Posts tagged with "TESLA"

ID TechEx Research electric-battery vehicles image for use by 360 Magazine

1000 Mile Battery Vehicles

Many Routes to 1000 Mile Battery Vehicles, Reports IDTechEx 

It is easy to make 1000-mile battery-electric vehicles, and the effect on market uptake will be profound. For example, a typical city-dweller today might charge only once every two months and vacation where chargers are rare.

With solar bodywork having done some of the job, even feeble existing chargers will cause little delay in charging time. Indeed, solar bodywork is a “get-you-home” feature that is capable of suddenly making battery-electric vehicles acceptable in most of the world­– increasing their market potential and accelerating economies of scale in production, making battery-electric vehicles more affordable.  Meanwhile, today’s EV would be easier to sell to country dwellers if they had a folding solar panel “lifeboat” offered as an optional extra. See the IDTechEx report, “Solar Vehicles 2021-2041 2nd Edition”.

Learn from the sea. Many solar boats can already be bought with effectively infinite range because they have so much area available for solar. Some have the generating capacity to supply three houses on arrival. For heavier sea-going ships, adding wind turbines works because at sea, the wind is rarely head-on at a speed less than the craft’s. The large Manta ocean clean-up boat from Sea Cleaners is the latest example. Even energy-independent ships are possible by combining these technologies with others.

Land vehicles lag in energy-independent technologies because they have less surface area per passenger, but the newly viable single-crystal silicon on the sides (as demonstrated by Sono Motors at CES 2021) is a step in the right direction. Student solar racers get energy independence using 3­­–5 compound solar that is unaffordable for most applications as yet. They also get ultra-low drag factors by squeezing the riders. Nonetheless, these things benchmark what is coming to a car, robot shuttle, and truck near you.

For example, following solar golf cars, Aptera, a Californian solar car start-up, promises 1000 miles for those willing to mix it with Class 8 trucks while sitting in a three-wheeled egg. More mainstream, Tesla and Lucid already get past 500 miles range by utilizing low drag factor, light-weighting, more efficient power electronics, and other strategies such as aluminum monocoque, even before adopting solar. Indeed, Tesla Roadster doubles the battery to get 620 miles. Lightyear solar family cars approach 500 miles range with exceptionally extensive solar bodywork, but also offer more efficient in-wheel motors. More efficient motors have been important for Tesla’s exceptional range, and better motors are on the way. See the IDTechEx report, “Electric Motors for Electric Vehicles: Land, Water, Air 2020-2030”.

When feasible, Elon Musk wants solar that unfolds on arrival and will pump more than one kilowatt. Many vehicles are largely glass, but solar building windows are obviously coming to vehicles, starting with Hyundai promising a translucent solar roof.

In 2018, Tesla began to adopt wide-bandgap semiconductors (silicon carbide) in the Model 3’s main inverter, which are more efficient and save on the weight and space of the cooling equipment. Supercapacitors are barely used in on-road BEVs, but they can improve range in many ways now they appear with higher energy density and at a lower price. They grab more braking energy, and they facilitate deep discharge of the newer batteries that can tolerate such things.

The roadmap of other range-extending technologies is equally rich. Infrared harvesting surfaces under the vehicle may work in hot countries. On top and sides, adding perovskite to silicon will grab infrared and light over a much wider spectrum, increasing electricity by at least 10% (multilayer perovskites promises 100%). Autonomous taxis, shuttles, and buses dispensing with the weight and space of the driver can go further. In windy countries, wind turbines that erect when the vehicle stops can be viable. Indeed, the US Department of Defense funds trials of electricity generation by using tethered drones from vehicles, up where the wind is stronger and more consistent.

Raghu Das, CEO of IDTechEx, advises, “VW Group and many others work on structural batteries and supercapacitors to increase range – no more dumb bodywork. Meanwhile, Tesla and Lucid commercialize a first step in that direction. Equally challenging, but still a possibility is using higher voltage to increase range beyond the current focus on charging time. 800-1000V is pioneered by VW Group, Lucid, Rivian, GM, Hyundai, Kia, and other carmakers and their suppliers such as Hitachi, Borg Warner and others. In principle, it increases efficiency and lightens weight.”

