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EV News Daily - Technology and Business of EVs

22 Feb 2024 | Briefly

EV News Daily - Technology and Business of EVs

Martyn Lee

Business, Leisure, Technology, Automotive

4.8749 Ratings

🗓️ 22 February 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

It’s EV News Briefly for Thursday 22nd February, 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.

UAW Invests $40 Million in Organizing Efforts for Auto and Battery Sectors https://evne.ws/3SZwuLe

Cadillac Lyriq Requalifies for $7,500 EV Tax Credit https://evne.ws/3SXznMP

Rivian Reduces Q4 Loss and Plans Workforce Reduction https://evne.ws/3wDxM7q

Mercedes-Benz EQS Update Spied Ahead of Cadillac Competition https://evne.ws/3SZYLBD

Apple Introduces Enhanced CarPlay Experience in iOS 17.4 Update https://evne.ws/3v1lXXU

Hyundai Motor Introduces Comprehensive EV Care Program https://evne.ws/3wBtUDR

EV Adoption Could Reduce Childhood Asthma and Infant Mortality https://evne.ws/3wzH7x3

LG Energy Boosts LFP Battery Material Supply https://evne.ws/3SWZrYf

Europe Sees Surge in EV Sales with Germany Leading https://evne.ws/3SYZ1Av

Hyundai Set to Launch IONIQ 7, Its First Three-Row Electric SUV https://evne.ws/4bW8Rfh

BYD Debuts Revamped Dolphin with Price Strategy https://evne.ws/3T0rcPw

Lotus Technology Hits $5.5 Billion Valuation with Nasdaq Listing https://evne.ws/3SPb5UU

Transcript

Click on a timestamp to play from that location

0:00.0

It's TV news briefly for Thursday 22nd of February, everything you need to know in less than five minutes.

0:05.2

If you just haven't got time with that full podcast, I'll be back later.

0:08.6

But Patreon supporters get the episodes ad-free.

0:11.7

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

0:13.8

The UAW United Auto Workers Union are going to invest $40 million to organize efforts at EV plants and, importantly, battery plants that aren't currently unionized.

0:28.1

They are proactively going after these new battery jobs in the US.

0:33.0

They say to ensure that everyone has a secure employment standard.

0:36.8

The Cadillac Lyric is now re-qualifying for the $7,500 federal tax credit,

0:44.0

all because of the supply of parts inside the battery.

0:47.4

If you're interested, it is battery separators and electrolytes.

0:51.3

They've changed, and that means they're now under the limit,

0:55.3

so they can once again get the federal tax credit. Rivian has reduced their losses. It is still fabulously

1:02.0

loss-making in terms of losing $1.5 billion in the quarter, but still their revenue is doubling to 1.32 billion,

1:13.0

and they've got the new R2 platform coming on March.

1:16.3

The seventh, I believe it is.

1:17.9

So we're looking forward to that.

1:19.0

And I think there's still a good news story around Rivian, to be told, despite all the negative

1:23.8

headlines I saw today, which was that they're still losing money.

1:27.1

But yep, so is lucid, and so did Tesla for 17 years. Well, Mercedes-Benz are updating their

1:32.5

EQS, not a full redesign. There's a full redesign of the Merck's coming soon with the old-fashioned

1:38.8

grill coming back and the big Mercedes silver kind of pop-up logo thing on the front, emblem badge, I should say.

1:46.4

But for now, a new front and back end of the EQS for this redesign.

...

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