#electric commercial vehicle companies

[elexsolutions]

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[rhk111sblog]

A Chinese Company is building a Nickel Plant in Indonesia and another Chinese Company Geely has agreed to help Indonesia develop its first Electric Vehicle (EV); After the United States (US) President Joe Biden’s visit to Vietnam, Vietnam called for more Railway Projects with China and announced that they are now China’s largest Trading Partner in South East Asia (SEA); And an Airline in Brunei is buying 30 units of China’s own Commercial Transport Aircraft

[reasonsforhope]

Green energy is in its heyday. 

Renewable energy sources now account for 22% of the nation’s electricity, and solar has skyrocketed eight times over in the last decade. This spring in California, wind, water, and solar power energy sources exceeded expectations, accounting for an average of 61.5 percent of the state's electricity demand across 52 days. 

But green energy has a lithium problem. Lithium batteries control more than 90% of the global grid battery storage market. 

That’s not just cell phones, laptops, electric toothbrushes, and tools. Scooters, e-bikes, hybrids, and electric vehicles all rely on rechargeable lithium batteries to get going. 

Fortunately, this past week, Natron Energy launched its first-ever commercial-scale production of sodium-ion batteries in the U.S. 

“Sodium-ion batteries offer a unique alternative to lithium-ion, with higher power, faster recharge, longer lifecycle and a completely safe and stable chemistry,” said Colin Wessells — Natron Founder and Co-CEO — at the kick-off event in Michigan. 

The new sodium-ion batteries charge and discharge at rates 10 times faster than lithium-ion, with an estimated lifespan of 50,000 cycles.

Wessells said that using sodium as a primary mineral alternative eliminates industry-wide issues of worker negligence, geopolitical disruption, and the “questionable environmental impacts” inextricably linked to lithium mining. 

“The electrification of our economy is dependent on the development and production of new, innovative energy storage solutions,” Wessells said. 

Why are sodium batteries a better alternative to lithium?

The birth and death cycle of lithium is shadowed in environmental destruction. The process of extracting lithium pollutes the water, air, and soil, and when it’s eventually discarded, the flammable batteries are prone to bursting into flames and burning out in landfills. 

There’s also a human cost. Lithium-ion materials like cobalt and nickel are not only harder to source and procure, but their supply chains are also overwhelmingly attributed to hazardous working conditions and child labor law violations. 

Sodium, on the other hand, is estimated to be 1,000 times more abundant in the earth’s crust than lithium. 

“Unlike lithium, sodium can be produced from an abundant material: salt,” engineer Casey Crownhart wrote ​​in the MIT Technology Review. “Because the raw ingredients are cheap and widely available, there’s potential for sodium-ion batteries to be significantly less expensive than their lithium-ion counterparts if more companies start making more of them.”

What will these batteries be used for?

Right now, Natron has its focus set on AI models and data storage centers, which consume hefty amounts of energy. In 2023, the MIT Technology Review reported that one AI model can emit more than 626,00 pounds of carbon dioxide equivalent. 

“We expect our battery solutions will be used to power the explosive growth in data centers used for Artificial Intelligence,” said Wendell Brooks, co-CEO of Natron. 

“With the start of commercial-scale production here in Michigan, we are well-positioned to capitalize on the growing demand for efficient, safe, and reliable battery energy storage.”

The fast-charging energy alternative also has limitless potential on a consumer level, and Natron is eying telecommunications and EV fast-charging once it begins servicing AI data storage centers in June. 

On a larger scale, sodium-ion batteries could radically change the manufacturing and production sectors — from housing energy to lower electricity costs in warehouses, to charging backup stations and powering electric vehicles, trucks, forklifts, and so on. 

“I founded Natron because we saw climate change as the defining problem of our time,” Wessells said. “We believe batteries have a role to play.”

-via GoodGoodGood, May 3, 2024

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Note: I wanted to make sure this was legit (scientifically and in general), and I'm happy to report that it really is! x, x, x, x

[etrioindia]

The revolution of the EV sector: Etrio

If it is one fact that the entire world has understood in the last few years, it is the fact that we need to start making amends so that the environment that we have destroyed so much has some scope of recuperating. With almost all developed nations now paving the way towards a clean mobility revolution, India has also begun to make the needed changes.

The launch of electric vehicles has set in motion a paradigm shift that will make people more responsible towards the environment and give them the perks of cleaner air and financial security by saving them from the shocks of those constant fluctuating prices of fuel.

The spark that ignited this change was when electric motors replaced the traditional internal combustion engine (ICE). What started as a mere trend is soon to take over the markets entirely by the year 2030. The consumers’ reactions were checked with the launch of the first electric car Reva, which Chetan Maini launched in 2001.

If the trend is to be believed, electric vehicles’ sales have almost quadrupled in the last few years. This has become more evident with the steep decline in the batteries’ prices along with the EV friendly policies that have been introduced as a countermeasure to tighten the fuel emission standards.