“We are currently working on the start of production for several premium 800-volt projects,” says Bert Hellwig, who is responsible for electric drive system development at ZF. “We supply a Chinese OEM with the complete electric driveline, including power electronics, for several models. For a European sports car manufacturer, ZF provides power electronics for a high-voltage application. Further series start-ups are already on the horizon.”

There is much more. Thermal management and all materials and systems can perform better and get lighter, both of which increase range. See the IDTechEx reports, “Materials for Electric Vehicles: Electric Motors, Battery Cells & Packs, HV Cabling 2020-2030” and “Thermal Management for Electric Vehicles 2020-2030”. For example, a transparent heater film applied only where needed on vehicle interiors has been shown to save up to 30% of that electricity.

Meeting all these factors in the middle is intermittent catenary and intermittent road rails and coils–charging vehicles as they hurtle by– and an increasing number of cars able to charge other cars (Sono Motors’ Sion is again an example). Batteries charge fast initially, so the profusion of lamp post chargers topping up in London, for example, can be a good alternative to scarce and expensive fast chargers, particularly as vehicles double their range. Battery improvements promise large range increases. Volkswagen targets 40% more energy density by 2030.  In other words, vehicle designers can now choose which of the many routes to 1000-mile range they will pursue with plenty of choices.

For the whole picture, see the IDTechEx report, “Electric Vehicles: Land, Sea and Air 2021-2041”.

For the full portfolio of Electric Vehicle research available from IDTechEx, please visit this website.

Green Car by Mina Tocalini for 360 Magazine

China’s EV Industry Growth

1.3M Electric Vehicles Were Sold In China In 2020 – Projected For 51% Increase By 2021

China has become a relatively rich market for Electric vehicles (EVs) in recent times, and companies like Tesla have pounced on the opportunity. China posted a record number of EVs sold in the country in 2020, despite the global downturn of the automotive industry due to the COVID-19 pandemic. According to data presented by TradingPlatforms, 1.3M EVs were sold in China in 2020– a rise of 8% YoY, but is projected to grow by over 51% in 2021 to almost 2M.

EV Enters Mainstream– China One of Promising Markets, Despite Negative Effects of Pandemic

EVs have entered the automotive mainstream in recent times with Tesla setting the tone for affordable and stylish EVs. In 2019, the global EV market was valued at just over $162B and is expected to see tremendous growth in the next decade. The global EV market is projected to have a compound annual growth rate of 22.12% in the period from 2019-2026, and rise to a value of almost $803B in 2026.

China is a particularly strong market for EVs, where a record number of EVs were sold in 2020. However, recent policy changes around the EV industry in China, and the more recent Coronavirus pandemic, have slowed down the strong momentum EVs once generated. Despite this, the number of EVs sold in China still saw a modest increase of 8% YoY from 2019-2020 to a record 1.3M units sold.

Demand is also expected to rebound after 2020’s sharp downturn for the entire industry. EV sales are projected to increase by over 51% to almost 2M EVs sold. Automotive industry expert Chris Jones noted: “Prospects are very good for China’s EV market in 2021. There is already an excellent network of standardized public EV chargers in China, good government support and now a return to strong consumer demand.”

SAIC-GM-Wuling and Tesla Carried Chinese EV Industry Through Turbulent Time

Two brands and their vehicles carried the Chinese EV industry through a difficult period caused by the pandemic: SAIC-GM-Wuling and Tesla. The Tesla Model 3 was the most popular EV in China for a time until the Wuling Hong Guang Mini EV entered the market in the middle of 2020. As of July 2020, the Tesla Model 3 was the most registered new electric car in China with the Wuling Hong Guang Mini EV already following closely behind.

An estimated 11,000 Model 3’s had been registered by that period while 7,250 Wuling Hong Guang Mini EV had already been registered despite deliveries only starting in the same month. By the end of 2020, SAIC-GM-Wuling had become the most popular EV brand in China with an estimated 177,000 units in car sales compared to Tesla’s 137,460 units.

