00:00
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00:02
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00:16
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00:21
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On average, rocket money members can save up to $740 a year when using all the app's premium features.
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Users love the app with over 186,000 five-star ratings.
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Make saving money the resolution you actually keep.
00:50
Start the 60-second savings challenge at rocketmoney.com slash cancel.
00:54
That's rocketmoney.com slash cancel.
00:56
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That's why hands down, you count on Granger for auto-reordering.
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02:14
Users love the app with over $186,500 star ratings.
02:18
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02:22
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02:25
That's rocketmoney.com slash cancel.
02:27
Rocketmoney.com slash cancel.
02:30
Capital One's tech team isn't just talking about multi-agentic AI.
02:35
They are already deployed one.
02:36
It's called Chat Concierge and it's simplifying car shopping,
02:40
using self-reflection and layered reasoning with live API checks.
02:44
It doesn't just help buyers find a car they love.
02:47
It helps schedule a test drive, get pre-approved for financing,
02:51
and estimate trading value, advanced, intuitive, and deployed.
02:55
That's how they stack.
02:56
That's technology at Capital One.
03:00
Welcome back to EV News Daily.
03:01
Coming up today, Leap Motors B10's global rollout.
03:06
Tesla's Model S might come back to Europe
03:08
and the Mercedes-Benz AMG GT XX breaks just a ton of records.
03:14
Later in the show, I'll tell you what speed
03:16
the Yang Wang U9 achieved to make the claim
03:20
of the fastest electric vehicle ever.
03:24
Remets is on notice.
03:25
Well, good morning, good afternoon, good evening.
03:27
Wherever you are in the world,
03:28
welcome to EV News Daily,
03:29
your trusted source of EV information.
03:31
It is Wednesday, August 27th.
03:33
I'm Martin Lee and I go through every EV story
03:36
so you don't have to want to be part of the gang.
03:39
I would absolutely love you to be.
03:42
Now you can check out the Patreon page
03:44
at PATREON.com slash EV News Daily.
03:48
Patreon supporters, get the shows ad-free.
03:51
You fund this program
03:53
and you get to be part of the EV News Daily community.
03:57
Now, we'll start with some news of a global rollout
03:59
initially targeting Europe of the new Leap Motor B10.
04:03
Leap Motor is launching the B10 in Europe
04:06
on the Leap 3.5 platform.
04:07
The B10 will debut at the IAA Mobility Show in Munich.
04:12
That'll be on September the 8th.
04:14
European deliveries will begin around the same time.
04:18
Now Leap Motor used a, what they say,
04:20
global standards plus local optimization strategy.
04:24
Okay, what is a global standards
04:26
plus local optimization strategy?
04:29
So the B10 meets the rules for 53 countries and regions
04:35
while features and performance
04:36
are then adjusted for each market.
04:38
Leap Motor and Stellantis engineers
04:40
have been working together to improve the B10 chassis
04:43
with advanced driving simulators
04:44
to match the handling and dynamics preferred
04:46
by local buyers in Europe.
04:48
This SUV will enter more than 20 new markets this year,
04:51
including the Middle East, Africa, Asia Pacific
04:55
Europe is Leap Motor's main focus though
04:57
where the B10 will be priced at 29.9,
05:00
so a smidge under 30,000 euros.
05:04
Okay, let's move on and talk about the Tesla Model S,
05:08
the original Tesla here in Europe and,
05:12
well, is it coming back?
05:14
Recent documents, regulatory documents show Tesla
05:18
has updated the Model S in Europe.
05:22
It's the 2026 model year,
05:24
if you wanna apply model years to Tesla.
05:27
This follows last month's removal.
05:28
So last month, both the Model S and the Model X
05:31
were removed from the European websites
05:34
that had raised questions about their future.
05:36
Even in the United Kingdom,
05:37
we could only get it in left-hand drive version.
05:40
Anyway, now the filings dated July 18th,
05:44
note the updated suspension parts,
05:45
the front facia camera, changes to the statutory plates
05:49
and VIN details, the new top speed.