According to a Swizz organization IQAir survey, 22 of the world’s 30 most polluted cities are in India. This one major headliner has probably been the main driving force as to why electric vehicles have gained such momentum in India.

With governments of almost every country debating on how to tackle the impending worries of climate change, EVs’ revolution is probably the one thing that can release the pressure to some extent. Along with the much-needed relief that needs to be given to the choking planet, siding with the EV revolution will save the government finances that otherwise get invested in oil subsidies.

In all the recent climate conventions held in Paris, the Prime Minister of India has shown much interest in safeguarding the nation’s interests and the environment. This is why Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) was launched. However, despite all the attempts, it did not see the results that were first expected.

According to a recent report compiled by the Climate Group, it is stated that India is one of the top EV100 regions by the number of charging points present.

With this chalked out now, all India needs are long-term policies that can give more automobile industries the thrust to manufacture more electric vehicles.

Overall, EVs can reduce the quantities of smog which is a significant contributor to the level of pollution that creates havoc all over. Globally, transmissions from vehicles account for 2.5% of the increase in greenhouse gases each year.

In India alone, there are plenty of big automobile names that have pledged to align themselves with the EV revolution taking over the globe. Contrary to everyone’s beliefs, the EV revolution will not be one that will happen without any restrictions.

Large chunks of the automobile bigwigs are going to resist the change by upping the fuel efficiencies to match the strict emission norms set by the policies. This is the precise reason even the most minor step taken by an organization to side with the EV revolution will be a welcome change.

Etrio has the vision to become the leading original equipment manufacturer of electric 3-wheelers that are affordable so that more business owners can switch to them with ease. Considering that the future lies in the hands of those who make the efforts to change it, Etrio is definitely creating waves by attempting to transform the environment along with the lives of businesses that want to switch to the greener mode of commuting.

[afeelgoodblog]

The Best News of Last Month - August 2024

1.Negative Power Prices Hit Europe as Renewable Energy Floods the Grid

European power markets are experiencing a notable shift as renewable energy sources, particularly wind and solar, become a larger part of the energy mix. On Wednesday, power prices in several European markets, including Germany, dipped below zero due to a surge in green electricity production.

2. Taiwan introduces ban on performances by captive wild animals

Live performances by wild animals held in captivity, including performances by dolphins, tigers, and other non-domesticated mammals, will no longer be permitted in Taiwan under new Ministry of Agriculture (MOA) regulations.

3. FTC bans fake online reviews, inflated social media influence; rule takes effect in October

The FTC voted unanimously to ban marketers from using fake reviews, such as those generated with AI technology, and other misleading advertising practices.

The ban also forbids marketers from exaggerating their own influence by, for example, paying for bots to inflate their follower count.

4. Chinese drones will fly trash out of Everest slopes

Come autumn, Nepal will deploy heavy lifter drones to transport garbage from the 6,812-metre tall Ama Dablam, south of Everest. This will be the first commercial work an unmanned aerial vehicle does in Nepal’s high-altitude zone.

The heavy lifter from China’s biggest drone maker, Da Jiang Innovations (DJI), will take on tasks traditionally handled by Sherpas. Officials believe it will help reduce casualties on Everest.

5. Swiss scientists have found a way to use the whole cocoa fruit to make chocolate and not just taking beans and discarding the rest.

Kim Mishra (L) and Anian Schreiber (R) cooperated on the new chocolate making process

Food scientists in Switzerland have come up with a way to make chocolate using the entire cocoa fruit rather than just the beans - and without using sugar.

The chocolate, developed at Zurich’s prestigious Federal Institute of Technology by scientist Kim Mishra and his team includes the cocoa fruit pulp, the juice, and the husk, or endocarp.

6. Six-year-old boy found in Vietnam forest after five days

A six-year-old boy who was missing for five days has been found deep in a forest in Vietnam. Dang Tien Lam, who lives in the northwestern Yen Bai province, was playing in a stream with his nine siblings on 17 August when he wandered into the hills and got lost, local reports said.

He was found on Wednesday by local farmers who heard a child's cry while they were clearing a cinnamon field close to the forest.

7. Lego plans to make half the plastic in bricks from renewable materials by 2026

Lego plans to make half the plastic in its bricks from renewable or recycled material rather than fossil fuels by 2026, in its latest effort to ensure its toys are more environmentally friendly.

The Danish company last year ditched efforts to make bricks entirely from recycled bottles because of cost and production issues. At the moment, 22% of the material in its colourful bricks is not made from fossil fuels.

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[jsaseen]

[altigreen]

Bengaluru-based electric vehicle company, determined to change the way three-wheeler electric cargo vehicles are manufactured and experienced in India. Having developed an indigenous technology after years of R&D, our two electric commercial vehicles, the High Deck and the Low Deck, are the most affordable, economical and environment friendly vehicles in the last-mile transport system in the country Determined to change the way three-wheeler electric cargo vehicles are manufactured and experienced in India. Having developed an indigenous technology after years of R&D, our two electric commercial vehicles, the High Deck and the Low Deck, are the most affordable, economical and environment friendly vehicles in the last-mile transport system in the country

[zvaigzdelasas]

[RFA is US State Media]

China’s economy improved in the first two months of the year buoyed by a 7% rise in industrial output despite the ongoing decline in the beleaguered real estate industry, a major economic driver.

