EDITOR'S CHOICE

Faraday Future: An SEC Subpoena, No Revenue, And Almost No Cash Left

17 Jun 2022 | Synopsis

"The company provided reservation figures of around 14,000 and initial financial guidance for revenue of at least $504 million in fiscal 2022...Actual reservations are 97% smaller at 401. The larger figure included free to make indications of interest whilst actual reservations required a $5,000 refundable fee.

"The competition is going to heat up and Faraday faces a difficult battle of gaining market share..."

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Volkswagen Is Poised to Overtake Tesla as the World's No. 1 Electric Vehicle Company

17 Jun 2022 | Synopsis

"In less than two years, Tesla will likely lose the crown of the world's largest electric vehicle company, according to a study by Bloomberg Intelligence published June 14."

"Last year, Volkswagen sold about 450,000 electric cars globally. That's less than half of what Tesla delivered. However, when excluding the U.S.-- where Tesla is a clear winner--the two companies are fairly close rivals..."

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Survey: Many EV Truck Buyers Reserve More Than One

17 Jun 2022 | Synopsis

"Eighty-nine percent of survey respondents who had reserved a Tesla Cybertruck also reserved another electric pickup. In comparison, every buyer who had reserved a Ford F-150 Lightning or Chevy Silverado EV also reserved another EV truck.

"Chevy is taking reservations for the Silverado EV now with hopes of delivering it by 2024, for instance. Just 20% of those who have reserved a Silverado EV told Recurrent they expect to buy it."

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This Compact Electric Vehicle Wants to Combine a Scooter and a Car

16 Jun 2022 | Synopsis

"Because it is designed for urban transport, it tops at 50 mph, with a predicted range of 93 miles in the city...on a 9 kilowatt per hour battery, which the company says can charge to 95% in a little under five and a half hours...on 120V.

"Pre-orders for the Nimbus One have begun with the company asking for $100 down payments... and a sticker price of $9,980; they also intend to offer the vehicles as a subscription..."

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The DLR U-Shift Concept Is The Smart Mobility We Can't Wait To Have

16 Jun 2022 | Synopsis

"Spearheaded by the German Aerospace Center (Deutsches Zentrum für Luft und Raumfahrt; DLR), U-SHIFT is essentially a smarter, cleaner, and versatile way to "shift" people and cargo.

"The innovative, out-of-the-box design incorporates novel modularity demarcating the drive module (or driveboard) from the transport module.

"DLR says a fully autonomous example with a top speed closer to 38 mph should be available as early as 2024."

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Why Investors Suddenly Care About Saving the Environment

16 Jun 2022 | Synopsis

"Here's a big number: $44 trillion.

That's how much of the world's total economic output is dependent on animals and ecosystems, according to the World Economic Forum...[which] ranks “biodiversity loss” as the third most severe risk to the economy over the next decade, after failure to act on climate change and extreme weather."

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These Eco-Zeppelins Could Help to Clean Up the Aviation Industry

16 Jun 2022 | Synopsis

"Each of these Hybrid Air Vehicles - of which there are currently 100 - will reportedly have a carbon footprint per-passenger of around 4.5kg compared to 53kg on a regular jet..."

"In terms of other practical benefits, each zeppelin, impressively, can stay in the air for five days at a time. It can also travel at maximum speeds of 130km (80mph) with a single flight range of more than 7,000km."

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Electric Vehicle Battery Capable of 98% Charge In Less Than Ten Minutes

16 Jun 2022 | Synopsis

"Enovix, based in Fremont, California, announced that it demonstrated in electric vehicle (EV) battery cells the ability to charge from 0% to 80% state-of-charge in as little as 5.2 minutes and to achieve a greater than 98% charge capacity in under 10 minutes. The cells also surpassed 1,000 cycles while retaining 93% of their capacity.

"Silicon anodes can theoretically store more than twice as much lithium than the graphite anode..."

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Hindustan Motors Stock Wakes Up From a Slumber, Doubles Investor Wealth in One Month - Here's Why

15 Jun 2022 | Synopsis

"..reports of the company reviving the legendary Ambassador brand and launching a new electric car...[which] remained in production for 56 years, from 1958 to 2014. Even though it is a relic of the past now, an electric variant could revive the company.

"Every 10,000 rupee invested in Hindustan Motors stock is now worth 24,500 rupee, in less than a month's time."

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McLaren Reportedly Plans Consumer Electric SUV

15 Jun 2022 | Synopsis

"The move isn't surprising given McLaren's financial woes resulting from the pandemic-related slowdown of the past two years, coupled with the need to invest electrification as the U.K...

"McLaren's decision to start racing this year in the Extreme E electric off-road series could also be construed as a need to build credibility in the world of high-performance electric SUVs ahead of introducing one to showrooms..."

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