Category: Electric Vehicle News (Page 14 of 23)

Tesla Negotiating for Possible Texas Vehicle Assembly Plant

June 15, 2020 / WIL BALDWIN

(Reuters) – Electric carmaker Tesla Inc is negotiating possible incentives with a Texas county that could bring a new auto assembly plant to the area near Austin, the state capital, the Austin American-Statesman reported on Monday.

Travis County Commissioners Court is scheduled to discuss terms of the deal on Tuesday, the paper reported, citing people with knowledge of the situation. A vote is expected in the coming weeks.

The paper said it was unclear whether negotiations with Travis County show that Tesla has picked the Austin region as the site for the plant, which would build the company’s electric pickup truck and Model Y SUV and employ thousands of people, or if the company is also negotiating with officials in Tulsa, Oklahoma.

Tesla officials could not immediately be reached to comment. The company’s chief executive, Elon Musk, has tweeted previously about the possibility of bringing a plant to Texas. Oklahoma also has been mentioned as a possible site.

Travis County officials declined to comment, and a spokesman for the Texas governor’s office did not immediately comment.

Last month, Texas Governor Greg Abbott said he had spoken with Musk about a potential plant.

Abbott’s comments came three days after Musk had threatened to move Tesla’s headquarters and future operations to Texas or Nevada after officials in California’s Alameda County, where Tesla’s only U.S. vehicle assembly plant is located, said the plant could not yet reopen because of coronavirus lockdown measures. The plant has since reopened.

Officials with the United Auto Workers union, which represents hourly workers at General Motors Co’s assembly plant in Arlington, Texas, said they believe a Tuesday county meeting will include talks about the possible deal. The union, which has unsuccessfully tried organizing Tesla’s Fremont, California, plant, called on Texas officials to obtain assurances from Tesla about any potential jobs.

(Reporting by Ben Klayman in Detroit and Brad Brooks in Austin, Texas; Editing by Leslie Adler and Jonathan Oatis)

Agreement Between Alstom & Snam for Development of Hydrogen Trains in Italy

June 5, 2020 / WIL BALDWIN

Alstom, a global leader in integrated solutions for sustainable mobility, and Snam, one of the world’s leading energy infrastructure companies, have signed a five-year agreement to develop hydrogen trains in Italy.

The agreement, after the conclusion of the first phase dedicated to feasibility studies planned in Autumn, aims to develop, already at the beginning of 2021, railway mobility projects including both hydrogen-powered trains and the related technological infrastructure, as well as management and maintenance services.

As part of the agreement, Alstom will manufacture and maintain newly built or converted hydrogen trains, while Snam will develop the infrastructures for production, transport and refuelling.

This co-operation stems from the joint commitment of the two companies on hydrogen: Alstom has launched the Coradia iLint, the first fuel cell train in the world, which has successfully been in service for one year and half on a regional route in Germany, while Snam has been one of the first companies in the world to experiment a 10% hydrogen injection into the natural gas transportation network.

Tesla Cuts Prices up to 6% in North America to Boost Demand

May 27, 2020 / WIL BALDWIN

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York

Tesla Inc <TSLA> has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.

Tesla also said its Supercharger quick-charging service will no longer be free to new customers of its Model S sedans and Model X sport utility vehicles (SUV’s).

Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power. However, sales in May are likely to improve due to pent-up demand and incentives offered by most carmakers, the analytics firm said.

Automakers including General Motors Co <GM>, Ford Motor Co <F> and Fiat Chrysler Automobiles NV <FCAU>, are offering 0% financing rates and deferred payment options for new purchases.

Factories in the United States started to reopen earlier this month with suppliers gearing up to support an auto industry employing nearly 1 million people.

Tesla was briefly forced to stop work at its Fremont, California, factory due to stay-at-home orders. It resumed production after resolving a dispute over safety measures with local authorities.

