Toyota is finally on almost all electric

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Toyota is spending billions on batteries, VW is confident it will have billions to spend too, and Lotus. in all that and more morning shift For September 7, 2021.

1st Gear: Toyota Will Spend About $14 Billion on Batteries

Despite rapidly electrifying coming out of the gate with the Prius all those years ago, the world’s biggest automaker is strangely hesitant on EVs. but the company said on tuesday This will put billions in the battery. It looks like it’s in large part because Toyota thinks it’s cracked solid-state code.

From Automotive News:

Japan’s biggest automaker also expects to cut battery costs by half in the second half of this decade, executive officials said in an online briefing on Tuesday, outlining plans.

Toyota is still on track to develop solid-state batteries by 2025, Chief Technology Officer Masahiko Maeda said, adding that it began testing a working prototype last year.

He added that if engineers can develop the right balance of power output and stability, the company is looking at using solid-state batteries not only in pure EVs but also in hybrid vehicles.

Toyota also plans to commercialize the next generation of lithium-ion batteries in the latter half of the decade that will further advance in cost and performance for electrified cars.

Referring to battery electric vehicles, Maida said, “By establishing a system for both development and supply, we will promote the proliferation of electrified vehicles, including BEVs.”

The Wall Street Journal clarifies That it has $9 billion for production and the rest for research. Toyota also had some nonsensical reasons why the game was late.

Toyota’s chief technology officer Masahiko Maeda said Toyota has been slower than some competitors to bring electric cars to market because it seeks to offer consumers a good combination of safety, price and performance.

“There is a trade-off. If we focus on security, performance suffers,” said Mr. Maida. The company is trying to make its batteries so that they retain 90% of their charging capacity after a decade, a goal that is still elusive, Maeda said.

We saw Toyota’s bZ4X concept in April, and I hope Toyota’s upcoming EV continues in that the feeling of being completely normal.

2nd gear: VW is also going all-electric and insists on the money to pay for it.

Batteries are very hot right now, you may have heard. VW CEO Herbert Diess thinks they are hot enough for them to justify a massive expansion in production capacity, which would be too much. Expenditure Anyway, VW says it will definitely have money to build a battery plant.

From Reuters:

Volkswagen (VOWG_p.DE) is optimistic it has enough funding, internal or external, to meet its ambitious plan to build six large battery factories across Europe with partners by the end of the decade, its chief executive said.

“The required capital is available in the market. Northvolt has shown it,” said Herbert Diess on the sidelines of the IAA Munich car show.

Swedish battery cell maker Northvolt, in which Volkswagen has a 20% stake, raised $2.8 billion in June this year in one of Europe’s largest private placements, led by four Swedish pension funds. and OMERS Capital Markets. read more

“Today, the returns that can be earned with battery production are high. It is a demand-driven market and remains a demand-driven market for the foreseeable future,” Dice said.

If you’re someone who’s invested in VW-stashed battery projects, maybe expect a call.

Diess said in May that parts of Volkswagen’s battery activities may be listed separately in an initial public offering.

3rd Gear: Hyundai Is Going Electric Too But With Hydrogen

many people are happy Explain to you all the reasons hydrogen fuel-cell cars would never work, mainly that It is too expensive and harvesting of hydrogen is too resource-intensive.. Hyundai looks at the Hydrogen and says, wow, that looks great, sign me up.

From hyundai release tuesday:

At the Hydrogen Wave Global Online Forum held today, the group presented its plan to popularize hydrogen by 2040 through the introduction of new technologies and mobility solutions in the transportation and other industrial sectors.

Further underlining its pioneering commitment to clean sustainable energy for all forms of mobility, the group unveiled unprecedented plans that will see the electrification of all new commercial vehicle models – including fuel cell electric or battery electric powertrains, as well as Also includes the application of fuel cell systems. – For all models by 2028. The bold strategy will put the group at the forefront of the commercial vehicle sector, helping to reshape the industry and realize a sustainable clean future in the process.

[…]

The group’s central goal of fully implementing its commercial vehicle lineup with fuel cells by 2028 will make it the first global automaker to realize such ambitions for commercial vehicle transportation and further facilitate the transition to true sustainable mobility. will help.

“Hyundai Motor Group’s vision is to implement hydrogen energy in all walks of life and industry, such as our homes, workplaces and factories. The goal is to make hydrogen easily accessible to everyone, everything and everywhere,” said [Chairman of the Group, Euisun Chung] Hydrogen Wave Online on the global platform. “We want to offer practical solutions for the sustainable development of humanity and with these successes, we aim to help promote the Hydrogen Society around the world by 2040.”

I wish Hyundai all the best in the world.

4th Gear: Growing Lotus in China

The legendary British automaker is going all-electric, Along with the four new models, three of them will be made in Wuhan, China. Reuters said on tuesday That he’s also opening dozens of new dealerships, er, showrooms there.

[Lotus chief Feng Qingfeng] said Lotus, which is owned by Chinese firm Geely (GEELY.UL) and Malaysia’s Attica Automotive, will begin production next year at its Wuhan factory, which will produce about 2,000 compact SUVs.

The plant, which is still under construction, will reach full production of 20,000 cars in 2023, Fang told Reuters in a telephone call from Hangzhou, where Geely is headquartered.

The cars will be placed in a similar segment compared to rivals Porsche (PSHG_p.DE) and BMW (BMWG.DE) and Audi, Fang said. Porsche said it sold 88,968 cars in China last year, fueled by demand for the Macan compact sports-utility vehicle.

Feng said Lotus will open more than 20 showrooms next year, first targeting major cities such as Beijing and Shanghai. It will further expand the network in 2023 and 2024 to include cities such as East Suzhou and Ningbo, for a total of 50-70 showrooms across the country.

Bet at your own risk against Lotus, as in Jelly’s Volvo’s prudent leadership He has silenced many of his doubters.

5th gear: men get jobs

Stephen Sialph, Joe Has held a lot of jobs in the automotive industry, Geely’s new head of global design. Replacing Sialaf Peter Horbury, Which sounds like he has a fun semi-retirement gig when it comes to Lotus.

From Automotive News:

Horbury, 71, indicated in an interview with Automotive News Europe in March that he was keen to switch to Lotus as he reduced his workload at Geely.

“I must say that the Lotus projects that we have started, I will find it difficult to let them go. They are very exciting,” he said. “You can imagine that I will spend some more time after getting the chance to design a new Lotus I want to stay

[…]

Sealaf, 59, will oversee design at Geely’s well-known brand Geely Auto as well as Link & Co, EV brands Geometry and Proton. He will also support the development of Zeekr, Geely’s new premium EV brand.

He will live in Gothenburg, Sweden. He will not manage the designs for its Volvo and Polestar brands.

The appointment of the Silaf comes at a time when Chinese automakers are increasing their pressure to appeal in more global markets, which offer tougher competition than at home.

Reverse: Submarine

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