05:51
So this is the refreshed Model S, long range,
05:55
WLTP 462 miles or 744 kilometers
06:01
on the European mainland, that's on the 19 inch wheels.
06:04
Model S Plaid is quite a chunk down,
06:07
actually 380 miles or 611 kilometers,
06:10
but it does run on 21s.
06:11
The new version is actually a little bit lighter.
06:15
It's a smidge lighter, three kilograms, 6.6 pounds lighter.
06:20
And one Plaid variant is no longer listed
06:23
showing that Tesla might be streamlining the lineup.
06:26
No changes were found for the Model X though.
06:28
Tesla released the refreshed Model S and X
06:30
in the United States.
06:31
In June, earlier this month,
06:33
Tesla raised the US prices by $10,000
06:35
for all S's and X's.
06:37
New US orders now come with the Luxe package
06:40
that includes full self-driving
06:42
and unlimited supercharging all bundled in.
06:47
Now, let's talk about a record breaking
06:49
Mercedes-AMG GT Double X.
06:53
It's a concept vehicle
06:55
and it just set many new world records for EV distance
06:58
including the 24 hour driving record.
07:03
In 24 hours, the Mercedes-Benz AMG GT Double X
07:07
covered 3,405 miles in a 24 hour period.
07:13
That's five and a half thousand kilometers in 24 hours.
07:16
And it doesn't just beat
07:18
the previous 24 hour distance record.
07:20
It smashes the 24 hour distance record
07:23
by an EV by about 1,000 miles.
07:26
The car ran at a steady 186 miles an hour
07:32
and it can recharge at 850 kilowatt DC fast charging.
07:38
In total, the driving was done by 17 drivers
07:43
taking turns every two hours over almost eight days.
07:48
They did a distance equal to the Earth's circumference
07:52
by 25,000 miles and just crazy amount of driving.
07:58
Two of the cars, the GT Double X cars
08:00
completed the main challenge.
08:02
They finished two laps apart.
08:03
The team drove on until the cars reached 25,000 miles
08:06
or 40,000 kilometers setting a new best time
08:10
to drive around the world as it were
08:12
of seven days, 14 hours, nine minutes and 52 seconds.
08:16
In total, the team doing this
08:19
used their new concept Mercedes-Benz
08:21
to break 25 records in total
08:24
including the longest distance driven in 12 hours,
08:27
24 hours, 48, 72, 96, 120, 144 and 168 hours.
08:34
They use batteries with over 3,000
08:38
of a new cylindrical type NCMA,
08:40
Nickel Cobalt Manganese Aluminium Cells,
08:43
very high energy density, about 300 watt hours per kilogram.
08:46
Each cell is cooled by a non-conductive oil system.
08:49
Mercedes-AMG says the car can add about 248 miles
08:53
of range in five minutes of charging
08:56
and Mercedes-Benz I think are completely
08:59
on a roll at the moment.
09:01
I think actually some of the technology coming out
09:04
of Mercedes-Benz out of BMW with Neue Classe,
09:07
no doubt Volkswagen have loads coming down the line
09:10
as well with new platforms,
09:11
that new software with Rivian as well.
09:14
There was probably a time, there still is a time
09:16
by the way, when the Chinese speed technology,
09:21
just sheer amount of brain power
09:24
of manpower and woman power
09:26
that they were able to put behind developing vehicles
09:28
and how they could do it.
09:29
I think the Chinese cars got tons of headlines
09:31
and we'll get to one at the end of this podcast today
09:34
with the Yang Wang.
09:35
I think we're seeing a bit of a reply
09:39
by the European car makers at the very bleeding edge,
09:42
the very cutting edge of things like technology
09:44
and records and stuff like that.
09:46
And Tesla had that for a long time.
09:48
I think the Chinese dominated that kind of headline cycle
09:51
apart from maybe kind of rimats.
09:53
But that is kind of moved,
09:55
the swing is back towards Europe a little more.
09:58
And so really interesting to see
10:00
how far EV technology is being pushed.
10:04
All right, let's move on.
10:05
Let's talk about a great bit of news from our US listeners.
