01 July 2018 | Did Tesla Reach Q2 Model 3 Targets, 8 Analysts All Say No and Kia Niro EV Appears On U.S. Website
Can #teamtesla Make 5,000 Model 3's Per Week | 8 Analysts All Say Tesla Till Miss Targets | All Model 3 Reservation Holders Can Now Configure Their Car | Kia Niro EV For USA And More On Hyundai Kona For UK | PG&E, Tesla Team Up On Big Batteries | BMW Signs Billion Dollar Battery Deal With CATL
Well good morning, good afternoon and good evening, wherever you are in the world, hello and welcome to the Friday 29th June edition of EV News Daily. It’s Martyn Lee here with the news you need to know about electric cars and the move towards sustainable transport.
CAN #TEAMTESLA MAKE 5,000 MODEL 3'S PER WEEK
- "Wall Street analysts don’t think that Tesla will have reached its goal of manufacturing 5,000 Model 3s per week by the end of June, according to a Bloomberg survey of eight analysts. Since 2017, Tesla has already pushed back twice that coveted 5,000-a-week Model 3 production rate, with the latest deadline set for the end of June, tomorrow." according to an article by OilPrice.com in 29th June: "In early June, Elon Musk told the annual stockholders’ meeting that it was “quite likely” that Tesla could start building 5,000 Model 3s a week by the end of this month. Tesla is expected to report production and delivery figures before the July 4 holiday. Wall Street analysts and a Tesla Model 3 production tracker set up by Bloomberg don’t see it making the 5,000 number. As of June 28, Bloomberg Tracker’s Trend forecast for next week a Model 3 weekly production rate at around 4,500 vehicles."
- Tom Randall at Bloomberg looks back on Q2: "The factory was shut down at least twice for extensive upgrades, a new production line was hastily erected in a tent in the parking lot, and Chief Executive Officer Elon Musk moved from sleeping on the couch to sleeping under the desk. He was even seen personally torquing bolts on an assembly line, alongside a summer intern. Tesla may be suppressing U.S. sales as the quarter ends as way to extend its federal electric-vehicle tax credit of $7,500 per car. The subsidy begins to phase out one full quarter after the quarter in which Tesla sells its 200,000th electric car in the U.S. By hitting that milestone after July 1, rather than a day earlier, Tesla would gain an additional three months of tax credits that could be worth more than $400 million to Tesla customers"
- And Douglas A. Mcintyre at 247wallst.com: "Musk will need to make an unusually convincing argument that any number below 5,000 a week is acceptable. Many investors and much of the media already believe he is sort of a shady used car salesman and this will make it hard. A figure of 4,999 may be too low."
- Meanwhile, "Tesla is officially letting all of the Tesla Model 3 reservation holders place their actual order now. While the initial reservation required a $1,000 deposit, the next step requires that each person fork over another $2,500 to place the order for their Model 3." according to The Torque Report: "Once a reservation holder places their order, Tesla estimates that their specific Model 3 will arrive in about “2-4 months,” although that estimate could change based on how the options chosen for the Model 3."
KIA NIRO EV FOR USA AND MORE ON HYUNDAI KONA FOR UK
- Kia Motors USA has added the all new Kia Niro EV on the home page in a prominent position as the first thing you see. When clicking on it, you can submit your email to get updates. It says "Meet the all-electric crossover that has it all.
- The future has arrived and it’s fully electric. The all-new 2019 Kia Niro EV has debuted internationally, expanding upon the Niro model family of hybrid crossovers and is set to arrive in the US at the end of 2018.1 This highly-anticipated electric vehicle has an electric motor that provides an estimated 201 horsepower and 291 lb-ft. of torque. And thanks to a liquid cooled state-of-the-art battery, Kia is targeting up to a 240-mile range on a single charge.2 "
- Another one coming from Jr Chocco at Torque Report: "Kia’s next fully electric car, the 2019 Kia Niro EV hasn’t had its official US debut yet, but Kia has announced that it will arrive by the end of 2018. With its 240 mile driving range, the 2019 Niro EV will go head to head with the Chevy Bolt, but it the bigger issue for Kia is that it won’t be able to offer quite as many. The 2019 Kia Niro EV will only be offered in limited quantities when it arrives. According to Kia’s website, “Expected availability winter 2018 in select markets in limited quantities.” The issue here likely has to do with battery supplies. Hyundai has also had supply issues with the Hyundai Ionic Electric and its likely to get even worse with the addition of the Kona Electric as well."
- And on the other side of the Atlantic, in the UK we got pricing for the Hyundai KONA. A couple more details I didn’t have time for on Friday's show. The spec for the base model, £25,000 / £33,000 USD / 43,000 CAD...7 inch screen, digital radio, both Apple and Android sync, rear camera, parking sensors, climate control, keyless entry.
- I also missed the difference between the 39kWh Premium and 64kWh Premium which is £3,125 / $4,100 USD / $5,400 CAD. That's an extra 25kWh, at £125 per kWh. At that multiple, and i know this is crude, but £125 times 64 would put the total cost of the battery at £8,000 / $10,565 USD / $13,880 CAD. Again that's crude, and they're probably pricing it in a way to encourage the upgrade.
- The new Hyundai Kona Electric SUV will be available to order in the UK from 2 August online only. Some dealers have already been refunding deposits.
PG&E, TESLA TEAM UP ON BIG BATTERIES
- "An array of Tesla Powerpacks — the industrial-size batteries helping power a Hawaiian island and part of Australia — may soon plug in to a Pacific Gas and Electric Co. substation in Moss Landing (Monterey County)" according to the SF Chronicle: "PG&E on Friday asked state regulators to approve four contracts for using big batteries to help support the electrical grid in several locations. The one in Moss Landing would be designed and built by Palo Alto’s Tesla, while PG&E would own and operate it. The Moss Landing project would have a capacity of 182.5 megawatts."
BMW SIGNS BILLION DOLLAR BATTERY DEAL WITH CATL
- Last but not least, Mark Kane at InsideEVs has been reporting on the BMW Billion Dollar deal for batteries. "BMW has awarded Chinese battery manufacturer Contemporary Amperex Technology Ltd (CATL) a contract worth over a €1 billion ($1.16 billion). CATL is scouting potential locations for a battery production facility in Europe with the German state of Thuringia encouraging the Chinese manufacturer to use a site near Erfurt, in eastern Germany. CATL recently raised more than $850 million in its IPO and became an investor in BYTON. The plan for the future is to build a 24 GWh battery factory, to more or less double its current output."
Glen Mason – Kona Deposit
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