The two-month increase in industrial output from enterprises above designated size was also a 0.2 percentage point increase from December, according to data from the National Bureau of Statistics (NBS) on Monday.

A 5% jump in retail sales – a gauge of consumption – also boosted growth in the world’s second-largest economy[...]

[The] numbers surpassed market expectations, according to a Reuters poll of economists, which forecast a 5% increase.[...]

The state’s investment push would also have boosted overall growth. Fixed asset investments, including those in infrastructure projects, expanded 4.2% to 5.08 trillion yuan (US$706 billion) in January and February from the year-earlier period. Investments in real estate continued to be a drag as, minus property investments, the increase was 8.9%.

On the other hand, investments in property slid 9%, underlined by a 20.5% drop in the amount of newly built floor area compared with the first two months of 2023. In tandem, sales of new homes plunged 29.3% to 1.05 trillion yuan ($145.9 billion).

Still, Liu conceded that the worst is over.

She said industries and companies continue to suffer operational pressure due to rising costs and insufficient orders.

But she was quick to add that a “new leap forward” to modernize the industrial system and accelerate the development across sectors like electric vehicles, hydrogen power, new materials, life sciences and commercial spaceflight would revive growth.

It is also part of the domestic consumption drive under Chinese President Xi Jinping’s latest mantra to unleash “new productive forces,” [...]

To support the domestic demand policy, Beijing will issue 1 trillion yuan of special long-term bonds this year, and more in the next few years.

Externally, China continues to face a complex and difficult global trade environment, even though exports edged up 10.3% in the first two months of this year, compared with the previous year.

Seething lol (18 Mar 24)

[rjzimmerman]

A Lot Was Riding on This Wind Farm. Then Giant Shards Washed Up in Nantucket. (Wall Street Journal)

This summer was supposed to be a breakout season for the faltering offshore wind business in the U.S. Instead it may be defined by an ill-timed break. 

A large project off the coast of Massachusetts, called Vineyard Wind, remains at a standstill following an accident that dropped a massive turbine blade into the ocean last month and washed chunks of debris onto Nantucket beaches.

The blade broke at the height of summer and at a pivotal moment for the U.S. offshore wind industry, which has struggled with rising costs, political opposition and a wave of canceled and renegotiated contracts. Efforts to launch the sector in the U.S. are considered key to President Biden’s climate aspirations but would be especially vulnerable if former President Donald Trump returns to office.

Of the many clean-energy incentives and policies approved by Congress or the Biden administration in recent years, offshore wind projects and electric vehicles have been singled out repeatedly by Trump with particular ire.

“We are going to make sure that ends on day one,” Trump said at a campaign event in May, talking about an offshore wind project in New Jersey. “I will write it out in an executive order.”

The project offshore Nantucket and Martha’s Vineyard is among the largest planned wind farms in U.S. waters, with the capacity to deliver electricity to around 400,000 homes and businesses in Massachusetts. It was the first U.S. commercial offshore wind installation to start delivering grid power earlier this year and has more than a third of its turbines in place.

As chunks of debris washed ashore in Nantucket in mid-July, beaches closed for a day. The federal Bureau of Safety and Environmental Enforcement halted construction of additional turbines along with power generation from the installed turbines. The agency said it had launched its own investigation into the incident. More debris later washed up on Martha’s Vineyard and Cape Cod beaches.

Turbine maker GE Vernova has blamed “insufficient bonding,” or glue, as the reason for the break. It said it was a manufacturing problem and there is no underlying design flaw that would affect other installed blades. The blade had been recently installed and the turbine was undergoing reliability tests.

The company hired an engineering firm to look at potential environmental impacts.

Offshore wind turbines are massive. The broken blade was around 351 feet long, taller than the Statue of Liberty.

Manufacturing giant turbine blades is both a high-tech and hands-on process. GE Vernova takes ultrasound images of each blade it makes, a few centimeters at a time, and now is combing through images of around 150 offshore blades.

A check of those images should have caught the problem with the blade at Vineyard Wind, but didn’t, Strazik said. GE Vernova this week said it also plans inspections of installed blades with remote-operated robots.

[hirocimacruiser]

This month's car review (from a Navi magazine)

difficult for men

Nissan March Cabriolet (CVT) 1.79 million yen

NISSAN MARCH CABRIOLET

The ``Cabriolet'' has been added to Nissan's ``cash cow'' March, with approximately 300,000 units sold each year around the world.

This model was originally exhibited as a reference at the 31st Tokyo Motor Show, but it was decided to go on sale this time because ``many customers requested that it be commercially available.'' However, it's already been two years since the last motor show, so I can't help but wonder, ``Why now?''

