We have another dose of this week’s top EV headlines below. Find out what is happening in the segment. So, when it comes to big industry headlines, you’ll be the smartest person on the water cooler.
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Wallace Battery Innovation Center
General Motors is building a new 300,000 square foot battery research facility in Michigan to build EV batteries that last longer, charge faster, and are more sustainable. One of its main goals is to build electric vehicles that can travel up to 600 miles on a single charge.
The Wallace Battery Innovation Center, named after Bill Wallace, a battery engineer who died in 2018, will cost up to “hundreds of millions of dollars”. The aim of the plant is to produce batteries with an energy density of “up to 1,200 watt hours per liter”. This has never happened before in the EV industry. GM is currently producing an Ultium battery architecture that offers ranges of up to 400 miles or more. These batteries will make their debut in the Hummer EV pickup set to be produced next year.
Tesla delivered 241,300 electric vehicles in the third quarter of 2021, beating analysts’ forecasts of around 220,900 Tesla cars to be delivered during this period. The company produced 237,823 cars through September 30, 2021. 228,882 of these were the Model 3 and Model Y, their cheaper mid-range offerings.
Rivian plans to build battery cells in-house after sourcing batteries from a South Korean supplier. Rivian said in his heir application to go public in the United States that his own battery cells would complement third-party cell procurement. This would be able to ensure continuity and support of care. Rivian plans to invest approximately $ 8 billion by the end of 2023 to invest in additional manufacturing capacity, battery cell production, charging networks and others.
Rivian is also planning an autonomous driving system and a possible subscription model. The autonomous capability will cost around $ 10,000, and subscription fees and connectivity-based services are expected to be around $ 5,500 per vehicle for 10 years. Rivian’s SAE Level 3 autonomous driving technology will feature similar hardware to the R1S and R1T’s Driver + system. These systems have level 2 safety functions that support the driver. Driver + uses 11 cameras, 12 ultrasonic sensors, 5 radars and a high-precision GPS antenna.
Rolls-Royce will only produce electric cars by 2030 and will therefore switch along with other premium brands. The company’s first all-electric car, Specter, will hit the market in the fourth quarter of 2023. BMW, the parent company of Rolls-Royce, has not set an end date for producing fossil fuel cars. Instead, it has set itself the goal of achieving 50 percent of electric vehicle production by 2030.
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