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Welcome back to EV News Daily.
03:01
Coming up today, CUPRA's Tin Dyer is VW Group's take on a range extender.
03:06
G. Lee launches the EX5 in the UK and VW will delay the new electric golf and rock.
03:16
Later in the show, I'll tell you which electric vehicles
03:18
insurance companies say need to be made harder to steal.
03:23
Patreon supporters, fund the show, go ad-free.
03:26
Get the podcasts first and be part of the gang.
03:28
Click on a link in the show notes if you'd like to find out more.
03:31
On today's edition of EV News China,
03:33
we're talking about 15.5 million NEVs this year,
03:37
an updated Denza N9 and G. Lee's Galaxy Mini-Van.
03:42
Plus, if you join me tonight on our new show,
03:45
which I've called The Techsheet,
03:47
a spin-off from the spec sheet,
03:49
this is going to be a show that we look at the technology behind electric vehicles.
03:54
On The Techsheet this evening, we'll answer the question,
03:57
years after its launch, why hasn't the car industry followed the Tesla Cybertruck
04:02
down the route of 48-volt systems replacing the old ancient 12-volt battery?
04:08
That show will be live tonight for patrons,
04:10
and all patron exclusives go into the free feed after seven days.
04:14
But if you want the content first, that's just one of the many member benefits.
04:20
Let's kick off with Cupra.
04:21
Shown at the IAA show, the Cupra Tindaya is two concepts in one,
04:27
probably a successor to the Cupra best-selling form and tour,
04:31
but also a demo of what VW Group's range extender could look like on the SSP platform.
04:38
That will replace the Group's MEB and PPE.
04:41
The latter used for cars like the Porsche Macam.
04:44
SSP was meant to be EV only,
04:47
but now they've shown off the Tindaya with an E-rev option,
04:52
or as they called it, the Reeve option,
04:54
which is slightly weirder to say than E-rev, R-E-E-V.
04:59
Can we just call them E-revs?
05:01
Just for the podcast, even if the car companies want me to call them Reeves,
05:05
which is range-extended electric vehicle,
05:08
that could increase the Group's competitiveness in China.
05:12
Well, I think it's fair to say they're going, well, loopy for E-revs.
05:17
Check out our spin-off show, EV News China, for more details.
05:21
Performance, they say.
05:23
Well, it doesn't really matter because it's not a real car,
05:26
but they're aimed for 4.1 seconds, 0-62.
05:29
The powertrain would pair dual electric motors and all-wheel drive,
05:33
with a 1.5-litre four-cylinder petrol engine,
05:36
very common, by the way, in the Chinese way of doing it.
05:40
Electric range is about 300 kilometers or 186 miles, they say.
05:46
Again, the Chinese current trend is for very, very big batteries, 40, 50.
05:50
I talked about one today, 65 kilowatt hours in an E-rev.
05:55
Well, that's as big as the battery in my Hyundai Kona that I had for a year,
05:58
and that thing went forever.
05:59
And I never wanted to put some liquids inside it,
06:02
and have an engine to service.
06:04
Cupra used B-comp, a composite material for the body.
06:09
Inside is a motorsport-style yoke steering wheel,
06:12
a 24-inch digital display.
06:15
Both may appear on future Cupra production models.
06:18
No production date has been confirmed.
06:20
Entry around 2027 or 2028 could be plausible
06:25
for the next-generation mid-sized SUV.
06:27
Let's move on and talk about Geely, the megacorp that owns a lot.
06:32
They're actually launching a car here under their own brand,
06:35
not as a Volvo or a Polestar or an LEVC, London Black Cab.
06:40
I can't really say that because the LEVC company is also bringing either a six
06:45
or eight-seater minivan called the L380.
06:50
I think that comes next year.
06:52
I'll look into that.
06:53
But Geely, the Chinese company that also owns Lotus,
06:56
is introducing its namesake car here,
06:59
and orders have gone on sale today.
07:02
Pricing starts at $31,990.
07:05
It uses a 60.2 kilowatt-hour battery, usable lithium-ion phosphate.
