The first Opel concept based on GM’s Volt extended-range electric platform was the Ampera, a cheap rebadge that made onlookers exclaim “lands alive, that’s a cheap rebadge!” Since the Ampera debuted, a river of bad blood has flowed under the bridge of GM-Opel relations, and in an apparent pique of independence, Opel has declared its freedom from the corporate mothership with this re-imagining of the Volt, called the Flextreme. And it might just show the way out of GM’s European family feud: GM technology underpinning starkly Teutonic, vaguely upscale designs which stubbornly refuse to acknowledge their technical roots sounds like as good a vision for Opel as we’ve heard yet. Too bad about the money problems. And the Flextreme’s less-than-subtle Lexus LF-A cues. And the fact that the Flextreme would make a crap Buick.
Dow Jones [via Easybourse.com] has a hot release that is sure to be burning up the wires: Daimler and Chinese EV firm BYD have signed a deal to develop an electric vehicle “specific to the requirements of the Chinese market.” The new EV will be sold under a new, jointly-run brand and will be developed at a new Chinese technology center to be built as part of the joint venture. According to the release, “the companies’ understanding also includes further discussions on additional business opportunities of mutual interests,” all of which raises some interesting questions. Like why Volkswagen was caught napping: the Wolfsburg boys reportedly signed a MOU with BYD last March, but somehow Daimler has beaten them to the punch… on the very same day that VW announced that it wants to be the electric-mobility market leader by 2018, no less. Another open question: why develop a EV for the Chinese market, when that market’s tolerance for EV premiums appears to be fairly low? After all, with Daimler providing the car expertise, BYD might have a chance at the US and European markets where EV demand is actually proven. Also, how screwed is Tesla at this point? Though these questions remain very much unanswered, BYD is certainly making progress towards becoming a major car biz player, despite the many criticisms that have been leveled against it.
Brazil and some in the U.S are firmly backing ethanol as the fuel of the future. The UK thinks that electricity is the way forward, and they’re putting our money where their mouth is. The Independent UK reports that 11,000 charging points for electric cars are to be built in London, Milton Keynes and the North East. This project is being part supported by the UK government to the tune of £30 million. Coincidentally, the North East is where Nissan’s UK plant is. Is the government trying to butter someone up to produce a certain type of vehicle there? If successful, (or the government wants to force it on the public) then a second wave of charging points will roll out.
This shouldn’t really come as a, well, shock as the government is solidly pro-electric cars. In the pre-budget reports, Chancellor Alistair Darling announced tax rebates for electric cars. But there is another little problem: Read More >
Li-ion battery start ups have been the dot.coms of the last few years. And like that not-so little bubble, a report now warns of a brewing global overcapacity, and coming shakeout. Some sixty li-ion battery makers are in various stages of development and production, fueled by projected EV demand. GreenCarCongress reports:
a new report from Roland Berger Strategy Consultants, planned investments in lithium-ion manufacturing will result in significant overcapacity between 2014 and 2017 relative to the demand generated by that growth, especially in the US and in Japan.
As a consequence, Roland Berger forecasts, only six to eight global battery manufacturers will survive the next five to seven years. These are the findings of a new market survey conducted by Roland Berger Strategy Consultants titled “Powertrain 2020: Li-ion batteries – The next bubble ahead?” Read More >
Take One: The Ruf 911 Greenster EV. From AB Green’s report:
Last fall, Porsche high performance tuning specialist Ruf announced that it had built a prototype electric sports car called the eRuf which was essentially a lithium ion battery-powered 911. That was just the beginning of the story as the company has brought the Greenster here to Geneva. The Greenster is a targa top 911 in the old style with a chopped speedster type windshield. In the back sits a 270 kW Siemens electric motor with 695 lb-ft of torque. The battery pack system has been improved and is now 30 percent smaller in volume, restoring the front trunk space that was lost on the original. The battery pack now has greater power capacity allowing it to release and absorb power faster, enabling more regenerative braking capacity. The battery can apparently be charged in only one hour from a 400V outlet. The next iteration will switch to a twin motor setup and the company is planning a small series production run in 2010.
Porsche 911 have been a favorite target for EV conversions fir decades. Ruf’s version is almost series ready. It will probably have an EPA mpge rating similar to the Tesla’s 256 mpge. How many would Porsche have to sell to increase its fleet average to the amount necessary? Read More >
Honda looks 50 years into the future, and comes away with the 3R-C Concept, an EV commuter that has a surprising amount in common with the Neighborhood Electric Vehicles of that became hugely popular during the high gas prices of the Summer of 2008. The 3R-C will debut at the Geneva Auto Salon.
Typically, the only reports on China’s BYD involve booming Chinese sales, unproven future products, and Warren Buffett’s investment in the battery and auto manufacturing conglomerate. But these don’t tell the whole story of how BYD has emerged from relative obscurity to publicly announcing that it intends to challenge Toyota to become the world’s top automaker by 2018. Chinese outlet Caixin [via GreenCarReports] attempts to shed some light on BYD and what it takes to rise to the top of China’s massive manufacturing industry, in a piece titled “How Manufacturing’s Mockingbird Sings.” The piece details BYD’s reliance on reverse engineering, the practice of stripping down competitor automobiles and components and copying them, and its extreme (even by Chinese standards) dependence on cheap labor.
