#electric_vehicle_market

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We are not talking about a generator, but about an additional battery Tesla has released a slew of details about the Cybertruck, confirming that the vehicle offers a range extender option. The Cybertruck with dual-motor all-wheel drive and the top-spec Cyberbeast with three-motor all-wheel drive will receive range extender options that will increase their range from 545 to 755 km and from 515 to 710 km, respectively. [caption id="attachment_85522" align="aligncenter" width="780"] Tesla[/caption] The Cybertruck received a range extender that differs from the industry's traditional ones. Tesla CEO Elon Musk didn't mention the range extender option during the presentation, but later clarified in X that we were talking about another battery pack. Asked to explain what a range extender is, Musk replied: “An additional package that takes up about 1/3 of the truck bed. At the same time, you still have enough space for a large amount of cargo. It is designed for very long trips or towing heavy trailers.” This is a completely different approach to past "range extenders" in electric vehicles, which were typically gasoline generators (or even all-gasoline engines) that served to assist or charge the battery. The BMW i3, Chevrolet Volt and the upcoming Ram Ramcharger truck all work this way. It is not yet clear whether Cybertruck owners will be able to independently install and remove the additional battery if necessary.

[mohitbisresearch]

BIS Research's electric vehicle market, research, analysis, report covers industry forecast, market segmentation, data, market share, analysis, growth. Try now.

[goldstein-research]

Charging Infrastructure- A Decisive Factor for the Growth of Electric Vehicles in India

The Indian automotive industry is one of the major growing markets of the world, and vastly contributes in the country’s industrialized facilities. The automobile industry in India is further projected to upsurge the share of manufacturing in India’s GDP to 25% by 2024 from 15% presently, with manufacturing of electric vehicles being automotive sensation in India. Although, the India’s electric vehicles market is at its emerging stage as of now, but the enablers given by the government are pretty sufficient for it to nurture for taking its first step. Sight of which can be very noticeably seen with Tata’s of the world all set to make public its first ever electric vehicle for Indian market during 2017. However, with all the evident opportunities, there still exist certain challenges for the development of Indian electric vehicle market, one such being shortage of lithium deposits and charging infrastructure.

Stringent vehicular emission norms, plummeting battery prices and growing consumer awareness are the major factors driving the EV adoption in India, while electric vehicles are not yet main-stream, government impulse and other indications point to a growing momentum. However, the India electric vehicles market report noted the serious need for developing charging infrastructure at a rapid pace "as it is the decisive factor for growth of electric vehicles. The most required need for EVs growth at this point in time is the presence of associated support industry and infrastructure as it will help the charging infrastructure flourish.

Newly released Indian Electric Vehicle market research from Goldstein Research, a leading marketing intelligence and consulting firm, indicates that EVs in India are projected to grow at a CAGR of 38.1% between now and 2024.

India Electric Vehicle Market Outlook 2024 by Goldstein Research contains detailed overview of the India electric vehicle market. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Toyota, Maruti Suzuki, Mahindra Motors, BMW, Tata Motors, Lohia Auto Industries, Heroelectric, BSA Motors etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

For research on electric vehicle market in India, visit:

https://www.goldsteinresearch.com/report/india-electric-vehicle-market-size-forecast-2016-2024

[blueweave]

The UK #Electric_Vehicle_Market is estimated to #grow at a #CAGR of 12.7%, earning revenue of around USD 6.26 #billion by the end of #2027. For more info please visit:https://bit.ly/3lcDP9u

The leading market players in the #UK_electric_vehicle market are BMW UK., COLT CAR COMPANY LIMITED (THE), Nissan Motor Corporation, Volkswagen Group UK Ltd, Renault Trucks UK, Allen Ford UK, Mercedes-Benz Cars UK Fleet & Business Ltd, Audi UK., Tesla, Hyundai Motor UK, and other prominent players.