07:11
Geely says the entry-level SE trim does 267 miles or 430 kilometers of range,
07:19
while the range-topping MAX trim, a little bit less,
07:22
often the big trims with more stuff inside or bigger wheels sometimes,
07:27
has only 255 miles, 12 miles off the peak range.
07:33
They give the 30 to 80, which is useless to us.
07:36
Please give us 10 to 80.
07:37
The industry gives us 10 to 80.
07:39
Don't give us 30 to 80 because we know you're trying to fudge something.
07:43
They say 20 minutes.
07:44
Standard equipment includes 18-inch alloy wheels, heated and electric front seats,
07:49
heated steering wheel.
07:50
The mid-level Pro trim is 34,000 pounds.
07:54
You put 19-inch wheels on that and the cloud interior.
07:59
And the MAX trim adds a panoramic glass roof, a powered boot,
08:02
and ventilated front seats, among some other nice features.
08:07
The EX5 comes with a six-year warranty, extendable by a further two.
08:12
Customers deliveries begin late October.
08:14
Geely previously said fleet buyers would be a key segment for the EX5.
08:18
They account for the majority of EV sales there at the moment.
08:21
Volkswagen is next and they will push back the start of production for the ID Golf
08:25
and the ID Rock ROC.
08:27
I used to say T-Rock that ID Rock sounds weird.
08:30
Back to 2030, the all-electric Golf was planned for 2028,
08:35
then moved back a year and now another year.
08:38
The ID Rock will roll off the line first in the summer of 2030
08:43
on the new SSP platform we talked about earlier.
08:46
The postponement appears to be part of a chain reaction
08:49
tied to shifting combustion engine gulf production.
08:52
The internal combustion gulf was originally scheduled to move to Mexico in 2027,
08:57
but they haven't worked out the optimal timing for that, they say.
09:00
Because of the delayed move, the planned transfer of the ID3 and the CUPRA born
09:05
from Tvickau to Wolfsburg in 2027 to fill the capacity
09:10
until the Golf and the Rock arrive, that also gets pushed back.
09:14
Final allocation of production across the group's plants is normally set in
09:17
VW's annual planning round.
09:20
They happen in November, which assigns production for the next five years.
09:24
The company now says clarity is not expected until that process,
09:28
which itself could be delayed because Audi must first clarify its plans
09:32
for possible US production.
09:34
While staying in Europe and some good news for Tesla,
09:37
their Grunheider factory near Berlin will increase vehicle production
09:41
beyond earlier plans because of very good sales figures.
09:44
Says the plant manager, Andre Tirig, telling the German news agency DPA.
09:50
He said the plant had revised their production plans upward
09:54
for the third and fourth quarters and that the factory continues to expect
09:57
positive signals for all the markets we supply.
10:01
He did not give specific production targets.
10:03
These comments contrast with actually what the sales data is telling us.
10:07
The Industry Association, a CEA, reports Tesla's sales in the European Union
10:12
were down 44% in January to July.
10:15
In Germany, Tesla registrations were down 39% in the month of August
10:20
and dropped 56% in the first eight months of the year compared to the same period
10:24
last year. Tesla recorded steep August declines in
10:28
France, Belgium, Denmark and Sweden. Norway was an exception,
10:32
but Norway's a very small car market by volume.
10:35
Registrations were up in August and up on the year to date.
10:38
Chief exec Elon Musk and other top executives have put the sales shortfall
10:43
down to the transition of the Model Y, which is their top-selling vehicle,
10:47
to having to shift over to the new design, disrupting temporarily the production.
10:53
But that can't explain why people also aren't buying as many Teslas as they used to.
10:57
So increasing the production in Germany is a bit of a headscratcher,
11:02
but still a good news story. Audi planned two RS6 variants.
11:06
They were going to do a plug-in hybrid in a fully electric RS6 e-tron.
11:10
Now a new report says that the all-electric RS6 may be cancelled.
11:14
This doesn't come from Audi, though. Prototypes have been seen on public roads
11:17
and photographs on occasions now in the past few days.