The two brands offer two very different EVs, yet found that their shared success that carried the Chinese EV market through a difficult time. Jones further notes: “If it had not been for the huge success of these two very different EVs, the Chinese EV market would have declined in 2020. Between them, the two models represented one in five of all EVs sold in China.”

You can read more about the story with more statistics and information at TradingPlatform’s website.

 

 

Tech illustration by Sara Davidson for 360 Magazine

Tech Industry Billionaires

70% of the Top 10 Billionaires Generated Their Wealth from the Tech Industry.

Data researched by Trading platforms UK indicates that 70% of the top ten richest people amassed their wealth from the technology industry as of March 1, 2021. The top ten wealthiest individuals control a fortune of $1.14 trillion in total, with tech players accounting for $855.9 billion.

Amazon founder Jeff Bezos is the wealthiest person globally with a fortune of $181 billion, followed by Tesla CEO Elon Musk at $174 billion. Microsoft founder Bill Gates ranks third with a fortune of $135 billion.

The report explains some of the underlying factors leading to the tech sector’s dominance of the top ten rich list. According to the research report:

“The dominance of the rich list by the technology industry figures also points to the sector’s resilience in times of crisis. Technology rose to prominence due to its ability to offer solutions to help people cope with the coronavirus crisis. For instance, during the health crisis, most billionaires in the sector like Amazon’s Jeff Bezos amassed more wealth as more people leveraged on e-Commerce platforms amid the lockdown and stay at home measures.”

The U.S. and China together host 49% of the top 500 billionaires globally.

Additionally, the findings reveal that the United States has the highest number of billionaires globally at 156, while China ranks second at 86. The two countries, therefore, account for 49% of the top 500 billionaires globally.

Germany is third with 28 billionaires followed by Russia at 24. Hong Kong and France follow, with each having 17 billionaires. The United Kingdom and India each have 16 billionaires. Canada is ninth with 15 billionaires while Sweden is tenth with 11 billionaires.

The analysis also shows that the tech industry has the highest number of billionaires globally at 84. Industrial ranks second with 56 billionaires followed by diversified at 50 while the consumer has 43 billionaires. Finance has 37 billionaires, while entertainment has the least billionaires at 10.

For further statistics and information, please visit this website.

360 MAGAZINE, car battery

IDTechEx Explores NiMH Batteries

When we talk about battery-electric vehicles, the lithium-ion battery is dominant; however, for full hybrid electric vehicles (those that have electric-only modes but do not plug-in), NiMH batteries are still the most common battery on the road. With the growing market for hybrid electric vehicles (HEVs), will this drive further demand for NiMH batteries and stop them from being eliminated from the automotive market?

The new report from IDTechEx on “Full Hybrid Electric Vehicle Markets 2021-2041” covers this topic along with the key players and geographical markets for HEVs. Battery and motor-generator technology is analyzed for HEV cars, buses, and trucks, giving forecasts for Li-ion and NiMH battery demand over the next 20 years.

Toyota is the ruling OEM in the global HEV car market, with over 60% market share in 2019. Other manufacturers have started to eat into this share over the years, but Toyota still reigns supreme. While the other OEMs have mostly transitioned towards Li-ion batteries for their HEVs, Toyota remains committed to NiMH batteries and HEVs for the foreseeable future, with the majority of their line-up now using either NiMH or Li-ion depending on the specifications. For the relatively small batteries that are used in HEVs, the NiMH is still sufficient to meet requirements. It is also much more technologically mature and is less costly than Li-ion.

In 2020, NiMH batteries were still the dominant form installed in HEVs, largely due to Toyota. As Li-ion costs continue to fall and HEV battery capacity increases, NiMH are unlikely to remain competitive but will still see an increase in short term demand. Source: IDTechEx report: “Full Hybrid Electric Vehicle Markets 2021-2041“.