Regarding this, when the current March was announced in 1992, it was declared that there would be no model changes for 10 years. However, if we think about the next five years, we cannot rest on our laurels, so we announced the Cabriolet as the top grade of the March brand, creating a buzz and drawing attention to the March again. This seems to be a more realistic reason.It is produced by Takada Kogyo, a Nissan affiliate company that also produced the previous March-based Be-1 and Pao.

The exterior of the March Cabriolet is quite cute. In addition to simply removing the roof, a light notch was added to the rear end of the body to tighten the buttocks.

It somehow reminds me of the Peugeot 205 cabriolet.

The interior is basically the same as the March, but the seat fabric is modeled after a Milan city map and is exclusive to the Cabriolet. The chic sand beige hood is electric, so it doesn't take much time or effort to open or close it, and it only needs to be locked in two places at the top of the front window. The lowered top fits almost within the waistline of the body, but in order to secure that space, the interior length is about 10cm shorter than that of a hatchback. As a result, the rear seat has just enough space to accommodate two adults.

Unfortunately, the sky was cloudy that day, but it felt great to drive fully open on the highland roads around Risonare Kobuchizawa, which was the base for the test ride. Generally speaking, a 4-seater that opens up has a wide opening, which means that the wind is forced into the cabin, but in the case of the March, the high A-pillar of the tall boy style remains, so the side windows can be opened. Once you raise it up, the wind doesn't really bother you.

The closed-body March is available with two engines, 1ℓ and 1.3ℓ, but only the 1.3ℓ, which produces 79 ps, is available in the Cabriolet. However, due to the reinforcements added to the open body, the vehicle weighs 110kg more than before, so its power performance is on par with the liter version of a hatchback. When you step on the accelerator, the exhaust pipe emits a brave sound, but the speed does not increase as much as that sound. A roll bar (which guarantees safety in the event of a fall) is installed to ensure rigidity.

Although the roof rails (which Nissan calls them ``roof rails'') are still in place, the floor trembles when you go over a large step. Well, in any case, it's not so much that it's a hindrance to driving normally around town.

According to the person in charge of development, the keyword for the development of the March Cabriolet was ``a usable cabriolet.'' To achieve this, we focused on four points: (1) electric soft top, (2) heated glass rear window, (3) 4-seater seating, and (4) trunk-through mechanism. By the way, the Fiat Punto Cabrio, which is seen as a rival, does not have (2), and the Toyota・The Cynos Convertible does not have ① or ④. The price of the Punto is 2.45 million yen, and the advanced grade Cynos is 2.103 million yen. The March on the other hand costs 1.79 million yen for the NCVT specification, so it can be said that the March has the advantage in terms of equipment and price.

Regarding the March Cabriolet, I thought the styling was good and the construction of each part was okay, but to be honest, I felt like it was a little out of place. So, I thought, ``Why is that?'' But in the end, I thought that the March Cabriolet was too cute, or rather, it gave the impression that it was ``for girls.'' It was said to be strong. At least I can't imagine myself, a 30-year-old man, driving one, or rather, I don't really want to imagine it.

March Cabriolet, difficult for men. (Kawanishi)

PIC CAPTIONS

The March Cabriolet has a total length x width x width = 3720 x 1585 x 1430mm, and is 25mm longer and 5mm taller than the closed body. The body color is green, red, and silver as shown in the photo. Regardless of the body color, it is combined with a beige hood. Standard equipment includes air conditioning, power steering, front seat double airbags, ABS, and seatbelt pretensioners. The price is 1.79 million yen for the CVT model and 1.69 million yen for the 5MT model.

Photo = Daijiro Gun

Photography cooperation = Quatre Karl 0266-66-2722

[metalmanauto]

Metalman Auto files draft papers with SEBI to raise funds via IPO

The IPO consists of a fresh issue of Rs 350 crore and an offer for sale of upto 12.64 million shares by its existing shareholders and promoters.

Metalman Auto Ltd has submitted a Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise capital through an Initial Public Offering (IPO). The IPO includes a fresh issuance of shares worth Rs 350 crore and an offer for sale of up to 12.64 million shares by the company’s current shareholders and promoters.

The proceeds from the fresh issue will be allocated as follows: Rs 25 crore will be used to partially finance the capital expenditure for the procurement of plant and machinery at the Pithampur manufacturing unit 2. The company also plans to utilize Rs 240 crore to repay a portion of its existing debt. As of June 2024, Metalman Auto Ltd has a total debt of Rs 314.43 crore.

The firm operates nine manufacturing units across five states in India, strategically located near OEM customers to ensure efficient production and supply. Axis Capital, ICICI Securities, and Motilal Oswal Investment Advisors are the lead managers for this issue.