10:09
The IRS has extended the deadline
10:12
for claiming the federal tax credit for new vehicles,
10:15
$4,000 for used EVs.
10:17
It was, if you've been listening recently,
10:19
I've been reminding everybody,
10:21
if you're buying an EV in the US,
10:23
if you are financing, you're getting electric vehicle,
10:26
you must do it by September 30th,
10:29
the car must be in your driveway, so to speak.
10:32
In other words, by the close of business on the 30th,
10:35
paperwork done, it's gotta be a done deal.
10:38
Now, as of today, the IRS just made some updates
10:43
and changes, which I think you'll wanna know about.
10:45
So the IRS says you can still quantify
10:48
if you sign a written binding contract
10:52
and pay a deposit on or before September 30th,
10:58
even if you don't receive the car.
11:00
Now, if you're definitely gonna buy an EV,
11:02
I probably wouldn't leave it until the final day,
11:04
final hour kind of thing,
11:05
because you're leaving yourself open for,
11:07
you know, just mistakes and things in the system,
11:10
So to qualify, you need a binding contract,
11:13
not a reservation, not a refundable $100.
11:17
I might like that car kind of thing.
11:19
It has to be a binding contract.
11:21
You must make the payment by the deadline.
11:23
There is no longer any set time
11:26
for claiming the tax credit after September 30th.
11:30
So what does this mean?
11:31
I've seen loads of coverage today from all around.
11:35
I think this is probably best news for Tesla,
11:38
I would say, because they had already said
11:40
that on some of their specifications,
11:42
of some of their models,
11:43
they were unable to guarantee September 30th delivery.
11:47
I think perhaps it's less good news
11:50
for some of the car makers who had dealer stock
11:53
they were trying to clear,
11:55
because just the different ways of them selling cars,
11:57
those that have a dealer model,
11:59
those cars have been sitting on dealer lots.
12:01
That urgency around the tax deadline
12:04
was forcing people to go and get those cars
12:06
and clear out dealer stock,
12:08
ready for the new model year.
12:09
It was a good thing, a positive thing.
12:11
It's not positive that it's going,
12:12
don't get me wrong, but it was a good thing.
12:14
Whereas Tesla were saying,
12:16
well, you kind of missed the boat on some of our models.
12:18
Now, right up until the deadline,
12:24
I think perhaps Tesla probably benefits more than others,
12:26
they could say, right, well,
12:28
the wait list might be six months
12:30
for this most popular trim of the Model Y,
12:32
but as long as you put down your non-refundable deposit,
12:35
you have a binding contract that you will buy the car,
12:38
there's now no pressure
12:40
to have that car delivered by September 30th.
12:42
So I think really great news there.
12:45
I wish the tax credit was sticking around,
12:47
but a nice bit of good news for my US listeners.
12:50
Now, let's talk about MG, a car that I've owned,
12:53
a car that my mom owned.
12:54
She has the estate.
12:56
I had the MG ZS EV, the mighty, mighty MG ZS.
13:00
It was the original one as well before the facelift.
13:03
We really enjoyed that car.
13:05
MG, which is apparently owned by SAIC parent company,
13:10
say they will launch 13 new vehicles worldwide
13:15
and their new EVs as well in the next two years,
13:17
13 worldwide models in two years.
13:21
The company's investing $1.4 billion in new models,
13:24
which will include battery electric vehicles
13:26
and plug-in hybrids and E-revs.
13:28
And although the definition around E-rev is somewhat woolly
13:31
because there's various powertrains kicking around,
13:35
largely I think the industry has settled
13:38
on the E-rev definition being a vehicle
13:41
which has typically a larger battery
13:45
than a plug-in hybrid,
13:47
but also only has electric power to the wheels.
13:53
And so it has an engine, you can put fuel in it,
13:57
you can charge the battery,
13:57
it has a plug circuit on the side.
13:59
Typically, it's electric motors that drive the wheels.
14:02
The engine is just a generator to make electricity.