Sales of HEVs have continued to grow throughout the COVID-19 pandemic despite the downturn of the overall car market. This, combined with Toyota’s dominance and NiMH portfolio, provides a good market for NiMH batteries, at least in the short term. Li-ion technology is still evolving and reducing in price; at a certain point, it may no longer be cost-effective to continue using NiMH. Additionally, fossil fuel bans are incoming, with countries like the UK banning purely internal combustion engine (ICE) vehicles by 2030 and only allowing hybrids “that can drive a significant distance with zero emissions”. HEV manufacturers will likely increase the battery capacity in order to give more electric-only range, making the Li-ion option more appealing. Even with this stay of execution for HEVs, banning vehicles with ICEs of any sort is likely to follow shortly after. This will eliminate the HEV in many markets and hence the demand for NiMH.

IDTechEx recently published the report “Full Hybrid Electric Vehicle Markets 2021-2041“. This report gives an in-depth look at the historic HEV market in China, Europe, Japan, South Korea, and the US, with an outlook over the next 20 years. An extensive model database of over 80 HEVs sold between 2015 and 2019 is used to determine the market’s battery and motor-generator technology in addition to geographical markets and manufacturer market shares. The total cost of ownership calculations is compared with ICE and 48V hybrids, as well as how HEVs can help manufacturers meet new European emissions targets. For more information on this report please visit www.IDTechEx.com/HEV.

This report forms part of the broader electric vehicle and energy storage research from IDTechEx, which tracks the adoption of electric vehicles, battery trends and demand across more than 100 different mobility sectors. This is summarized in a master report: www.IDTechEx.com/EV, or for a further in-depth analysis, please see the full portfolio of electric vehicle research available from IDTechEx: www.IDTechEx.com/research/EV.

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.

Polestar 2 illustration by Kaelen Felix for 360 MAGAZINE

2021 Polestar 2

Polestar Cars has just announced the formal pricing of the Swedish brand’s first pure electric car, the 2021 Polestar 2. The electric performance fastback has an MSRP of $59,900 in the United States.

The MSRP of the Polestar 2 is below state incentive thresholds in critical markets such as California and New York. Additionally, this price enables state rebates of approximately $2,000 in certain states*, for total tax incentives of up to $9,500 when combined with the federal electric vehicle tax credit.**

“We are quite enthusiastic to announce the U.S. pricing for the Polestar 2,” said Gregor Hembrough, Head of Polestar USA. “The MSRP is lower than we originally targeted, and will be extended to all of our current reservation holders.”

“With an online purchase option, lower pricing, considerable tax incentives, and production already underway, the Polestar 2 is well-positioned for a successful entry into the U.S. market,” continued Hembrough. 

Polestar also announced option pricing for the Polestar 2 depending on which add ons someone hopes to add to the car. The performance pack comes in at $5,000 and the Nappa Leather Interior is priced at $4,000. The stunning 20-inch Alloy Wheels and the Metallic Paint Colors both come in at $1,200.

This vehicle is priced in the same range as the 2021 Tesla models that have been released. The 2021 Tesla Model Y is starting at $49,990 and the 2021 Tesla Model S is priced beginning at $69,420. The current average price for an electric car is around $55,600, so the Polestar 2 falls right on par with this average. 

The Polestar 2 arrives with 408 hp and 487 lb.-ft. of torque, very powerful for an electric car. The vehicle also features all-wheel drive and a 78 kWh battery pack, which enables considerable EV range. The car has an MPGe of 96 in the city and 88 on the highway.

The Polestar 2 is also the first car in the world to feature a built-in infotainment system powered by Android, featuring voice command via the Google Assistant, Google Maps with EV charging support and app downloads via the Google Play Store. The car features innovative technology throughout. The interior of the hatchback is modern yet minimal creating an opulent feel for passengers.  

The Polestar 2, which began production in late March, has already begun delivery to U.S. reservation holders in summer 2020. With a digital retail model, the Polestar 2 is available to purchase on Polestar.com.

In order to replace car dealerships, the brand will soon open physical retail showrooms—Polestar Spaces—where non-commissioned Polestar Specialists will be able to assist customers with product information and test drives. Polestar Spaces are designed specifically to allow people to explore the cars without the pressure of committing to a purchase. The first of these locations have opened in California and New York as of late summer 2020, and the next additional locations are currently set to open in Denver and Austin. 