On Wednesday, Tesla website’s showed the starting price for its Model S sedan is now $74,990, down from $79,990.

Its Model X SUVs are now priced at $79,990, from $84,990, and the lowest-priced Model 3 sedan is $2,000 cheaper at $37,990.

Tesla said it will also cut prices in China – as per usual after price adjustments in the United States – by around 4% for the Model X and Model S.

Tesla China, which is delivering Model 3 sedans from its Shanghai factory, in a Weibo post said it has also cut prices for the Model S and Model X cars it imports, but will keep prices of locally made Model 3 cars unchanged.

(Reporting by Yilei Sun and Brenda Goh; Editing by Tom Hogue and Christopher Cushing)

Panasonic to Resume New York Tesla Production Wednesday

May 20, 2020 / WIL BALDWIN

Panasonic Corporation (OTC: PCRFY) is looking to restart production at Tesla Inc.’s (NASDAQ: TSLA) New York manufacturing plant on Wednesday, the Verge reported Tuesday.

What Happened

The Japanese electronics giant will spend the first two days performing equipment checks, and standard manufacturing will start Friday, Panasonic North America Solar Energy Division President Mark Shima said in an internal email accessed by the Verge.

Shima told the employees that the company has “completed preparations under close collaboration with Tesla, such as preparation of masks, sanitizers and wipes, set new protocol for entrance, new rules in cafeteria and production floor, new seat assignment in the office area in order to keep 6′ to the next person.”

It isn’t immediately clear if Tesla is also restarting production at the solar panel manufacturing facility.

Why It Matters

A majority of manufacturing at the New York gigafactory has…

Click the link below to view the full story!

https://finance.yahoo.com/news/panasonic-resume-production-teslas-york-040946178.html

Tesla to Slash Headcount at Nevada Gigafactory by 75%

March 27, 2020 / WIL BALDWIN

BEIJING/TOKYO (Reuters) – U.S. electric carmaker Tesla Inc <TSLA> plans to slash on-site staff at its Nevada battery plant by around 75% due to the coronavirus pandemic, the local county manager said on Thursday.

The move comes after its Japanese battery partner Panasonic Corp <6752.T> said it would scale down operations at the Nevada factory this week before closing it for 14 days.

The factory produces electric motors and battery packs for Tesla’s popular Model 3 sedans.

“Tesla has informed us that the Gigafactory in Storey County is reducing on-site staff by roughly 75% in the coming days,” Austin Osborne said in a post on the county’s website.

No further details were available and it was not clear how many employees work in the factory. Tesla did not immediately respond to a Reuters request for comment.

The Reno Gazette Journal, which earlier reported the planned suspension, said Panasonic has about 3,500 employees at the Nevada plant.

Tesla said last week it would temporarily suspend production at its vehicle factory in San Francisco Bay Area from end of March 23, as well as at its New York solar roof tile factory.

However, Tesla CEO Elon Musk said the company will reopen the New York plant “as soon as humanly possible” to manufacture ventilators for coronavirus patients.

Two employees of Tesla have tested positive for coronavirus but have been working from home for the past two weeks and had not been symptomatic at work, Tesla said in an email to employees on Thursday. It did not disclose which unit or at what location the employees work.

(Reporting by Yilei Sun and Makiko Yamazaki; Editing by Miyoung Kim and Himani Sarkar)

Alstom to Equip Regional Trains in Sweden with ERTMS Onboard Control System

March 25, 2020 / WIL BALDWIN

Alstom has been awarded a contract by AB Transitio, Region Skåne through Skånetrafiken, Region Blekinge, Hallandstrafiken AB, and DSB SOV to equip a fleet of 77 X31 regional trains with ERTMS onboard train control system, with an option of an additional 34 trains. All trains will be ready by end of 2023. The contract is worth about 35 million euro.

The trains are running in the growing Öresund region in the South of Sweden, and Eastern Denmark.