[phonemantra-blog]

More than 20,000 vehicles were shipped in November Xpeng Motors said it delivered 20,041 new electric vehicles in November, an all-time record for the company. Sales were up 245% year over year and 0.2% month over month. One of the key drivers of sales growth was the Xpeng G6, which demonstrated significant popularity among consumers, making a huge contribution to Xpeng's sales. This month, Xpeng shipped 8,750 units of the Xpeng G6, accounting for 44% of the company's total sales. The total sales of Xpeng and Xpeng G6 remained almost the same as the previous month. Since launch, the cumulative shipments of Xpeng G6 have exceeded 36,000 units. Xpeng has set a historical record for machine deliveries, but the company is suffering huge losses [caption id="attachment_85433" align="aligncenter" width="780"] Xpeng[/caption] Xpeng's sales have started to improve in the past few months. The company reported total deliveries of 40,008 vehicles for the third quarter of 2023, up 35% from a year earlier. Additionally, the month-on-month growth for the third quarter was 72%. Interestingly, in the first three quarters of this year, Xpeng lost $1.28 billion, with this loss increasing by 33% compared to the same period last year. Many consumers and investors have expressed concern about Xpeng's prospects.

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Plug-in hybrids fare worst Consumer Reports decided to evaluate modern cars in terms of reliability, dividing them into different categories and separately evaluating electric cars. The result was a large and informative report. [caption id="attachment_85097" align="alignnone" width="600"] electric cars[/caption] So, if we talk about reliability in general, Lexus leads the overall brand ranking with 79 points, followed by Toyota, Mini, Acura and Honda. At the bottom of the list are Chrysler, Mercedes-Benz, Rivian, Volkswagen and Jeep. The report's authors say they, as always, asked people about problems they had with their vehicles over the previous 12 months. This year, data was collected on more than 330,000 vehicles from model years 2000 to 2023, including several previously introduced 2024 models. A large study has shown that electric cars break down more often cars with internal combustion engines. [caption id="attachment_85098" align="aligncenter" width="400"] electric cars[/caption] If we talk about the number of problem areas in certain categories of cars, then electric cars perform best: they have only 12 problem areas. For other classes, the indicators are similar: 17 zones for cars with internal combustion engines, 19 zones for hybrids and 20 zones for rechargeable hybrids. But these are just types of problems that have nothing to do with the reliability of specific machines. More indicative is the chart below, showing the number of specific problems on average for cars of a given class in comparison with cars with internal combustion engines. [caption id="attachment_85099" align="aligncenter" width="754"] electric cars[/caption] As we can see, conventional hybrids perform best, while plug-in hybrids and electric vehicles perform much worse. These two classes break down on average twice as often as cars with internal combustion engines.

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Perhaps other companies will follow Tesla Tesla has increased the price of the Model Y Long Range AWD in China by $280. This is the third price increase in a row in less than two weeks - since November 9, when Tesla raised the price of the Model Y LR by $350. Tesla sales staff told local media that the increase is a "price correction" following a price cut in August. Moreover, production costs are rising and price increases may continue in the future. [caption id="attachment_84074" align="aligncenter" width="780"] Tesla[/caption] Tesla sets trends. Tesla began slowly raising prices on October 27, when the top-spec Model Y AWD Performance went up $2,000. This was followed by a price correction on November 9, when the price of the Model Y AWD Long Range increased by $350. A week later, on November 14, the entry-level Model Y RWD also increased in price by $350. The price of the updated 2024 Model 3 (Highland) Long Range was increased by $210 on November 9, and the following week, on November 14, the rear-wheel drive version also increased in price. This comes after months of a price war in the Chinese electric vehicle segment, which began in November 2022 when Tesla cut prices on its lineup by 11%, and continued in January when the US automaker cut prices on some models by 13%, effectively kick-starting the effect domino, as many local competitors had to follow suit.