14:05
Now there are some like the BYD Shark,
14:11
the Shark 6 in Australia,
14:13
that's the pickup truck for ute that can,
14:16
at highway speeds, hasn't got a gearbox,
14:19
typical multi-speed gears,
14:20
but it can drive the wheels through the engine
14:23
above something like 50 or 60 kph.
14:25
And so is it a plug-in hybrid?
14:29
But I think largely that's how we define E-rev these days
14:31
and plug-in hybrid, you know what one of those is.
14:33
Now from January to July this year,
14:35
MG delivered 57,000 vehicles in China.
14:38
Low demand in China is linked to MG's limited lineup.
14:42
The 13 new models will address this.
14:44
MG officials say they will promote
14:46
advanced vehicle connectivity through a partnership with OPPO
14:49
and will use new semi-solid state batteries in the MG4.
14:52
The first one to get it,
14:54
MG started pre-sales in China on August 5th
14:57
with the official launch set for August 29th
15:01
A version of the MG4 with a semi-solid state battery
15:04
will be released before the end of the year.
15:06
Standard MG4 starts at around $10,000 US dollars equivalent
15:11
Now, lots more to discuss on the podcast today.
15:15
We've got some more China news to bring you very soon.
15:19
Also, Hyundai, Kia and the Koreans fighting back,
15:24
Italy finding one of their electricity providers
15:28
and the new Toyota CHR EV has been spotted
15:32
Let's stick around back in a moment.
15:34
Five years ago, I was paying $65 a month for my subscriptions.
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Today, those same subscriptions cost $111
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Granger for the ones who get it done.
17:05
Five years ago, I was paying $65 a month for my subscriptions.
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Today, those same subscriptions cost $111
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and I don't even use half of them anymore.
17:14
That's why now I use RocketMoney
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to manage my subscriptions for me.
17:18
The app gives you a list of all of your subscriptions
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and reminds you of upcoming payments
17:22
so you're not hit with any surprise charges.
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On top of that, it also sends you alerts
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when subscription prices go up
17:28
so you always know the price you're paying.
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If you decide you no longer want a subscription,
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you can cancel it right from the app.
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No customer service needed.
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And the best part is RocketMoney even reaches out
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for some of the money you lost.
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On average, people that cancel their subscriptions
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If you're the purchasing manager at a manufacturing plant,
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18:36
All right, welcome back to the podcast.
18:37
Okay, let's carry on with the news
18:38
and we'll talk about how the Chinese EV market
18:42
for plug-in hybrids slowing down a little bit actually.
18:46
In July, China's EV market grew,
18:48
selling nearly 1 million plug-in vehicles
18:51
out of 1.8 million, a 6% increase over last year.
18:54
Battery electric vehicles were up 26%
18:56
making over a third of all sales.
18:58
Plug-in hybrids though fell 10% from last year.
19:02
Together, plug-ins were well over 50%
19:04
once again in July in China.
19:06
They have gone past that tipping point.
19:09
The 10% drop in plug-in hybrids
19:11
is the first year-over-year decline
19:13
for plug-in hybrids in China.
19:14
They're very much leaning towards full bevs.
19:17
And there's a bit of excitement
19:19
about around E-revs as well,
19:21
which we have talked about plenty already on today's
19:23
podcast, Geely's new Galaxy M9.
19:29
That's a proper big family-sized SUV.
19:33
That got over 40,000 pre-sale orders
19:36
in its first 24 hours this week
19:38
when it went on sale three days ago.
19:41
Six versions which start at $27,000 US dollars equivalent
19:44
but got to $36,000 US dollars equivalent.
19:47
It's the largest model in the Galaxy lineup.
19:49
It's a six-seat layout.
19:51
It does come with a range extender as well.
19:54
They've got all sorts of funky features
19:56
like a roof-mounted LiDAR.
19:59
It's about the same size as a Mercedes-Benz GLS
20:02
if you need a reference points,
20:05
a comparison point of something
20:06
that you may have seen on the road.
20:07
So yeah, a GLS, a big vehicle in my eyes at least.
20:10
Three rows, two plus, two plus, two.
20:13
All six seats being Chinese.