Metalman Auto Ltd is a leader in the metal fabrication, finishing, and assembly sector in India, specializing in the production of metal components for two-wheelers (including both electric and internal combustion engines), three-wheelers, passenger vehicles, commercial vehicles, agri-vehicles, and off-highway vehicles. Additionally, the company manufactures aesthetic components for white goods, such as panels for washing machines, and offers contract manufacturing services for two-wheeler electric vehicle (2W EV) OEMs.

[prabhatheblogger]

Helfinch Introduces Advanced EV Charger Cables for the USA Market

Helfinch, a leading innovator in the lighting and electrical industry, is proud to announce the launch of its latest product line: the advanced EV charger cables specifically designed for the USA market. These cables embody the company’s commitment to quality, innovation, and customer satisfaction, making them one of the best choices for electric vehicle (EV) owners in the United States.

Advanced Features for a Superior Charging Experience

Helfinch’s EV charger cables are packed with the latest features to ensure a reliable and efficient charging experience for all EV users. Here are some of the standout features that make Helfinch EV charger cables a top choice:

1. Durability and All-Weather ProtectionHelfinch EV charger cables are built to withstand the toughest conditions. With the highest Ingress Protection (IP) rating, these cables are dust-tight and protected against powerful water jets, ensuring they perform exceptionally well in any weather condition. Whether it’s rain, snow, or extreme heat, Helfinch cables maintain their integrity and functionality, providing peace of mind to users who need to charge their vehicles outdoors.

2. Smart Charging FeaturesThe smart charging capabilities of Helfinch cables set them apart from the competition. These features allow for efficient energy use, ensuring that your vehicle is charged optimally without overloading the power supply. Smart charging also provides users with the ability to schedule charging times, monitor energy consumption, and receive notifications via a user-friendly app. This level of control and convenience enhances the overall EV ownership experience.

3. Fast Quick ChargingOne of the most critical factors for EV owners is the speed of charging. Helfinch EV charger cables support fast quick charging, significantly reducing the time it takes to charge your vehicle. This feature is particularly beneficial for those who need to recharge their EVs quickly between trips. With Helfinch, you can get back on the road faster, making these cables ideal for both daily commutes and long-distance travel.

4. Extra Long SizesTo accommodate various user needs and charging setups, Helfinch offers its EV charger cables in extra-long sizes of 10, 15, and 20 meters. This range of lengths ensures that no matter where your charging station is located, you will have enough cable to reach your vehicle comfortably. This flexibility makes Helfinch cables suitable for a wide range of residential and commercial charging applications.

5. Multiple Color OptionsUnderstanding the importance of aesthetics and customization, Helfinch provides its EV charger cables in four distinct colors: Yellow, Green, Black, and White. This variety allows customers to choose a color that best matches their personal preference or vehicle color, adding a touch of personalization to their EV charging experience.

Top Selling Variants

Helfinch offers a variety of EV charger cables, each designed to meet different needs and preferences. Our top sellers are:

**NEMA 14–50 Plug with J1772 Connector** This is the most common and versatile option for Level 2 charging in homes. It plugs into a 240V outlet and is compatible with most electric vehicles (EVs) in the US. This variant is highly favored for its reliability and ease of use.

**NEMA 6–50 Plug with J1772 Connector** Another popular option for Level 2 charging, the NEMA 6–50 plug is often used in homes with older electrical systems. It also plugs into a 240V outlet and is compatible with most EVs. This variant is ideal for homes that may not have been updated to the latest electrical standards but still require efficient and effective charging solutions.

**Tesla Compatible Connector** Tesla vehicles use a proprietary connector, but Helfinch offers J1772 to Tesla adapters that allow Tesla owners to use standard Level 2 chargers. This flexibility ensures that Tesla drivers can benefit from the superior quality and features of Helfinch charger cables without any compatibility issues.

Our Additional Features

**Amperage Options** Helfinch understands that different EVs have different charging capabilities. Therefore, we offer both 16A and 32A chargers. This allows users to choose the appropriate amperage based on their vehicle’s specifications, ensuring efficient and safe charging.

**Smart Features** For added convenience, Helfinch cables come with smart features like Wi-Fi connectivity, energy monitoring, and scheduling. These features allow users to monitor their charging sessions, schedule charging times to take advantage of off-peak electricity rates, and receive real-time notifications about their charging status.

Available Exclusively Online

Helfinch has strategically chosen to make these premium EV charger cables available exclusively through online stores, including Amazon. This decision allows the company to reach a broader audience and provide customers with the convenience of shopping from the comfort of their homes. By leveraging the extensive reach and trusted service of Amazon, Helfinch ensures that its customers have easy access to these high-quality products with fast and reliable delivery options.

Why Choose Helfinch EV Charger Cables?

Helfinch has established a strong reputation in the electrical and lighting industry, known for its dedication to innovation, quality, and customer satisfaction. Here are several reasons why choosing Helfinch EV charger cables is a wise investment for any EV owner:

**1. Proven Track Record**With years of experience in developing high-quality electrical products, Helfinch brings its expertise and commitment to excellence to the EV charger cable market. Customers can trust that they are purchasing a product from a reputable company that prioritizes performance and reliability.

