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Category Archives: electric vehicles
Beleaguered Stellantis Cuts 2024 Financial Guidance
Stellantis N.V. (NYSE: STLA) today revised its 2024 financial guidance, “reflecting decisions to significantly enlarge remediation actions on North American performance issues, as well as deterioration in global industry dynamics.” Actions include North American shipment declines of more than 200,000 vehicles in the second half of 2024 (up from 100,000 prior guidance), compared to the prior year period, increased incentives on 2024 and older model year vehicles. (Read AutoInformed.com on: Stellantis Tanks in First Half of 2024 – Net Profit -48%)*
“The Company will continue to leverage and expand its competitive differentiators and believes that the recovery actions being put in place will ensure stronger operational and financial performance in 2025 and beyond,” Stellantis said in a terse release. “Deterioration in the global industry backdrop reflects a lower 2024 market forecast than at the beginning of the period, while competitive dynamics have intensified due to both rising industry supply, as well as increased Chinese competition,” Stellantis said. Continue reading
Posted in auto news, economy, electric vehicles, environment, financial results, labor issues, manufacturing, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, chinese evs, Ken Zino, Stellantis N.V., STLA revised 2024 financial guidance, X @KenAutoinformed
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Prius Prime Changes its Name to Prius Plug-in Hybrid for 2025
Toyota (NYSE:TM) said today that the 2025 model year version of Prius Prime will be rebranded as the Prius Plug-in Hybrid. The change to the Prius Plug-in is intended to help consumers easily identify the powertrain choices among Prius models. The 2025 Prius Plug-in Hybrid will also adopt a “PHEV” badge on the rear, indicating its Plug-in Hybrid Electric Vehicle powertrain. It will be available in three grades: SE, XSE and XSE Premium. Pricing was omitted. Back in 2022 when a new Prius Prime model was introduced, with a manufacturer estimated EV range of up to 44 miles and a 6.6-second 0-60 time, it was a flexible vehicle short and longer trips. The 2025 with a 13.6 kWh lithium-ion battery, the SE grade has a manufacturer-estimated 44-mile all-electric driving range rating. While the XSE and XSE Premium have a manufacturer-estimated 40 mile all-electric driving range rating. Continue reading
Posted in auto news, connected vehicles, electric vehicles, electronics, engineering, environment, global warming, marketing, new vehicle, news analysis, software defined vehicles, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, M20A-FXS, prius plug-in hybrid, Toyota Safety Sense, ToyotaCare, X @KenAutoinformed
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C’est Fou – Chinese EVs Will Be at 2024 Paris Motor Show
Stellantis today announced it will participate in the 90th edition of the Mondial de l’Auto 2024 (Paris Motor Show) from14 – 20 October with its three traditional brands – Citroën, Peugeot, and Alfa Romeo. More controversial will be the Chinese brand, Leapmotor making its debut at the show.
Leapmotor Founder, Chairman and CEO Zhu Jiangming, together with Stellantis CEO Carlos Tavares, will unveil the all-new B10, a C-segment SUV, expanding its product line-up in Europe’s core segment through this distinctive partnership in the automotive industry. Continue reading
Posted in auto news, concept, economy, electric vehicles, environment, labor issues, milestones, mobility company, new vehicle, news analysis, shows and events
Tagged Alfa Romeo Tonale, Alfa Romeo VELOCE 280CV, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Citroën C3 Aircross, Ken Zino, Leapmotor, Paris Motor Show 2024, Peugeot E-408, X @KenAutoinformed, Zhu Jiangming
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Stellantis Holds Media Drive for Chinese Leapmotor EVs
The first European Media Drive is now taking place in Milan for the C10 and T03 models of the Leapmotor brand, a Chinese company in the technology field which has the highest growth in the New Energy Vehicle (NEV) sector.* The event, held in Milan and Lake Maggiore, marks the official debut of Leapmotor International in Europe. In a controversial move in October of 2023 Stellantis took 51% of a joint venture with Leapmotor that gives it exclusive rights to build, export and sell Leapmotor EVs outside China.**
“Stellantis will invest more than €50 billion during the next 10 years in the field of electrification and will do everything it can to reach the targets set out in its Dare Forward 2030 strategic plan, including the achievement of a 100% sales mix of BEV vehicles in Europe by 2030 and 50% of BEV passenger cars and light commercial vehicles in the United States. To reach these sales goals, the company is ensuring around 400 GWh of battery capacity with the support of six battery factories in North America and Europe. Stellantis aims to become a zero carbon-emissions company across all sectors by 2038, with a percentage offsetting for an amount of the remaining emissions,” the company formed by the merger of FCA and PSA said today. Continue reading
Posted in auto news, connected vehicles, economy, electric vehicles, electronics, engineering, environment, fuel economy or emissions, global warming, labor issues, manufacturing, marketing, new vehicle, news analysis, public health, shows and events, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Belgium, Chinese Leapmotor EVs, Chinese Trade Wars, Dare Forward 2030, FCA-PSA Merger, france, Germany, Greece, Italy, Ken Zino, Luxemburg, Malta, Portugal, Romania, Spain, Switzerland, The Netherlands, UK, X @KenAutoinformed
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Solid-State Cell Technology – All Hype No Production Way?
