22 Feb 2024 | Briefly
EV News Daily - Technology and Business of EVs
Martyn Lee
4.8 • 749 Ratings
🗓️ 22 February 2024
⏱️ 4 minutes
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Summary
Transcript
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| 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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