Fisker’s Karma won’t compete directly with Chevrolet’s Volt or Opel’s Ampera, but it will be the only other Extended Range Electric Vehicle (EREV) on the market when it goes on sale later this year. But GM isn’t taking the challenge laying down, showing this Opel “Flextreme” Concept as a vision of a Volt-based four-place coupe, a theoretical (and vaguely Lexus LF-A-inspired) challenge to Fisker’s EREV luxury four-door. Too bad Opel’s facing nearly as many challenges as Fisker is…
As GM tools up for production of its Volt extended-range electric car, Automotive News [sub] has noticed something interesting: workers at GM’s new battery pack assembly plant are not represented by the United Auto Workers. Located in the heart of UAW territory (Brownstown Township, MI), the Volt battery plant represents the very jobs that local politicians and GM leadership hailed as the green future of the auto industry. When the plant opened, GM Chairman/CEO Ed Whitacre waxed eloquent about the opportunities:
The development of electric vehicles like the Chevy Volt is creating entire new sectors in the auto industry – an “ecosystem” of battery developers and recyclers, builders of home and commercial charging stations, electric motor suppliers and much more. These companies and universities are creating new jobs in Michigan and across the U.S. – green jobs – and they’re doing it by developing new technology, establishing new manufacturing capability, and strengthening America’s long-term competitiveness.
As long as they do so without UAW representation, apparently. Needless to say, if GM can get away with using non-union workers at a crucial plant that’s supposed to represent the firm’s future, things aren’t looking so good for our friends in organized labor.
Does Tesla’s S-1 SEC filing leave you worried about the state of EV startups? The great thing about the seamy underbelly of the EV industry is that there’s always a shadier prospect out there to make even marginal cases like Tesla look good. Our perennial favorite in the EV vapor game is ZAP, the erstwhile maker of the Xebra EV (interestingly, the Xebra still shows up on ZAP’s webpage). Zap’s latest play in its never-ending quest for press-release fodder: a tie-up with (get this) a South Korean optics company, best known for its camera lenses and closed circuit TV security systems. Because sometimes you have to cross an ocean to find a sucker big enough to say things like:
Samyang decided to partner with ZAP because of its extensive industry knowledge in electric vehicle production and the breadth and maturity of its current line of electric vehicles
I’ve been warned before by the B&B not to read too much into the forward-looking statements in SEC filings, especially the ones where companies ruminate over all the things that could still go wrong with their struggling firms. These legal disclosures of worst-case-scenarios often reflect unlikely scenarios and can be downright misleading, so we held off from diving too deep into Tesla’s IPO S-1 filing [complete document here]. Others around the web have jumped in without compunction, and this week has yielded a steady drip of troubling revelations. It’s a wild and woolly collection of issues, but given that people are going to be asked to invest in this nightmare of a company, it’s only fair that we give the grievances an airing.
Here’s some gutsy news from one of the gutsier companies around. Tesla filed papers for an initial public offering (IPO) today, hoping to raise up to $100 million. In its Form S-1 registration statement with the SEC, the Silicon Valley start up said the stock would be issued “as soon as possible”. That part is not very surprising, coming on the heels of securing a $465 million loan from the DOE to help build the Model S. But deeper in the that filing comes a couple of juicier facts: Tesla has lost some $236 million so far, and plans to kill the Roadster, its only product on sale, in 2011. Read More >
BMW is playing some PR roulette at the DC Auto Show [via Autoblog Green] with a “study” ostensibly proving that people who lease an electric MINI are “delighted” with the car. As if self-selection weren’t already an issue in a study of people who voluntarily spend $850 per month on a small hatchback, the 57 respondents (out of 450 MINI E guinea pigs) were (you guessed it) self-selected. Why the University of California Davis allows its name to appear on this blatant PR fabrication is difficult to fathom. Especially considering the MINI E rollout was a disaster, the product was compromised, and there are plenty of MINI E critics out there.
It’s one thing to say “the electrification of the car is inevitable” (Bob Lutz) when you’re buying the motors from suppliers. But GM is putting (somebody’s) money where their oracle’s wandering mouth is, and getting into the electric motor building business. The General has announced that $246 million dollars, of which $105 million came from a DOE grant (not loan), will be spent on facilities to build lighter, smaller and more efficient electric motors for the next generation of their two-mode hybrid system and rear-wheel drive applications. Looks like a “slim-Jim” version is being developed for a “future range of rear-drive cars”. Hmm… Read More >
Former Tesla PR man Daryl Siry’s Wired.com Autopia columns are always good for some interesting insights on the EV world… as long as you take them with the grain of salt that Siry’s status as “advisor” to EV startup Coda Automotive demands. This week Siry has it in for the mass-market EV frontrunner, the Nissan Leaf, accusing its makers of “cutting corners” and “overpromising” range specs. According to Siry:
First, Nissan overpromised on the realistic range by consistently quoting a number tied to the most optimistic benchmark, the LA4 cycle. Drivers who stick to stop and go traffic on city streets in temperate climates may indeed consistently see 100 miles of range, but most drivers will see significantly less in a mix of city and highway driving. Driving in California, the country’s top market for electric vehicles, involves a lot of time on highways where the 65 mph speed limit is rarely observed. The LA4 cycle Nissan quotes mostly stay below 30 mph with one two-minute “sprint” at 55 mph every 22 minute cycle.
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