The Polestar 2 is available for sale in all 50 states and Polestar will announce lease and retail finance options for the vehicle in the near future.

In the pursuit of accelerating sustainable mobility, Polestar, the electric performance car brand, today released a multi-episode video series featuring Golden Globe winner Oscar Isaac. A champion for climate justice, Isaac delves deeper into Polestar innovations which aim to improve today’s society, and that of the future.

In partnership with The Wall Street Journal, “Making aNew” is a five-part mini docuseries which seeks the truths behind Polestar’s ethos and advancements in sustainability, electrification and performance. The video series is available to view today at www.polestar.com/us/making-anew.

“As the automotive world moves to electrification, important terms such as sustainability and clean energy are becoming generic slogans with diminished meaning,” said Oscar Isaac. “After learning about the company, I feel better about driving a Polestar because the brand is transparent about how its cars are produced, accountable for its impact on the planet and taking action to truly offset the footprint of its vehicles.”

Since the launch of the brand in 2017, Polestar has become synonymous with the development of new technologies, harnessing refined performance and incorporating unconventional materials in the development of its vehicles.

More recently, the brand began publishing detailed climate impact reports of its electric vehicles as they leave the production line, aiming to be the most transparent company in the automotive industry. As a proof point of this pledge, Polestar has published a full lifecycle analysis of the Polestar 2 Electric Fastback, and will release its first annual sustainability report in March of this year.

“We are determined to be the guiding star for our industry, accelerating the shift to more sustainable mobility. Innovation, clean energy, circular materials and transparency are areas of particular focus. A great example of this is the use of blockchain to improve the accountability of our cobalt supply chain,” said Fredrika Klarén, Head of Sustainability at Polestar. “Collaborating with visible activists like Oscar, who are as passionate about carbon-neutrality as we are, will help raise awareness and understanding, paving the path for a more sustainable future.”

About Polestar

 

Polestar is the independent Swedish premium electric performance car brand founded by Volvo Cars and Geely Holding. Established in 2017, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result. The company is headquartered in Gothenburg, Sweden, and retails its vehicles in ten global markets across Europe and North America, and in China.

Polestar produces two electric performance cars. Polestar 1 is a low-volume electric performance hybrid GT with a carbon fiber body, 609 hp, 738 ft.-lb. and an electric-only range of 60 miles – the longest of any hybrid car in the world. The Polestar 2 electric performance fastback is the company’s first fully electric, high volume car. Polestar 2 launched in 2020 with an all-wheel-drive electric powertrain that produces 408 hp and 487 ft.-lb., with a maximum range of 233 miles EPA (292 miles WLTP).

In the future, the Polestar 3 electric performance SUV will join the portfolio, as well as the Precept – a design study vehicle released in 2020 that is slated for future production. Precept showcases the brand’s future vision in terms of sustainability, digital technology and design.

2021 Polestar 2 Image 3
2021 Polestar 2 Image 2
2021 Polestar 2 Image 1

*All tax information is current as of April 15, 2020. Government incentives are for informational purposes only and subject to change without notice, nor are within Polestar’s control. Incentive programs are offered and administered by government agencies. Eligibility and availability vary. Visit your state program’s website for the most up-to-date information on availability and redemption requirements. Your eligibility for income tax credits depends on your personal tax situation. Polestar encourages consulting with your tax advisor for details.

 

**The IRS offers a Qualified Plug-In Electric Drive Motor Vehicle Tax Credit of up to $7,500 on the purchase of qualifying vehicles. This is not tax advice. Consult your own tax advisor for details.

Green Car illustration done by Mina Tocalini of 360 MAGAZINE.

Tesla Hits $460Bn in Market Cap

Tesla Hit Over $460Bn in Market Cap, Seven Times More than Ferrari, Porsche and Aston Martin Combined

The coronavirus outbreak has affected many industries, but the automotive industry is among the hardest hit. After carmakers stopped production and dealerships closed showrooms amid COVID-19 lockdown, global car sales slumped worse than ever before. However, the luxury car market was generally less affected by the financial downturn caused by the coronavirus pandemic.