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Deliveries of the first vehicles are expected on November 30 The Tesla Cybertruck, which is one of the most hyped vehicles in recent history, won't do much good for Tesla, at least in the short term, and its cancellation would actually be good for the company's stock price. This opinion was expressed by Jefferies Group analyst Philippe Houchois after lowering his target price for Tesla shares to $210 per share, citing lower earnings and free cash flow estimates. Let us remind you that there is about a week left before the first deliveries of the Cybertruck, although there will be only 10 vehicles in the starting batch. [caption id="attachment_84068" align="aligncenter" width="780"] Tesla[/caption] Tesla should cancel the Cybertruck - it would have a positive effect on the stock price. “The cancellation of the Tesla Cybertruck would be positive for the stock. Tesla looks set to be stuck in slow motion for another 12-18 months, unable to capitalize on the delays, while European OEMs launch €25,000 electric vehicles next year and Chinese automakers set a new pace for shorter production cycles products,” Houchua wrote in his article. Previously, Elon Musk said the following: “I just want to temper expectations for the Cybertruck. It's a great product, but from a financial perspective it will take a year to 18 months before it starts generating significant positive cash flow." Houchua added that instead of spending significant resources on Cybertruck production, the company should focus on "large volume global segments and supply of 4680 battery cells for Model Y."

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Results of a large study Recurrent published During the 2022-2023 winter season, startup Recurrent collected data on the battery health and range of 10,000 electric vehicles to analyze how freezing temperatures affected their range. Analyzing 18 electric vehicle models in the United States, the researchers found that the average observed winter range (taking into account real-world variables such as climate, terrain and driving habits) was 70.3 percent of their normal range. [caption id="attachment_83777" align="aligncenter" width="780"] Tesla, Audi and Nissan[/caption] Among the EVs analyzed, the 2021-2022 Audi E-Tron, renamed the Q8 E-Tron starting in 2023, had the smallest range drop at 0°C. Its winter range was only 16% lower than normal. The E-Tron was one of the first electric vehicles to be equipped with a heat pump, which can capture up to 3 kW of electricity by converting waste heat from the engine. The 2019 Nissan Leaf also saw a relatively small decrease in range. He lost 23% of his range. Note that older Leaf models were more susceptible to varying temperatures due to passive temperature control compared to newer models that can be used with battery warmers. Notably, some Alaska drivers are extremely happy with their Leafs, according to Recurrent. Tesla, Audi and Nissan lose less range in winter than others Finally, Tesla's thermal management looks quite impressive. Model 3, Model Y and Model X lost their range by an average of 24% in the winter. In 2021, the brand introduced its patented heat pump, which seems to have included several innovations to improve the efficiency of the heat pump. Features such as battery preconditioning also help reduce range loss in winter. [caption id="attachment_83780" align="aligncenter" width="500"] Tesla, Audi and Nissan[/caption] It is worth noting that in colder regions the range may be even less.

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Sales will start in February 2024 Xiaomi presented its first car, which was called Xiaomi SU7. It will be manufactured under contract by Beijing Automotive Industry Holding Co. Ltd (BAIC), not Xiaomi. Previously, the electric car was known under the code name MS11. [caption id="attachment_82449" align="aligncenter" width="780"] Xiaomi car[/caption] Xiaomi SU7 is an electric sedan with dimensions of 4997 × 1963 × 1455 mm and a wheelbase of 3000 mm. Wheels can be 19 or 20 inches. Tire characteristics are 245/45 R19 and 245/40 R20, respectively. Xiaomi showed two versions: with and without lidar. The lidar is installed behind the windshield. [caption id="attachment_82450" align="aligncenter" width="780"] Xiaomi car[/caption] [caption id="attachment_82451" align="aligncenter" width="780"] Xiaomi car[/caption] There is a camera on the side stand, and Xiaomi SU7 will be equipped with an unlock function using facial recognition. There will be two powertrain options: rear-wheel drive with a 300 hp engine. and all-wheel drive with a maximum power of 673 hp. The BYD battery pack is supplied for the cheaper option, and the CATL battery pack is supplied for the more expensive option. The curb weight is 1980 kg, and the top speed is limited to 210 km/h. The first Xiaomi car was presented. Official photos and details [caption id="attachment_82452" align="aligncenter" width="780"] Xiaomi car[/caption] Electric motor model - TZ220XS000. It is manufactured by United Automotive Electronics Co., Ltd. The car will also be equipped with ETC, a system that allows drivers to automatically pay tolls on toll roads without stopping the car. [caption id="attachment_82453" align="aligncenter" width="780"] Xiaomi car[/caption] Serial production will start in December 2023, and deliveries will begin in February 2024. BAIC's Beijing plant has already begun trial production, and dozens of test vehicles have rolled off the assembly line.