Alstom will install a solution that features an integrated dual system enabling the trains to run on legacy lines equipped with ATC-2 system in Sweden, whilst being also able to run on lines newly equipped with the ERTMS Level 2 system both in Sweden and Denmark. Furthermore, the trains are also equipped to run on the existing ZUB 123 system in Denmark. The design of the dual system minimizes hardware equipment by sharing some on-board components, and the wheel sensors. Alstom is the ERTMS market leader and is currently delivering a similar solution in Norway on over 400 trains, to be completed in 2026.

“We are very pleased to deliver an onboard control system solution for AB Transitio and their fellow vehicle owners for Öresundstrafiken. This contract is a strategic win for Alstom in Sweden, where its longstanding international ERTMS experience now will be applied to a major part of the train fleet in southern Sweden,” said Björn Asplund, Managing Director of Alstom Sweden.

“To us, an updated and modern train fleet is important as we see a steadily increasing flow of passengers to a region that continues to grow. With a new digital signalling system, the trains will continue to provide a very safe railway service in the Öresund region”, says Stefan Kallin, CEO of AB Transitio.

The project will be delivered by Alstom Sweden together with Alstom center of excellence for ERTMS in Charleroi, Belgium. Installation design and supply chain will be performed by the Alstom team in Copenhagen, Denmark.

Alstom’s Atlas is the worldwide number one in on-board ERTMS equipment, representing 70% of the on-board systems in service in ERTMS Level 2. Today, across 20 countries, trains under Atlas supervision have covered over 150 million kilometers, including Deutsche Bahn’s ICE3 fleet recently equipped in Germany. Alstom has also delivered the first ERTMS Level 3 in commercial service in the world in Germany.

Siemens Mobility Receives First Battery Powered Train Order

March 24, 2020 / WIL BALDWIN

20 Mireo Plus B battery-powered trains for Baden-Württemberg
Maintenance contract for 29.5 years
Delivery of trains by June 2023

Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW) has ordered 20 Mireo Plus B trains from Siemens Mobility. The two-car electric trainsets with 120 seats can operate on rail routes with or without overhead power lines thanks to their battery hybrid drive, and are scheduled to operate in Network 8 of the Ortenau regional system. The contract also includes maintenance of the trains by Siemens Mobility for a period of just under 30 years. State Minister for Transport Winfried Hermann said: “This marks the first time battery-powered trains will be used in the state. With this innovative technology, the electrification of rail routes without continuous overhead power lines will also be possible.”

Delivery of the trains is scheduled to be completed by December 2023. The trains will be built at the Siemens Mobility factory in Krefeld, Germany. The KfW IPEX Bank is financing the trains for Nahverkehrsgesellschaft Baden-Württemberg (NVBW). The financing of €77 million has a term of 28 years.

“With this order, the state of Baden-Württemberg is investing in the future of mobility. Our battery-powered train Mireo Plus B makes climate-friendly, locally emission-free passenger transport possible, thus offering a sustainable alternative to the use of diesel-powered trains on non-electrified rail routes. We will guarantee the availability of the fleet with our maintenance of the trains over their entire lifecycle,” said Sabrina Soussan, CEO of Siemens Mobility.

“In the interest of sustainability, we’ve deliberately opted for a “lifecycle model’,” said Winfried Hermann, Minister for Transport in Baden-Württemberg. “We’re breaking new ground in converting to climate-friendly propulsion systems in local transport by introducing this new technology and want to commit the company to this technology through contractual arrangements. Siemens is also responsible for energy consumption and energy costs over the entire contract period of 29.5 years. In this respect, we are entering new territory regarding public transport tenders in the state of Baden-Württemberg.”

The Mireo Plus B has a range of around 80 kilometers in battery operation under real conditions. The batteries can be charged via the overhead line while operating along electrified sections and by recuperating the train’s braking energy. The battery system is mounted underfloor and is installed in two battery containers. Lithium-ion batteries with a long service life are used in the system.