“With a stream of major cell suppliers regularly announcing ‘major’ breakthroughs in solid-state cell technology, it is proving difficult to discern the reality of the state of play at present.” This from GlobalData’s dedicated research platform, the Automotive Intelligence Center, which was released today as an analyst’s comment.*
“The harsh reality is that 90% of news, plans and solid-state plant activity appears to be bogus, as start of production (SOP) dates slip or vanish, with this being particularly true of information coming from China,” said Oliver Petschenyk Powertrain Analyst at GlobalData. Continue reading
Posted in electric vehicles, electronics, engineering, global warming, manufacturing, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GlobalData, Ken Zino, mass production-capable solid-state batteries, Oliver Petschenyk, Polymer-based solid electrolyte technology, solid-state battery cells, SSBs, X @KenAutoinformed
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California Economy Booms as Greenhouse Gases Decline
A report* released today by the California Air Resources Board shows that for 2022 greenhouse gas emissions dropped across most sectors and is the equivalent of removing more than 2.2 million gasoline- or diesel powered cars off California’s roads for one year. Between 2000 to 2022, emissions fell by 20% while California’s gross domestic product increased by 78%. This shows the effectiveness of the state’s climate change and air quality programs, which will be rejected by climate deniers and fossil fuel lobbying funding organizations, political candidates or parties.
“California is proving that climate action goes hand-in-hand with economic growth. We’ve slashed carbon pollution by a whopping 20% since the turn of the century all while building the world’s fifth largest economy. Cleaner air, more good jobs – that’s the California way,” said Governor Gavin Newsom. Continue reading
Posted in alternative fuels, economy, electric vehicles, environment, fuel economy or emissions, global warming, news analysis, public health, shows and events
Tagged Advanced Clean Cars, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, California Climate Investments, California Landfill Methane Regulation, Dr. Steven Cliff, Governor Gavin Newsom, greenhouse gas inventory, Ken Zino, Liane Randolph, Low-Emission Vehicle Regulation, X @KenAutoinformed
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Shell Opens First Charging Station for Electric Trucks in UK
Shell has opened its first electric public charging station in the UK for trucks, at the Markham Moor Truck Stop in Nottinghamshire, according to The Society of Motor Manufacturers and Traders (SMMT).* The site, which Shell acquired in 2022 , is situated along the A1, about 25 miles south of Doncaster and 25 miles Southeast of Sheffield. and is passed by more than 8000 heavy goods vehicles (HGV) a day. It has a 400kWh fast charging station, with two connectors, powered using 100% renewable electricity, which enables two vehicles to charge at once. Continue reading
BMW and Redwood Materials to Recycle Lithium-Ion Batteries
BMW North America and Redwood Materials* announced today a partnership to recycle lithium-ion batteries from electric, plug-in hybrid, and mild hybrid BMW, MINI, Rolls-Royce, and BMW Motorrad in the U.S. The partnership is said to demonstrate a shared commitment to … Continue reading
Posted in auto news, electric vehicles, environment, global warming, milestones, news analysis, public health, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BMW of North America, Cal Lankton, circular economy, Denise Melville, Ken Zino, lithium ion batteries, recycling, Redwood Materials, X @KenAutoinformed
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ChargeScape Vehicle-Grid Integration JV Begins Operations
BMW, Ford and Honda have begun operation of their new joint venture ChargeScape today ChargeScape also appointed the first CEO and CTO. (Read AutoInformed.com on EV Grid Unlock – BMW, Ford, Honda Create ChargeScape) As more Americans switch to EVs, cheaper fueling costs have become top-of-mind for drivers, particularly while charging at home where 80% of EV charging occurs according to U.S. Department of Energy estimates. The nation’s power grids have come under increasing strain due to electricity demand from data centers and the intermittent nature of current renewable technologies.