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Next week Chinese manufacturer Li Auto's first electric car, the Mega, will be available for pre-order at the Guangzhou Auto Show next week. The official market launch will take place in December, with deliveries scheduled for February. Prices should start at $69,000. Buyers will receive various bonuses. [caption id="attachment_80035" align="aligncenter" width="780"] Li Auto[/caption] Li Auto Mega is built on a new platform that supports DC fast charging, which allows the batteries to be charged for a trip of 600 km in 22 minutes and 400 km in less than 10 minutes. This model marks Li Auto's entry into the electric minivan segment. Pre-orders for Li Auto Mega will begin at the Guangzhou Auto Show Li Auto Mega will have a teardrop-shaped body with sloping A-pillars that go into a sloped hood. Li Auto Mega will receive a sleek roofline, retractable door handles and aerodynamic wheel covers. Its front part is equipped with an LED strip of running lights. A Hesai AT128 lidar is installed on the roof of the Mega. At the rear, the Li Auto Mega received a darkened taillight unit. There is an opening upper part of the trunk lid. [caption id="attachment_80036" align="aligncenter" width="780"] Li Auto[/caption] Li Auto is a Beijing-based startup that sells the L7, L8 and L9 crossovers. These models are similar in appearance and technical characteristics. Currently, Li Auto is focusing on the domestic market without developing its overseas strategy. Its volume is quite high in China: sales are about 30,000 cars per month.

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The price was reduced due to the transition to a cheaper battery Xpeng has officially unveiled the new version of the Xpeng P7i 550, which is priced at $30,800. The key difference from the previously released model is the replacement of the lithium battery pack with a lithium iron phosphate (LFP) battery pack, and the capacity has decreased from 86.2 to 64.4 kWh. This resulted in a reduction in range from 702 km to 550 km and a price reduction of $3,600. [caption id="attachment_79420" align="aligncenter" width="780"] Xpeng P7i 550[/caption] The battery supplier is EVE, which also supplies batteries to Dongfeng brands such as Forthing. In 2021, the Xpeng P7 has a variant with LFP battery manufactured by CATL with a range of 480 km. However, Xpeng has stopped assembling this configuration due to low demand among Chinese buyers. Now Xpeng is going back to the LFP battery. Xpeng P7i 550 introduced [caption id="attachment_79421" align="aligncenter" width="780"] Xpeng P7i 550[/caption] The length has increased to 4888 mm (+8 mm). The all-wheel drive model boasts a maximum power of 276 hp and accelerates from 0 to 100 km/h in 6.4 seconds. For fast charging, the all-wheel drive model can add 240 km of range in 10 minutes. The new P7i gets the same driver assistance equipment as the G9, including LiDAR, 8MP camera and 2 Orin X chips. [caption id="attachment_79422" align="aligncenter" width="780"] Xpeng P7i 550[/caption] The vehicle is equipped with a standard heat pump and soft-closing scissor doors.

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Price starts at $30,100 The new fastback crossover Song L became available for pre-order on October 31st starting at $30,100 in China. It was previously reported that the starting price would be $34,100. A total of five versions will be released, the top one costs $38,300. [caption id="attachment_79094" align="aligncenter" width="780"] BYD Song L[/caption] Song L is BYD's latest model, based on the e-Platfrom 3.0 architecture that also powers Seal, Dolphin, Atto 3 (Yuan Plus). It also features the brand's latest design language called Dragon Face. It has a front end with slim LED headlights and a sporty front bumper with a trapezoidal air intake. This crossover also features a sloping roofline and retractable door handles. At the rear of the Song L there is an active spoiler. [caption id="attachment_79095" align="aligncenter" width="780"] BYD Song L[/caption] Powerful fastback crossover BYD Song L turned out to be cheaper than expected The body size is 4840 x 1950 x 1560 mm, and the wheelbase is 2930 mm. It is 115 mm shorter and 49 mm narrower than the Zeekr 001 liftback from Geely. It received the latest DiSus C suspension. Let us recall that BYD previously announced adaptive suspension and new technology for the car’s intelligent body control system. The system includes electronically controlled solenoid valve shock absorbers and a suite of sensors that scan the road surface in real time. As a result, the electronics adjust the performance of the shock absorbers, constantly changing their stiffness characteristics in accordance with the current road situation. [caption id="attachment_79096" align="aligncenter" width="780"] BYD Song L[/caption] Inside, there's a 10.25-inch full-LCD instrument panel, a large 15.6-inch floating center control screen and a 50-inch head-up display. The car system is based on the latest generation of BYD's DiLink operating system, as well as the advanced DiPilot driving assistance system, which supports more than 30 functions such as driver fatigue monitoring and autonomous parking. [caption id="attachment_79097" align="aligncenter" width="780"] BYD Song L[/caption] BYD Song L will compete with the more expensive Zeekr 001.