11:20
That could mean the electric project continues or these prototype cars are
11:25
being used to test other systems. An internal combustion RS6 that would
11:29
be plug-in hybrid would probably still go ahead.
11:31
Both models will carry RS6 badging and seris share a similar wagon silhouette,
11:37
but use different architectures. The combustion version would ride on a
11:41
conventional platform. The EV and plug-ins should be on PPE,
11:46
if you're talking about the high-performance Audi's and Porsches
11:49
within the group. So A6, S6, Q6 e-tron, Porsche Mechane Electric, etc.
11:55
Early expectations had the RS6 e-tron arriving first
11:59
with the plug-in hybrid following in 2026, but now let's wait and see.
12:04
Now, when it comes to Chinese manufacturing abroad, everyone's looking for
12:08
backdoors at the minute. However, that's because they want to sidestep subsidies,
12:13
build the cars in Europe, or even chip them in knockdown kits and
12:16
reassemble them in Europe to get round tariffs and subsidies.
12:19
Not sure this is the motivation behind this one, but Hong Kong
12:23
is talking with Chinese EV makers, including the state-owned FAW,
12:27
about setting up local manufacturing and building EV assembly there.
12:30
Officials are looking at possible sites in the new territories that border mainland China.
12:35
The city's innovation technology and industry bureau
12:39
said Hong Kong has been proactively talking about building EVs there.
12:43
Officials must deal with higher land and higher labor costs in Hong Kong.
12:47
At the same time, China's EV sector also has overcapacity,
12:51
with factories producing perhaps sometimes only half of their planned output,
12:55
and a severe price war is brutally affecting profits.
12:59
Firms across Chinese EV supply chains, battery makers, part suppliers
13:02
have been moving to Hong Kong to use their financial systems for international expansion.
13:08
Contemporary Amperex Technology, CATL, the world's biggest EV battery maker,
13:12
opened their headquarters in the city and completed its debut on the local stock exchange
13:17
in May. It's one of the biggest, if not the world's biggest, listing
13:21
so far this year. Lucid will expand in Asia, but it won't go to China.
13:27
Mark Winterhoff, Lucid's interim chief exec, said the company will expand into Asian markets,
13:32
but not China. He made the remarks at the Morgan Stanley Laguna Conference
13:36
and described the Chinese market as highly subsidized and oversupplied.
13:40
Speaking at the IAA show earlier in the week, he said,
13:44
What I take away from IAA, obviously the big elephant, the big topic is the Chinese onslaughts.
13:49
He noted Western brands like BMW and Mercedes presenting new fully electric models,
13:54
saying that from a technology point of view, Western car makers show things that are definitely
13:59
competitive. I don't think they have to be afraid or we have to be afraid of the Chinese.
14:04
He noted Chinese manufacturers have improved but are not industry leaders in innovation.
14:10
Blimey. Okay. Yes. Well, who is to disagree with the interim CEO of Lucid?
14:16
But I think some Chinese car makers would argue when he says that they are not industry leaders
14:22
in innovation. He said Lucid will not target low cost EV segments. That makes perfect sense,
14:28
doesn't it? He said we're not going to go down to $25,000 or $30,000 price range. The
14:32
company's next mid-sized platform will be around $50,000. On China, Mr. Winterhoff
14:38
said we are not playing in China and I have no intention to go to China.
14:42
I think not personally. I think just with his business.
14:45
Now, the Electric Vehicle Council in Australia on Monday this week published some financial modeling
14:53
prepared by Magenta Advisory on the, what is there, the fringe benefits tax exemption
14:59
which exists for EVs. This exemption introduced in July 2022 reduces the cost of EVs bought
15:04
through Novated Leases. The modeling found that extending the exemption through to 2035 would
15:10
put 1.5 million electric vehicles on Australian roads or 1.5 million more. The policy had supported
15:17
the purchase of 105,000 additional EVs over the last two years. If plug-in hybrid vehicles were
15:22
allowed into the scheme, the modeling puts another 200,000 plug-ins on the road by 2035.