According to data presented by StockApps.com, the market capitalization of the world’s most valuable car company, Tesla, hit over $460bn this week, almost seven times more than Ferrari, Porsche and Aston Martin combined.

Tesla Market Cap Soared 513% Since January

The 2020 has been a fantastic year for Tesla (NASDAQ: TSLA), despite the COVID-19 effects on the global automotive industry. The company’s stock price surged by nearly 200% in the last three months and they’re up about 500% on the year, despite a 4.9% revenue drop in the second quarter of 2020.

One of the reasons for such a premium valuation is Tesla’s ability to convince investors that it’s much more than just an automaker, and plans to make its vehicles capable of deploying into an autonomous “robotaxi” ride-sharing service prove that.

In December 2019, the market cap of the world’s most valuable car company stood at $75.7bn, revealed the YCharts data. By the end of the first quarter of 2020, this figure rose to $96.9bn, despite the COVID-19 crisis. Statistics show Tesla market cap surged by 107% in the next three months reaching $200.8bn value at the end of June. At the beginning of this week, it jumped over $460bn, which is four times the IBM market cap. Since the beginning of the year, the Tesla market cap has soared by 513%.

Ferrari Market Capitalization Rose by $7.1bn in 2020

The disruptions of the COVID-19 pandemic caused a substantial hit to the Italian supercar maker Ferrari (NYSE: RACE), who was forced to close its factories for seven weeks. The Q2 2020 financial report revealed a 42% plunge in revenue year-on-year and halved shipment of vehicles due to both production and delivery suspensions.

The company also narrowed the range of its full-year profit guidance with the estimated revenue of more than €3.4bn, compared to previous guidance of €3.4bn to €3.6bn, and the adjusted earnings before interest, tax, depreciation and amortization of between €1.07bn and €1.12bn.

Nevertheless, the Italian luxury carmaker has performed better than most other car manufacturers and remains confident of a bounce-back in the second half of 2020 thanks to its strong order book.

In December 2019, the market capitalization of the Italian luxury carmaker touched nearly $41.2bn. After the Black Monday crash in March, this figure dropped to $38.7bn. However, the second quarter of 2020 witnessed an increasing trend, with the Ferrari market cap rising to $42.3bn in June. Statistics show the company’s market capitalization stood at $48.3bn at the beginning of this week, a 17% increase since January.

Porsche and Aston Martin Market Cap Plunged in 2020

While Tesla and Ferrari’s stocks performed well amid the coronavirus crisis, other leading luxury sports car manufacturers witnessed a plunge in their market capitalization since the beginning of the year.

Statistics show the combined value of shares of Porsche dropped by 19% in the last eight months, with the figure falling from $23.1bn in January to $18.7bn this week.

The financial results for the first half of the year revealed the German automaker’s sales decreased by 7.3% year-on-year to €12.42bn. The company recorded an operating profit of €1.2bn, while deliveries in the first six months of 2020 dropped by 12.4% globally to under 117,000 vehicles.

Statistics show Aston Martin (LON: AML) more than quadrupled its operating loss for the first six months of 2020 after a sharp fall in sales and revenue amid the COVID-19 pandemic. The British sports car manufacturer sold just 1,770 vehicles in the first half of the year, while total retail sales stumbled to £1.77bn, a 41% plunge year-on-year.

Moreover, the company’s market capitalization halved in 2020, with the combined value of stocks falling from $1.6bn in January to $760.2 million in August.

Rimac Automobili illustrated by Mina Tocalini for 360 MAGAZINE.

Chris Porritt × Rimac Automobili 

Rimac Automobili has appointed former Aston Martin Chief Engineer, VP of Engineering at Tesla and lead at Apple’s Special Projects Group, Chris Porritt, to the role of Chief Technology Officer. Chris will report directly to founder and CEO, Mate Rimac, with focus on future Rimac projects.

With a career spanning more than three decades, Chris has overseen the development of a number of bespoke performance and electric vehicles. During his 16 years at Aston Martin, he was Chief Engineer for the hand-built, limited production One-77 hypercar and V12 Vantage Zagato.