“ChargeScape is a software platform that integrates electric vehicles (EVs) into the power grid, shoring up grid stability while saving drivers money on their charging, the companies – all of them global giants – said in a joint release. “ChargeScape’s technology wirelessly connects to electric vehicles and, working with participating utilities, manages the flow of electrons in line with real-time grid conditions, temporarily reducing demand when the grid is constrained through smart charging (V1G) and even sending energy back into the power grid when needed (V2G). EV drivers have the potential to be rewarded financially for their flexibility and always have their vehicle charged by the time they specify,” ChargeScape claimed ex ante. Continue reading
Posted in connected vehicles, electric vehicles, energy, environment, global warming, milestones, news analysis, shows and events, software defined vehicles
Tagged American Honda Motor Company, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, bmw group, ChargeScape, EV-enabled grid services, Ford Motor Company, Ken Zino, X @KenAutoinformed
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GM Canada Has Tentative Unifor Agreement at CAMI Assembly
At 3:00 am today GM Canada reached a tentative agreement with Unifor, covering ~1300 represented employees at CAMI who build the Chevrolet BrightDrop electric vans and battery modules.
“This agreement, subject to member ratification, recognizes the many contributions of our employees and provides pattern increases in wages, benefits and job security.” GM Canada said. Continue reading
Stellantis to Invest +$406M in Three Michigan Plants for EVs
“Sterling Heights Assembly has performed an incredible transformation in record time and I want to thank our colleagues for this great achievement,” said Stellantis CEO Carlos Tavares. “Gearing up to build our first-ever Ram electric truck and the range-extended version in Michigan is a meaningful moment of pride for our teams. With these investments supporting both Jeep and Ram, we’re adding innovations to our Michigan manufacturing footprint to support a multi-energy approach that is laser-focused on customer demand.” Continue reading
Posted in alternative fuels, auto news, electric vehicles, environment, fuel economy or emissions, global warming, manufacturing, milestones, mobility company, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Dundee Engine Plant, Ken Zino, NYSE: STLA, Sterling Heights Assembly Plant, Warren Truck Assembly Plant, X @KenAutoinformed
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Unifor Bargaining Starts for GM CAMI Assembly Plant Workers
Master bargaining between Unifor and General Motors opened today on behalf of Local 88 members employed at the CAMI Assembly plant and Battery Assembly facility in Ingersoll, Ontario. Negotiations at CAMI follow the union’s 2023 bargaining with Ford, General Motors and Stellantis on behalf of 20,000 Detroit Three members, where the pattern agreement was set.* As a result of the different bargaining cycle there is a significant and ongoing delay before CAMI workers receive the same rate of pay as their counterparts at other GM locations.
“Our members at CAMI are on the frontline of the EV transition in Canada, and Unifor will fight to protect the good union jobs and secure future every autoworker was promised,” said Unifor National President Lana Payne. “These negotiations will focus squarely on securing workers the economic stability our members deserve and that includes aligning CAMI workers with the rest of our GM membership to eliminate the historical lag in wage increases and other negotiated benefits.” Continue reading
Posted in auto news, electric vehicles, global warming, labor issues, manufacturing, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Chevrolet BrightDrop EV 600, EV 400, Ken Zino, Lana Payne, Mike Van Boekel, Ultium battery modules, unifor, Unifor local 88, X @KenAutoinformed
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Toyota’s Next-Gen Battery Plan Certified by METI
Toyota Motor Corporation said today that the development and production plans for its next-generation batteries (performance version) and all-solid-state batteries were certified by the Ministry of Economy, Trade and Industry (METI) as part of the Japanese government’s “Supply Assurance Plan for Batteries. Certification was granted for (1) production of next-generation batteries (performance version) at Prime Planet Energy & Solutions, Inc. (PPES), (2) production of next-generation batteries (performance version) at Primearth EV Energy Co., Ltd. (PEVE)* and (3) R&D and production of all-solid-state batteries.
“By advancing battery development and production in Japan, Toyota aims to contribute to the further development of the industry and the strengthening of the production infrastructure of batteries. Additionally, by enhancing the competitiveness of batteries, Toyota seeks to improve the marketability of electrified vehicles and achieve carbon neutrality through a multi-pathway approach,” Toyota said in a release. Continue reading
Posted in auto news, electric vehicles, environment, global warming, manufacturing, milestones, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Japanese Ministry of Economy, Ken Zino, Prime Planet Energy & Solutions, Toyota Motor Corporation, Trade and Industry, X @KenAutoinformed
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Plug-in Hybrid Jeeps Recalled for Battery Fire Risks
“A routine company review of customer data led to an internal investigation that discovered 13 fires. All vehicles were parked and turned off. The company estimates 5% of affected vehicles may have the defect,” FCA said. “Vehicle risk is reduced when the battery charge level is depleted. Accordingly, owners are advised to refrain from recharging. Out of an abundance of caution, the company is also advising owners of these vehicles to park away from structures or other vehicles until the remedy is obtained.” Continue reading →