20:14
It's just like full of luxury and stuff.
20:16
So individually power adjustable,
20:18
all individually heated.
20:20
The first two rows have ventilation and massage as well.
20:24
For the e-rev version, you get the engine
20:28
plus three electric motors, 870 horsepower,
20:32
all-wheel drive, 4.5 seconds.
20:35
These things are like really fast, really well-spec'd
20:39
and you can get a battery pack that's 41.5 kilowatt hours
20:42
twice the size of the battery in my first EV
20:45
which is incredible, 130 miles of range.
20:48
And look, these vehicles start at 27 grand in China.
20:51
It's just crazy when they choose to sell these vehicles
20:55
And this one's a big, big family SUV.
20:59
It's just, I'm not surprised people go for the value there.
21:03
Okay, let's talk a little bit now
21:05
about Hyundai, Kia and the South Koreans.
21:07
So the battery makers, LG, Samsung and SK
21:12
plus the car makers, Hyundai, Kia
21:13
have all agreed to partner up
21:15
to work on things like EV battery safety,
21:17
develop new technologies and share patents.
21:20
Over the past year, these five companies have collabed
21:22
on things like battery safety task forces.
21:25
That's been established at Hyundai and Kia's headquarters.
21:28
They recently disclosed the first results of this initiative
21:31
and formalized their ongoing partnership
21:33
all about fighting back against the Chinese power really
21:36
in terms of the battery industry
21:38
and doing a kind of a fight back from South Korea.
21:43
Voltfang is launching Europe's largest
21:48
used battery storage site.
21:50
Voltfang has opened what it calls Europe's largest factory
21:53
for reusing batteries in Arkham.
21:57
Production started in April
21:58
in the former building of the old EV maker at Next Ego.
22:04
Anyway, I hadn't heard of them, but they went bankrupt.
22:07
The fast growing company plans to produce
22:08
250 megawatt hours of storage a year
22:10
by the end of next year.
22:12
The factory reuses batteries from EVs
22:14
and extra batteries from the car industry in Europe.
22:17
There's two ways of doing it, I guess.
22:18
You do it the way of, well, let's recycle
22:20
all of the component parts of the batteries,
22:23
which is the way some are doing it and recycling.
22:25
Others like Voltfang are just taking the batteries
22:27
and reusing them in their form,
22:30
which some say is a better way to recycle old batteries
22:34
or repurpose old batteries as well.
22:37
These energy storage systems store renewable power,
22:40
balance out demand peaks
22:41
and provide backup in emergencies.
22:43
Voltfang says this will boost energy security
22:45
and reduce dependence on foreign supply chains as well.
22:49
All right, Italy is next in the news
22:51
and Italy's antitrust authority, the AGCM,
22:55
just fined their energy company, NLX,
22:58
and its subsidiary, NLX Way, Italia,
23:01
2.3 million euros for abusing their dominant position
23:05
in the EV charging market.
23:06
The investigation, which was started two years ago,
23:09
found that NL, Italy's largest energy supplier,
23:13
used their power, margin-squeezing practices
23:17
is what it was described as
23:18
to keep competitors out of the market.
23:20
They said that NL's actions between 2022 and 2023
23:24
reduced competition and slowed
23:26
the mobility service development, NLX and NLX Way, Italia,
23:30
said that they accept the regulator's decision
23:32
but disagree with the findings
23:34
and they will be appealing.
23:35
They argued that the authorities
23:37
didn't fully consider how the new market is
23:40
or unexpected jumps in electricity prices during that time.
23:44
NLX and NLX Way, Italia also said
23:47
they still believe their actions were legal
23:49
and they said they will defend themselves.
23:51
Okay, moving on, the 2026 Toyota CHR,
23:54
the all-electric compact SUV has been spotted in Texas,
23:59
Austin, actually, Austin, Texas,
24:01
being filmed for a commercial
24:02
in preparation for their US launch.
24:04
It made its global debut recently
24:05
alongside other Toyota EVs for Europe.
24:07
The US version looks similar to the EU model.