In 2013, Chris moved to California to become VP of Engineering at Tesla and then Apple, where he held a senior role within the Special Projects Group. His combined experience of high-end supercar development at Aston Martin, engineering electric vehicles at Tesla and his race-car enthusiasm, make him the perfect addition to the Rimac team. Chris joins Rimac Automobili from Apple. In addition to his professional journey, Chris spends his spare weekends and any free time building and racing his vintage race cars.

Mate Rimac, Founder and CEO, Rimac Automobili said: “We have started out in a country which is not  known for developing cars. We learnt so much through trial and error as it was difficult to attract people from other countries, making the process challenging but exciting. I can not imagine what our journey would have been like and how far along we would be now if we had Chris with us from the early days. I had concerns that people with great industry experience would not be a fit for our culture and company spirit. However, as a car enthusiast through and through, who gets the “hands dirty” himself, Chris fit right in from the first moment. We share the same mindset: we want to develop cars that raise the bar, are fun and great quality. I can’t wait to see what we will be able to create together.”

Chris Porritt, Chief Technology Officer, Rimac Automobili, said: “The opportunity to join Rimac Automobili is an engineer’s dream. Since nearly every key component is designed and built in-house by Rimac, this gives us freedom to create something that’s unlike anything else that has been done before in the Hypercar world. Rimac is the perfect place to use my combined experience in the engineering of supercars at Aston Martin and the EV engineering experience I gained in California. What the team has already achieved with the development of C_Two thus far is phenomenal, and I look forward to guiding the engineering development of future Rimac products that will push the envelope of performance.”

This year is a crucial period for the launch of Rimac’s latest all-electric hypercar, codenamed C_Two, as the prototypes are built, tested and crashed for global homologation. The 150 production examples of the new car will be hand-built on a new production line in Croatia, beginning in 2021. All major systems and components for the C_Two have been developed and built in-house by Rimac Automobili.

The Rimac C_Two will deliver a 0-100km/h time of <2 seconds and a top speed of 258mph in final production form. These performance figures have been achieved through development of the original C_Two concept and subsequent prototypes. In parallel with the development of the C_Two, the Rimac Automobili business has continued to scale up, with Porsche increasing its ownership stake in the business to 15.5% and Hyundai Motor Group investing 80M EUR into the business. These latest announcements join a long list of already established partners of Rimac, including Koenigsegg, Automobili Pininfarina and Aston Martin.

Follow Rimac Automobili: Facebook | Instagram | Twitter

Maj – “Supreme”

Maj, the Dallas-based singer–songwriter–producer whose grunge-inflected production, nocturnal hip-hop, and soulful confessional storytelling has earned him nearly 10 million total global streams in less than two years, releases “Supreme,” his brand new single + lyric video (directed by Ice The Endless), available at all DSPs today via Def Jam Recordings.

Supreme” is the first new music from Maj since the release of Majestic, his Def Jam label debut EP released in March. The eight track EP comprised five previously released songs (“Sloppy Seconds,” “Come Here,” “Trial & Error,” “Tesla,” and “2drunk” featuring 24kGoldn); plus three previously unreleased titles (“Love Always,” “Start A War,” and “Fucked Me Over”).

ABOUT MAJ:

Born in Pine Bluff, Arkansas, and raised in Dallas, Maj turned to music as a creative outlet after his parents divorced, and soon developed a diverse palette that ranged from Tyler, The Creator’s Bastard and Goblin, to Nirvana’s In Utero and Bleach among other influences. Maj conceived and launched a YouTube channel on which he posted commentary and analysis reaction videos to songs and albums that interested him. He piled up over 4 million views but his days as an “analyst” were numbered, as he began making low-key recordings of his own original material. “I didn’t even let my family know.”

His first upload out the gate, “Leave Me Alone” racked up over 100,000 streams. Collaborating with producer Nick Mira [XXXTentacion, Juice WRLD], “You and I” and “Sloppy Seconds” each surpassed one million mark, while “The Heartbreak” (produced by Nimbus Beats) neared 1.5 million Soundcloud plays alone.  Into 2019,  “Come Here” and “Trial & Error” showed his artistic progression, and ultimately caught the attention of Def Jam, the world’s most important hip-hop destination.