15:28
That scheme is set for review pretty soon, I think, and they're arguing for it to stay.
15:32
Let's talk vehicle to grid. ChargeScape, the automotive joint venture focused on EV grid
15:39
integration and Nissan both announced a vehicle to grid pilot within the service area of Silicon
15:45
Valley Power. Silicon Valley has obviously a large concentration of things like data centers. The rise
15:51
of AI has driven a surge in electricity demand that the grid wasn't designed to handle. At
15:57
Nissan's tech center in Silicon Valley, they'll be using a pilot to use energy stored in Nissan's
16:02
EV batteries managed by Firmata Energy and their bi-directional charges to export power
16:08
during periods of grid stress. ChargeScape will work with the market partner, Leap, to discharge
16:12
power from Nissan's vehicles. The pilot is part of their virtual power plant trial supporting
16:18
ChargeScape's mission to accelerate vehicle to grid integration and establish it as a model
16:23
for other V2G programs across California and eventually more US states. But this is not
16:28
a large-scale thing, sadly. We'll take a break when we come back. We'll talk Ford and
16:32
Toyota and the used EV tax credit and what that's doing. Stick around back in a mower.
16:37
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Thank you for watching this video. If you're the purchasing manager at a manufacturing plant, you know
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having a trusted partner makes all the difference. That's why hands down, you count on Granger for
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All right, welcome back. Just a reminder, our spin-off series bonus shows are always
19:42
Patreon exclusive for the first seven days. Tonight, we're going to have a look at
19:45
why EV still use 12-volt batteries on our sub-series, The Tech Sheet. Now,
19:50
let's talk about Ford touting its move to LFP batteries. Lithium-ion phosphate LFP cells
19:56
typically cost less, can be charged to 100% without accelerated degradation, and have a
20:02
lower fire risk. But until now, lower energy density compared to other chemistries, however,
20:07
they were improving very fast. Now, Ford, Vice President Lisa Drake at the Jeffries
20:12
Inter-Industrials Conference, saying LFP will be our bedrock. It's a tried-and-true technology
20:18
here to stay, and incremental improvements will always be made on it. That's Ford's take, or at
20:23
least her take, Ford's VP on LFP. Ford will use the technology licensed from the China-based CATL
20:30
to make LFP cells at Blue Oval Battery Park in Michigan next year. These battery packs will be
20:34
used across several upcoming models, like a mid-size pickup. Ford already fits LFP's into
20:38
the Ford Mustang Mach-E, standard range Mach-E. Drake said Ford is remaining flexible about
20:44
battery chemistries. As conditions evolve, she also indicated the company is considering
20:48
additional battery plants that could supply cells for vehicles and for other applications. Here's
20:53
looking at you, energy storage. Okay, let's talk Toyota in the UK. Now, they make so little money
21:00
here. It's basically a rounding error. Market share has been dropping in the UK with no
21:04
compelling EVs to sell in a market that is going EV pretty quickly here in Europe.
21:09
Toyota Motor UK, the legal entity here, has to file its tax returns, and now they make a
21:14
pre-tax profit. I mean, it's not loss making, and many businesses do purposefully post a loss
21:19
for various reasons. But Toyota in the UK last year made a total of £462,000 in the 12 months
21:29
to 31st of March 2025. Revenue fell by £135 million. Now look, to make 400 grand profit for
21:39
Toyota is a drop in the ocean. That's probably, I don't know, the fuel on the CEO's private jet
21:46
for a few months. Revenue from new cars dropped while income from used cars was up slightly.
