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Electric Vehicles News
Teslarati
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Tesla gets a $320 price target from Goldman Sachs
- Goldman Sachs slightly cut its 12-month price target for Tesla from $345 to $320, citing weaker-than-expected vehicle deliveries and demand challenges.
- The bank predicts Tesla will report Q1 2025 deliveries of 375,000 units, down from the consensus estimate of 426,000 vehicles.
- Goldman Sachs attributes the weak Q1 delivery forecast to Tesla's transition to the new Model Y, but expects improved deliveries in China this month.
- Despite short-term challenges, Goldman Sachs sees a bright future for Tesla, particularly in software revenue growth and progress with Full Self-Driving (FSD).
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Insideevs
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A Remote Driver Will Deliver This Kia Niro EV Rideshare Car To You
- A new pilot program called Corktown Carshare has been launched in Detroit by upstart Sway Mobility and software firm Mapless AI.
- Instead of a fully autonomous robotaxi, a remote operator delivers a Kia Niro EV to the passenger's doorstep, who then takes over the wheel.
- Once the passenger is done, the car drives itself to the next rider or a charging station with remote operator assistance.
- The pilot program aims to provide a cheaper mobility option and plans to add more vehicles and features in the future.
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Teslarati
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Foxconn’s ~$900M AI plant in Mexico undeterred by Trump tariffs
- Taiwanese company Foxconn plans to continue construction on its nearly $900 million AI plant in Mexico, undeterred by President Trump's tariffs on Canadian and Mexican goods.
- The plant in El Salto, Jalisco, will be the world's largest assembly plant for servers powered by Nvidia Corp's GB200 AI chips.
- Despite the predicted increase in the cost of doing business in Mexico due to the tariffs, Foxconn and other companies remain committed to investing in the country.
- The construction of the new plant and upgrades to an existing one are expected to be completed within a year.
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Insideevs
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Rivian Slashed R1S, R1T Production Costs By A Massive Amount
- Rivian has achieved a significant reduction in production costs for the R1S and R1T, making them tens of thousands of dollars cheaper to manufacture.
- In the last quarter of 2024, Rivian posted a gross profit of $170 million, mainly due to the cost reduction brought by the model refresh.
- The cost of goods sold per unit produced was reduced by $31,000 through technological enhancements and negotiations with parts suppliers.
- Rivian's CFO also mentioned the upcoming R2 model and plans for more service centers to meet the growing demand.
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Teslarati
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SpaceX announces Starship Flight 8’s new target date
- SpaceX has announced a new target date for Starship Flight 8, scheduled for Thursday, March 6, with a launch window opening at 5:30 p.m. CT.
- The upcoming mission will follow a suborbital trajectory, deploying four Starlink simulators that will burn up on reentry. It will also include a single Raptor engine relight in space and reentry experiments.
- Improvements to Starship include redesigned forward flaps, increased propellant volume, and stress tests on vulnerable spots. The Super Heavy booster features upgraded avionics and enhanced power and network distribution.
- If health checks or final approval are not in place, the booster will default to a trajectory for a soft splashdown in the Gulf of America.
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Teslarati
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Rivian Demo Drives will be available at SXSW in Austin next week!
- Rivian demo drives will be available at SXSW (South by Southwest) in Austin, Texas, starting March 11, 2025, from 11:00 am to 4:30 pm.
- The company is offering demo drives for the R1T pickup truck and R1S SUV. Rivian’s SXSW demo drives will be available until the end of the festival on March 15, 2025.
- Rivian's Electric Roadhouse will be the highlight at SXSW 2025, featuring various activities and exhibits inspired by Texas Roadhouse, alongside panel discussions, concerts, drive-in movies, and more.
- RJ Scaringe, Rivian CEO, is expected to appear at SXSW 2025, and Rivian aims to bring their brand to life by merging classic Americana with a vision for a sustainable future.
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Guardian
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Tesla’s UK sales rise despite threat of backlash over Musk’s political role
- Sales of Teslas in the UK rose by more than a fifth in February, with almost 4,000 units sold.
- The Model 3 and Model Y were the second and third most popular models, following the Mini Cooper.
- Tesla's market share in the UK increased from 3.75% in February 2024 to 4.6%.
- Sales of electric vehicles rose by almost 42%, accounting for a quarter of all new registrations.
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The Verge
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Volvo’s ES90 is a high-riding electric sedan with 434 miles of range
- Volvo has unveiled the upcoming ES90 electric sedan with a range of 434 miles and advanced technology like Nvidia's Drive AGX Orin computer.
- The ES90 will have the longest range, fastest charging speed, and most advanced computing system compared to other Volvo vehicles.
- It will come in three variants with different power outputs and battery sizes, including a Performance trim with 670hp.
- The ES90 will feature new battery management software allowing for rapid range gain during charging.
- With an 800-volt system, the ES90 can gain 186 miles of range in 10 minutes and charge 10-80% in 20 minutes.
- The ES90 blends sedan and SUV design elements, with high-riding features and a sleek profile similar to the Polestar 2.
- It includes Google's infotainment system, Snapdragon Cockpit Platform, and dual Nvidia computers for advanced functionalities.
- Built on Volvo's SPA2 architecture, the ES90 aims to improve safety and efficiency through over-the-air updates.
- Volvo plans for the ES90 to be its sixth all-electric vehicle, aligning with its goal to have 90 to 100 percent electrified models by 2030.
- The ES90 is currently available for order in Europe, with plans for US availability to be announced at a later date.