Maj strikes a working balance between listening and speaking, and his growing legion of fans seem to appreciate that he is out there listening and, most importantly, singing. “You might feel lost,” he sums up, “but you could also be happy as hell and still fuck with what I’m doing. This is meant to be a place for everybody.”

FOLLOW MAJ: Instagram | Twitter | Youtube | Spotify | SoundCloud

Kanye illustration

Kanye West Running For President?

By Eamonn Burke

Megastar musician Kanye West tweeted yesterday, July 4th, that he will be running for President in 2020. The announcement came with a call to action:

“We must now realize the promise of America by trusting God, unifying our vision and building our future.”

The tweet, coming just months before the election, received support from prominent figures, including Tesla CEO Elon Musk, entrepreneur Mark Cuban, and Kanye’s wife Kim Kardashian.

Kanye, an avid Trump supporter, has teased at a possible run for president over many years, both in 2020 and 2024, but there is still no explicit evidence that he truly plans to run this year. Like his would-be opponent, President Trump, Kanye is known to make unfounded statements. As far as we know, Kanye has not registered his name yet. Another important factor is that of the candidate filing deadline, which Kanye has missed in many states, making him unable to appear on a ballot. However, he still has time to register as an independent in many key states like Pennsylvania and Michigan.

If Kanye really does run as an independent, it could shake up the projected votes for the November 3rd election.

Benefits of Electric Vehicles

Electric vehicles are evolutionary, not revolutionary, says Baker Institute expert

Tesla will disrupt the automotive industry only if it is able to achieve scale, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy.

“Ford vs. Tesla: What Does a Transformational Automobile Scale-up Look Like?” is authored by Gabriel Collins, the Baker Botts Fellow in Energy and Environmental Regulatory Affairs at the Baker Institute.

Ford and Tesla both earned their reputations through what Collins describes as a “revolutionary vehicle type” — the Model T and Model S-X-3 suite, respectively — and as market makers. Comparing their sales growth trajectories, Collins hypothesizes, can offer insights on how electric vehicle (EV) sales are scaling up as well as how EVs can reshape automobile and oil markets.

The modern world, saturated with automobiles, provides a different battle for Tesla than Ford faced. For Tesla, scalability is essential and “holds the keys to lasting structural change in the energy and transportation spaces,” Collins wrote. Without scale, he says, Tesla cannot compete with the legacy brands that have built off of Ford’s vision for decades. Scale would allow EVs to create the operational infrastructure that can support pure-battery EVs and become more affordable, Collins says.

So can EVs reach market-transforming scale within the next decade?

“Possibly,” Collins wrote. “One overwhelming reality leaps forth from the past decade of data and anecdotal evidence alike: at the global level, EVs have thus far been evolutionary, not revolutionary, factors in the transportation sector.

“Tesla has been ‘evolutionary’ in that the changes they have introduced to the car market to date are thus far incremental …” Collins writes. “A ‘revolutionary’ change, such as the introduction of the Model T, would cause palpable shifts on even a short-term basis. … EVs are not yet impacting the market with sufficient mass to trigger that compounding, deep, high-velocity change necessary for a revolution.”

Collins conducts a range of globally focused commodity market, energy, water and environmental research. He focuses on legal, environmental and economic issues relating to water — including the food-water-energy nexus — as well as unconventional oil and gas development, and the intersection between global commodity markets and a range of environmental, legal and national security issues.

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Founded in 1993, Rice University’s Baker Institute ranks as the No. 2 university-affiliated think tank in the world. As a premier nonpartisan think tank, the institute conducts research on domestic and foreign policy issues with the goal of bridging the gap between the theory and practice of public policy. The institute’s strong track record of achievement reflects the work of its endowed fellows, Rice University faculty scholars and staff, coupled with its outreach to the Rice student body through fellow-taught classes — including a public policy course — and student leadership and internship programs. Learn more about the institute at www.bakerinstitute.org or on the institute’s blog.

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