**2. Cutting-Edge Technology**Helfinch is always at the forefront of technological advancements. The inclusion of smart charging features and fast charging capabilities in its EV charger cables demonstrates the company’s commitment to integrating the latest technology into its products. This ensures that customers receive the most efficient and convenient charging solutions available.

**3. Exceptional Customer Support**Customer satisfaction is a top priority for Helfinch. The company provides comprehensive support for all its products, including detailed user manuals, online resources, and a dedicated customer service team ready to assist with any questions or concerns. This level of support ensures that customers can enjoy a hassle-free experience from purchase to use.

**4. Environmental Responsibility**Helfinch is committed to sustainability and environmental responsibility. By promoting the use of electric vehicles and providing efficient charging solutions, the company contributes to the reduction of carbon emissions and supports the global shift towards greener transportation options. Helfinch’s EV charger cables are designed to be energy-efficient, helping users minimize their environmental footprint.

**5. Competitive Pricing**Despite the advanced features and high-quality materials used in Helfinch EV charger cables, the company offers these products at competitive prices. This ensures that customers receive excellent value for their investment, making Helfinch a cost-effective choice for premium EV charging solutions.

Our Customer Testimonials

The launch of Helfinch’s EV charger cables has already garnered positive feedback from early adopters. Here are a few testimonials from satisfied customers:

John Murray. — New York, NY “I’ve tried several EV charger cables before, but Helfinch’s cables are by far the best. The durability is outstanding, and the fast charging feature is a game-changer. Plus, the extra-long cable length means I can easily charge my car no matter where I park in my garage.”

Samantha Klein. — Los Angeles, CA“The smart charging features on these cables are fantastic. I love being able to monitor my charging sessions and schedule them to take advantage of lower electricity rates. The app is easy to use, and the notifications are super helpful. Highly recommend!”

Michael Bevan. — Chicago, IL“I purchased the 20-meter cable in yellow, and it’s perfect for my setup. The all-weather protection means I don’t have to worry about the cable getting damaged, even during heavy rain. Great product and excellent value for money.”

Conclusion

Helfinch is setting a new standard in the EV charger cable market with its innovative, durable, and feature-rich products. Designed to meet the needs of modern EV owners, Helfinch’s cables offer unparalleled performance, convenience, and reliability. Available in various lengths and colors, these cables are perfect for any charging setup and aesthetic preference.

By choosing Helfinch, customers are investing in a product backed by a company with a proven track record of quality and innovation. Whether you are a new EV owner or looking to upgrade your current charging equipment, Helfinch EV charger cables provide the best solution for a seamless and efficient charging experience.

Explore the future of EV charging with Helfinch. Visit our online store on Amazon today and join the growing community of satisfied customers who trust Helfinch for their EV charging needs.

[warningsine]

https://www.reuters.com/business/autos-transportation/tesla-lay-off-more-than-10-its-staff-electrek-reports-2024-04-15/

BERLIN, April 15 (Reuters) - Tesla (TSLA.O), opens new tab is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs).

"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon Musk commented in a post on X. Two senior leaders, battery development chief Drew Baglino and vice president for public policy Rohan Patel, also announced their departures, drawing posts of thanks from Musk although some investors were concerned.

Musk last announced a round of job cuts in 2022, after telling executives he had a "super bad feeling" about the economy. Still, Tesla headcount has risen from around 100,000 in late 2021 to over 140,000 in late 2023, according to filings with U.S. regulators.

Baglino was a Tesla veteran and one of four members, along with Musk, of the leadership team listed on the company's investor relations website.

Scott Acheychek, CEO of Rex Shares - which manages ETFs with high exposure to Tesla stock - described the headcount reductions as strategic, but Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, deemed the departures of the senior executives as "the larger negative signal today" that Tesla's growth was in trouble.

Less than a year ago, Tesla's chief financial officer, Zach Kirkhorn, left the company, fueling concerns about succession planning.

Tesla shares closed 5.6% lower at $161.48 on Monday. Shares of EV makers Rivian Automotive (RIVN.O), opens new tab, Lucid Group (LCID.O), opens new tab and VinFast Auto also dropped between 2.4% and 9.4%.

"As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Musk said in the memo sent to all staff.

"As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally," it said.

Reuters saw an email sent to at least three U.S. employees notifying them their dismissal was effective immediately.

Tesla did not immediately respond to a request for comment.

MASS MARKET

The layoffs follow an exclusive Reuters report on April 5 that Tesla had cancelled a long-promised inexpensive car, expected to cost $25,000, that investors have been counting on to drive mass-market growth. Musk had said the car, known as the Model 2, would start production in late 2025.

Shortly after the story published, Musk posted "Reuters is lying" on his social media site X, without detailing any inaccuracies. He has not commented on the car since, leaving investors and analysts to speculate on its future.