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Insideevs
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The Volvo ES90 Is An Electric Sedan With Up To 670 HP
- The Volvo ES90 is Volvo's first mass-production electric sedan with a WLTP range rating of 435 miles.
- Equipped with an 800-volt battery pack, it can add up to 186 miles of range in just 10 minutes of charging.
- Based on the SPA2 architecture, the ES90 is Volvo's most advanced EV, boasting faster recharging capabilities.
- The ES90 offers dual-motor versions reaching 670 hp, achieving a 0-60 mph time of 3.9 seconds.
- There's also a single-motor version with 329 hp, providing a WLTP-rated range of 400 miles.
- The ES90 features a liftback design with a spacious trunk, offering up to 25.8 cu ft of storage capacity.
- Inside, it accommodates five passengers with advanced infotainment and climate control systems.
- On the safety front, the ES90 comes equipped with advanced sensors and a driver understanding system.
- The Volvo ES90 is available for order in Europe with prices ranging from 72,000 to 95,500 Euros.
- Future market expansions are planned, but the US availability timeline has not been specified yet.
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CarExpert
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2026 BYD Dolphin: New looks, faster charging for affordable EV
- The BYD Dolphin has received mid-life upgrades in China, with revised styling, faster charging, and enhanced safety technology.
- Exterior changes include revised front and rear bumpers, removal of excessive trim, and replacement of the name script with a BYD logo.
- Interior updates include a larger digital instrument display, a 12.8-inch infotainment touchscreen with 5G connectivity, and repositioned gear shifter.
- Under the skin, the new Dolphin offers three electric motor options and improved charging capabilities for its 45kWh and 60.5kWh battery packs.
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TechBullion
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How to Find the Nearest EV Charging Stations
- Knowing how to find the nearest EV charging stations is crucial for electric vehicle (EV) drivers to alleviate range anxiety and ensure seamless journeys.
- EV charging stations are vital for providing the energy needed by electric vehicles and come in different types like Level 1 for home use and Level 2 or DC fast chargers for public access.
- The availability of various charging networks is expanding rapidly, making it easier for EV drivers to find convenient locations for charging.
- Mobile apps like PlugShare and ChargePoint, as well as websites such as Alternative Fuels Data Center, offer real-time information on nearby charging stations, user reviews, and availability.
- To enhance the electric driving experience, drivers should plan their routes using EV-friendly navigation apps, monitor battery levels, and consider the type of charger available at each location.
- Utilizing tools like in-car navigation systems and online resources helps in locating charging options efficiently, ensuring peace of mind on the road for both short trips and long journeys.
- Charging an EV is straightforward—park in the designated spot, choose the charger type, connect the cable securely, initiate the charge, monitor progress, and then continue your journey when fully charged.
- The future of EV charging stations holds promising innovations such as wireless charging technology, ultra-fast charging stations, smart grid integration, and advancements in battery technology, paving the way for greater EV adoption.
- By staying informed about available tools and resources to find nearby EV charging stations, drivers can contribute positively to personal mobility, environmental well-being, and the global shift towards sustainable transportation.
- The increasing number of EV charging stations and advancements in charging infrastructure make it easier for drivers to embrace electric vehicles, enhancing convenience and encouraging the adoption of clean energy solutions.
- With the landscape of EV charging continuously evolving, drivers can navigate towards a seamless electric driving experience by utilizing the plethora of tools and technologies available to locate and use charging points effectively.
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The Verge
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Cadillac’s new electric Escalade IQL will be the longest SUV in production
- Cadillac is introducing the Escalade IQL, a longer version of its electric Escalade IQ.
- The Escalade IQL will be the longest SUV ever made, surpassing the length of both gas-powered and electric SUVs.
- It offers additional legroom and interior space compared to the standard IQ.
- The Escalade IQL starts at $132,695 and will go into production in mid-2025.
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Chargedevs
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The role of temperature and pressure sensing in EV safety and performance (Webinar)
- Accurate fluid temperature and pressure measurement is crucial for optimizing system performance and ensuring safety in EV applications.
- Join the Virtual Conference on EV Engineering to learn about the fundamental principles of fluid sensing and the design characteristics of temperature and pressure sensors.
- The conference will cover various topics, including inverter functionality for hybrid and electric applications, traction motor control, energy generation and regeneration, and electrifying hydraulic systems.
- The conference will take place from March 10-13, 2025, and will cover the entire EV engineering supply chain and ecosystem.
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Chargedevs
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ENAPI raises 7.5 million euros in seed funding for its EV charging connectivity platform
- Connectivity platform ENAPI has raised 7.5 million euros in seed funding led by Voyager Ventures.
- Combined with a previous 2.7 million euros, the total funding now stands at 10.8 million dollars.
- ENAPI plans to become a clearing house for the EV charging industry and improve the user experience via seamless integration.
- The platform has already onboarded over 350,000 charge points and 8 of Europe's 10 largest eMobility Service Providers within six months.
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Chargedevs
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Infineon’s GENIAL! project supports collaboration between automotive manufacturers
- The GENIAL! project, coordinated by Infineon Technologies, aimed to optimize collaboration between automotive manufacturers and suppliers.
- Funded by the German Federal Ministry of Education and Research (BMBF) and 11 industry and education partners, the project aimed to enhance cooperation and prepare for the future.
- The project developed a strategic framework for identifying future market needs, use cases, system models, and technical requirements in automotive microelectronics.
- The project participants will release the tools developed, including AGILA database and IRIS tool, as open-source solutions to encourage widespread adoption.
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