The Network 8 Ortenau comprises the routes:

Offenburg –Freudenstadt/Hornberg
Offenburg – Bad Griesbach
Offenburg – Achern
Achern – Ottenhöfen and
Biberach (Baden) – Oberharmersbach-Riersbach

Ford Bets More Businesses Want Carbon-Free Delivery Vans

March 4, 2020 / WIL BALDWIN

DETROIT (Reuters) – Ford Motor Co is putting more chips on a bet that it can profit from selling electric vans to delivery businesses that need to reduce carbon emissions.

Ford will roll out an all-electric version of its Transit van for North America in model year 2022, mirroring the timetable for launching a similar model for the European market, the company said on Tuesday in conjunction with the NTEA Work Truck Show in Indianapolis.

“Our electric bet as a company is different than our competitors,” Ford Chief Operating Officer Jim Farley said in an interview. “The most critical bet we will be making over the next several years will be our commercial vehicles.”

Two of three electric vehicles Ford has announced as part of an $11.5 billion investment in electrification through 2022 are aimed at commercial customers – the Transit and an electric version of the company’s best-selling model, the F-150 pickup.

Ford’s Mustang Mach-E electric SUV represents a low-volume challenge to electric luxury vehicle market leader Tesla Inc.

The electric Transit and F-150 will play in market segments Ford dominates in the United States and Europe.

“Half of the vehicles doing work in the U.S. are Ford Motor Co vehicles,” Farley said. Ford is also the No. 1 commercial vehicle brand in Europe, and has led the commercial van market in Britain, which is Europe’s largest, for 55 years.

Regulators in Europe and in some U.S. cities are stepping up pressure on businesses to replace diesel or gasoline-fueled delivery vans with electric models to reduce pollution in city centers.

In the United States, Amazon.com Inc, has ordered 100,000 electric delivery vans from start-up Rivian, the first of which will be delivered in 2021 and built in Normal, Illinois. Ford has a separate partnership with Rivian.

The electric Transit will not be related to the Rivian van, said Ted Cannis, Ford’s director of electrification.

The new Transit will be an early test of the company’s efforts to deploy new connectivity technology and services to go with it, Farley said.

Ford said the electric Transit will be built in America and cost more than the gasoline-powered version, which starts at $34,500. Research firm Auto Forecast Solutions said it will be built in Kansas City, Missouri, along with the gasoline version.

Supplier sources who asked not to be identified said Ford will launch production in late 2021, with plans to build around 2,000 that year and increase to 14,000 annually by 2023.

(Reporting by Ben Klayman in Detroit; Additional reporting by Paul Lienert; Editing by Richard Chang)

Alstom to Supply 17 Additional Citadis Trams to Strasbourg

March 3, 2020 / WIL BALDWIN

Alstom will supply 17 additional Citadis trams to the Strasbourg Transport Company (CTS) and the Eurometropole of Strasbourg for the sum of €52 million. This order will complete the fleet of 63 trams delivered by Alstom between 2003 and 2019, and confirms a partnership of almost 20 years between Alstom and CTS. The last option exercise, signed in March 2016, was for 10 Citadis trams for the extensions of lines A and D.

These 17 new trams will reinforce the existing lines, including line D, which serves the city centre of Kehl in Germany. The Citadis tramway is the first to cross a border in France and is approved according to the BOStrab, the German federal decree on the construction and operation of trams in Germany.

“With this new order, CTS is the French customer that will own one of the largest Citadis tram fleets with a total of 80 trainsets ordered. We are very proud to be continuing this partnership initiated in 2003, proving that the Citadis range meets the evolving needs of our customers,” says Jean-Baptiste Eyméoud, Managing Director of Alstom in France.