21:53
The group's UK market share used to be 6.5%. Then it went to 5.8% last year. In the first few
22:00
months of this year, it's now 5.4%. And experts agree that that will be going down as to have
22:06
nothing compelling to sell in the world of zero emission vehicles in a country where we have
22:12
into our second year now of the zero emission vehicle mandate. The overall UK automotive market
22:18
has been growing. It grew 2.7% last year to 2.3 million vehicles. We flip flop between Germany's
22:25
being the biggest EV market in all of Europe and yet Toyota and Lexus don't have anything really good
22:31
to sell here. There's some stuff, but they're yet to bring anything compelling and have a serious
22:38
market offering. And so Toyota here in the UK, I will be losing sleep for them. I'll probably
22:44
shed some tears this evening. Feel so sorry for them that the company that has spent untold amounts
22:49
of money campaigning against electric vehicles running commercials fighting against EV, the company
22:55
that famously says we choose not to plug in. All right, well, you choose a rapidly declining
23:01
market share here in the UK. We wish them all the best. Now let's talk the federal used
23:07
clean vehicle tax credit launched in January 2023 will expire in just two weeks time and
23:12
could save eligible buyers in the next couple of weeks. $4,000 on a qualifying EV or plug-in hybrid
23:18
got a cost less than $25,000. It will equal 30% of the sale price up to a maximum of four grand if
23:26
you're eligible. Combined with the tax credit and modest prices, it makes the jump to an EV,
23:31
an absolute no brainer. According to the director of economic and market intelligence
23:35
at CarGurus, Kevin Roberts, he says the used EV market has some of the best bargains out there.
23:41
So they had a look at some of them. Certain models stand out. The average listing price of a three-year-old
23:45
Tesla Model 3, three years is nothing for a great reliable vehicle like a Model 3,
23:51
that is still going to feel new to you, even if it's not new. It was back in January 2022,
23:57
the average listing price was $48,712. Fast forward three years, the average listing
24:05
price of a three-year-old Model 3 now is $24,000. Hey, find one just below and then you get on the
24:13
foreground off. That's an incredible value. Chevy Bolt is probably one of the best bits of value
24:20
out there. It's a young vehicle, get a 2021 vehicle, for instance, for way less than $16,000.
24:28
The Bolt EV stopped production in 2023, right at the end. And then there was a bunch of
24:33
stock with dealers in 2024. So you can get a nearly new vehicle and you get it at the right price.
24:38
You get money off and it's such a good deal. So you've got two weeks to do that. Go and look
24:41
if you're going to go EV in the used market. Get that deal done. Now insurers have told car
24:47
makers they must add critical changes to their vehicles sold in Great Britain,
24:51
and they've been talking specifically to the Chinese, mainly tougher locking devices to
24:56
make them harder to steal. Changes must include mechanical steps such as lockable
25:01
wheel nuts and an extra layer of steel around the car door locks. Software that detects and
25:09
protects against unauthorized entry. With an average of 11 reported vehicle thefts an hour
25:15
in the UK, car crime is comparatively rare under Beijing's strict authoritarian regime.
25:23
It's certainly not as much as in the United Kingdom. Industry sources said,
25:26
for the Chinese car makers, it's been a swift learning curve, selling cars in a country that,
25:31
well, they do get nicked. Sales of Chinese-made cars in Britain have risen sharply and now account
25:36
for about one in 12 of all new cars sold here, MMG, BYD, etc. A spokesperson for BYD,
25:44
which in two years of sales has grown, recently overtaking Tesla but careful with monthly data,
25:50
said it had been working with Fatchum to learn about UK theft prevention and has been
25:56
devoting significant efforts to enhance vehicle anti-theft performance and insurability.
26:02
We have added a wide range of technologies and hardware to meet local expectations,
26:06
they say that includes anti-theft locking systems and according to the Office of National
26:11
Statistics reported total vehicle theft in England and Wales, at least, rose to 102,000
26:20
a year. That was in the year-ending march of this year.
26:24
So, a Chinese car that's not too secure, maybe stick it in the garage, keep the keys away from
26:29
the door, that kind of thing. And that's your podcast for today, thanks to our premium
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partners, Porsche of the Village in Cincinnati, Audi of Cincinnati East and Volvo cars of
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Cincinnati East, National Car Charging on the US mainland and the Loha Charge in Hawaii,
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and Octopus Electroverse Global Public Charging made simple with one app and one map.
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Have a good cinema and remember, there's no such thing as a self-charging hybrid.
26:56
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If you're an HVAC technician and a call comes in, Granger knows that you need a partner that
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