24:10
The new CHR used those Toyota's latest design features
24:13
and that kind of famous Toyota front-end
24:16
seen on the new Corolla.
24:17
It's smaller than the BZ, formerly BZ4X,
24:21
although in Europe they still called it the BZ4X.
24:24
Smaller than that, similar to a Kia Nero EV.
24:28
Toyota will offer the CHR with four powertrain options,
24:31
all-electric hybrid, plug-in hybrid, and fuel cell.
24:35
That's Toyota, still flogging that dead horse.
24:39
The all-electric version will have a 74.7 kilowatt hour
24:42
battery and a range of 290 miles estimated.
24:47
All-wheel drive from electric motors
24:49
on both front and rear, axles.
24:51
Of course, it'll come with J3400,
24:53
native Nax on the side
24:55
so you can charge at Tesla Supercharger stations.
24:58
All right, two more stories.
24:59
China is launching a 100 megawatt heavy-duty
25:02
truck charging hub.
25:04
China's first scale of 100 megawatt charging.
25:09
Now in operation in the Sichuan province,
25:14
the station uses Huawei's technology.
25:16
So Huawei's megawatt supercharging technology.
25:20
It's a demo for charging medium
25:21
and short-range electric heavy trucks.
25:24
Its main uses are trucks transporting sand
25:27
gravel from local mines,
25:29
built by the Sichuan Digital Energy Company.
25:34
They spend 20 million US dollars equivalent on this,
25:36
a power capacity of 100 megawatts,
25:38
so 18 supercharging bays for trucks.
25:41
So 18 bays at 1.44 megawatts each.
25:47
It's not bad, is it?
25:48
And another 108 bays,
25:51
which just offer a mere 600 kilowatts.
25:54
600 kilowatts who could possibly charge so slowly.
25:59
The station can charge up to 700 heavy-duty trucks per day.
26:03
The site also has a solar array
26:05
with a one megawatt capacity.
26:07
With Huawei's technology,
26:09
the station supports 3.5C supercharging
26:12
heavy-duty trucks, which is brilliant.
26:15
And finally, staying in China
26:16
and some of the technology,
26:17
BYD's hypercar, the Yang Wang U9,
26:22
just went on a high-speed run
26:23
and they claim they say 293.59,
26:31
don't forget the point, miles per hour.
26:34
That is 472.41 kilometers per hour.
26:38
BYD says they've made the world's fastest electric vehicle.
26:45
than its own previous Chinese record set last November.
26:48
The Yang Wang U9 is now the fastest EV in China
26:50
and among the quickest hypercars in the world
26:53
for comparison, there's a Koenigsegg
26:56
that will do 330 miles an hour.
27:00
I think the Bugatti Chiron Supersport,
27:03
that'll do 304 miles an hour.
27:07
But that is up there at rarefied territory.
27:10
When you get to 300 miles an hour
27:12
and engineering-wise you might be able to do it,
27:14
but engineering where the rubber meets the road
27:17
and to ensure the tires don't fall apart.
27:19
You start to get to the limits of tire technology then.
27:22
There's also a big price gap though.
27:24
Those hypercars I just mentioned would be, you know,
27:27
one point, I mean, pick a price,
27:30
one and a half million dollars
27:32
and upwards three, four million for hypercars.
27:36
The Yang Wang U9 is 230,000 US dollars equivalent.
27:41
So okay, you and I might not be able to go out
27:43
and get one tomorrow,
27:45
but it's not a Bugatti Chiron Supersport, is it?
27:49
The first Yang Wang U9 was delivered
27:51
in August last year.
27:52
They've done about 150 of them so far.
27:55
That's really impressive.
27:56
And that's your podcast for today.
27:57
Thanks as always to our premium partners,
27:59
Porsche of the Village in Cincinnati,
28:00
Audi of Cincinnati East and Volvo cars of Cincinnati East,
28:04
National Car Charging on the US mainland
28:06
and the Low Heart Charge in Hawaii
28:08
and Octopus Electroverse.
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Global Public Charging made simple
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with one app and one map.
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Have a good in the cinema
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