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EV News Daily - Technology and Business of EVs

11 May 2024 | Briefly

EV News Daily - Technology and Business of EVs

Martyn Lee

Business, Leisure, Technology, Automotive

4.8749 Ratings

🗓️ 11 May 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

It’s EV News Briefly for Saturday 11th May, everything you need to know in less than 5 minutes if you haven’t got time for the full show. I’ll be back later but Patreon supporters get the episodes as soon as they’re ready AND ad free. You can be like them by clicking here.

Musk Commits $500M to Supercharger Expansion Amid Layoff Controversy https://evne.ws/3WEh7v6

Tesla's Layoffs Jeopardize Biden's Highway Electrification Plan https://evne.ws/44CPnJv

Tesla Drastically Reduces North American Job Openings Amid Layoffs https://evne.ws/3wJHkOi

Rivian forecasts that its production will remain flat this year at 57,000 vehicles https://evne.ws/3UE87DQ

Chevrolet Equinox EV Boasts Impressive 319-Mile Range and Efficiency https://evne.ws/3wFsZ5u

NIO Achieves 500,000 Vehicle Production Milestone in China https://evne.ws/3UxdlkI

Chinese EV Battery Giants Establish Foothold in Hungary https://evne.ws/3UzwaDQ

Ford Revises European EV Strategy Amid Lower-Than-Expected Demand https://evne.ws/3UI1wZ6

Global Electric Vehicle Sales Surge 19% in March 2024, Defying Expectations https://evne.ws/3ykHL2g

Trump Demands Debate, Claims Biden Mandates Electric Cars for All https://evne.ws/4bg3mr8

Transcript

Click on a timestamp to play from that location

0:00.0

It's EV News briefly.

0:01.5

Everything you need to know about EVs in less than five minutes.

0:03.6

If you haven't got time for today's full podcast, Patreon supporters, get these shows ad-free.

0:08.0

Be like them by clicking on a link in the show notes.

0:11.0

Despite laying off nearly the entire 500-member Supercharger team last week, the CEO of Tesla,

0:16.5

Elon Musk, taking to Twitter to say that Tesla will spend over $500 million on expanding the

0:22.6

supercharging network to create thousands of new charges this year, critics saying that's

0:28.3

nice for you. You don't have anybody to actually roll those out, though. The announcement coming

0:32.9

amid concerns raised by shareholders and drivers of the vehicles following sudden layoffs of one of the

0:39.6

most highly regarded bits of the business, the supercharging team.

0:44.0

They could also jeopardize the electrification plan in the United States with Tesla securing

0:51.0

awards from the Nevi funding, the NEI program allocating $5 billion over five years

0:57.8

to the states to build EV charges. Sixty-nine of the 500 sites announced went to Tesla,

1:04.7

question marks over whether those will move ahead. Rivian's Q1 earnings. Some takeaways from the first quarter at Rivian. They reported a

1:14.8

net loss of $1.45 billion, but still have plenty of cash in the bank. They're losing about $39,000

1:20.6

per vehicle sold, but they are optimistic. The runway points towards breaking even by the end

1:26.6

of the year. And of course, the R2, the more mainstream, high-volume vehicle coming in 2026.

1:36.3

The Chevrolet Equinox has its EPA ratings now, 319 miles on the front-wheel drive.

1:43.8

First two versions on sale for that is the front-wheel-drive version, the all-wheel-drive version, 319 miles, that's 513 kilometres for the single-motor version. The 1-L-T version has an MSRP of $33,000, but there's destination charge, but also a tax credit to take off of that.

2:03.5

Effectively, it's a $27, $28,000 vehicle at MSRP, which makes it very attractive in terms of

2:10.7

how much you're spending to get that amount of range.

2:14.0

Neo just made their 500,000th vehicle.

...

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