Tech publication Electrek, which first reported, opens new tab the latest job cuts, said on Monday that the inexpensive car project had been defunded and that many people working on it had been laid off.

Reuters also reported on April 5 that Tesla would shift its focus to self-driving robotaxis built on the same small-car platform. Musk posted on X that evening: "Tesla Robotaxi unveil on 8/8," with no further details.

Tesla could be years away from releasing a fully autonomous vehicle with regulatory approval, according to experts in self-driving cars and regulation.

Tesla shares have fallen about 33% so far this year, underperforming legacy automakers such as Toyota Motor (7203.T), opens new tab and General Motors (GM.N), opens new tab, whose shares have rallied 45% and about 20% respectively.

Energy major BP (BP.L), opens new tab has also cut more than a tenth of the workforce in its EV charging business after a bet on rapid growth in commercial EV fleets did not pay off, Reuters reported on Monday, underscoring the broader impact of slowing EV demand.

WORKS COUNCIL

A newly elected works council of labour representatives at Tesla's German plant was not informed or consulted ahead of the announcement to staff, said Dirk Schulze, head of the IG Metall union in the region.

"It is the legal obligation of management not only to inform the works council but to consult with it on how jobs can be secured," Schulze said.

Analysts from Gartner and Hargreaves Lansdown said the cuts were a sign of cost pressures as the carmaker invests in new models and artificial intelligence.

Tesla reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

The EV maker has been slow to refresh its aging models as high interest rates have sapped consumer appetite for big-ticket items, while rivals in China, the world's largest auto market, are rolling out cheaper models.

China's BYD (002594.SZ), opens new tab briefly overtook the U.S. company as the world's largest EV maker in the fourth quarter, and new entrant Xiaomi (1810.HK), opens new tab has garnered substantial positive press.

Tesla is gearing up to start sales in India, the world's third-largest auto market, this year, producing cars in Germany for export to India and scouting locations for showrooms and service hubs in major cities.

Tesla recorded a gross profit margin of 17.6% in the fourth quarter, the lowest in more than four years.

[reasonsforhope]

The U.S. Department of Treasury’s gift to electric-vehicle shoppers (and global automakers) for the new year was to make many more EVs and plug-in hybrids eligible for the federal tax subsidy of up to $7,500 — including vehicles built outside North America — as long as drivers lease them or buy used rather than buy new.

EV credits and [rules] took effect Jan. 1.

One category extends the former credit of up to $7,500 for consumers buying new EVs and PHEVs, but it puts new limits on vehicle price and buyer income and will soon add requirements for the sourcing of EV batteries and materials. Additionally, since August [2022], it has required that the vehicles be assembled in North America.

A second is a new credit of up to $4,000 for buyers of used EVs.

A third is a “commercial” credit for businesses acquiring EVs. It offers up to $7,500 for light-duty vehicles (under 14,000 pounds) and up to $40,000 for heavier vehicles. Significantly, the commercial credit does not have the origin, price or other restrictions of the credit for consumer buyers.

On top of all that, the Department of Treasury guidance released at the end of December allows the less restrictive commercial credit to also apply to vehicles leased by consumers; that means most plug-in and fuel-cell EVs currently on the market can qualify, including those built in Europe or Asia. The credit goes to the leasing company — the vehicle owner — but it can be passed to the consumer in the form of lower lease payments.

The new federal rules do not affect state and local subsidies available for EV buyers [which may be able to get you even more savings].

-via Cars.com, January 12, 2023

[dontmeantobepoliticalbut]

In February US company LanzaJet, which produces sustainable aviation fuel (SAF) from ethanol, announced that it intended to build a second, larger plant on US soil.

The Inflation Reduction Act (IRA) was a "big influence", says Jimmy Samartzis, its chief executive.

The second plant would add to its facility in Soperton, Georgia - the world's first commercial scale ethanol-to-SAF plant.

"We have a global landscape that we are pursuing…[but] we have doubled down on building here in the United States because of the tax credits in the IRA, and because of the overall support system that the US government has put in place."

Signed into law by President Biden in August 2022, the IRA, along with the so-called Bipartisan Infrastructure Law (BIL) enacted in November 2021, are intended, amongst other things, to funnel billions of federal dollars into developing clean energy.

The aim is to lower greenhouse gas emissions, and incentivise private investment, to encourage the growth of green industries and jobs: a new foundation for the US economy.

With a 10-year lifespan, and a cost originally estimated at $391bn (£310bn) but now predicted to reach over $1tn - the final figure is unknown - the IRA offers new and juicer tax credits, as well as loans and loan guarantees for the deployment of emissions reducing technology.

The tax credits are available to companies for either domestically producing clean energy, or domestically manufacturing the equipment needed for the energy transition, including electric vehicles (EVs) and batteries.

Consumers can also receive tax credits, for example for buying an EV or installing a heat pump. The tax credit for SAF producers like LanzaJet is new in the IRA and, offers between $1.25 to $1.75 per gallon of SAF (though it only lasts five years).