[phonemantra-blog]

The company was founded in 2019 Swedish company Volta Trucks, founded in 2019, announced that it is filing for bankruptcy. The company is going out of business due to problems with its battery supplier and investors. “It is with deep and sincere regret that the Board has made the difficult decision to take steps to file for bankruptcy in Sweden,” the company said in a statement. “The board has not taken this course lightly and is fully aware of the significant impact this will have on the organization’s dedicated staff, as well as customers and partners.” Volta Trucks declares bankruptcy [caption id="attachment_70992" align="aligncenter" width="780"] Volta Trucks[/caption] Volta Trucks introduced the Zero in 2020, an all-electric 16-tonne commercial truck with a futuristic design, a central driver position, and a battery capacity of up to 225 kWh. The car could travel up to 200 km on a single charge. Working with Steyr, the company hoped to produce the cars at a plant in Austria. Reuters reported that the company had more than 5,000 orders for the trucks, but problems with investors meant capital was drying up. At the very beginning of its activities, the company raised about 300 million euros. However, the bankruptcy filing by Volta battery supplier Proterra has dealt a major blow to the company.

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The company is recruiting specialists Xiaomi, according to Chinese media, is working on extended-range EV (EREV) systems for electrified models. The manufacturer is already recruiting development engineers with relevant experience. According to the job descriptions, engineers will be responsible for developing and testing range extender systems, designing system components, and helping build the supply chain. Employees will also be responsible for researching future trends in range-extending technologies. The company is seeking engineers with a bachelor's degree or higher with more than three years of experience managing the design and development of such systems. The candidate must also have experience working on multiple mass production and service projects. In addition to EREV developers, Xiaomi is looking for engineers for internal combustion systems, air intake, and exhaust systems, as well as other engine specialists. Xiaomi will add an internal combustion engine to its cars to increase the range [caption id="attachment_62199" align="aligncenter" width="780"] Xiaomi Cars[/caption] Xiaomi is known to be testing an electric car, but some media outlets have stated that the upcoming Xiaomi sedan is quite long, leading to speculation that the designers have left room for an internal combustion engine. Working as a generator, such an engine serves precisely to increase the range of electrified models. Back in August, Xiaomi began producing machines. As of early September, Xiaomi's Beijing plant was producing about 50 vehicles per week.

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All because of the company's desire to reduce prices Tesla has published a financial report for the third quarter of the 2023 financial year. Revenue for the reporting period amounted to $23.35 billion, which is 9% more than the result of a year ago. [caption id="attachment_71530" align="aligncenter" width="600"] Tesla[/caption] Tesla increased revenue and car production, but profits and profitability collapsed Operating income was $1.8 billion and net income was $1.85 billion. This is respectively 52% and 44% less than last year’s results. Profitability amounted to 7.6% versus 17.2% a year earlier, which was also due to the active reduction in prices for Tesla cars. In total, Tesla produced 430,488 cars during the quarter, increasing production by 18%. During this period, 435,059 vehicles were delivered, which is 27% more than a year earlier. The lion's share comes from Model 3 and Model Y. The company's shares rose 2.4% in trading after the report, but then fell more than 3% after Elon Musk warned that the Cybertruck would not generate significant positive cash flow for 12 to 18 months after the start of production, and stressed that Tesla is now focused on reducing prices for its cars.