and lowest-cost model yet, the feature-packed Luna Eclipse

Electrek

Luna Cycle, the California-based electric bike company that has always shirked industry norms in favor of the path less traveled, has just launched an interesting new e-bike known as the Luna Eclipse. more….

LIVE BLOG: Tesla (TSLA) Q1 2022 earnings call

Teslarati

Tesla’s ( NASDAQ:TSLA ) first-quarter 2022 earnings call comes on the heels of yet another record quarter that saw the company posting $3.6 billion GAAP operating income and an impressive 19.2% operating margin.

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Tesla (TSLA) gets record new price targets ahead of earnings

Electrek

Tesla bulls are rallying behind the automaker’s stock (TSLA) ahead of earnings with new record price targets from two analyst firms. more…. The post Tesla (TSLA) gets record new price targets ahead of earnings appeared first on Electrek.

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Tesla Q1 2022 earnings call: What analysts are expecting

Teslarati

Tesla ( NASDAQ:TSLA ) will be holding its first-quarter earnings call after markets close today, April 20, 2022. The Tesla Q1 2022 earnings call will begin at 4:30 p.m. CT / 5:30 p.m.