Complementary is the BIL, which runs for five years and provides direct investment largely in the form of government grants for research and development and capital projects. Under the BIL, about $77bn (£61bn) will go to clean energy technology projects, according to the Brookings Institution which monitors the law.

One company to benefit so far is EV battery recycling company Ascend Elements.

It has won BIL grants totalling $480m (£380m), which it is matching a similar amount in private investment to build its second commercial facility in Hopkinsville, Kentucky.

"[The IRA and BIL] are massive investments… larger than the infrastructure related provisions in the New Deal," says Adie Tromer from the Brookings. "There is a clear sense that America has become more serious about transitioning to a cleaner economy."

While rules for some tax credits are still being finalized, tens of billions in actual public spending is flowing into the economy, says Trevor Houser at the Rhodium Group, an independent research provider. Rhodium, together with the Massachusetts Institute of Technology, runs the Clean Investment Monitor (CIM) to track US clean technology investments.

According to recently updated CIM data, in the 2023 fiscal year, the federal government invested approximately $34bn (£27bn) into clean energy, the vast majority through tax credits.

The extent to which the policy instruments are so far spurring not just announcements - of which there are plenty - but real extra private investment is harder to know: clean energy investment has been on a general upward trend anyway and the IRA hasn't been around long. But experts believe it is rising.

Total clean energy investment in the US in the 2023 calendar year including from both private and government sources reached a record $239bn (£190bn), up 38% from 2022 according to the CIM data.

Clean energy investment in the US, as a share of total private investment, rose from 3.7% in the fourth quarter of 2022 to 5% in the fourth quarter of 2023.

The IRA has had two main positive effects thus far, says Mr. Houser.

It has "supercharged" private investment in more mature technologies which were already growing very rapidly like solar, EVs and batteries.

It has also, combined with the BIL, led to a "dramatic growth" in investment in emerging climate technologies like clean hydrogen, carbon dioxide capture and removal and SAF. While the total magnitude of those investments are still relatively small compared to the more mature technologies, "the IRA fundamentally changed the economics" says Mr. Houser.

But the IRA is failing to reach some parts of the green economy: so far it hasn't lifted investment in more mature technologies which have been falling like wind and heat pumps, though Mr. Houser notes things may have fallen further without the IRA.

On the industry's mind is the fate of the laws, particularly the longer-to-run IRA, should there be a change of government in the US November elections.

Repealing or amending the IRA (or BIL) would require Republican control of the Presidency, Senate and House - though wholesale repeal would likely face meaningful opposition from within. The rub is many of the projects that the IRA is incentivising are being or will be built in Republican states or counties.

Yet a Republican president alone could potentially frustrate things for example by slowing or deferring loans or grants, or amending the rules which serve the laws. "A Trump presidency would definitely chill the atmosphere and possibly more," says Ashur Nissan of Kaya Partners, a climate policy advice firm.

The Heritage Foundation, a conservative think tank and purveyor of hard-right ideas for the next conservative President, advocates repeal for both the IRA and BIL. For the organization's Diana Furchtgott-Roth, a former Trump administration official, it is fiscally irresponsible for the US, with its vast deficit and debt, to be spending like this.

It is also time, she says, that renewable energy such as solar and wind, into which subsidies have been poured for years, stood on their own feet.

Yet others argue the US can't afford not to do take this path. And the point of the loans program is to take risks to help unlock new solutions that scale. "It would be failing if there weren't any so called 'failures' within it," says Richard Youngman, of Cleantech Group, a research and consulting firm.

Meanwhile, the US's approach is putting competitive pressure on Europe to do more.

Some European clean energy manufacturing companies are now building facilities in the US to take advantage of the tax credits that otherwise would have been built in Europe including solar panel maker Meyer Burger and electrolyser manufacturers Nel and John Cockerill.

"The US wasn't a market for some of these companies in the past because Europe was more active," says Brandon Hurlbut, of Boundary Stone Partners, a clean energy advisory firm.

The EU's Net Zero Industrial Act (NZIA) is expected to enter into force this year. It doesn't involve new money, but seeks to coordinate existing financing and introduces domestic favourability for the first time - putting in place a non-binding target for the bloc to locally manufacture 40% of its clean energy equipment needs by 2030.

In the UK, chancellor Jeremy Hunt has made clear he isn't interested, nor can the UK afford to copy the IRA's approach in some "distortive global subsidy race" and will stick to other ways of helping. The Labour party recently scrapped its $28bn green investment plan seen as a stab at leaning into an IRA style policy.

A global audience will be watching as the US's clean energy juggernaut unfolds. And if it leads others to ask what more they can do to produce clean energy products - even if just for reasons of economic opportunity - it will be good for humanity's sake, says Mr. Hurlbut.

[techninja]

Exploring the Dynamics of the Synthetic Fuels Market: A Sustainable Energy Solution

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