The Citadis trams for Strasbourg are 45 metres long and have a capacity of 288 passengers. They are fitted with LED lighting and all-glass doors to enhance comfort and safety for passengers. Complying with the latest standards, the trams are equipped with double doors accessible to PRMs (People with Reduced Mobility), wider seats and areas reserved for wheelchair and stroller users.

These trams will be designed and manufactured mainly in France: La Rochelle (design and assembly of the trainsets), Le Creusot (bogies for the intermediate modules), Tarbes (components of the traction chain), Villeurbanne (electronic equipment) and Saint-Ouen (design). The bogies situated under the driver cabins will be manufactured at Alstom’s site in Salzgitter, Germany.

In total, more than 2,600 Citadis trams have been sold to more than 50 cities in 20 countries.

Acquisition of Bombardier Transportation: Accelerating Alstom’s Strategic Roadmap

February 17, 2020 / WIL BALDWIN

A step-change acquisition to address the ever-increasing demand for sustainable mobility
Excellent strategic rationale bringing to Alstom:
– Strong commercial and product complementarities
– Strengthened product lines and strategic industrial capacity
– Leading portfolio offering and R&D capabilities
Acquisition price from €5.8bn to €6.2bn
CDPQ to become the largest shareholder of Alstom with c.18% of the capital

Alstom announces today that it has signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt et placement du Québec (“CDPQ”) in view of the acquisition of Bombardier Transportation. Post-transaction, Alstom will have a backlog of around €75bn and revenues around €15.5bn. The price for the acquisition of 100% of Bombardier Transportation shares will be €5.8bn to €6.2bn which will be paid via a mix of cash and new Alstom shares. CDPQ will reinvest c.€2bn corresponding to 100% of cash proceeds to be received from the sale of its stake in Bombardier Transportation and further invest €0.7bn in Alstom, outlining its strong belief in the strategic rationale and value creation potential of the combination.

“I’m very proud to announce the acquisition of Bombardier Transportation, which is a unique opportunity to strengthen our global position on the booming mobility market. This acquisition will improve our global reach and our ability to respond to the ever-increasing need for sustainable mobility. Bombardier Transportation will bring to Alstom complementary geographical presence and industrial footprint in growing markets, as well as additional technological platforms. It will significantly increase our innovation capabilities to lead smart and green innovation. We will be thrilled to welcome all the talent and energy of Bombardier Transportation employees. We are deeply committed to step up the turnaround of Bombardier Transportation activities and deliver significant value to all stakeholders, particularly our customers. We will also further develop Bombardier Transportation’s historical presence in Québec, drawing on Québec’s well-established strengths in innovation and sustainable mobility. We are pleased to welcome CDPQ as a new long-term shareholder. CDPQ is fully supportive of the transaction and Alstom’s strategy.” said Henri Poupart-Lafarge, Chairman and CEO of Alstom.

A step-change acquisition

Alstom and Bombardier operate in a very positive market environment with passenger traffic expected to grow between 3% to 5% annually over the 2015-2025 period and global rail OEM market expected to achieve a +3.0% CAGR between 2021-2023. The dynamic is driven by urbanisation trend and a strong push for decarbonation of mobility. In Europe, the European Commission has set very ambitious targets in terms of CO2 reduction and several countries have announced large investments in rail.

Alstom is a preeminent rail equipment player with an industry-record backlog of €40bn and €8.1bn of annual sales as of 31-Mar-2019. Over the period 2016-2019, Alstom delivered strong sales development with an average annual growth of 5.5% outperforming the market, and significantly improved profitability (up to 7.5% adjusted EBIT margin).

Bombardier Transportation is a reference player in global rail transportation with a €32bn backlog and €7.4bn sales as of December 2019. With a track record of market leadership and a strong expertise, Bombardier Transportation offers a broad product portfolio across all market segments and has a well-balanced industrial footprint between best-cost and high-tech countries.

Click the link for the full press release! https://www.alstom.com/press-releases-news/2020/2/acquisition-bombardier-transportation-accelerating-alstoms-strategic

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